Newsletter subscribe
Tag: Oil & Gas

Wintershall Dea Q2 2023: progress against diversification and decarbonisation strategy

Posted: August 3, 2023 at 10:49 pm   /   Oil & Gas

In a media roundtable today, Wintershall Dea CEO Mario Mehren reported the company’s operational and financial results from the second quarter.   The company reported stable production at 322,000 barrels of oil equivalent per day in Q2 2023, up three per cent year-on-year. EBITDAX was at 975 million euros, 24 per cent lower year-on-year, reflecting […]

No Comments read more

Eni to acquire Neptune Energy, with Norway assets going to Var, in $4.9bn deal

Posted: June 23, 2023 at 3:49 pm   /   Oil & Gas

Italian supermajor Eni’s takeover of Neptune Energy – a deal that has been rumoured for months – has officially been confirmed. A sale and purchase agreement has been formally agreed between the two groups, with Eni-owned Var Energi simultaneously signing a deal for Neptune’s Norwegian assets. The combined value of both transactions is $4.9 billion, subject to […]

No Comments read more

Italian oil major Eni resumes talks to acquire Neptune Energy

Posted: June 8, 2023 at 10:36 am   /   Oil & Gas

The Italian major first approached Neptune looking for a buyout in December last year. Italian oil major Eni has resumed talks to acquire independent producer Neptune Energy, after a first round of discussions over a potential takeover last year, Reuters reported. A new round of conversations reportedly started between the two companies in recent weeks, […]

No Comments read more
IPR

IPR Energy Discovers Oil in North Beni Suef Concession, Western Desert, Egypt

Posted: May 15, 2023 at 2:11 pm   /   Oil & Gas

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 […]

No Comments read more
neptune

Neptune Energy updates Egypt, North Sea, Indonesia drilling schedule

Posted: May 15, 2023 at 2:05 pm   /   Oil & Gas

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 […]

No Comments read more
ExxonMobil Egypt

ExxonMobil Egypt enriches experience of over 650 students at EGYPS 2023

Posted: February 23, 2023 at 8:33 pm   /   Oil & Gas

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 […]

No Comments read more

Teledyne FLIR launches compact thermal camera for use in hot working zones

Posted: February 11, 2023 at 2:14 pm   /   Oil & Gas

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 […]

No Comments read more

WEG to exhibit at Egypt Petroleum Show EGYPS 2023

Posted: January 29, 2023 at 10:34 am   /   Oil & Gas

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 […]

No Comments read more

Egypt launches new bid round for oil & gas exploration in Mediterranean, Nile Delta

Posted: December 27, 2022 at 12:41 pm   /   Oil & Gas

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, […]

No Comments read more
eni

Eni reported to be in preliminary talks to buy Neptune Energy for $5-6 billion

Posted: December 3, 2022 at 12:12 pm   /   Oil & Gas

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. […]

No Comments read more