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Tag: Upstream
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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spplatts-east-mediterranean

Infographic: East Med gas; monetization efforts pick up amid regional standoff – S&P Global Platts

Posted: March 8, 2020 at 1:38 pm   /   Oil & Gas

The East Mediterranean is home to numerous major gas finds, with key players seeking routes to market via gas pipeline pacts and establishment of the East Mediterranean Gas Forum (EMGF). Tensions in the region are increasing, however, as Turkey moves to drill in blocks licensed by Cyprus and the EU imposes sanctions against Turkey’s TPAO […]

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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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Exxonmobil

MEES: Stars align as ExxonMobil hikes up its commitment in Egypt

Posted: February 15, 2020 at 3:32 pm   /   Oil & Gas

Twelve months on from taking its first acreage in Egypt, US major ExxonMobil has now snapped up two more blocks in the country’s offshore Mediterranean. A year ago at the Egypt Petroleum Show (EGYPS) in Cairo oil minister Tarek El Molla proudly announced that US major ExxonMobil was finally entering Egypt. Since then, the firm […]

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Shell Western Desert

Shell Egypt has not yet closed door to offers for Western Desert assets

Posted: February 15, 2020 at 3:26 pm   /   Oil & Gas

Shell Egypt has not yet closed the door to offers for its Western Desert assets, which the company is currently looking to offload, Chairman Khaled Kassem tells Reuters. Kassem did not disclose which companies have expressed interest so far. Sources say that companies were required to submit their indicative proposals on Monday, and Shell will […]

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Shell

Shell starts receiving offers from IOCs to acquire its Egypt assets

Posted: February 4, 2020 at 4:04 pm   /   Oil & Gas

Dutch Shell has started to receive offers from international companies to buy its current assets from oil and natural gas concessions in the Western Desert in Egypt, and plans to finish the sale by the end of this year. A source in the petroleum sector told Daily News Egypt that the company evaluated its concession […]

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BP-MOP

El Molla meets with BP’s Bernard Looney to discuss gas projects

Posted: December 12, 2019 at 3:37 pm   /   Oil & Gas

Minister of Oil and Mineral Wealth Tarek el Molla conferred on Monday with the newly-appointed Chief Executive Officer of British Petroleum Company Bernard Looney and Chief Executive of Operations, Exploration and Research William Lane and Regional President of BP in North Africa and the Middle East Hisham Mekawy and BP Chairman in Egypt Karim Alaa.  […]

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Shell

Shell appoints Citi for $1 billion sale of Egypt Western Desert assets

Posted: November 17, 2019 at 12:55 am   /   Oil & Gas

Royal Dutch Shell has appointed investment bank Citi to run the sale of its onshore Egyptian oil and gas assets which could fetch around $1 billion, sources close to the process said. The sale process is expected to be officially launched at the end of November, the sources said. Shell said last month it plans […]

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Shell

Shell Egypt to sell its onshore Western Desert upstream assets

Posted: October 20, 2019 at 3:59 pm   /   Oil & Gas

SHELL EGYPT TO MARKET ITS CURRENT ONSHORE UPSTREAM ASSETS IN THE WESTERN DESERT TO FOCUS ON OFFSHORE GAS GROWTH Shell Egypt is to market its current onshore upstream assets in the Western Desert in order to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. Wael Sawan, Shell Upstream Director, said: “Shell […]

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shell-moc

Shell announces participation in MOC 2019 as Platinum Sponsor

Posted: October 11, 2019 at 3:30 pm   /   Oil & Gas

Under The Patronage of H.E Eng Tarek El Molla, Minister of Petroleum and Mineral Resources: Shell Egypt is the 10th Mediterranean offshore Conference and Exhibition (MOC2019) Platinum Sponsor. Shell Egypt announced its participation in the 10th Mediterranean offshore Conference and Exhibition (MOC 2019) as a platinum sponsor. The event will be held from the 15th […]

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