{"id":592273,"date":"2023-08-02T00:00:00","date_gmt":"2023-08-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/this-evening-shell-plans-to-begin-drilling-new-gas-exploration-wells-next-month\/"},"modified":"2023-08-02T00:00:00","modified_gmt":"2023-08-02T00:00:00","slug":"this-evening-shell-plans-to-begin-drilling-new-gas-exploration-wells-next-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/this-evening-shell-plans-to-begin-drilling-new-gas-exploration-wells-next-month\/","title":{"rendered":"THIS EVENING: Shell plans to begin drilling new gas exploration wells next month"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Happy Wednesday, dear readers.<\/strong> We have nearly come to the end of a week packed with news that the blackouts have clearly not abated. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY TODAY<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Shell to drill new gas wells in the Med next month:<\/strong> Energy giant Shell is set to begin drilling new gas exploration wells at its concession areas in the Mediterranean in September, <a href=\"https:\/\/tinyurl.com\/yznbb2j3\" style=\"\">Asharq Business<\/a> reports, citing a government source. The first of these deepwater wells will see Shell investing north of USD 80 mn, the source said, adding that the seismic survey work for three of Shell\u2019s concessions in the Mediterranean has been completed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG STORY ABROAD<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Donald\u2019s second indictment is flooding the international press today. <\/strong> The Department of Justice indictment is the result of an investigation by special counsel Jack Smith who claims that Agent Orange has meddled in the 2020 election results in an effort to thwart the certification of Joe Biden\u2019s presidential win. It also includes some of his activities, along with his entourage and the lead-up to the January 6 2021 attack on the US Capitol. Read more about the indictment on: <a href=\"https:\/\/edition.cnn.com\/?refresh=1\" style=\"\">CNN<\/a> | <a href=\"https:\/\/www.reuters.com\/legal\/trump-charged-us-special-counsel-probe-efforts-overturn-2020-election-2023-08-01\/\" style=\"\">Reuters<\/a> | <a href=\"https:\/\/apnews.com\/article\/donald-trump-jan-6-investigation-fake-electors-608932d4771f6e2e3c5efb3fdcd8fcce\" style=\"\">Associated Press<\/a> | <a href=\"https:\/\/www.bbc.com\/news\/live\/world-us-canada-66248859\" style=\"\">BBC<\/a> | <a href=\"https:\/\/www.ft.com\/content\/f53a9be4-adf4-4774-b5c1-0c81791e4c96\" style=\"\">Financial Times<\/a> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>: <\/p>\n<ul>\n<li><strong>Net foreign liabilities widened in June, says CBE:<\/strong> Egypt\u2019s net foreign liabilities <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ce28e8d0-c86c-456e-a6ce-f14c5833d1b1\" style=\"\">hit a new high in June<\/a> amid the country\u2019s continuing FX shortage. <\/li>\n<li><strong>Beltone <\/strong> <strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/79b0f27c-b22d-407c-8e92-77d1a1127104\" style=\"\">reportedly wants this Minya-HQ\u2019d microlender<\/a><\/strong> <strong>:<\/strong> The micro finance provider being targeted for acquisition by Beltone Financial has been named as Minya-based Cash. <\/li>\n<li><strong>SFE not interested in Misr Pharmacies:<\/strong> The Sovereign Fund of Egypt (SFE) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8304b602-51c0-4ff8-bfa1-d4f8a7866451\" style=\"\">is not currently involved in any discussions with the owners of Misr Pharmacies<\/a> to acquire a stake in the company. <\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/7\/44.jpg?ssl=1\"\/><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MARK YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 <\/strong> <strong>September at the St. Regis Hotel in Cairo. <\/strong> This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a href=\"https:\/\/finance.enterprise.news\/\" style=\"\">TAP OR CLICK HERE<\/a><\/strong> <strong> if you want to express interest in attending. <\/strong> We\u2019ll be sending out the first batch of invitations soon. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Do you want to become a commercial partner?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\" style=\"\">Moustafa Taalab, our head of commercial<\/a>, or fill out <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\" style=\"\">this form<\/a> and we\u2019ll be in touch. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>STAY TUNED for more detail <\/strong> about our agenda. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? <\/strong> <strong><a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/the-enterprise-podcast\/id1617987136\" style=\"\">Tune in to the Enterprise Podcast and listen for yourself<\/a><\/strong> <strong>:<\/strong> The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>WANT TO LISTEN? Head to: <\/strong> <a href=\"https:\/\/podcasts.apple.com\/eg\/podcast\/how-to-become-part-of-a-multinationals-supply-chain\/id1617987136?i=1000622000939\" style=\"\">Apple Podcast<\/a> | <a href=\"https:\/\/open.spotify.com\/episode\/57zbwQADGdOo5cMf37jSzM\" style=\"\">Spotify<\/a> | <a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly93d3cub21ueWNvbnRlbnQuY29tL2QvcGxheWxpc3QvNWE1NmQ3YzMtZjI4MS00NTU3LThlMzEtYWFjODAxN2NjZjA2LzY4NmNmYTU5LTAwOTMtNDEyMS1hMTRjLWFlNmYwMDk3ZjEyMi81NDI0MGE5Ni04YWY5LTRkZGQtODExNi1hZTZmMDA5OTgxMzYvcG9kY2FzdC5yc3M\/episode\/MDUwOTc0ZGUtZGViOS00Zjc4LTliZGQtYjA0NzAxMGExMTUw?sa=X&ved=0CAUQkfYCahcKEwjA4YO_qKWAAxUAAAAAHQAAAAAQAQ\" style=\"\">Google Podcast<\/a> | <a href=\"https:\/\/play.anghami.com\/episode\/1118757834\" style=\"\">Anghami<\/a>. <strong>We\u2019re releasing a new episode every Sunday morning.