Abu Dhabi’s Sovereign Wealth Fund joins Adnoc in Wataniya bid
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 […]
Schlumberger: Accelerating Energy Discovery and Investment Growth in Egypt
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 […]
Franchisers added to list of potential buyers for Wataniya Petroleum
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 […]
Ministry of Petroleum, Schlumberger launch Egypt Upstream Gateway
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 […]
Hart Energy: ExxonMobil, Chevron CEOs reportedly discussed a merger last year
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 […]
DNV GL: Oil & Gas industry doubles on transformational green investments
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 […]
TechnipFMC awarded Egypt Subsea Tieback Contract by Energean
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 […]
Wataniya Petroleum upcoming sale attracts more attention from GCC companies
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 […]
TAQA Arabia to build 180 natgas filling stations with EGP 3.6 bn investment
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 […]
Egypt signs Oil & Gas Exploration Agreements worth $1 billion
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 […]
