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Tag: Upstream
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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Wintershall Dea CEO Mario Mehren

“It can’t just be business as usual” Mario Mehren, Wintershall Dea CEO

Posted: November 23, 2020 at 2:25 pm   /   Oil & Gas

Wintershall Dea shoots for net zero emissions by 2030 German oil and gas producer pledges to cut scope 1 and 2 emissions by end of the decade German independent oil and gas company Wintershall Dea has set targets to become a net zero carbon oil and gas producer by 2030. Wintershall Dea made the announcement […]

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Wintershall Dea

Wintershall Dea sets climate targets: Net Zero Emissions by 2030

Posted: November 23, 2020 at 2:19 pm   /   Oil & Gas

Net zero upstream activities by 2030. Methane intensity of total gas production to be reduced to 0.1 per cent by 2025. Around €400 million investment in energy efficiency, strict emissions management, technology development, portfolio optimization and nature-based mitigation solutions in the next ten years. The world is facing a major challenge: A growing global population and […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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