WEG to exhibit at Egypt Petroleum Show EGYPS 2023
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 […]
Egypt launches new bid round for oil & gas exploration in Mediterranean, Nile Delta
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, […]
Eni reported to be in preliminary talks to buy Neptune Energy for $5-6 billion
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. […]
Special Media Call and Q3 Results: Wintershall Dea strengthens international portfolio; CEO Mehren: “Security of supply requires security of demand”
In a media call today, Wintershall Dea CEO Mario Mehren calls for more investment in the expansion of the energy industry. That includes more investment in global gas and oil production, as fossil fuels will continue to be needed in the longer term. “Importers need to be able to conclude long-term supply contracts again. This […]
Shearwater, WesternGeco sign Global Agreement for Seismic Acquisition Services
Shearwater GeoServices and WesternGeco sign Global Agreement for Seismic Acquisition Services and announce Australia survey award. Shearwater Provides Order Intake Update. Shearwater GeoServices Holding AS (“Shearwater”) is pleased to announce a multi-year Global Agreement for the purchase of geophysical data acquisition services by WesternGeco, and the award of a survey in Australia under the new […]
Petronas Exploring $3 Billion African Upstream Asset Sale
Petronas could sell its Egyptian upstream assets as it looks to offload part of its African portfolio: Malaysian oil firm Petroliam Nasional Berhad (Petronas) is inviting bids for its upstream assets in Africa — including its local concessions — in a transaction that could be worth up to USD 3 bn, Bloomberg reports, citing sources it says has knowledge of the […]
PETRONAS Retains Position as World’s Strongest Oil and Gas Brand
PETRONAS has maintained its position as the world’s strongest Oil and Gas (O&G) brand for the third consecutive year, according to Brand Finance’s 2022 annual report on the most valuable and strongest O&G brands. The company also remains among the top 10 most valuable O&G brands globally in 2022. PETRONAS’ rank has been attributed to […]
Hempel launches Hempafire XTR 100 for hydrocarbon passive fire protection of O&G downstream assets
After 10 years of continuous success in the passive fire protection (PFP) market with its cellulosic range of products, Hempel today launched its first product for the hydrocarbon PFP segment: Hempafire XTR 100. Providing UL 1709-certified hydrocarbon passive fire protection in a lightweight coating with low dry film thicknesses, Hempafire XTR 100 offers significant safety […]
10 Tips for Getting the Most Out of an Optical Gas Imaging (OGI) Camera
Introduction Optical Gas Imaging (OGI) cameras use spectral wavelength filtering and Stirling cooler cold-filtering technology to visualize the infrared absorption of gases such as methane (CH4) sulfur hexafluoride (SF6), carbon dioxide (CO2), and refrigerants. FLIR produces several camera models, each with a filter that matches the spectral absorption of the gas its meant to visualize. […]
Tullow Oil, Capricorn Energy agree to merge in all-share combination
Tullow Oil and Capricorn Energy PLC have agreed to merge in an all-share combination, Tullow Oil said in a June 1 announcement. The combine would result in a diversified pan-African upstream portfolio underpinned by low-cost producing assets, with a deep portfolio of incremental high-return investment opportunities in Ghana, Egypt, Gabon, and Côte d’Ivoire, Tullow said. […]
