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Tag: Schlumberger

TGS, Schlumberger announce Red Sea multi-client 2D seismic survey offshore Egypt

Posted: December 21, 2017 at 2:26 pm   /   Oil & Gas

TGS-NOPEC Geophysical Company (TGS) and Schlumberger today announced a new 2D seismic project offshore Egypt. The project will comprise acquisition of a 10,000 km 2D long-offset broadband multi-client seismic survey. Advanced new acquisition and imaging techniques will provide better illumination of complex subsalt structures. The project will integrate all legacy seismic and non-seismic data. Acquisition […]

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TGS WesternGeco

WesternGeco, TGS win $720m geophysical data contract for Ganope areas in Egypt

Posted: July 11, 2017 at 1:43 pm   /   Oil & Gas

Contract will be signed in two weeks for land areas in Western Desert and Red Sea. WesternGeco Schlumberger and TGS have won contract for the collection of geophysical data in open land areas of Ganoub El-Wadi Petroleum Holding Company (Ganope) in the Western Desert and Red Sea. The two companies will collect the geophysical data […]

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GE seals Baker Hughes buyout deal, becomes no. 2 oilfield service provider

Posted: July 4, 2017 at 1:55 pm   /   Oil & Gas

General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock […]

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Ganope negotiating with five companies to collect geophysical data worth $1bn

Posted: February 21, 2017 at 12:57 pm   /   Oil & Gas

The list of companies in negotiations includes PGS, CGG, KGS, Schlumberger, and Nageco. Ganoub El-Wadi Petroleum Holding Company (Ganope) is negotiating with five companies on collecting geophysical data in open areas in the company’s business scope at a value of $1bn. Osama Farouk, vice chairperson for agreements and exploration at Ganope, said that the value […]

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Prime Minister witnessed signing ceremony of cooperation protocol with Schlumberger

Posted: December 6, 2016 at 2:19 pm   /   Oil & Gas

Within the framework of the state’s keenness to strengthen partnership with the private sector to promote the capacity of the young people and to increase their contributions to the achievement of the objectives of sustainable development, PM Eng. Sherif Ismail witnessed a ceremony for the signing of the Protocols to the cooperation between the Ministry […]

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BP builds position in one of Egypt's biggest gas fields

Posted: November 29, 2016 at 12:04 pm   /   Oil & Gas

BP buys into what one company said could be one of the largest gas fields in the world. British energy company BP said it was strengthening its position in the Egyptian oil and gas market by buying a minority stake in an offshore natural gas field. Subject to approval from the Egyptian government, BP said […]

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OneSubsea lands Zohr subsea production systems contract

Posted: June 21, 2016 at 4:16 pm   /   Oil & Gas

FasTrac program for strategic gas development in Mediterranean region. OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel). OneSubsea will supply the subsea production systems for the first stage of the Zohr gas field, located in the Shorouk Concession, offshore Egypt. […]

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OTC 2016: El-Molla holds intensive talks with International Companies

Posted: May 11, 2016 at 8:35 pm   /   Oil & Gas

On 6th may 2016, Eng. Tarek El-Molla, Minister of Petroleum and Mineral Resources, held various meetings with a number of Heads of international companies operating in Egypt. He discussed the development program of North Alexandria fields and Atoll field, with BP’s Chief Executive for research and production, the development program of North Alexandria fields and […]

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GE appoints Ayman Khattab as President & CEO for Egypt and highlights how GE’s transformation to a Digital Industrial Company can help support Egypt’s growing needs

Posted: April 14, 2016 at 8:12 pm   /   Electricity & Power

• Ayman Khattab appointed as President & CEO for North East Africa, covering Egypt, Libya and South Sudan. • GE’s investments in Egypt reach $340 million highlighting its confidence in the Egyptian market. GE today announced the appointment of Ayman Khattab, an Egyptian national, as the President and Chief Executive Officer for Egypt, Libya and […]

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Schlumberger Completes Merger with Cameron

Posted: April 4, 2016 at 12:34 pm   /   Oil & Gas

Schlumberger Limited announced today it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for each Cameron share. Schlumberger has issued approximately 138 million shares pursuant to the merger. As a result, former Cameron […]

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