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Tag: Exploration & Production
shell ceo

Onshore Egypt still attractive even as Shell sells assets – Upstream Opinion

Posted: October 25, 2019 at 1:33 pm   /   Oil & Gas

OPINION: Shell’s decision to exit onshore assets in Egypt highlights a trend by major producers to abandon ageing fields that need intensive efforts to keep them producing without the expected reward. By contrast, heavyweight international oil companies are turning their focus offshore in the Mediterranean Sea, which offers significant exploration upside. The departure of major […]

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Dragon Oil

Dragon Oil completes acquisition of BP’s share in Egypt’s GUPCO JV

Posted: October 21, 2019 at 6:07 pm   /   Oil & Gas

Dragon Oil’s Acquisition of BP’s stake in Gulf of Suez, Egypt – Major investments and new concepts. As a part of its ongoing drive to be among regionally and globally ranked Oil and Gas companies, Dragon Oil Ltd. – the fully owned exploration and production platform of Emirates National Oil Company «ENOC» has acquired BP’s […]

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West Med

EGAS upcoming Bid Round will include 11 Blocks in Egypt’s West Mediterranean

Posted: October 20, 2019 at 5:05 pm   /   Oil & Gas

The EGAS upcoming Bid Round will include 11 Blocks in Egypt’s Western Mediterranean. Dr. Samir Rasslan, EGAS vice Chairman for Agreements & Explorations announced on the last day of MOC, that the Egyptian Natural Gas Holding Company (EGAS) will invite Petroleum Exploration Companies for 2020 International Bid Round to explore/exploit for Gas and Crude Oil […]

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Shell

Shell Egypt to sell its onshore Western Desert upstream assets

Posted: October 20, 2019 at 3:59 pm   /   Oil & Gas

SHELL EGYPT TO MARKET ITS CURRENT ONSHORE UPSTREAM ASSETS IN THE WESTERN DESERT TO FOCUS ON OFFSHORE GAS GROWTH Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. Wael Sawan, Shell Upstream Director, said: “Shell […]

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Apache

Apache Corp. plans to increase its investments in Egypt – CEO Christmann

Posted: October 20, 2019 at 3:45 pm   /   Oil & Gas

Apache Corp. plans to increase investments in Egypt: CEO – The U.S oil corporation plans to boost its investments in Egypt. Apache oil corporation has plans to boost investments in Egypt through using the cutting-edge oil and gas exploration technologies, said John J. Christmann, the President, Chief Executive Officer and Director at Apache Corporation. Christmann […]

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Eni

Italy’s Eni says it does not want “gas well war” offshore Cyprus

Posted: October 19, 2019 at 4:15 pm   /   Oil & Gas

The head of Italy’s Eni said Thursday the oil and gas group would not drill off Cyprus should a row with Turkey over sizeable natural gas deposits see either side send in warships. “I am not worried… (but) if someone turns up with warships, I won’t drill wells,” Claudio Descalzi said. “I certainly don’t want […]

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MOC

Heads of global oil giants applaud Egypt’s blooming oil & gas sector

Posted: October 19, 2019 at 4:08 pm   /   Oil & Gas

Heads of global oil companies stressed on Tuesday that the Egyptian oil sector has become a friendly-investment environment thanks to the government’s legislative reforms and recent oil discoveries in Egypt. Their remarks came during the Mediterranean Offshore Conference (MOC), held in Egypt’s Alexandria, Egyptian state-run MENA news agency reported. Executive VP Upstream JVs at the […]

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Shell

Shell aims to start operating Egypt concessions in second half of 2020

Posted: October 19, 2019 at 4:04 pm   /   Oil & Gas

Royal Dutch Shell is aiming to start operating in its concession areas in Egypt in the second half of 2020, a senior executive said. Shell won three oil and two gas concessions in Egypt in February. Eni, BP and Exxon Mobil also won some of a total of 12 tenders as Egypt looks to sustain […]

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BP

BP invests $35 billion in Egypt, Eni eyes drilling 20 exploration wells

Posted: October 19, 2019 at 3:59 pm   /   Oil & Gas

BP aims to develop Qattameya natural gas field: Officials of several major oil and gas firms have revealed their plans for investing in the Egyptian market during the tenth Mediterranean Offshore Conference and Exhibition (MOC) on Tuesday. British Petroleum Total investments of British Petroleum (BP) in Egypt have exceeded $35 billion, with plans to expand […]

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Neptune acquires Edison’s North Sea assets from Energean in $250m deal

Posted: October 14, 2019 at 3:38 pm   /   Oil & Gas

UK operator inks conditional deal worth up to $280m for non-core E&P holdings with Energean. Energean to hive off Italian group’s Norwegian and UK projects once its purchase completed. Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for […]

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