Valaris drillship awarded four-well contract with BP offshore Egypt
Valaris announces contract award for drillship VALARIS DS-12Valaris has announced that drillship VALARIS DS-12 has been awarded a four-well contract with BP offshore Egypt. The contract is expected to commence late in the third quarter or early in the fourth quarter 2023 and has an estimated duration of 320 days. The estimated total contract value, inclusive of a mobilization […]
Special Media Call and Q3 Results: Wintershall Dea strengthens international portfolio; CEO Mehren: “Security of supply requires security of demand”
In a media call today, Wintershall Dea CEO Mario Mehren calls for more investment in the expansion of the energy industry. That includes more investment in global gas and oil production, as fossil fuels will continue to be needed in the longer term. “Importers need to be able to conclude long-term supply contracts again. This […]
Bluware, Shearwater Announce Partnership to Accelerate Seismic Processing
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 […]
Petronas Exploring $3 Billion African Upstream Asset Sale
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 […]
Tullow Oil, Capricorn Energy agree to merge in all-share combination
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. […]
Shell subsidiary BG Egypt acquires 100% stake in ExxonMobil’s North East El Amriya offshore block
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 […]
Wintershall Dea CEO Mehren: “The War Marks a Fundamental Turning Point”
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 […]
IPR Completes Transaction with Pharos for Western Desert Assets Acquisition
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 […]
Pharos Energy announces preliminary results for year ended 31 December 2021
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 […]
Wintershall Dea divests its interest in the Gulf of Suez concession
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 […]
