Termination of Petro-Galaxy Acquisition
CAIRO, November 04 –Second Call/ - Termination of Petro-Galaxy Acquisition- BGS Energy Services (“BGSES or “the Company”) today announced the termination of the acquisition of Petro-Galaxy. By executing this termination, and other previously announced strategic objectives, BGS Energy Services remains well-positioned to drive significant accretion and value for stockholders. Mostafa Fouad, Global Director, commented, “Our core strategy of driving BGS Energy Services into higher growth industries remains unchanged. We will continue to focus on our strong momentum in these growth industries with dramatic projected revenues increase for fiscal year 2018 and 2019 going forward, up greater than 500 percent from fiscal year 2017. We believe our technology leadership and disciplined execution will drive significant value creation for our stockholders.” BGS Energy Services continues to achieve strong growth across MENA Region, accelerated by its expansion and momentum in the areas of Drilling Management , G& G and PPS.
BGS Energy Services has announced the award of a contract by Dana Gas CAIRO, June 16, 2019 — BGS Energy Services has announced the award of a contract by Dana Gas, the Middle East’s first and largest regional private sector natural gas company, for the provision of Digital Well File...Continue reading
BGS Energy Services has been awarded a contract by Shell CAIRO, May 27, 2019 — BGS Energy Services has been awarded a contract by Shell, the major oil corporation, and their Egyptian JV Bapetco for the supply of Managed Pressure Drilling (MPD) for Western Desert Fields in Egypt. The two-year...Continue reading
Strategic agreement with Lumina reservoir For the last four months, BGS Energy Services and Lumina Reservoir worked hard together to come into an agreement that would be considered as a break through into the MENA/ Africa G&G Market. This agreement will allow both companies to penetrate both high potential markets...Continue reading
Current Oil & Gas Crises. Mostafa Fouad, the global Director of BGS Energy Services has presented the company in the last SPE- PICS event held on the 24th of Nov. at the American University in Cairo covering current Oil& Gas Crises. During his speech, Mr. Fouad did talk about reasons...Continue reading