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Tag: Investment
Wataneya

Abu Dhabi’s Sovereign Wealth Fund joins Adnoc in Wataniya bid

Posted: April 7, 2021 at 12:39 pm   /   Oil & Gas

Abu Dhabi’s sovereign wealth fund ADQ is joining forces with Abu Dhabi National Oil Company (Adnoc) in its takeover bid for military owned Wataniya Petroleum, with the aim of making a stronger offer for the company, the local press reports, citing unnamed sources. Adnoc was reportedly in the process of appointing advisors last month, and […]

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Karim Badawi

Schlumberger: Accelerating Energy Discovery and Investment Growth in Egypt

Posted: March 27, 2021 at 12:11 pm   /   Oil & Gas

Discussion about an innovative national project for the digitalization of Egypt’s subsurface information The Egyptian government has a strategic plan for modernizing its petroleum sector. For several years, the country has been working toward becoming more agile, integrated, and efficient while laying the groundwork to become a strategic energy hub for the region. To this […]

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Wataneya

Franchisers added to list of potential buyers for Wataniya Petroleum

Posted: February 24, 2021 at 1:53 pm   /   Oil & Gas

Franchisers are now on the list of potential buyers for 80-90% of military-owned Wataniya Petroleum, Sovereign Fund of Egypt (SFE) CEO Ayman Soliman told Reuters. The inclusion of franchising as a potential model for the sale came after the fund saw that some markets, including Europe, follow that model. The SFE, which is managing the […]

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EUG

Ministry of Petroleum, Schlumberger launch Egypt Upstream Gateway

Posted: February 18, 2021 at 12:20 pm   /   Oil & Gas

Innovative national digitalization project to promote Egypt’s exploration and production potential worldwide The Egyptian Ministry of Petroleum and Schlumberger announced today the launch of the Egypt Upstream Gateway, an innovative national project for the digitalization of subsurface information. This digital platform will also enable global access to the country’s subsurface data, which is kept evergreen […]

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exxon-mobil-chevron-ceos-discussed-merger-reports

Hart Energy: ExxonMobil, Chevron CEOs reportedly discussed a merger last year

Posted: February 1, 2021 at 1:36 pm   /   Oil & Gas

If true, the combination of Exxon Mobil and Chevron would form the world’s second largest oil company by market cap and production, second in both measures to Saudi Aramco. The CEOs of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two U.S.-based oil giants, the Wall Street Journal reported Jan. 31 […]

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DNVGL Report Cover

DNV GL: Oil & Gas industry doubles on transformational green investments

Posted: January 29, 2021 at 2:19 pm   /   Oil & Gas

Oil and gas industry doubles down on transformational green investments, despite crash in confidence – New research A record two-thirds (66%) of senior oil and gas professionals report that their organization is actively adapting to a less carbon-intensive energy mix in 2021, up from just 44% in 2018. Some 57% plan to increase investment in […]

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TechnipFMC

TechnipFMC awarded Egypt Subsea Tieback Contract by Energean

Posted: January 23, 2021 at 8:11 pm   /   Oil & Gas

Having taken the final investment decision on the North El Amirya and North Idku (NEA/NI) concession tieback project offshore Egypt, Energean plc reported Thursday that it has awarded the project’s engineering, procurement, installation and commissioning (EPIC) contract to TechnipFMC. Two discovered and appraised gas fields – Yazzi and Python – are located in the NEA […]

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wataniya

Wataniya Petroleum upcoming sale attracts more attention from GCC companies

Posted: January 13, 2021 at 10:57 am   /   Oil & Gas

The upcoming sale of military-owned Wataniya Petroleum is attracting more attention from GCC oil and gas companies, the local press reports, citing unnamed sources familiar with the negotiations. State-owned Emirates National Oil Company (ENOC) and Saudi Aldrees Petroleum and Transport Services Co. are reportedly interested in vying with Abu Dhabi National Oil Company (ADNOC) and […]

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TAQA

TAQA Arabia to build 180 natgas filling stations with EGP 3.6 bn investment

Posted: January 10, 2021 at 11:41 am   /   Oil & Gas

TAQA Arabia will invest EGP 3.6 bn to build 180 natgas filling stations between now and 2023, Executive Chairman Khaled Abu Bakr told Kelma Akhira’s Lamees El Hadidi last night. Qalaa Holdings’ energy distributor was announced last week as a private sector partner that will help expand the country’s network of natgas stations as more […]

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offshore

Egypt signs Oil & Gas Exploration Agreements worth $1 billion

Posted: January 3, 2021 at 12:55 pm   /   Oil & Gas

Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]

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