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Tag: Pharos Energy
Pharos

Pharos Energy announces trading and Egypt operations update

Posted: July 9, 2020 at 2:53 pm   /   Oil & Gas

Pharos Energy plc, an independent oil and gas exploration and production company, issues the following Trading and Operations update in advance of the Company’s half-year results on 19 August 2020. The information contained herein has not been audited and may be subject to further review and amendment. Summary Rapid and responsible response to COVID -19 […]

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pharos

Pharos Energy exits group looking to acquire Shell’s Western Desert assets

Posted: April 21, 2020 at 2:11 pm   /   Oil & Gas

On 6 March 2020, Pharos Energy confirmed that it was in the preliminary stages of evaluating the acquisition, as part of a consortium, of Shell Egypt’s upstream portfolio in the Western Desert in Egypt (‘Western Desert Assets’). The Board of Pharos evaluates M&A opportunities with reference to strict strategic, financial and operational criteria. In light […]

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Shell

Cheiron, Cairn, Pharos advance in deal for Shell Egypt onshore assets

Posted: April 13, 2020 at 2:21 pm   /   Oil & Gas

Egypt’s East Gas also among companies in second round of bids.  Planned sale is progressing despite the coronavirus pandemic . Cheiron consortium moves to second round of bidding for Shell Egypt onshore assets: A consortium of Cheiron, Pharos Energy and Cairn Energy has moved to a second round of bidding to acquire Shell’s onshore assets in […]

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oil price

Pharos, TransGlobe slash spending in response to oil market volatility

Posted: March 14, 2020 at 9:39 pm   /   Oil & Gas

Energy companies in Egypt are adapting to the new realities in the oil markets: The collapse in oil prices is forcing energy companies in Egypt onto the defensive: Energy companies operating in Egypt, including Pharos Energy and TransGlobe Energy, are responding to oil market volatility by slashing spending and adjusting production metrics in 2020, Energy […]

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pharos

Pharos Energy confirms its interest in Shell’s Egypt upstream assets

Posted: March 8, 2020 at 1:52 pm   /   Oil & Gas

London-listed junior confirms it is in the ‘preliminary stage of its evaluation’ as part of consortium. London-listed junior Pharos Energy has confirmed it is eyeing Shell’s upstream portfolio in the Western Desert in Egypt, which was recently put for sale. Pharos Energy has confirmed its interest in purchasing Shell’s onshore oil and gas assets in […]

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shell

Apache, Cheiron, Pharos are bidding for Shell’s Egypt onshore assets – Reuters

Posted: February 27, 2020 at 1:49 pm   /   Oil & Gas

Apache Corp, Pharos Energy among bidders for Shell’s Egypt onshore assets: sources. Royal Dutch Shell’s onshore Egyptian oil and gas assets have drawn interest from American, Egyptian, Asian and Middle East bidders, two sources familiar with the matter told Reuters. Shell launched a process at the end of November to sell its onshore upstream assets […]

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Pharos

Pharos Energy announces trading and Egypt operations update

Posted: January 8, 2020 at 1:26 pm   /   Oil & Gas

Pharos Energy has issued a trading and operations update to summarise recent operational activities and to provide trading guidance in respect of the financial year to 31 December 2019. This is in advance of the Company’s Preliminary results due to be announced on 11 March 2020. The information contained herein has not been audited and […]

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