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Tag: Petroceltic
Egypt Government

Egypt’s Cabinet approves dispute settlements with Petroceltic, Italgen

Posted: August 23, 2020 at 12:59 pm   /   Oil & Gas, Renewables

Cabinet okays settlements with Petroceltic, Italgen: The Madbouly government has approved agreements to resolve disputes with Italgen and Petroceltic. The first covers a dispute between EGPC and Petroceltic International, which sought international arbitration to recover over USD 30 million in overdue payments it claims it is owed by EGPC. The second settles the tiff between […]

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Edison delays deep-water drilling campaign in Egypt as it seeks partner

Posted: September 20, 2017 at 1:08 pm   /   Oil & Gas

Edison stalls on Egypt deep-water wells: Italian operator delays drilling of probes on two separate blocks where it has been hunting a partner. Italy’s Edison has put off a deep-water drilling campaign off Egypt by about a year. The company was planning to drill two wells on its wholly-owned North Thekah and North Port Fouad […]

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Rockhopper completes acquisition of Beach's production and exploration assets in Egypt

Posted: August 16, 2016 at 9:13 pm   /   Oil & Gas

AIM-listed Rockhopper Exploration has completed the acquisition of Beach Petroleum (Egypt) announced on 18 April 2016. Beach Egypt holds a 22% interest in the Abu Sennan concession and a 25% interest in the El Qa’a Plain concession. Highlights • Cash consideration for the Acquisition of US$11.9 million based on a cash effective date of 1 […]

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Petroceltic International provides examinership process update

Posted: May 12, 2016 at 1:19 pm   /   Oil & Gas

Petroceltic International Plc, the international Oil and Gas exploration development and production company, provides an update on the status of the petition for examinership of Petroceltic and two wholly owned subsidiary companies presented to the High Court of Ireland on 4 March 2016. On 4 March 2016 Sunny Hill Limited announced that Worldview EHS International […]

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Petroceltic shareholder Worldview fails attempted takeover

Posted: April 19, 2016 at 6:47 pm   /   Oil & Gas

On 24 March 2016, Sunny Hill Limited, a company wholly owned by the Worldview Economic Recovery Fund, made an all cash offer to acquire the entire issued and to be issued share capital of Petroceltic International plc, other than the Petroceltic Shares in the beneficial ownership or control of Worldview and/or any of the Worldview […]

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Bloomberg: HSBC said to take loss on Petroceltic loan as pain hits

Posted: March 23, 2016 at 12:34 pm   /   Oil & Gas

Banks said to sell Petroceltic loans for about 70% discount. European banks facing losses on loans to E&P energy companies. HSBC Holdings Plc is discovering the oil crash extends far beyond the deserts of the Gulf, the plains of west Texas and the shale fields of North Dakota. Even a small energy company in Dublin […]

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Petroceltic completes sale of Egyptian exploration interests to Edison

Posted: February 18, 2016 at 2:38 pm   /   Oil & Gas

Petroceltic International  plc, the oil and gas exploration, development and production company with licences in North Africa, the Mediterranean and Black Sea regions, today announces the completion of the  sale of  certain exploration licences in Egypt to its joint venture partner Edison International S.p.A. On 23 December, the Company announced that it had reached an […]

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Petroceltic to sell stakes in North Thekah, North Port Fouad & South Idku to Edison

Posted: December 25, 2015 at 6:07 pm   /   Oil & Gas

The Board of Petroceltic International plc, the oil and gas exploration, development and production company focused on the North Africa and the Mediterranean region, provided an operating and financial update, and announces that it has initiated a formal strategic review of the Company’s business and assets with a view to considering all options to maximise […]

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Petroceltic set to drill close to Eni's Zohr discovery

Posted: September 22, 2015 at 2:40 pm   /   Oil & Gas

Irish exploration firm, Petroceltic is expected to begin drilling next year at one of its prospects located close to the recent giant Zohr gas discovery by Eni off the coast of Egypt. The find has also widened interest in Petroceltic, which holds two licences, one awarded in 2013 and the other late last year, around […]

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