President Sisi urges Italy’s Eni to expand its Egypt exploration activities
Egypt’s president Abdel Fattah El-Sisi met with a delegation from the oil company Eni in Cairo on Monday, 12 October 2020. The president has ordered the petroleum ministry to promote cooperation with the Italian oil company and overcome any obstacles in this regard. Egypt’s President Abdel-Fattah El-Sisi has expressed hope for the expansion of activities […]
Apache can spend up to $900 mn at its Western Desert concessions this year
US oil and gas producer Apache could spend as much as USD 900 million at its Western Desert oil concessions this fiscal year if oil prices mount a recovery, Al Mal reports, citing a senior official at the Egyptian General Petroleum Corporation (EGPC). The company spent some USD 840 million in Egypt last fiscal year […]
Schlumberger: EGAS centralizes, increases access to 25 TB of data
Schlumberger Case Study: ProSource E&P data management and delivery system enhances data security, digitization, and accessibility. Challenge: Decrease time-consuming activities in data preparation for internal use and license rounds data sales and review. Solution: Implement ProSource E&P data management and delivery system to provide a single, secure database for 25 TB of E&P data to […]
Noble Energy shareholders approve merger with Chevron in $13 billion deal
Noble Energy has announced that shareholders of the Company approved the pending merger with Chevron and all other proposals related to the Merger at Noble Energy’s Special Meeting of Shareholders held October 2. Noble Energy anticipates providing final vote results for the Special Meeting, as certified by the independent Inspector of Election, on a Form […]
Wintershall Dea Egypt Managing Director’s message on German Unity Day
Wintershall Dea Senior Vice President and Egypt’s Managing Director, Mr. Sameh Sabry, shares his greeting message on the occasion of the 30th anniversary of the German Reunification Day. About Wintershall Dea Wintershall Dea is Europe’s leading independent natural gas and oil company with more than 120 years of experience as an operator and project partner […]
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. […]
