Shell appoints Khaled Kassem as Egypt Chairman, Managing Director
Royal Dutch Shell has appointed Khaled Kassem to head its Egypt business, the company said on Sunday. Tunisian Kassem was named as chairman and managing director in Egypt, starting in May. He replaces Gasser Hanter. Kassem was previously head of Shell’s Tunisia business. (Source: Reuters)
Scimitar Production Egypt acquired by Dutch Inpector Capital BV
Inpector Capital BV acquired Scimitar Production Egypt Ltd., gaining a foothold in Egypt’s oil, gas and energy sectors. Inpector is well prepared to conduct long term projects, Corné Melissen, the company’s spokesman said, underlining his full confidence in the new management team of Scimitar. The company appointed Erik Vollebregt as Executive Chairman of Scimitar Production Egypt. […]
Egypt launches 2019 Bid Round for Red Sea Oil & Gas Exploration
The Ministry of Petroleum and Mineral Resources of Egypt (M.O.P) invite international qualified and interested companies having the technical and financial capabilities for an International Bid Round to explore and exploit oil and gas in offshore Egyptian Red Sea based on PRODUCTION SHARING AGREEMENT (P.S.A). South Valley Egyptian Petroleum Holding Company (Ganope) is the entity […]
Edison has four offers for the sale of its upstream division
Four offers are on the table for the upstream oil and gas assets of Edison from Cairn Energy, Energean, Neptune Energy and the group that will be formed from the merger of DEA and Wintershall, Il Sole 24 Ore said. (Source: Reuters)
Wintershall, DEA aim to close merger during first half of this year
Wintershall, DEA merger on track:Wintershall and DEA aim to close their merger during the first half of this year, creating what they claim will be Europe’s largest independent gas and oil producer. The new company will look to increase combined production (in 2017) of 575,000 boe/d by around 40% to 800,000 boe/d between 2021 and […]
EGAS, EGPC 2018 Bid Rounds results announced with 12 blocks awarded
Shell wins big in Egypt: Supermajor lands five blocks in latest bid round, while ExxonMobil makes debut. Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. […]
DEA awarded new exploration licence in the Nile Delta Onshore Egypt
German upstream company is back to exploration in Egypt! The Egyptian Natural Gas Holding Company (EGAS) has awarded one new licence to DEA in its 2018 Bid Round. The East Damanhour exploration block (originally offered as Block 10) is covering 1,418 square kilometres and is located west of the Disouq development leases, where DEA is […]
Carbon Holdings sponsors Egypt Petroleum Show EGYPS 2019
Chairman and CEO of Carbon Holdings, Basil El-Baz, will be attending the Egypt Petroleum Show (EGYPS) and will be a key note speaker discussing the petrochemical industry and Egypt’s economy. Carbon Holdings, a mid-to-downstream petrochemical company and catalyst of industrial development in Egypt, announced today that it will participate in and sponsor the 2019 Egypt […]
Neptune, DEA submit bids for Edison oil and gas assets – sources
Pair of companies looking to take over oil and gas assets from Italian player. Private equity-backed Neptune Energy and Germany’s DEA have submitted bids for the oil and gas assets in Egypt, Italy and elsewhere which EDF’s Italian unit Edison is selling, industry sources said on Friday. The offers are non-binding at this stage, one […]
El Molla at Rome MED 18: Italy is Europe’s energy gateway
Egyptian Petroleum Minister Tarek El Molla said on Friday at Med Dialogues in Rome that Italy is a country that Egypt wants to approach because it is “Europe’s energy gateway”. “At the start of this year we signed a memorandum of understanding on energy with the European Union that will make Egypt a considerable energy […]
