Pharos Energy withdraws interest in Shell's Western Desert assets

Published by Nicholas Woodroof, Editor
Oilfield Technology, Wednesday, 22 April 2020 09:00

Pharos Energy has announced its withdrawal from a consortium evaluating the acquisition of Shell's upstream portfolio in the Western Desert in Egypt.

The company has said that in light of current market conditions an acquisition is unlikely to be in shareholders’ best interests.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/22042020/pharos-energy-withdraws-interest-in-shells-western-desert-assets/

Offshore drillers and contractors set to hold 48-hour stoppages after 95% support action following real terms pay cut

Wednesday 05 October 2022 10:00

95% supported strike action in a ballot turnout of 86% after Unite accused oil and gas companies of ‘unfettered profiteering.’ The strike action will involve a series of 48-hour stoppages every second week for the first 8 weeks and will start on 20 and 21 October.

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