Wintershall Dea scores gas find near Disouq
Wintershall Dea has found gas onshore in Egypt’s Nile Delta and is considering a tie-back to nearby infrastructure at Disouq.
Egypt
Pharos faces squeeze as Egyptian pound tumbles
The company warned that it would keep watch on its receivables. This, it said, may “impact the capital available for development”.
Exxon wins two concessions in the Nile Delta
ExxonMobil has won two blocks offshore Egypt, in the Nile Delta, covering more than 11,000 square km.
Shelf Drilling extends Petrobel work in Egypt
Shelf Drilling has secured a one-year contract extension for the Trident 16 jack-up rig.
Apex buys into Eni’s Western Desert operations
“We look forward to commencing Apex’s first gas production in 2023 and becoming part of the exciting Egyptian natural gas success story,” he continued.
Capricorn makes Palliser nominees an offer ahead of vote
Smith noted the opposition from shareholders to the Tullow merger. “The message from shareholders was that there was a preference for cash returns over long-term delivery. We listened to that and [the NewMed deal] offers a lot of cashback, while also being energy transition led.”
Capricorn preps for Palliser vote, “genuine risk” of board removal
Capricorn Energy has conceded that it expects to hold an EGM on February 1 but has warned shareholders against rejecting its proposed combination with NewMed Energy.
United abandons Egypt well, moves rig to ASH field
Kuwait Energy Egypt will plug and abandon the most recent well on Egypt’s Abu Sennan licence, United Oil & Gas has said.
Egypt launches bid round
Minister El-Molla said Egypt had doubled its efforts to attract new investments in the hydrocarbon sector in 2022.
Palliser adds more support to topple Capricorn board
Palliser Capital reports more Capricorn Energy shareholders have backed its plans to remove the board and scrap proposed merger plans with NewMed Energy.
Capricorn faces EGM vote amid Palliser’s merger opposition
Capricorn noted that it had been working on “strategic alternatives” for more than a year. However, there have been no better options, it reported, and a sale is necessary to “maximise shareholder value and the full potential of Capricorn’s assets”.
Vaalco struggles to reach goals at Gabon well
Vaalco Energy has seen some disappointing results from a recent well offshore Gabon, but is looking for solutions.
Chevron greenlights Tamar expansion
Chevron (NYSE:CVX) has taken a final investment decision (FID) to expand the Tamar field, offshore Israel.
BP strikes green hydrogen MoU with Egypt
BP has signed a memorandum of understanding (MoU) with Egypt to explore green hydrogen options.
Report: Chevron strikes gas off Egypt
Chevron has found gas off Egypt at its Nargis block, according to Welligence Energy Analytics.
SDX CEO exits, as Bhattacherjee goes executive
SDX Energy has appointed Jay Bhattacherjee as interim executive chairman, while CEO Mark Reid is leaving immediately.
AMEA reaches financial close to double capacity in Egypt
AMEA Power has reached financial close on its plan to build 1 GW of renewable energy projects in Egypt, with a $1.1 billion investment.
BP wins two more blocks off Egypt
Egypt has awarded two exploration blocks in the Mediterranean Sea to BP, close to its existing assets.
Eni plunges into Thuraya work, picking up from Dana Gas
Eni has begun drilling the Thuraya prospect, offshore Egypt, hoping to replicate the success of its major Zohr find.
Tripoli takes Greece to task over minister who wouldn’t budge
Libya’s Tripoli-based government has recalled its ambassador to Greece, among widening political tensions.
BP takes on Valaris floater for Egypt work
BP has picked a Valaris rig to drill four wells offshore Egypt, starting late in the third or early in the fourth quarter of 2023.
Egypt’s Sovereign Fund tees up plans with ACWA, AMEA
The Sovereign Fund of Egypt (TSFE) has signed up to explore options for a new 1.1 GW wind project, with ACWA Power, and a green hydrogen plan with AMEA Power.
APA celebrates achieving Egypt flare goal
APA Corp. has achieved its goal of reducing upstream routine flaring in Egypt by 40%.
Egypt inks seven decarbonisation MoUs, including Idku flare study
Egypt has struck a number of agreements with energy companies around sustainability and reducing emissions, including at the Idku liquefaction plant.
COP27 activists pursue Pouyanne over Russia “blood money”
Activists at COP27 have accosted Patrick Pouyanné, CEO of TotalEnergies, to demand answers about “bloody money” from the company’s Russian operations.