Capricorn has been informed by the Egyptian General Petroleum Corporation (“EGPC”) that it has approved the consolidation of eight of the Company’s existing Egyptian concession agreements, in which it has a 50% participating interest held jointly with Cheiron Oil and Gas (Operator), into a new, single integrated concession agreement. The integrated concession agreement is subject […]

Energean has updated the company’s proposed sale of its portfolio in Egypt to an entity controlled by Carlyle International Energy Partners. The portfolio in Egypt include NEA and NI concessions both 100% owned by Energean and whilst operated through separate 50/50 JV companies they both fall under the overall management of Abu Qir Petroleum. NEA […]

The Ministry of Petroleum and Mineral Resources (MoPMR) has launched a new round of investment opportunities, offering seven undeveloped fields in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert. This initiative is part of the ministry’s ongoing strategy to boost crude oil and gas production, leveraging the […]

Egypt’s latest licensing round and increased production efforts position the country as a key energy player in Africa, with African Energy Week: Invest in African Energies 2025 serving as a pivotal platform for global investors to explore new opportunities Egypt’s energy sector is experiencing a new wave of optimism as the country steps up efforts […]

bp has announced the successful completion of drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta. Drilled using the Valaris DS-12 rig, El Fayoum-5 was spudded on February 14, 2025, and encountered four prospective Messinian […]

Minister of Petroleum and Mineral Resources Karim Badawi received Francesco Gaspari, President of ENI’s subsidiary in Egypt, in the presence of Moataz Atef, Undersecretary of the Minister’s Office, Technical Office and Spokesperson, and Mahmoud Abou El-Yazid, Vice President of the company in Egypt, where they discussed the company’s activities in its concession areas in Egypt, […]

TAG Oil announces the following operations update and upcoming development of the Abu Roash F (ARF) unconventional carbonate reservoir at the Badr Oil Field (BED-1) concession in the Western Desert of Egypt and various corporate initiatives.  The BED4-T100 (T100) horizontal well continues to produce at an average rate of 100 barrels of oil per day […]

Arab African International Bank (AAIB) today issued a $500 million sustainability bond, with investments from IFC, the European Bank for Reconstruction and Development (EBRD), and British International Investment (BII), to advance Egypt’s green transition and micro, small, and medium-sized enterprises (MSMEs). The sustainability bond is the first in Egypt – and the largest issued by a private bank […]

QatarEnergy has entered into an agreement with Chevron to acquire a 23% working interest in the concession agreement for the North El-Dabaa (H4) Block, in the Mediterranean Sea offshore Egypt. Pursuant to the agreement, QatarEnergy will acquire a 23% interest, while Chevron (the operator) will retain a 40% interest. The other partners on the block […]

The Ministry of Petroleum and Mineral Resources announced that the Egyptian Natural Gas Holding Company (EGAS) has launched a new international 2024 bid round for the exploration and exploitation of natural gas and crude oil in 12 blocks in the Mediterranean and the Nile Delta. This includes 10 offshore blocks and two onshore blocks, through […]