Shell agrees to sell Egypt onshore assets to Cheiron, Cairn for $926m
Shell Egypt RDSa.L has entered into an agreement to sell upstream assets in Egypt’s Western Desert to Cheiron Petroleum Corporation and Cairn Energy Plc for up to $926 million, the company said on Tuesday. The deal includes Shell Egypt’s stake in 13 onshore concessions and its share in the Badr El-Din Petroleum Company (BAPETCO). It […]
Wintershall Dea APC: A challenging year. A strong performance.
2020 was a challenging year. Wintershall Dea ended it with a strong operational dynamic in the fourth quarter and is well-positioned for the future. All the background information, reports and media about this year’s Annual Press Conference (APC) 2021. “2020 was undoubtedly a difficult year for everybody and I’m proud of the way that Wintershall […]
Wintershall Dea FY 2020: Strong performance despite difficult environment
In a challenging market environment, Wintershall Dea ended the 2020 fiscal year with strong operational momentum in the fourth quarter. In the fourth quarter of 2020, Europe’s leading independent gas and oil company increased its production to more than 650,000 barrels of oil equivalent per day (boe/d) – the highest level so far since the […]
Egypt poised to launch new Oil & Gas Licensing Round – Upstream Online
Offshore and onshore acreage set to go up for grabs in latest bid exercise: Egypt is expected to soon launch a new exploration bid round, offering additional onshore and offshore oil and gas tracts across the country. (Source: Upstream Online)
ExxonMobil Egypt inks Star Offshore concession agreement with EGAS
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 […]
Mohamed Mounes joins Neptune Energy as Egypt Managing Director
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 […]
“It can’t just be business as usual” Mario Mehren, Wintershall Dea CEO
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 […]
Wintershall Dea sets climate targets: Net Zero Emissions by 2030
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 […]
Neptune Energy digitalises drilling & wells with Halliburton Cloud Apps
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 […]
Petrofac announces Executive Management and Board changes
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 […]