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Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum Corp and Cairn Energy

Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum Corp and Cairn Energy
oilfieldtechnology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilfieldtechnology.com Daily Mail and Mail on Sunday newspapers.

TOP NEWS: Shell completes sale of Egyptian assets to Cheiron and Cairn

TOP NEWS: Shell completes sale of Egyptian assets to Cheiron and Cairn
lse.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lse.co.uk Daily Mail and Mail on Sunday newspapers.

Egypt: Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum and Cairn Energy

Egypt: Shell completes sale of Western Desert assets in Egypt to Cheiron Petroleum and Cairn Energy
energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.

Chevron Dishes Permian Surprise and More

Here are some of Rigzone s top upstream stories during the last week, just in case you missed them. Here are some of Rigzone s top upstream stories during the last week, just in case you missed them… Chevron CEO Reveals Permian Surprise Bloomberg highlighted that Chevron has revived aspirations to pump one million barrels a day in the Permian Basin. Chevron plans to ramp up investment in North America’s biggest oil field through 2025, Bloomberg noted. Read full article here No Roaring USA Shale Industry to Respond to OPEC+  There is no roaring U.S. shale industry to respond to OPEC+ and balance out global supply, according to Rystad Energy Oil Markets Analyst Louise Dickson. Although the Rystad representative outlined that U.S. shale sprang back almost immediately after the last downturn, Dickson warned that things would be different this time around.

Shell signs $926MM deal to sell Egyptian onshore assets to Cairn Energy

Shell signs $926MM deal to sell Egyptian onshore assets to Cairn Energy 3/9/2021 Cheiron Petroleum drilling crew (Bloomberg) Cairn Energy Plc reshuffled its portfolio, selling $460 million of assets in the U.K. North Sea and buying projects in Egypt’s Western Desert from Royal Dutch Shell Plc. Both deals, announced Tuesday and seen completing in the second half of 2021, follow a pickup in oil and gas acquisitions after 2020’s pandemic-driven slump. Cairn’s retreat from the North Sea comes after several other international producers have withdrawn from the aging region. Meanwhile its purchase in Egypt enables Shell to chalk up proceeds in an ongoing divestment program.

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