Dragon Oil completes acquisition of BP’s Gulf of Suez assets (GUPCO)
Emirates National Oil Company (ENOC) subsidiary Dragon Oil has wrapped up its acquisition of BP’s Gulf of Suez assets for USD 500 million, the Oil Ministry said in a statement. A conflicting report by Al Arabiya puts the transaction value at USD 850 million, although the source of the figure remains unclear. BP and Dragon […]
Saudi Minister of Energy to address thousands of attendees at IPTC 2020
His Royal Highness Prince Abdulaziz bin Salman Al Saud, Minister of Energy, Kingdom of Saudi Arabia will deliver a special keynote address at the 12th International Petroleum Technology Conference (IPTC). The event is set to take place from 13 to 15 January 2020 at the Dhahran EXPO in Dhahran, Kingdom of Saudi Arabia, under the […]
Egypt announces Red Sea Offshore Bid Round result, awards 3 blocks
Egypt’s Minister of Petroleum and Mineral Resources Tarek al-Molla announced on Sunday the results of the first international bid round for oil and gas exploration in the Red Sea, put up for bidding by the South Valley Egyptian Holding Company for Petroleum (Ganope) last March. The American Chevron Corporation won block one, while the Dutch […]
Egypt signs four Oil & Gas E&P Agreements worth $155 million
The Egyptian General Petroleum Company (EGPC) and Ganope have signed four oil and gas exploration and production agreements that will see companies invest at least USD 155 mn to develop concessions in the Gulf of Suez, Nile Valley, and the westert desert, according to an Oil Ministry statement. The agreements also include USD 10.5 mn-worth […]
New discovery in Egypt’s Western Desert to produce 7000 bopd, 10 mmcfd of gas
The Ministry of Petroleum and Mineral Resources on Thursday announced a new oil discovery in the Western Desert where an average of 7,000 barrels of crude oil and 10 million cubic feet of gas are envisaged to be produced on daily basis. The oil discovery, in the Western Desert’s Abu Sennan, an area near the […]
Egypt’s Investment Minister, Mubadala Petroleum CDO discuss opportunities
UAE encouraging companies to invest in Egypt – Mubadala CDO: The Emirati government is encouraging companies to increase their investments in the Egyptian oil and gas, renewable energy, and construction sectors, Mubadala Chief Development Officer Sheikh Mansour Al Hamed told Investment Minister Sahar Nasr during talks yesterday, according to a ministry statement. Mubadala’s Egyptian assets […]
Sustainable energy plan can put Egypt among Top Ten Economies – Forbes
SAP BrandVoice – A Sustainable Energy Plan Will Help Put Egypt Among The Top Ten Global Economies. The oil industry is not dying, but it must change. For Tarek El-Molla, Egypt’s Minister of Petroleum & Mineral Resources, the main goal is to align the industry to Egypt’s 2030 Vision for the sustainable development of the […]
IPTC Receives Patronage of HRH Prince Mohammed Bin Salman Bin Abdulaziz
The 12th edition of the flagship International Petroleum Technology Conference (IPTC) will be held 13–15 January 2020 at the Dhahran EXPO in Dhahran, Kingdom of Saudi Arabia, under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister and Minister of Defense, with Saudi Aramco serving as the […]
Red Sea Bid Round results to be announced this month – El Molla
The Oil Ministry will announce the winners of the Red Sea exploration and production bid round this month, Minister Tarek El Molla told Youm7. The tender comprises 10 oil and gas exploration blocks, and was launched by the South Valley Egyptian Petroleum Holding Company (Ganope) back in March. (Source: Enterprise.press)
Energean Oil and Gas makes pledge to net zero emissions by 2050
Energean first London listed E&P company to commit to the UN’s Global Compact campaign – “Business Ambition for 1.5°C: Our Only Future”; pledges to net zero emissions by 2050. Energean Oil and Gas plc, the oil and gas producer focused on the Mediterranean, is pleased to announce that it is supporting and is committed to […]
