Newsletter subscribe
Tag: Upstream
Neptune

Neptune Energy digitalises drilling & wells with Halliburton Cloud Apps

Posted: October 13, 2020 at 7:24 pm   /   Oil & Gas

Neptune Energy announced it will adopt Halliburton’s DecisionSpace 365 well construction suite of cloud applications to consolidate all global drilling and wells activities, improve efficiency and significantly reduce non-productive time, leading to potential annual savings of more than $20 million. The three-year agreement – part of Neptune’s digital subsurface programme – will create a platform […]

No Comments read more
Petrofac

Petrofac announces Executive Management and Board changes

Posted: October 13, 2020 at 6:59 pm   /   Oil & Gas

Petrofac Limited announced that Ayman Asfari has decided to retire as Group Chief Executive at the end of the year to focus on his family, health and charitable interests. Sami Iskander will join as Deputy Chief Executive on 1 November 2020 and, following a short transition period, will assume the role of Group Chief Executive […]

No Comments read more
shell

Carlyle, Cairn-backed group, Dragon Oil in running to acquire Shell Egypt onshore assets

Posted: July 16, 2020 at 2:47 pm   /   Oil & Gas

Private equity firm Carlyle Group and a consortium backed by Cairn Energy are in the running to acquire Shell’s onshore assets in Egypt, Reuters reports, citing two sources with knowledge of the matter. Previous reports had indicated that Cairn Energy was part of a consortium that initially included Cheiron and Pharos Energy, until Pharos withdrew […]

No Comments read more
Siemens

Siemens: Digital scale-up can keep oil and gas fields running, even remotely

Posted: July 6, 2020 at 12:43 pm   /   Oil & Gas

By Denis Voloder; Senior Executive Vice President, Head of Oil & Gas Onshore Solutions at Siemens. For the upstream oil and gas industry, the past couple of months have been significantly challenging. Through greater adoption of the digital platforms and applications, producers will have a better chance of surviving the current challenges and enable the […]

No Comments read more
Eni-CEO

Eni in major overhaul as it shifts toward renewable energy

Posted: June 9, 2020 at 11:55 am   /   Oil & Gas, Renewables

The company will create two business units with one focused on oil and gas called “Natural Resources” and the second new unit which will focus mainly on renewable energy named “Energy Evolution”. Eni’s current head of upstream Alessandro Puliti will lead “Natural Resources” while the company’s Chief Financial officer Massimo Mondazzi will take over as […]

No Comments read more
Offshore Wind

Rystad Energy: Offshore wind to match upstream oil & gas in Europe in 2021, surpass it in 2022

Posted: June 9, 2020 at 11:44 am   /   Renewables

The oil market collapse caused by the Covid-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector on a continued downwards trajectory through 2022. In light of the postponement of multiple final investment decisions (FIDs) on projects and lower investments in offshore oil and […]

No Comments read more
Dana Gas

Dana Gas to demerge its Upstream and Midstream businesses

Posted: April 25, 2020 at 2:18 pm   /   Oil & Gas

Shareholders of Dana Gas, the Middle East’s largest regional private sector natural gas company, at the Annual General Meeting gave approval for the demerger of the Company’s Upstream and Midstream businesses. Shareholders also approved the Board of Director’s recommendation to distribute an AED 5.5 fils per cash dividend for the financial year ended 31 December […]

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
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
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