Mohamed Mounes joins Neptune Energy as Egypt Managing Director
Neptune Energy today announced Mohamed Mounes Shahat will join the company in December to take on the role of Egypt Managing Director, based in Cairo. Mounes joins Neptune from Egypt’s Ministry of Petroleum, having most recently held the position of Minister’s Advisor for Gas Affairs. With almost 40 years’ experience, Mounes has a strong technical […]
“It can’t just be business as usual” Mario Mehren, Wintershall Dea CEO
Wintershall Dea shoots for net zero emissions by 2030 German oil and gas producer pledges to cut scope 1 and 2 emissions by end of the decade German independent oil and gas company Wintershall Dea has set targets to become a net zero carbon oil and gas producer by 2030. Wintershall Dea made the announcement […]
Wintershall Dea sets climate targets: Net Zero Emissions by 2030
Net zero upstream activities by 2030. Methane intensity of total gas production to be reduced to 0.1 per cent by 2025. Around €400 million investment in energy efficiency, strict emissions management, technology development, portfolio optimization and nature-based mitigation solutions in the next ten years. The world is facing a major challenge: A growing global population and […]
Wintershall Dea announces its Q3 2020 Results: Building operational, strategic momentum
Wintershall Dea, Europe’s leading independent gas and oil company, today reported its third quarter 2020 results. Mario Mehren, Wintershall Dea Chairman & CEO, says: “While our immediate focus has been on managing the impact of the pandemic, we have continued to deliver on our strategic goals. Ensuring that we continue to supply the energy the […]
DNV GL issues recommended practice on oil & gas digital twins
DNV GL has published a recommended practice (RP) to the oil and gas industry on digital twins. DNVGL-RP-A204: Qualification and assurance of digital twins, provides advice on assessing whether a digital twin will deliver to expectations from start of a project; gaining confidence in the data and computational models that a digital twin runs on; […]
Saudi Aramco signs long-term contractor agreement with Enppi
Aramco awards major Long-Term Agreements to eight companies for its oil and gas brownfield projects Eight companies have been awarded Long-Term Agreements (LTAs). These agreements are for a six-year base period and extendable for an additional six years. The LTAs will significantly support growth in the local business community and help develop strong and sustainable […]
Egypt’s Cabinet approves three E&P Agreements with Eni, BP, Enpedco
Three bills that authorize the Oil Ministry to sign oil exploration contracts earned cabinet signoff. IEOC, Eni’s joint venture with the EGPC, and Russian firm Lukoil will explore and develop the Meleiha concession in the Western Desert, while a second contract between the EGPC and BP for the South Ghareb Offshore concession in the Gulf […]
Dana Gas sells its Egypt Onshore Producing Assets to IPR Energy
IPR Energy Group Announces Acquisition of Dana Gas, Nile Delta, Egypt, Assets IPR Energy Group (“IPR”) announced that it has agreed to acquire Dana Gas Egypt onshore Nile Delta assets, transforming IPR into one of Egypt’s leading local independent oil & gas companies. The transaction is subject to customary regulatory approvals and is expected to […]
President Sisi urges Italy’s Eni to expand its Egypt exploration activities
Egypt’s president Abdel Fattah El-Sisi met with a delegation from the oil company Eni in Cairo on Monday, 12 October 2020. The president has ordered the petroleum ministry to promote cooperation with the Italian oil company and overcome any obstacles in this regard. Egypt’s President Abdel-Fattah El-Sisi has expressed hope for the expansion of activities […]
Neptune Energy digitalises drilling & wells with Halliburton Cloud Apps
Neptune Energy announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities, improve efficiency and significantly reduce non-productive time, leading to potential annual savings of more than $20 million. The three-year agreement – part of Neptune’s digital subsurface programme – will create a platform […]
