Egyptian Government approved the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession
Mubadala
Posted inDRILLING & PRODUCTION
Eni sells 20% stake in Nour North Sinai Offshore concession in Egypt to Mubadala Petroleum
Eni is a main producer in Egypt, primarily through the Zohr gas field
Posted inDRILLING & PRODUCTION
Eni’s gigantic Zohr gas field in Egypt hits 2 billion cubic feet per day production
Egypt’s largest gas field was expected to produce only 1 billion cubic feet per day by mid-2018.
Posted inDRILLING & PRODUCTION
Mubadala Petroleum to develop Russian oilfields with Gazprom Neft and Russian Direct Investment Fund
The joint venture, Mubadala’s first step into the Russian oil market, will develop oilfields in Western Siberia.
Posted inEvents
Kuwait Petroleum Corporation to support Abu Dhabi World Energy Congress as silver sponsor
The announcement sees Kuwait Petroleum Corporation become the first regional company to endorse the congress. It will join UAE based companies Mubadala, Emirates Nuclear Energy Corporation, ADNOC and DEWA, which will be the host sponsors.
Posted inEvents
ADNOC joins 2019 Abu Dhabi World Energy Congress as Host Sponsor
The company will put the spotlight on how the oil and gas industry will continue to play a major role in the world’s energy mix.
Posted inExploration
New investment models needed to boost MENA oil and gas competitiveness, says Crescent CEO at OPEC seminar
Majid Jafar, who leads the Middle East’s oldest private oil and gas company and serves as vice chairman of the Crescent Group of companies, was speaking at the 7th OPEC International Seminar in Vienna, Austria.
Posted inEvents
Mubadala to highlight its approach to energy investment at 24th World Energy Congress
Mubadala to be one of the host sponsors of the congress taking place in Abu Dhabi in 2019.
Posted inProducts & Services
TS&S and Siemens strengthen partnership with expanded MRO deal
Collaboration will allow UAE-based MRO services provider to increase capacity to 60,000 hours for Siemens’ SGT-A65 line of engines.
Posted inProducts & Services
Mubadala approves development of Thai oilfield
Manora field will see ten production and five water injection wells