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 […]
PAS adds sixth Leonardo helicopter for offshore operations in Egypt
Petroleum Air Services (PAS) adds sixth Leonardo AW139 helicopter for offshore transport operations in Egypt. Italian helicopter supplier Leonardo has informed that Petroleum Air Services of Egypt will add a sixth AW139 intermediate twin helicopter to its fleet by year-end. The aircraft will be used to perform offshore transport operations in Egypt. Petroleum Air Services […]
Rystad Energy: Supermajors’ global asset sales could reach $27 billion
The supermajors are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment. These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added benefit of pleasing shareholders who are calling for stricter capital discipline. Ranjan […]
Shell appoints Citi for $1 billion sale of Egypt Western Desert assets
Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. The sale process is expected to be officially launched at the end of November, the sources said. Shell said last month it plans […]
Eni CEO doesn’t rule out interest in Dana Gas Egypt assets, but not a priority
Eni’s chief executive does not rule out a possible interest for the Egyptian assets of Dana Gas but says any potential bid is unlikely since the Italian major already has a lot of resources in the area. Earlier this year United Arab Emirates’ Dana Gas hired an adviser for the possible sale of its assets […]
LOC awarded two-year offshore inspection contract by BP Egypt
LOC awarded Marine Assurance and Inspection contract with BP Egypt: LOC is pleased to announce that it has become the third-party provider for marine assurance & inspection with BP Egypt, one of the largest multinational oil and gas company. LOC Egypt has been awarded a two-year marine assurance and inspection contract by BP Egypt. This […]
GlobalData: EGPC saw highest number of oil & gas discoveries in Q3 2019
The Egyptian General Petroleum Corporation (EGPC) led globally among companies in Q3 2019 with the highest number of oil and gas discoveries, according to data and analysis company GlobalData. The company’s latest report, ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in Quarter’, reveals […]
Shearwater GeoServices awarded 3D survey in Eastern Mediterranean
Shearwater GeoServices Holding AS (“Shearwater”) has been awarded a 3D seismic survey in the Eastern Mediterranean. The one-month survey will be executed in Q4 2019. “Shearwater has a long track record in the region, and we are pleased to return for this survey”, said Irene Waage Basili, the CEO of Shearwater GeoServices. “Our high-capacity seismic […]
