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Tag: Exploration & Production
Red Sea

Red Sea Bid Round results to be announced this month – El Molla

Posted: December 5, 2019 at 2:11 pm   /   Oil & Gas

The Oil Ministry will announce the winners of the Red Sea exploration and production bid round this month, Minister Tarek El Molla told Youm7. The tender comprises 10 oil and gas exploration blocks, and was launched by the South Valley Egyptian Petroleum Holding Company (Ganope) back in March. (Source: Enterprise.press)

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global-warming

Energean Oil and Gas makes pledge to net zero emissions by 2050

Posted: December 3, 2019 at 3:29 pm   /   Oil & Gas

Energean first London listed E&P company to commit to the UN’s Global Compact campaign – “Business Ambition for 1.5°C: Our Only Future”; pledges to net zero emissions by 2050. Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that it is supporting and is committed to […]

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pr-chart-1-fields-on-offer

Rystad Energy: Supermajors’ global asset sales could reach $27 billion

Posted: November 19, 2019 at 3:17 pm   /   Oil & Gas

The supermajors are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment. These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline. Ranjan […]

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Shell

Shell appoints Citi for $1 billion sale of Egypt Western Desert assets

Posted: November 17, 2019 at 12:55 am   /   Oil & Gas

Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. The sale process is expected to be officially launched at the end of November, the sources said. Shell said last month it plans […]

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eni

Eni CEO doesn’t rule out interest in Dana Gas Egypt assets, but not a priority

Posted: November 12, 2019 at 4:00 pm   /   Oil & Gas

Eni’s chief executive does not rule out a possible interest for the Egyptian assets of Dana Gas but says any potential bid is unlikely since the Italian major already has a lot of resources in the area. Earlier this year United Arab Emirates’ Dana Gas hired an adviser for the possible sale of its assets […]

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Eni CEO

Eni is not interested in acquiring Dana Gas Egypt portfolio of assets

Posted: November 12, 2019 at 12:30 pm   /   Oil & Gas

Italy’s Eni is not looking to acquire the Dana Gas’ portfolio of assets in Egypt, Eni CEO Claudio Descalzi tells Bloomberg TV. Descalzi stressed that Eni is satisfied with its portfolio for the time being and plans to focus on developing current assets before biting off more. Dana Gas had received offers for buying its […]

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Energean

Energean announces successful appraisal of Karish North discovery

Posted: November 4, 2019 at 11:08 am   /   Oil & Gas

Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce the successful appraisal of the Karish North Discovery, confirming best estimate recoverable resources of 0.9 Tcf (25 BCM) plus 34 million barrels of light oil / condensate2 (combined c.190 mmboe) significantly enhancing Energean’s discovered resource volumes across […]

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Eni

Eni acquires 70% of Edison’s stake in NE Ha’py offshore gas concession

Posted: October 27, 2019 at 12:34 pm   /   Oil & Gas

Eni has acquired 70% of Edison’s stake in Block 12 of its Northeast Ha’py natural gas concession in the Mediterranean, an unnamed EGAS source said on Thursday, according to Reuters. The source did not disclose further details on the sale of the block, which Edison won in a 2015 bid round. The acquisition comes as […]

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Eni

Eni announces a new oil discovery in the Gulf of Suez offshore Egypt

Posted: October 25, 2019 at 11:50 pm   /   Oil & Gas

New resources discovered in the Gulf of Suez offshore Egypt: New resources discovered in the Abu Rudeis Sidri development lease, in the Gulf of Suez, where an appraisal well of the discovery of Sidri South, announced last July, was drilled. A rapid development plan for the new discovery with a “fast-track” approach, leveraging on existing […]

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shell ceo

Onshore Egypt still attractive even as Shell sells assets – Upstream Opinion

Posted: October 25, 2019 at 1:33 pm   /   Oil & Gas

OPINION: Shell’s decision to exit onshore assets in Egypt highlights a trend by major producers to abandon ageing fields that need intensive efforts to keep them producing without the expected reward. By contrast, heavyweight international oil companies are turning their focus offshore in the Mediterranean Sea, which offers significant exploration upside. The departure of major […]

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