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Tag: Upstream

Egypt is the site of two of BP's major projects in 2018

Posted: February 4, 2018 at 4:32 pm   /   Oil & Gas

BP released its list of major upstream projects it will deliver this year, following its successful start up of seven major projects in 2017. Of the five listed for 2018, two are located in North Africa, specifically in Egypt. David O’Connor, head of the global projects organization and the man responsible for developments was asked […]

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In a word: BP's major projects for 2018 in Egypt (BP Magazine)

Posted: January 26, 2018 at 7:54 pm   /   Oil & Gas

This year, BP is set to deliver two upstream major projects in Egypt, following on from two successful start-ups in 2017. BP Magazine asks the leader responsible for all the developments – David O’Connor, head of the global projects organization – to describe each one in a single adjective. ‘Stunning’ – Atoll Phase 1 Fact […]

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ExxonMobil eyes Egypt's offshore oil and gas sector

Posted: December 4, 2017 at 2:33 pm   /   Oil & Gas

ExxonMobil is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. Officials from the world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss investments in oil and gas production, known as upstream operations, […]

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Shell plans on drilling 63 wells in Egypt's Western Desert in 2018

Posted: October 13, 2017 at 4:12 pm   /   Oil & Gas

Royal Dutch Shell planned to drill 63 wells in Egypt in 2018 at different geological structures in the Western Desert, Shell’s Upstream International Director Andrew Brown announced Thursday. “This targets increasing oil and gas production volume in the Western Desert,” Brown added. In a Thursday meeting with Prime Minister Sherif Ismail and Minister of Petroleum […]

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Gasser Hanter: Shell positioning itself as Egypt’s preferred future partner

Posted: September 19, 2017 at 4:13 pm   /   Oil & Gas

The Apollonia project can boost Egypt’s unconventional oil/gas exploration and production. In the wake of the ongoing economic reform programme adopted by the authorities and the plans to transform Egypt into a major energy hub, Daily News Egypt sat with Gasser Hanter, Vice President Upstream, Country Chair & Managing Director of Shell Egypt, which is […]

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Wood Mackenzie Podcast: Egypt’s Upstream Renaissance

Posted: August 10, 2017 at 12:44 pm   /   Oil & Gas

Over the last few years there has been a resurgence in Egypt’s upstream sector boosted by several offshore gas discoveries, most notably the Zohr discovery. The Zohr discovery, made by Eni in August 2015, is the largest gas discovery ever in the Mediterranean, and the first phase of production there is set to begin late […]

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Upstream: Egypt has turned a corner

Posted: July 8, 2017 at 5:28 pm   /   Oil & Gas

Egypt’s decision to hike fuel prices is a bold measure that will help to settle outstanding debts to international oil companies that have faced payment delays since the revolution in 2011, writes Nassir Shirkhani. The cut to energy subsidies will save the government $2 billion a year and discourage wasteful consumption in a country where […]

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Naftogaz struggles to find advisor for selling Egypt assets

Posted: June 21, 2017 at 4:37 pm   /   Oil & Gas

Naftogaz repeatedly fails to find advisor to assess appropriateness of selling Egypt assets. National joint-stock company Naftogaz Ukrainy has annulled the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers, as less than two bids were submitted. According to a report in the ProZorro e-procurement […]

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tarek el molla

Tarek El-Molla: The man reviving Egypt's fortunes

Posted: May 24, 2017 at 11:09 pm   /   Oil & Gas

By paying off debt and shaking up the offshore gas sector, former Chevron man Tarek El-Molla is making his mark as oil minister. Egypt’s upstream sector is shining once again after the 2011 revolution unleashed political and financial chaos, forcing international oil companies to put major projects on hold. Much of the kudos for the […]

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Sinopec downplays concerns about its investment in Egypt

Posted: May 24, 2017 at 1:30 pm   /   Oil & Gas

China Petroleum & Chemical Corp, or Sinopec, has played down concerns about potential risks to the value of its investment in the Apache project in Egypt. Sinopec’s clarification came in response to concerns that the value of its 33 percent stake in Apache’s Egyptian company, which it bought for $3.1 billion in 2013, may have […]

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