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Tag: Exploration & Production
Dragon Oil GUPCO

Dragon Oil completes acquisition of BP’s Gulf of Suez assets (GUPCO)

Posted: January 14, 2020 at 3:29 pm   /   Oil & Gas

Emirates National Oil Company (ENOC) subsidiary Dragon Oil has wrapped up its acquisition of BP’s Gulf of Suez assets for USD 500 million, the Oil Ministry said in a statement. A conflicting report by Al Arabiya puts the transaction value at USD 850 million, although the source of the figure remains unclear. BP and Dragon […]

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Pharos

Pharos Energy announces trading and Egypt operations update

Posted: January 8, 2020 at 1:26 pm   /   Oil & Gas

Pharos Energy has issued a trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2019. This is in advance of the Company’s Preliminary results due to be announced on 11 March 2020. The information contained herein has not been audited and […]

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Red Sea Bid Round Result

Egypt announces Red Sea Offshore Bid Round result, awards 3 blocks

Posted: December 29, 2019 at 7:55 pm   /   Oil & Gas

Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla announced on Sunday the results of the first international bid round for oil and gas exploration in the Red Sea, put up for bidding by the South Valley Egyptian Holding Company for Petroleum (Ganope) last March. The American Chevron Corporation won block one, while the Dutch […]

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MOP Signing

Egypt signs four Oil & Gas E&P Agreements worth $155 million

Posted: December 26, 2019 at 12:14 pm   /   Oil & Gas

The Egyptian General Petroleum Company (EGPC) and Ganope have signed four oil and gas exploration and production agreements that will see companies invest at least USD 155 mn to develop concessions in the Gulf of Suez, Nile Valley, and the westert desert, according to an Oil Ministry statement. The agreements also include USD 10.5 mn-worth […]

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Zarubezhneft

Russian Zarubezhneft joins two offshore oil concessions in Egypt

Posted: December 25, 2019 at 1:10 pm   /   Oil & Gas

Russian state-owned energy company Zarubezhneft has joined two offshore oil concessions in Egypt under a production-sharing agreement, Reuters’ Arabic service reports, without disclosing the value of the agreement or the other party. The report indicates that one of the blocks is in southeast Ras El Ush and the other is East of Gabal El Zeit […]

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Abu Sennan

New discovery in Egypt’s Western Desert to produce 7000 bopd, 10 mmcfd of gas

Posted: December 20, 2019 at 9:04 pm   /   Oil & Gas

The Ministry of Petroleum and Mineral Resources on Thursday announced a new oil discovery in the Western Desert where an average of 7,000 barrels of crude oil and 10 million cubic feet of gas are envisaged to be produced on daily basis. The oil discovery, in the Western Desert’s Abu Sennan, an area near the […]

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Wintershall Dea Libya

Wintershall Dea signs two EPSA agreements with Libya’s NOC

Posted: December 17, 2019 at 1:09 pm   /   Oil & Gas

Petroleum Concessions 96 and 97 converted to EPSA IV standard. Wintershall Dea affiliate WIAG will transfer operatorship of Sirte Basin fields to new Joint Operating Company by mid-2020. Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) today have signed two Exploration and Production Sharing Agreements (EPSAs) for Areas 91 (former Concession 96) and 107 […]

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BP-MOP

El Molla meets with BP’s Bernard Looney to discuss gas projects

Posted: December 12, 2019 at 3:37 pm   /   Oil & Gas

Minister of Oil and Mineral Wealth Tarek el Molla conferred on Monday with the newly-appointed Chief Executive Officer of British Petroleum Company Bernard Looney and Chief Executive of Operations, Exploration and Research William Lane and Regional President of BP in North Africa and the Middle East Hisham Mekawy and BP Chairman in Egypt Karim Alaa.  […]

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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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