Newsletter subscribe
Tag: Shell
egypt-parliament

Egypt’s House of Representatives approves 12 Oil & Gas E&P Agreements

Posted: July 7, 2020 at 8:11 pm   /   Oil & Gas

The Egyptian oil minister, Tarek el Molla, has announced the signing of 12 agreements with international companies for the search for oil and gas in the Red Sea, in the Western Desert and in the exclusive economic zone (EEZ) in the eastern and western Mediterranean with investments up to to a billion dollars and signing […]

No Comments read more
Cabinet

Egypt’s Cabinet ratifies 12 oil & gas agreements worth over $1 billion

Posted: June 22, 2020 at 1:03 pm   /   Oil & Gas

Cabinet has ratified twelve oil and gas agreements the Oil Ministry signed with international companies in February, the ministry said in a statement. Companies including Royal Dutch Shell, Chevron, BP, Total, Noble Energy will invest upwards of USD 1 bn in concession areas in the Mediterranean, the Red Sea, and the Western Desert. The House […]

No Comments read more
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 […]

No Comments read more
Transocean-Discoverer-India

Burullus Gas Company cancels Egypt drillship contract with Transocean

Posted: April 17, 2020 at 8:31 pm   /   Oil & Gas

Transocean says Shell-led consortium to pay early termination fee for drillship deal, but sees other contracts extended: Transocean said that Burullus Gas Company has opted to terminate a rig contract for the drillship Discover India that was to be used off Egypt. Offshore drilling contractor Transocean has received a contract termination for a drillship operating […]

No Comments read more
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 […]

No Comments read more
Shell

Shell slashes capital expenditure, reduces operating costs

Posted: March 23, 2020 at 2:27 pm   /   Oil & Gas

Operator will take further strategic decisions as necessary due to coronavirus: Anglo-Dutch supermajor Shell is slashing operating costs, reducing planned capital expenditure by at least 20% this year alongside “material reductions in working capital” as the company strives to remain buoyant. Shell acts to reinforce business resilience and financial strength As the COVID-19 virus spreads […]

No Comments read more
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 […]

No Comments read more
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 […]

No Comments read more
WDDM

Shell to drill seven wells at Egypt’s WDDM Phase 9B, adding 236 bcf/d of gas

Posted: February 18, 2020 at 1:36 pm   /   Oil & Gas

The drilling of seven wells at West Delta Deep Marine (WDDM) phase 9B is set to produce initial reserves of 236 billion cubic feet of gas, a statement by the oil ministry said. Sabry El-Sharkawy, chairman of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company, said his company is working on connecting three other wells […]

No Comments read more
WestMed MEES

Egypt agrees with five majors on West Mediterranean exploration

Posted: February 16, 2020 at 2:09 pm   /   Oil & Gas

Egypt agrees with five energy firms on exploration in Mediterranean: minister. Egypt has reached initial agreements with five major energy firms to explore for oil and gas in deep waters in off its western coast on the Mediterranean, the petroleum minister said, the first such deals in that offshore region. The five companies are Royal […]

No Comments read more