Shell subsidiary acquires ExxonMobil's offshore concession in Egypt

Wed, 18 May 2022 - 03:49 GMT

The completion of the ownership transfer process, the management of the concession area will be transferred to Shell, according to the company, which noted that the agreement is subject to the approval of the relevant government and regulatory agencies.

Shell enters new partnership in Egypt's Red Sea blocks

Mon, 13 Dec 2021 - 02:27 GMT

Farm Out Agreement (FOA) is a type of contract which enables an existing project participant to add new parties to the project by selling a percentage stake in the venture.

In Nigeria, Shell’s onshore roots still run deep

Sun, 23 Sep 2018 - 08:51 GMT

But for the company that pioneered Nigeria’s oil industry in the 1950s, the Niger Delta remains as important — and problematic — as ever.

Shell profit soars on stronger oil prices

Thu, 26 Apr 2018 - 08:00 GMT

Expectations are high for Shell to continue to generate strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both fronts in 2017.

Shell to develop Phase 9B of WDDM within 2 months

Tue, 17 Apr 2018 - 10:51 GMT

Shell will start the development of Phase 9B of the West Delta Deep Marine (WDDM) concession in the second quarter of 2018.

Shell calls end to austerity with return to full dividend

Tue, 28 Nov 2017 - 09:25 GMT

Royal Dutch Shell (RDSa.L) on Tuesday canceled an austerity dividend policy as the oil and gas company boosted.

EGPC plans oil, gas exploration auction in 2017

Tue, 26 Sep 2017 - 11:00 GMT

The EGPC is waiting for the completion of technical procedures and the attainment of approvals from relevant entities to hold the auction.

New agreements shake up Egypt’s oil market: OilPrice

Mon, 04 Sep 2017 - 02:11 GMT

The contracts will be the start of a wide-range campaign to revive the sector.

Three $81.4M agreements signed for Egypt’s oil, gas exploration

Tue, 29 Aug 2017 - 11:15 GMT

The agreements were signed between the EGPC, Royal Dutch Shell and Apex.

Ukraine war traps care home, clinic residents on front line

Mon, 21 Aug 2017 - 11:11 GMT

Tamara Makarovna spends her afternoons sitting in a dilapidated armchair upstairs in her care home.

EGPC to issue oil exploration auction by 2017-end

Sat, 15 Jul 2017 - 09:49 GMT

Egypt signed 83 oil and gas exploration agreements over the past four years.

Britain's FTSE snaps losing streak as oil bounces, banks rise

Mon, 26 Jun 2017 - 11:00 GMT

British shares rose on Monday, snapping four straight days of losses, as banks joined a broader European rally and a bounce in crude oil prices which buoyed energy firms.

Norway oil workers agree wage deal, ending threat of strike

Sat, 10 Jun 2017 - 11:40 GMT

Norwegian oil and gas firms secured a wage agreement with workers on Saturday, ending the threat of a strike that would have cut output at five fields.

CBE to repay Shell, BP, Eni first

Mon, 27 Feb 2017 - 12:38 GMT

The CBE and Egyptian General Petroleum Corporation are coordinating to repay $1.5 billion USD of the $3.5 billion debt owed to international petroleum companies