ADVantage to drill deepwater Nigma prospect offshore Egypt
ADES International Holding has won an order to drill its second deepwater well in the Egyptian sector of the Mediterranean Sea. ADVantage, the joint venture between ADES and Vantage Drilling International, will drill the Nigma-1 well for an unnamed IOC, using the drillship Tungsten Explorer. The program is set to last 73 days. The contract […]
Neptune acquires Edison’s North Sea assets from Energean in $250m deal
UK operator inks conditional deal worth up to $280m for non-core E&P holdings with Energean. Energean to hive off Italian group’s Norwegian and UK projects once its purchase completed. Neptune Energy has entered into a conditional sale and purchase agreement with Energean to acquire Edison E&P’s UK and Norwegian producing, development and exploration assets for […]
Wintershall Dea wins two offshore blocks in Brazil’s 16th bidding round
Wintershall Dea was awarded offshore blocks S-M-766 and C-M-845 in Santos and Campos basins. The company is further strengthening its exploration portfolio in Brazil. In Brazil’s 16th Bidding Round for oil and gas exploration blocks, Wintershall Dea was awarded two offshore blocks in the Santos and Campos basins with its partners Chevron and Repsol. Hugo […]
Shell announces participation in MOC 2019 as Platinum Sponsor
Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]
Schlumberger, Chevron, Microsoft launch AI platform for the oil field
Schlumberger, Chevron and Microsoft have launched a cloud-based artificial intelligence platform to improve a digital services in the oil field. The companies issued a joint statement from the SIS Global Forum in Monaco announcing the launch of DELFI, a cloud-based platform loaded with software for exploration, development, production, storage tanks and pipeline projects. “Never before […]
WesternGeco, IHS Markit enter strategic collaboration on E&P data
WesternGeco, the seismic and geophysical data solutions division of Schlumberger, has entered a strategic collaboration with IHS Markit, a global provider of information, analytics, and solutions. The two companies will combined their data, technology and expertise on exploration and production (E&P) and make this available through the GAIA digital subsurface platform. WesternGeco launched GAIA to […]
Egypt and United States of America Launch Strategic Energy Dialogue
Egyptian Minister of Petroleum and Mineral Resources Tarek El-Molla, Egyptian Minister of Electricity and Renewable Energy Mohamed Shaker and U.S. Deputy Secretary of Energy Dan Brouillette launched the U.S.-Egypt Strategic Energy Dialogue, which will facilitate closer government and private sector cooperation on energy between the United States and Egypt. The Strategic Energy Dialogue between the […]
Egypt’s Offshore Red Sea Oil & Gas exploration Bid Round closes today
The Red Sea oil and gas exploration tender ends today, with bids from major oil producers expected to be announced later. Shell, ExxonMobil, Statoil, Dragon Oil, Russian Rosneft and Total have all reportedly bidding for 10 oil and gas exploration blocks off the Red Sea coast under a new production sharing contract, which were tendered […]
El Molla talks investment in Egypt with Heads of UAE Oil Companies at WEC
Oil Minister Tarek El Molla met yesterday with Emirati Minister of State and CEO of the Abu Dhabi National Oil Company (ADNOC) Sultan Al Jaber to talk investing in Egypt’s oil and gas sector, according to a Ministry statement. El Molla also discussed the ongoing cooperation in airplane refueling in Egyptian airports with Emirates National […]
Apache JV Qarun Petroleum drilled 10 Western Desert exploration wells
Qarun Petroleum, a joint venture between Apache and the Egyptian General Petroleum Company, has drilled 10 exploratory wells in the Western Desert, producing a combined 5k bbl/d, the Oil Ministry said in a statement yesterday. This will account for 16% of the company’s total production. The company is now considering investing USD 237 million during […]
