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

• Monday, 17th February 2020
• by Editorial Team

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, according to Reuters. Kacem did not reveal...

TechnipFMC, MMHE Ink Offshore Development Deal with Saudi Aramco

• Tuesday, 8th January 2019
• by Editorial Team

TechnipFMC and its Malaysian partner, MMHE, inked a deal with Saudi Aramco to develop offshore projects, Pipeline Oil & Gas Magazine reported. The six-year deal will see the company provide engineering, procuremen...

Fieldwood Energy Signs Deal for Offshore Exploration in Mexico

• Monday, 11th January 2016
• by Egypt Oil & Gas

Fieldwood Energy has signed a production sharing contract with Petrobal for two year offshore appraisal projects at Bay of Campeche in the Gulf of Mexico, which has estimated reserves of 68m barrels of light crude oil...

Offshore Drilling Set to Increase in 2015

• Tuesday, 20th January 2015
• by Egypt Oil & Gas

Based on Douglas-Westwood’s offshore drilling forecast, there are still plenty of wells to be drilled if the 2015 oil prices average between $50-70/bbl. Total wells drilled could be expected to increase by 17% by 2020...

UK Project Spending Set to Drop

• Tuesday, 13th January 2015
• by Egypt Oil & Gas

While the UK has seen considerable growth in upstream spending recently, the dropping oil price could see this trend reversed. That’s according to analysts Wood Mackenzie’s annual UK upstream review. After years...