Shell Egypt
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MoP, Shell Egypt Sign Agreement for Oil, Gas Exploration in Red Sea
Wednesday, 20th January 2021
The Minster of Petroleum and Mineral Resources, Tarek El Molla, signed an agreement with Shell Egypt for oil and natural gas exploration in concession area (4) in the Red Sea deep water.
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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.
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Pharos Energy Dismisses Shell’s Egyptian Assets Acquisition
Tuesday, 21st April 2020
Pharos Energy company announced that its board decided to withdraw from the consortium that is evaluating the opportunity of acquiring Shell’s Western Desert Assets.
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Shell Wins Two Concessions in Red Sea Licensing Round
Sunday, 29th December 2019
The first concession is located in Block 4 which was awarded to Shell in partnership with Mubadala Petroleum (30%), while the second concession is located in Block 3 with Shell being the sole license holder.
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House of Representatives Approves 11 Exploration Agreements
Sunday, 17th November 2019
The Energy and Environment Committee of Egypt’s House of Representatives, Chaired by Talaat El Sewedy, approved 11 projects, delegating the Minister of Petroleum and Mineral Resources, Tarek El Molla, to explore for oil in different regions.
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Shell Egypt to Sell Onshore Upstream Assets in WD
Sunday, 20th October 2019
Shell Egypt is putting its current onshore upstream assets in the Western Desert up for sale to be able to focus on expanding its Egyptian offshore exploration and integrated gas business.
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Shell’s Participation in MOC 2019 Highlights Partnership’s Importance
Tuesday, 15th October 2019
Shell Egypt participates in the 10th Mediterranean Offshore Conference and Exhibition (MOC 2019) under the patronage of Tarek El Molla, Minister of Petroleum and Mineral Resources, at the Bibliotheca Alexandria Conference Center.
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Baramoda, Tink to Be Part of LiveWire Competition
Sunday, 15th September 2019
Shell Egypt has announced the selection of two Egyptian entrepreneurs, Baramoda and Tink, out of nine nominated companies graduated from Shell’s program ‘Intilaqaah’. The two entrepreneurs were nominated among the top 21 companies worldwide in the LiveWire Competition for the top ten innovators.
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Shell Starts Drilling First Exploration Well by End of August
Monday, 26th August 2019
Shell announced that the “Discoverer India” Drillship will start drilling in the first 6,000 meters deep marine well, West Delta Deep Marine (WDDM) concession by the end of this August.
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Shell, Revolta Sign Cooperation Protocol
Monday, 20th May 2019
Shell Egypt and Revolta Egypt inked a cooperation protocol on May 19 in a ceremony held at Mohamed Ali Palace to promote the concept of using electric vehicles (EVs) in Egypt.
Latest News
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Official Gazette publishes Law authorizing Oil Exploration Contracts in Sidi Barrani
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 59.91 | +0.27% |
Crude Oil (Brent) Brent | USD/bbl | 62.85 | +0.24% |
NYMEX Natural Gas | USD/MMBtu | 2.88 | +1.30% |
OPEC Basket Price | USD/bbl | 64.24 | -0.20% |
Last Modified March 3, 2021