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Tag: Exploration & Production
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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wintershall-nova-field-development

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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shell-moc

Shell announces participation in MOC 2019 as Platinum Sponsor

Posted: October 11, 2019 at 3:30 pm   /   Oil & Gas

Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]

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GAIA

WesternGeco, IHS Markit enter strategic collaboration on E&P data

Posted: September 17, 2019 at 11:19 am   /   Oil & Gas

WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions. The two companies will combined their data, technology and expertise on exploration and production (E&P) and make this available through the GAIA digital subsurface platform. WesternGeco launched GAIA to […]

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Dana Gas

Dana Gas considers multiple scenarios for sale of Egypt assets

Posted: September 15, 2019 at 1:20 pm   /   Oil & Gas

Dana Gas considers multiple scenarios for sale of Egypt assets, will decide in November: Dana Gas is considering offloading remaining arrears owed to it by the Egyptian state on to whoever ends up buying its Egyptian assets, CEO Patrick Allman-Ward told the UAE’s Al-Ittihad newspaper on Wednesday. Speaking on the sidelines of the World Energy […]

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Dana Gas

Dana Gas receives offers for its $500 million Egypt portfolio of assets

Posted: September 12, 2019 at 7:04 pm   /   Oil & Gas

The UAE’s Dana Gas has received offers from companies interested in buying its USD 500 million Egypt portfolio, the company’s head of investor relations Mohammed Mubaideen told Mubasher. The company could potentially sell all of its assets in Egypt, depending on the offers it receives, Mubaideen said, adding that the deadline to receive offers is […]

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Gupco

GUPCO plans to inject $1.2 billion investments in next two years

Posted: August 27, 2019 at 6:50 pm   /   Oil & Gas

Gulf of Suez Petroleum Company (GUPCO) plans to bring total investments in the fiscal years (FY) 2019/20 and 2020/21 up to $1.2bn to expand research, exploration, and development activities. The company aims to drill 13 new wells and carry out 12 repair operations, which will contribute to increasing production to targeted rates. Geologist Khaled Hamdan, […]

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KNOC

Korea National Oil Corporation looks to increase its investment in Egypt

Posted: August 22, 2019 at 11:46 am   /   Oil & Gas

Korea National Oil Corporation is looking to increase its investment in Egypt and raise crude production from 12k barrels per day currently, the Oil Ministry announced in a statement. CEO Su Yeong Yang said during a meeting with Oil Minister Tarek El Molla on Tuesday that the company is interested in bidding for new exploration […]

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