Aramco, stc Launch Dammam 7 Supercomputer
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
exploration and production | Egypt Oil & Gas - Part 8
Shell Egypt signs Two PSCs for Blocks in Red Sea, Mediterranean
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 ...
Cabinet Approves Three E&P Agreements
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 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 PermitsÂ
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
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
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 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
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
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.
