Apache moves toward revamp of its contracts in Egypt’s Western Desert
APA Corp. reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corp. in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate most of the concessions in the Western Desert of Egypt operated by APA Corp. […]
Wintershall Dea’s Q1 2021 Results: Record production, strong financial performance
Wintershall Dea, Europe’s leading independent gas and oil company, today reported its first quarter 2021 results. Mario Mehren, Wintershall Dea Chairman & CEO, commented: “We entered 2021 with a great deal of operating momentum, allowing us to deliver record production of 659 mboe/d in the first quarter. This strong operational performance combined with a more […]
Sale talks over Dana Gas’ Egypt assets to IPR Wastani break down
UAE’s Dana Gas walks back on plans to offload Egypt assets: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its Egypt-based onshore oil and gas assets after failing to reach an agreement on certain conditions with would-be buyer IPR Wastani Petroleum, Dana said in a statement. Dana and Wastani, which had both […]
Eni reportedly considering to spin-off West Africa, Middle East assets
Spinning off operations into new joint ventures could help reduce debt and give capital for funding energy transition plans. Italian energy company Eni is reportedly mulling the separation of its oil and gas businesses in West Africa and the Middle East in a move to cut down its debt. The company will look to spin […]
Energean plc announces its 2020 Financial and Operating Results
Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce its audited full-year results for the year ended 31 December 2020 (“FY 2020”). Despite the challenges of 2020, Energean was able to report extraordinary achievements that are going to reinforce the company’s position and open new expansion […]
Artificial Intelligence helps Wintershall Dea Exploration developed with IBM
Company rolls-out Exploration Advisory Tool, a cognitive search engine jointly developed with IBM. Tool speeds up, improves exploration process. Part of Wintershall Dea’s wider investment in digital transformation. Europe’s leading independent gas and oil company Wintershall Dea will strengthen its exploration processes with the roll-out of an artificial intelligence search engine. The Exploration Advisory Tool, […]
Abu Qir AQP extends partnership with GoClean, now recycles 100% of paper, plastic waste
Abu Qir Petroleum extends its collaboration with GoClean, and now recycles 100% of paper, cartons and plastic both onshore and offshore. Abu Qir Petroleum (AQP) Chairman Eng. Abd Elmoez Lila and Energean AQP MD Eng. Aldo Costantini are proud to enhance the current company recycling capacity as an effective plan to help the environment. More […]
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 […]
Exclusive Interview with David Danesi, Turboden Technical Proposal Leader, O&G-Combined Cycle
What is the Dahshour GASCO project and what is Turboden’s involvement in it? Gasco (Egyptian Natural Gas Holding Company) owns and operates a large natural gas compression station on the outskirts of the small town of Dahshour which lies just south of Cairo. The goal of the compression station is to pump natural gas extracted […]
SDX Energy extends Egypt’s West Gharib PSA for ten years to 2031
AIM-listed SDX Energy, the MENA-focused oil and gas company, has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031. Mark Reid, CEO of SDX, commented: ‘We are very pleased to have secured […]
