Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements
The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]
Siemens: Digital scale-up can keep oil and gas fields running, even remotely
By Denis Voloder; Senior Executive Vice President, Head of Oil & Gas Onshore Solutions at Siemens. For the upstream oil and gas industry, the past couple of months have been significantly challenging. Through greater adoption of the digital platforms and applications, producers will have a better chance of surviving the current challenges and enable the […]
Energean plc announces revised terms of Edison E&P acquisition deal
Energean plc, the oil and gas producer focused on the Mediterranean, issues an update on its Edison E&P transaction and revised group guidance. Further to the announcement on 19 May 2020, Energean is pleased to announce that it has entered into further amended terms for its acquisition of Edison E&P following which, inter alia, the […]
Bilfinger signs Engineering Master Service Agreement with Petrojet in Egypt
Bilfinger Tebodin Middle East in Egypt signs an Engineering Master Service Agreement with PETROJET. Bilfinger strengthening its portfolio in growth market Egypt Strategic engineering framework agreement with project volume worth one million USD Bilfinger Tebodin Middle East in Egypt has signed an Engineering Master Service Agreement with PETROJET, a leading state-owned Oil & Gas integrated […]
Frontier LIVE to Showcase Somalia’s First Offshore Licensing Round
Frontier is pleased to announce that H.E Abdirashid Mohamed Ahmed, Minister of Petroleum & Mineral Resources of the Federal Republic of Somalia will join Frontier LIVE next week in a unique interactive session on this exciting, emerging play in East Africa; Somalia’s First Offshore Licensing Round. Seven blocks are on offer in the country’s offshore. The country offers a “highly prospective frontier […]
Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion
Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]
Parliament approves $50m EBRD loan for SOPC’s energy efficiency improvement
The House of Representatives has ratified an additional $50m financing agreement for the Suez Oil Processing Company’s (SOPC) Energy Efficiency Improvement Program. The agreement was signed between the Ministry of International Cooperation, acting on behalf of the Egyptian government, and the European Bank for Reconstruction and Development (EBRD). The agreement aims to raise energy efficiency […]
Eni in major overhaul as it shifts toward renewable energy
The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “Energy Evolution”. Eni’s current head of upstream Alessandro Puliti will lead “Natural Resources” while the company’s Chief Financial officer Massimo Mondazzi will take over as […]
Rystad Energy: Offshore wind to match upstream oil & gas in Europe in 2021, surpass it in 2022
The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022. In light of the postponement of multiple final investment decisions (FIDs) on projects and lower investments in offshore oil and […]
Acting CEO of Petroleum Agency SA to join South Africa’s O&G Future Webinar with Frontier LIVE
Frontier is delighted to announce that Ms Lindiwe Mekwe, the Acting Chief Executive Officer of Petroleum Agency SA will join the South Africa’s Oil & Gas Future Webinar with Frontier LIVE on Thursday, 4 June at 14:00 BST. Since 2013, Ms Mekwe, in her role as Acting Chief Executive Officer has provided strategic direction to […]
