Egyptian General Petroleum Corporation

VAALCO Energy, Inc. Announces Preliminary Unaudited Fourth Quarter and Full Year 2022 Results and Provides 2023 Guidance

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Friday, March 31, 2023
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HOUSTON, March 31, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and selected preliminary unaudited financial results for the fourth quarter and full year of 2022.

Key Points: 
  • HOUSTON, March 31, 2023 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) ("VAALCO" or the "Company") today reported operational and selected preliminary unaudited financial results for the fourth quarter and full year of 2022.
  • On October 13, 2022, VAALCO completed the business combination with TransGlobe Energy, Inc. (“TransGlobe”); as a result, VAALCO’s fourth quarter and full year preliminary 2022 results include the combined assets from the closing day through the end of 2022.
  • The impact from the combination is reflected in VAALCO’s fourth quarter 2022 results following the closing on October 13, 2022.
  • VAALCO had a reserve replacement of 428% compared to the 3.9 MMBOE of production in 2022.

Dover Fueling Solutions Partners with Global Technical Services to Offer DX Wetstock in Egypt

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Friday, April 15, 2022
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DOWNERS GROVE, Ill., April 15, 2022 /PRNewswire/ -- Dover Fueling Solutions ("DFS") , a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced that it has expanded its agreement with Global Technical Services ("GTS") to include the provision of its DX Wetstock management services, an end-to-end fuel management solution, to the Egyptian markets.

Key Points: 
  • DOWNERS GROVE, Ill., April 15, 2022 /PRNewswire/ -- Dover Fueling Solutions ("DFS") , a part of Dover (NYSE: DOV) and a leading global provider of advanced customer-focused technologies, services and solutions in the fuel and convenience retail industries, today announced that it has expanded its agreement with Global Technical Services ("GTS") to include the provision of its DX Wetstock management services, an end-to-end fuel management solution, to the Egyptian markets.
  • "We are very excited to partner with GTS and bring our real-time wetstock management services to Egypt.
  • Based in Cairo, Egypt, GTS specializes in industrial automation solutions and is renowned in the fuel retail sector for selling fueling equipment and providing maintenance, design, engineering projects and consultancy services.
  • "DX Wetstock works seamlessly with our extensive install base of DFS automation solutions, and we are anticipating a high demand for the solution.

Petrobel Selects Halliburton Landmark to Design and Deliver Cloud Solution for E&P Applications

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Tuesday, March 8, 2022
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Halliburton Company (NYSE: HAL) today announced that Petrobel, a joint venture between ENI and the Egyptian General Petroleum Corporation, awarded a contract to deploy iEnergy Stack, Halliburtons cloud solution that runs on-premise, to manage petrotechnical software applications.

Key Points: 
  • Halliburton Company (NYSE: HAL) today announced that Petrobel, a joint venture between ENI and the Egyptian General Petroleum Corporation, awarded a contract to deploy iEnergy Stack, Halliburtons cloud solution that runs on-premise, to manage petrotechnical software applications.
  • The solution delivers DecisionSpace 365 cloud-based subscription services and supports operators and third-parties applications.
  • Building a private cloud infrastructure is a crucial first step in Petrobels digital transformation and data residency requirements.
  • iEnergy Stack is based on Halliburtons proven E&P cloud delivery that helps ensure the most optimal configuration of computing and storage elements to deliver a ready-to-deploy private cloud infrastructure.

APA Corporation Announces Ratification of Modernized Production Sharing Contract in Egypt

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Monday, December 27, 2021
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HOUSTON, Dec. 27, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company’s current Production Sharing Contracts (PSCs) with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC). The effective date of the final agreement is retroactive to April 1, 2021 and the agreement has been formally signed by the Minister of Petroleum and Mineral Resources H.E. Tarek El Molla, EGPC and the company.

Key Points: 
  • HOUSTON, Dec. 27, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the signing, by authority of Egyptian President H.E.
  • The modernized PSC incentivizes increased investment and production growth and places Egypt at the top of many attractive investment opportunities in APAs global portfolio.
  • APA Corporation owns consolidated subsidiaries that explore for and produce oil and gas in the United States, Egypt and the United Kingdom and that explore for oil and gas offshore Suriname.
  • The APA-Sinopec Joint Venture is the Egypt joint venture owned two-thirds by Apache Corporation and one-third by Sinopec.

APA Corporation Announces Egyptian Parliament’s Approval of Modernized Production Sharing Contract

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Tuesday, November 30, 2021
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HOUSTON, Nov. 30, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts (PSCs) with Egypts Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC).

Key Points: 
  • HOUSTON, Nov. 30, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced the Egyptian Parliament has approved the previously announced agreement to modernize and consolidate its current Production Sharing Contracts (PSCs) with Egypts Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC).
  • In anticipation of the approval, we had already increased our drilling rig count to 11 in 2021.
  • Upon final approval, our investment activity will continue to grow into 2022, returning Egypt to a growing production profile and helping to advance the countrys position as a regional energy hub.
  • Any forward-looking statement made by APA and/or its subsidiaries in this news release speaks only as of the date on which it is made.