IPR Energy Discovers Oil in North Beni Suef Concession, Western Desert, Egypt
Texas-based IPR Energy Group (“IPR”) announced the discovery of oil in its exploration concession North Beni Suef (NBS), where it operates the 5,060 km2 concession, located in Upper Egypt near Beni Suef. The first exploration well, NBS-1X, was drilled to a depth of 8,185 ft MD after a successful drilling campaign with a 1,500 hp […]
Neptune Energy updates Egypt, North Sea, Indonesia drilling schedule
Neptune Energy expects the Gudrun Field electrification project in the Norwegian North Sea to start up in the fourth quarter, the company said in its latest results statement. The Statoil-operated platform will receive power from shore via a connection to facilities serving fields in the Utsira High area. Later this year Neptune plans to drill […]
ExxonMobil Egypt enriches experience of over 650 students at EGYPS 2023
Aiming to fulfill its leading role in support of oil and gas sector; ExxonMobil Egypt enriches experience of over 650 students during “EGYPS 2023” Conference. ExxonMobil Egypt participated in the sixth edition of the Egypt Petroleum Show “EGYPS 2023”, bringing together global expertise to share pioneering upstream experiences that help support and develop the sector […]
Teledyne FLIR launches compact thermal camera for use in hot working zones
Teledyne FLIR has announced the launch of the FLIR Cx5, a new pocket-portable thermal camera for condition monitoring in hazardous environments. The FLIR Cx5 has a rugged ATEX-compliant case, which allows users of this camera to safely monitor electrical or mechanical assets in hot working zones. Potentially explosive environments, such as oil and gas plants […]
WEG to exhibit at Egypt Petroleum Show EGYPS 2023
Global motor and drive manufacturer, WEG will exhibit at the Egypt Petroleum Show (EGYPS) held at the Egypt International Exhibition Centre on 13 to 15 February, 2023. Exhibiting from stand 1F48, WEG will demonstrate its range of drives, soft starters and motors, including hazardous area motors. As WEG’s first ever trade exhibition in Egypt, WEG […]
Egypt launches new bid round for oil & gas exploration in Mediterranean, Nile Delta
Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea, the state news agency reported on Tuesday. The tender was set for 12 blocks, split evenly between onshore and offshore, and the deadline for offers in the bid round was set for April 30, 2023, […]
Eni reported to be in preliminary talks to buy Neptune Energy for $5-6 billion
Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. […]
Special Media Call and Q3 Results: Wintershall Dea strengthens international portfolio; CEO Mehren: “Security of supply requires security of demand”
In a media call today, Wintershall Dea CEO Mario Mehren calls for more investment in the expansion of the energy industry. That includes more investment in global gas and oil production, as fossil fuels will continue to be needed in the longer term. “Importers need to be able to conclude long-term supply contracts again. This […]
Shearwater, WesternGeco sign Global Agreement for Seismic Acquisition Services
Shearwater GeoServices and WesternGeco sign Global Agreement for Seismic Acquisition Services and announce Australia survey award. Shearwater Provides Order Intake Update. Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce a multi-year Global Agreement for the purchase of geophysical data acquisition services by WesternGeco, and the award of a survey in Australia under the new […]
Petronas Exploring $3 Billion African Upstream Asset Sale
Petronas could sell its Egyptian upstream assets as it looks to offload part of its African portfolio: Malaysian oil firm Petroliam Nasional Berhad (Petronas) is inviting bids for its upstream assets in Africa — including its local concessions — in a transaction that could be worth up to USD 3 bn, Bloomberg reports, citing sources it says has knowledge of the […]
