onshore | Egypt Oil & Gas - Part 5
Maersk Oil Acquires Interests in Onshore Discoveries in Kenya and Ethiopia
The Danish oil and gas company Maersk Oil has agreed to acquire half of Africa Oil Corporation’s shares in three onshore exploration licences in Kenya and a further two in Ethiopia. According to the company, the licen...
Downstream Investments Struggle with Oil Price Drop
The substantial fall in oil prices has weakened the onshore market, causing project delays and a focus on reducing costs for pipeline owners, an industry expert told Trade Arabia. “Despite this, the delays we have obs...
Amazon Filters Alliance to Open Up Middle East Market
Amazon Filters has just partnered with UAE-based EPC Solutions to increase its brand awareness in the Middle East oil and gas industry, reported Trade Arabia. Amazon Filters is a leading European manufacturer of indus...
Partex Could be Latest in Long Line of Adnoc Bid-Winners
Portuguese oil company Partex is positive about securing a minor stake in an Abu Dhabi concession as Abu Dhabi National Oil Company (Adnoc) mulls options to decide partners for the prestigious Abu Dhabi Company for On...
UAE Purchases Offshore, Onshore Rigs from Multiple Sources for $543 million
The United Arab Emirates’ National Drilling Company has signed contracts worth $543 million to buy 14 new rigs, state news agency WAM reported on Sunday. One offshore and one onshore rig, worth $203 million, wil...
Wafra Field to Remain Shut Down Till Further Notice
An jointly-operated onshore oilfield between Saudi Arabia and Kuwait will remain shut until difficulties to operate there are resolved, a spokeswoman for U.S. oil major Chevron said on Wednesday. The Wafra field was s...
South Korean Company Wins 40-Year Abu Dhabi Concession
South Korea’s GS Energy said on Wednesday it had agreed to buy a stake worth 743 billion Korean won ($676 million) in a new 40-year onshore oil concession in Abu Dhabi, the latest move by import-dependent Asian ...
Update: Japan’s Inpex Successful in Abu Dhabi, Wins 40-year Contract
Inpex Corporation has acquired a 5% participating interest in the ADCO Onshore Concession in Abu Dhabi. The acquisition is based on a 40-year agreement with the Supreme Petroleum Council of the Emirate of Abu Dhabi an...
