Egypt is consolidating her power investment portfolio in energy transition through new wind power project. This time round, the oil rich-country and ACWA Power, a Saudi-listed company has signed a fresh memorandum of understanding (MoU) with the New and Renewable Energy Authority (NREA) to allocate land for a 10 GW wind project in Egypt. The […]

The Board of SDX Energy are aware of rumours concerning its Egyptian business and confirms that the Company has received multiple offers in regard to the sale of its Egyptian assets, which the Board are evaluating. Any proposed transaction would be subject to the usual conditions associated with a transaction of this nature, including but […]

Eni has begun offloading the first LNG cargo into Snam’s new regasification terminal in Piombino today, in the presence of the Minister of the Environment and Energy Security, Gilberto Pichetto Fratin. The terminal has a total processing capacity of 5 billion cubic metres per year, or approximately 7% of Italy’s gas demand. The LNG was […]

United Oil & Gas has given positive and progressive reports on operations in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt. ASD-3 Well Spud The ASD-3 development well has now commenced drilling. This well will be drilled approx. 1.2km […]

United Oil & Gas PLC, the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets has announced the commencement of production from ASH-8 development well (“ASH-8”) in the Abu Sennan licence, onshore Egypt. on 16 March at an initial stabilised rate of c. 2,980 bopd and 2.64 mmscf/d gross (c. 656 […]

SDX Energy, has announced that, at the request of the Egyptian Natural Gas Holding Company (EGAS), its wholly owned subsidiary, Sea Dragon Energy (Nile) B.V., (Nile B.V.) and Energy Flow Global Limited (EFGL) have reconstituted the transaction announced on 1 February 2022. There is no change to the underlying economic substance of the original transaction. […]

Longboat Energy an emerging full-cycle E&P energy firm, has disclosed the company’s update on the status of the PL 939 licence which contains the Egyptian Vulture oil discovery. In October 2021, Longboat announced the Egyptian Vulture light oil discovery (Longboat 15%) close to infrastructure on the Halten Terrace in the Norwegian Sea. The discovery is […]

United Oil & Gas the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets,has presented a positive operational activity on the drilling of the ASH-8 development well (ASH-8) in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated […]

Egypt global quest to become Africa top oil and gas producer is seemingly unhindered; sequel to outbreak of Russian-Ukrainian war African oil and gas exploration has uptick in recent times. Egypt’s Ministry of Petroleum and Mineral Resources has stated the preparedness of his country to launch three international tenders for oil and gas exploration in 2023, as the country […]

Shelf Drilling, Ltd has announced that it has secured a one-year contract extension for the Rig 141 jack-up rig in direct continuation of its current term with Gemsa Petroleum Company for operations in the Gulf of Suez offshore Egypt. Following this extension, the expected availability of the rig is February 2024. Before the Gemsa Petroleum […]