exploration and production
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
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.
Thursday, 5th November 2020
The Egyptian Cabinet approved three draft laws for three exploration and production (E&P) agreements.
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.
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.
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.
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.
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.
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.
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.