exploration and production

  • Aramco, stc Launch Dammam 7 Supercomputer

    Aramco, stc Launch Dammam 7 Supercomputer

    Wednesday, 20th January 2021

    The companies of Aramco and stc announced the launch of a new supercomputer under the name of Dammam 7 which is one of the top ten most powerful computers in the world

  • Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

    Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean

    Sunday, 3rd January 2021

    Shell Egypt has announced it signed production sharing contracts (PSCs) in the offshore and deep-water concession of the Red Sea at Block 3 with distance of 3,097 Km² and in the offshore North Kanayes of Herodotus Basin in the West Mediterranean concession by 30% share. The contracts are shared with Total company, the main operator of the project, by 35%, KUFPEC limited by 25% and Tharwa Petroleum company by 10% at distance of 4,445 Km².

  • Cabinet Approves Three E&P Agreements

    Cabinet Approves Three E&P Agreements

    Thursday, 5th November 2020

    The Egyptian Cabinet approved three draft laws for three exploration and production (E&P) agreements.

  • Saudi Aramco Plans to Cut Capital Spending Further

    Saudi Aramco Plans to Cut Capital Spending Further

    Thursday, 13th August 2020

    Saudi Aramco plans to further cut capital expenditure (Capex) in an attempt to try and pay for the $75 billion dividends that were promised to investors.

  • Norway to Offer 125 New Arctic Exploration Permits 

    Norway to Offer 125 New Arctic Exploration Permits 

    Thursday, 25th June 2020

    Norway, Europe’s largest oil-producing nation, intends to profoundly increase Arctic oil exploration by offering up 125 new oil exploration permits in the Arctic Barents Sea.

  • New Petroleum Discovery in Abu Sennan

    New Petroleum Discovery in Abu Sennan

    Wednesday, 3rd June 2020

    The Chairman of Borg Al Arab Petroleum Company announced that his company has achieved a new petroleum discovery in Abu Sennan concession after drilling Al Salemia Well -5 at the Western Dessert.

  • Shell Open to Receive Offers for its Western Desert’s Assets

    Shell Open to Receive Offers for its Western Desert’s Assets

    Monday, 17th February 2020

    Khaled Kacem, Shell Egypt Country Chairman and Managing director, announced that the company is still open to accepting purchasing offers to its assets in the Western Desert.

  • Wintershall Dea Signs Concession Agreement for East Damanhour Exploration at EGYPS 2020

    Wintershall Dea Signs Concession Agreement for East Damanhour Exploration at EGYPS 2020

    Monday, 10th February 2020

    Wintershall Dea and Egyptian Minister of Petroleum H.E. Tarek El Molla have signed the concession agreement for the East Damanhour block.

  • ADNOC Announces New Natural Gas Discovery In UAE

    ADNOC Announces New Natural Gas Discovery In UAE

    Wednesday, 5th February 2020

    Abu Dhabi National Oil Company (ADNOC) announced a new discovery of 80 trillion standard of cubic feet (TSCF) of shallow gas in the area between Saih Al Sidirah in Abu Dhabi and Jebel Ali in Dubai of UAE.

  • Egypt, ExxonMobil Ink Two Agreements Worth $332 MM

    Egypt, ExxonMobil Ink Two Agreements Worth $332 MM

    Tuesday, 28th January 2020

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two agreements with ExxonMobil, for exploration and production (E&P) activities of natural gas at the Mediterranean.