Newsletter subscribe
Tag: Upstream

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, […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more

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 […]

No Comments read more
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 […]

No Comments read more

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 […]

No Comments read more
WND Video

Video: The West Nile Delta Story (BP)

Posted: May 12, 2017 at 2:51 pm   /   Oil & Gas

Watch the story behind the West Nile Delta project in Egypt. The project was delivered eight months ahead of start-up schedule and under budget. First gas was exported to Egypt’s national grid on 24 March 2017 and the commissioning of all nine wells of the development’s first two fields and ramp up to stable operations […]

No Comments read more

El Molla meets BP’s CEO for Exploration & Production 

Posted: March 14, 2017 at 4:23 pm   /   Oil & Gas

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received Mr. Bernard Looney, BP’s Chief Executive Officer for Upstream during his visit to Egypt, in the presence of Eng. Hesham Mekawi, BP’s Regional President, North Africa. The Minister pointed out that they discussed status of the company’s current upstream projects as well as development […]

No Comments read more