<\/strong> <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN THIS WEEK\u2019S EPISODE- <\/strong> We look at whether industrial clusters \u2014 which have been used to great effect elsewhere \u2014 can be a way for SMEs to be part of a potential export-oriented economy. Our speakers shed light on where industrial zones are working for us already, how Egypt can leverage clusters to get a bigger slice of that cross-border trade, and how industrial clusters can bring together SMEs to work with larger firms. We were joined on that panel by <strong>Shady Williams<\/strong>, managing director of IDG, <strong> Mohamed ElGebely, <\/strong> team leader at USAID Trade, and <strong>Nada El Ahwal, <\/strong> CSO of Transmar. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n     Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n    <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>   <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n  <\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong> <strong>TOMORROW\u2019S WEATHER- <\/strong> The temperature is staying at 38\u00b0C at its highest tomorrow and dropping to 25\u00b0C at night, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Happy Wednesday, dear readers. We have nearly come to the end of a week packed with news that the blackouts have clearly not abated. THE BIG STORY TODAY Shell to drill new gas wells in the Med next month: Energy giant Shell is set to begin drilling new gas exploration wells at its concession areas [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":592274,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7213],"tags":[633,594,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-shell","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"379d4b4c-b44d-44e9-9618-e7fab99668b4","order":"0","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/7\/1381.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[592271],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/8\/.436a58b2-dfd2-4985-a659-6f654e94415e.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>THIS EVENING: Shell plans to begin drilling new gas exploration wells next month - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/08\/02\/this-evening-shell-plans-to-begin-drilling-new-gas-exploration-wells-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"THIS EVENING: Shell plans to begin drilling new gas exploration wells next month\" \/>\n<meta property=\"og:description\" content=\"Happy Wednesday, dear readers. We have nearly come to the end of a week packed with news that the blackouts have clearly not abated. 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We have nearly come to the end of a week packed with news that the blackouts have clearly not abated. 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Shell will drill six wells in West Fayoum, five\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589749,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/09\/shell-to-drill-three-new-wells-at-its-offshore-mediterranean-concession\/","url_meta":{"origin":592273,"position":2},"title":"Shell to drill three new wells at its offshore Mediterranean concession","author":"enterpriseam admin","date":"9 July 2023","format":false,"excerpt":"Our annual production of natural gas is expected to hit 6 tn cubic feet by 2025","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589549,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/05\/oil-majors-to-invest-usd-1-8-bn-here-by-2025-in-search-for-gas\/","url_meta":{"origin":592273,"position":3},"title":"Oil majors to invest USD 1.8 bn here by 2025 in search for gas","author":"enterpriseam admin","date":"5 July 2023","format":false,"excerpt":"Chevron, Eni, ExxonMobil, Shell, and BP will drill a total of 35 wells by 2025","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/101.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671043,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/31\/foreign-firms-to-invest-some-usd-340-mn-on-oil-and-gas-exploration\/","url_meta":{"origin":592273,"position":4},"title":"Foreign firms to invest some USD 340 mn on oil and gas exploration","author":"enterpriseam admin","date":"31 August 2025","format":false,"excerpt":"PLUS- Oil Ministry completed the drilling of the exploratory well North Lotus Deep-1 in the Western Desert","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/5\/2299.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567393,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egpc-signs-usd-450-mn-in-oil-and-gas-ep-agreements\/","url_meta":{"origin":592273,"position":5},"title":"EGPC signs USD 450 mn in oil and gas E&#038;P agreements","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"EGPC signs USD 450 mn in oil and gas E&P agreements: The state-owned Egyptian General Petroleum Corporation (EGPC) yesterday signed nine oil and gas exploration and production agreements that will see companies invest at least USD 452 mn to drill 38 wells in concessions in the Mediterranean and Western Desert,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed 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