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Tag: Exploration & Production
Bluware

Bluware, Shearwater Announce Partnership to Accelerate Seismic Processing

Posted: August 30, 2022 at 12:50 pm   /   Oil & Gas

Bluware and Shearwater GeoServices Announce Partnership to Accelerate Seismic Processing by Integrating Volume Data Store (VDS) Seismic Data Format into Reveal. Bluware Corp., the digital platform that enables the energy industry to accelerate digital transformation initiatives and adopt cloud computing for subsurface data, is partnering with Shearwater GeoServices, a global provider of powerful geophysical marine seismic […]

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petronas

Petronas Exploring $3 Billion African Upstream Asset Sale

Posted: August 24, 2022 at 1:09 pm   /   Oil & Gas

Petronas could sell its Egyptian upstream assets as it looks to offload part of its African portfolio: Malaysian oil firm Petroliam Nasional Berhad (Petronas) is inviting bids for its upstream assets in Africa — including its local concessions — in a transaction that could be worth up to USD 3 bn, Bloomberg reports, citing sources it says has knowledge of the […]

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Tullow

Tullow Oil, Capricorn Energy agree to merge in all-share combination

Posted: June 2, 2022 at 12:00 pm   /   Oil & Gas

Tullow Oil and Capricorn Energy PLC have agreed to merge in an all-share combination, Tullow Oil said in a June 1 announcement. The combine would result in a diversified pan-African upstream portfolio underpinned by low-cost producing assets, with a deep portfolio of incremental high-return investment opportunities in Ghana, Egypt, Gabon, and Côte d’Ivoire, Tullow said. […]

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Shell subsidiary BG Egypt acquires 100% stake in ExxonMobil’s North East El Amriya offshore block

Posted: May 18, 2022 at 7:42 pm   /   Oil & Gas

SHELL STRENGTHENS ITS OFFSHORE POSITION IN EGYPT’S NILE DELTA – ACQUIRES OFFSHORE BLOCK 3 BG International Limited., a subsidiary of Shell plc., signed a Farm Out Agreement (FOA) with ExxonMobil Egypt (Upstream) Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area, Mediterranean Sea – also known as Block 3. On […]

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Wintershall Dea CEO Mehren: “The War Marks a Fundamental Turning Point”

Posted: April 28, 2022 at 2:21 pm   /   Oil & Gas

SPECIAL MEDIA CALL AND Q1 2022 RESULTS: In a special media call, Wintershall Dea CEO Mario Mehren has described the Russian war of aggression against Ukraine as “a fundamental turning point for Wintershall Dea.” Days into the war, Wintershall Dea announced the impairment of Nord Stream 2 financing, stopped payments into Russia and said a […]

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ipr

IPR Completes Transaction with Pharos for Western Desert Assets Acquisition

Posted: March 28, 2022 at 12:44 pm   /   Oil & Gas

Texas-based IPR Energy Group (“IPR”) announced the completion of its acquisition of Operatorship and majority Working Interest of 55% of Pharos Energy plc (“Pharos”) in the El Fayum and North Beni Suef Concessions in the Western Desert, as part of its aggressive expansion strategy in Egypt. This latest acquisition, spanning 6,624 km2 in the Western […]

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pharos

Pharos Energy announces preliminary results for year ended 31 December 2021

Posted: March 20, 2022 at 12:24 pm   /   Oil & Gas

Pharos Energy, an independent oil and gas exploration and production company, has announced its preliminary results for the year ended 31 December 2021. A conference call will take place at 0900 GMT today. Jann Brown, Managing Director and Chief Executive Officer Designate, commented: ‘It is truly an exciting time to take over the reins at […]

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Wintershall Dea

Wintershall Dea divests its interest in the Gulf of Suez concession

Posted: February 3, 2022 at 3:40 pm   /   Oil & Gas

Transfer of interest to the Egyptian General Petroleum Corporation after 38 years of efficient production. Proud history in Egypt will continue. Stronger focus on production of natural gas. As of 1st January 2022, after 38 years of economic and efficient production from the Gulf of Suez, Wintershall Dea is closing this chapter of its long […]

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Egypt-South-Disouq

SDX announces proposed disposal of 33% of South Disouq for $5 million

Posted: February 2, 2022 at 12:57 pm   /   Oil & Gas

AIM-listed SDX Energy, the MENA-focused oil and gas company, has announced the proposed disposal of 33% of the shares in the entity that holds its interests across its South Disouq concession and its intention to initiate a share buyback program of up to US$3.0 million in H2 2022. All monetary values are expressed in United States dollars net to the Company […]

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Tarek El Molla

New oil and gas exploration bid round coming in 1H2022 – El Molla

Posted: January 26, 2022 at 2:12 pm   /   Oil & Gas

New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new global tender for oil and gas exploration before June, Bloomberg Asharq reported Oil Minister Tarek El Molla as saying during a press conference yesterday. No further details were disclosed on the upcoming tender. The Oil Ministry kicked off […]

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