Egypt and Cyprus are moving closer to finalising the technical and commercial agreements to connect Cyprus’s Aphrodite offshore natural gas field to Egypt’s infrastructure. The project aims to transport the field’...
Karim Badawi, Minister of Petroleum and Mineral Resources, met senior executives from leading international mining companies to explore new investment opportunities in gold exploration. The talks come as Egypt advances l...
British Petroleum (bp) is in talks with Ithaca Energy, a North Sea oil and gas operator and producer, regarding the sale of its UK North Sea assets in a deal worth nearly $2.69 billion, according to Reuters.While negotia...
Mahmoud Esmat, Minister of Electricity and Renewable Energy, witnessed the signing of two agreements to establish separate Battery Energy Storage Systems(BESS) with a combined capacity of 1,500 megawatt-hour (MWh) in the...
Can Egypt translate renewed offshore Mediterranean drilling into tangible gas output gains over the next 18 months? Cairo certainly hopes so, and is banking on upcoming appraisal drilling by Chevron and Eni at their Narg...
The Egyptian Cabinet approved four draft petroleum agreements that cover drilling of at least six wells, and have a minimum investment value of $52.97 million, Prime Minister Moustafa Madbouly announced during the cabine...
Algeria’s SONATRACH Group and Niger’s state-owned petroleum company SONIDEP signed three Memoranda of Understanding (MoUs) to expand cooperation in seismic services, drilling operations, and petroleum product distrib...
The 41-day shutdown of Energean’s flagship 4.3tcf Karish project offshore Israel weighed heavily on the company’s first-quarter results, but the London-listed producer says an imminent increase in liquids production ...
Russia’s oil and gas tax revenue rose by 32.4% year-on-year (YoY) in May to 678.9 billion roubles ($9.3 billion), supported by higher global oil prices amid escalating tensions in the Middle East, according to data rel...
The Egyptian General Petroleum Corporation (EGPC) has launched an initiative to develop the environmental performance across its affiliated companies. The EGPC Green Oilfield initiative aims to transition companies from ...
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