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Tag: Upstream
IPR

IPR Wastani taking Dana Gas to arbitration over cancelled Egypt deal

Posted: April 28, 2021 at 9:20 pm   /   Oil & Gas

IPR Wastani seeks arbitration for cancelled sale of Dana Gas’ Egypt assets: IPR Wastani Petroleum is filing for arbitration after the UAE’s Dana Gas called off the sale of its oil and gas assets in Egypt to the Texas-based IPR Energy Group member, Dana Gas said in a statement cited by Reuters. The request for […]

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Wintershall Dea

Wintershall Dea’s Q1 2021 Results: Record production, strong financial performance

Posted: April 27, 2021 at 10:57 pm   /   Oil & Gas

Wintershall Dea, Europe’s leading independent gas and oil company, today reported its first quarter 2021 results. Mario Mehren, Wintershall Dea Chairman & CEO, commented: “We entered 2021 with a great deal of operating momentum, allowing us to deliver record production of 659 mboe/d in the first quarter. This strong operational performance combined with a more […]

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Dana Gas

Sale talks over Dana Gas’ Egypt assets to IPR Wastani break down

Posted: April 26, 2021 at 11:35 am   /   Oil & Gas

UAE’s Dana Gas walks back on plans to offload Egypt assets: Abu Dhabi-listed energy producer Dana Gas has canceled plans to sell its Egypt-based onshore oil and gas assets after failing to reach an agreement on certain conditions with would-be buyer IPR Wastani Petroleum, Dana said in a statement. Dana and Wastani, which had both […]

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Eni

Eni reportedly considering to spin-off West Africa, Middle East assets

Posted: April 24, 2021 at 3:32 pm   /   Oil & Gas

Spinning off operations into new joint ventures could help reduce debt and give capital for funding energy transition plans. Italian energy company Eni is reportedly mulling the separation of its oil and gas businesses in West Africa and the Middle East in a move to cut down its debt. The company will look to spin […]

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Shell WD Assets

Shell agrees to sell Egypt onshore assets to Cheiron, Cairn for $926m

Posted: March 9, 2021 at 11:51 am   /   Oil & Gas

Shell Egypt RDSa.L has entered into an agreement to sell upstream assets in Egypt’s Western Desert to Cheiron Petroleum Corporation and Cairn Energy Plc for up to $926 million, the company said on Tuesday. The deal includes Shell Egypt’s stake in 13 onshore concessions and its share in the Badr El-Din Petroleum Company (BAPETCO). It […]

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mario mehren

Wintershall Dea APC: A challenging year. A strong performance.

Posted: February 27, 2021 at 7:16 pm   /   Oil & Gas

2020 was a challenging year. Wintershall Dea ended it with a strong operational dynamic in the fourth quarter and is well-positioned for the future. All the background information, reports and media about this year’s Annual Press Conference (APC) 2021. “2020 was undoubtedly a difficult year for everybody and I’m proud of the way that Wintershall […]

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Wintershall DEA

Wintershall Dea FY 2020: Strong performance despite difficult environment

Posted: February 24, 2021 at 4:45 pm   /   Oil & Gas

In a challenging market environment, Wintershall Dea ended the 2020 fiscal year with strong operational momentum in the fourth quarter. In the fourth quarter of 2020, Europe’s leading independent gas and oil company increased its production to more than 650,000 barrels of oil equivalent per day (boe/d) – the highest level so far since the […]

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Tarek El Molla

Egypt poised to launch new Oil & Gas Licensing Round – Upstream Online

Posted: February 10, 2021 at 2:25 pm   /   Oil & Gas

Offshore and onshore acreage set to go up for grabs in latest bid exercise: Egypt is expected to soon launch a new exploration bid round, offering additional onshore and offshore oil and gas tracts across the country. (Source: Upstream Online)

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ExxonMobil

ExxonMobil Egypt inks Star Offshore concession agreement with EGAS

Posted: January 6, 2021 at 3:20 pm   /   Oil & Gas

ExxonMobil Egypt signed a contract to acquire a concession of more than 4,000 square kilometers in the Stare marine are in the Arab republic, according to a January 4th emailed press release. The agreement was signed with the Egyptian Natural Gas Holding Company (EGAS), in cooperation with petroleum firm Tharwa. Under the deal, ExxonMobil will […]

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Mohamed Mounes Shahat

Mohamed Mounes joins Neptune Energy as Egypt Managing Director

Posted: November 24, 2020 at 12:34 pm   /   Oil & Gas

Neptune Energy today announced Mohamed Mounes Shahat will join the company in December to take on the role of Egypt Managing Director, based in Cairo. Mounes joins Neptune from Egypt’s Ministry of Petroleum, having most recently held the position of Minister’s Advisor for Gas Affairs. With almost 40 years’ experience, Mounes has a strong technical […]

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