Eni and BP announce new Nooros natural gas discovery offshore Egypt
Italy’s Eni and partner BP have made a new shallow-water gas discovery on their Abu Madi West concession in the Nile Delta, boosting estimated gas in place reserves at Great Nooros area to 4 Tcf. Eni, new gas discovery in the “Great Nooros Area”, Mediterranean Sea, Egypt Eni (as the Operator of the Block) and […]
Energean’s H1 2020 results: Strong performance with 52.1 kboed production
Strong performance in 1H 2020 with 52.1 kboed pro forma production – pro forma $177million revenue, $66 million operating cash flow, $350 million capex reduction. Energean has today announced HY results for the period ended 20 June 2020. The highlights include: Combined business pro forma production was 52.1 kboed, compared with full year guidance of […]
Dana Gas in talks with IPR Energy over the sale of its Egypt assets
United Arab Emirates’ Dana Gas is negotiating details of a sale of its Egyptian assets with Texas-headquartered IPR Energy, three sources familiar with the matter said, ahead of a repayment of some $300 million in debt in October. The energy producer – whose main assets are in Egypt and in the Kurdistan Region of Iraq […]
Bapetco made eight new discoveries in Egypt in FY 2019-2020
Shell-EGPC JV Badr El-Din Petroleum Company (Bapetco) made eight new discoveries in its Egypt concessions in FY2019-2020 with confirmed oil reserves of 10.6 mn bbl, according to an Oil Ministry statement. Bapetco drilled 44 developmental wells and one exploratory well last fiscal year. (Source: Enterprise.press)
Wintershall Dea Q2 2020 Results: unaffected production, stable operations despite pandemic
Q2 2020 Results: Despite the pandemic – unaffected production and stable operations Wintershall Dea, Europe’s leading independent gas and oil company, today reported its second quarter 2020 results. Mario Mehren, Wintershall Dea Chairman & CEO, says: “The quarter was without doubt one of the most challenging that the industry has seen in a long time. […]
Kom Ombo Petroleum to start $3m drilling operation at Baraka concession
Kom Ombo Petroleum — a JV between the Egyptian General Petroleum Company and Mediterra Energy — will begin drilling two wells at its Baraka concession, which is expected to cost USD 2.5-3 mn, Al Mal reports, citing unnamed industry sources. The Baraka concession has produced some 350 to 400 bbl / d of oil this […]
Eni: Bashrush discovery offshore Egypt tested with success
Eni: Bashrush discovery, in North El Hammad concession in Mediterranean Sea of Egypt, tested with success. Eni (as the Operator of the Block), bp and Total (as Contractor members) have successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession, in the conventional Egyptian waters of the Nile Delta. […]
Eni announces new oil discovery at SW Meleiha, in Egypt’s Western Desert
Eni announces the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd. Eni announces the successful drilling of the SWM-A-6X well, in the South West […]
MEES: Chevron arrows in on East Med with $5bn Noble Energy takeover
US major Chevron is expanding in the “prolific Eastern Med” with the $5bn acquisition of compatriot Noble Energy. The highlight of the deal is a 40% operator’s stake in the region’s largest gas field, Israel’s 23tcf Leviathan. Just six months after dipping its toe into the East Mediterranean with its first Egypt block, US major […]
Chevron agrees to acquire Noble Energy in $13 billion deal
Chevron has entered an agreement to acquire Noble Energy under an all-stock transaction valued at $13 billion. Noble will add low-cost, proved reserves and attractive undeveloped resources to the group’s upstream portfolio, including low-capital, cash-generating assets offshore Israel, strengthening Chevron’s position in the Eastern Mediterranean. Offshore West Africa, Noble has producing interests in Equatorial Guinea […]
