ADNOC and bp have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio. As part of the agreement, bp will contribute its interests in three development […]

Independent engineering consultancy Longitude Engineering has been awarded a contract to provide detailed design & engineering services for the subsea development of Phase-X at Egypt’s West Delta Deep Marine concession, part of the Burullus Gas Field in the Mediterranean Sea. The West Delta Deep Marine (WDDM) concession is located approximately 90 kilometers offshore Egypt, on the north-western part […]

SDX Energy has confirmed that it has agreed with the buyer the terms of an execution version of the sale and purchase agreement (SPA) for its West Gharib assets. The closing of the transaction remains subject to the completion of certain approvals, including Egyptian government approvals, which are not expected to be withheld, with the […]

Sequel previous update as reported in the November 15,TAG Oil has further released a drilling progress of the BED4-T100 horizontal well in the Badr Oil Field (BED-1) in the Western Desert of Egypt. Drilling has continued from the intermediate cased section of the well and reached a measured depth of 3,312 meters in the Abu-Roash […]

United Oil& Gas has declared a progressive and  positive operational drilling activities on the ASD S-1X exploration well on the ASD south prospect in the Abu Sennan licence, onshore Egypt. This is sequel to its previous communication as dated on 18 December 2023, The ASD S-1X exploration well commenced drilling on 11 November and reached […]

Apex International Energy has reported robust update on its operations from the six concessions in the Western Desert oil producing region of Egypt acquired from IEOC Production B.V. (IEOC), a unit of Eni S.p.A., in the first half of 2023. As previously announced, Apex acquired all of IEOC’s interests in the Ras Qattara, West El […]

United Oil & Gas, the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets, issues the following update in relation to their Jamaican and Egyptian assets.   The Group’s working interest production averaged 1024 boepd (946 bopd oil and 78 boepd gas) for the year to 5 November 2023, […]

Egypt’s petroleum ministry launched an international bidding round for exploration in 23 open blocks, with the offer deadline set for Feb. 25. The round includes 10 areas in Egypt’s Western Desert, two in the Eastern Desert, seven in the Gulf of Suez and four in the Red Sea, the ministry said. Egypt, the most populous […]

The European Bank for Reconstruction and Development (EBRD) is supporting the manufacturing industry in Egypt with a US$ 50 million loan to United Metals Company (UMC), a copper rod manufacturer. Copper is a key material and contributes to the green energy transition in Egypt and Africa. Amid foreign exchange scarcity in Egypt and rising global commodity prices, including […]

QatarEnergy has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International Bid Round. The results of the competitive bid process were announced by Egypt’s Ministry of Petroleum and Mineral Resources, awarding exploration and production rights for block EGY-MED-E8 (East Port Said) to a consortium comprising […]