Eni new oil and gas discoveries in the Meleiha concessions, in Egypt’s Western Desert have rallied approximately 8,500 barrels/day of oil equivalent. These new discoveries have already been connected and tied into production, in line with the Infrastructure-led exploration strategy, allowing to maximize exploration opportunities nearby existing infrastructures. The results were obtained through Nada E […]

The Chairman of EGAS, Magdy Galal, and the COO Natural Resources of Eni, Guido Brusco, has signed in Cairo a framework agreement that will allow to maximize gas production and LNG exports. The agreement aims to promote Egyptian gas export to Europe, and specifically to Italy, in the context of the transition to a low […]

In the presence of the Algerian President Abdelmadjid Tebboune and the Italian Prime Minister Mario Draghi, the President of Sonatrach, Toufik Hakkar, and the CEO of Eni, Claudio Descalzi signed today in Algiers an agreement that will allow Eni to increase the quantities of gas imported through the TransMed / Enrico Mattei pipeline under the […]

TransGlobe Energy Corporation has announced an operations update of total Production averaging 12.4 MBoepd in Q1, 2022. Two 100% working interest (one 2-mile, one 1-mile) Canada Harmattan horizontal Cardium reservoir development wells were also drilled in the same period under review. In its African operations, the company also disclosed the drilling and casing of three […]

Barely recent weeks after the company announced major oil discoveryin the Zemlet el Arbi concession, located in the Berkine North Basin in the Algerian desert, Eni has disclosed that the  Chief  Executive Officer, Claudio Descalzi, has met in Algiers the Prime Minister Aymen Benabderrahmane and the Minister of Energy, Mohamed Arkab, to discuss the company’s current […]

Claudio Descalzi, Chief Executive Officer of Eni, met with the President of the Arab Republic of Egypt, Abdel Fattah el-Sisi, to discuss Eni’s activities in the country and the areas of common interest and collaboration. The Minister of Petroleum & Mineral Resources Tarek El-Molla was also present at the meeting. The main issues addressed were […]

QatarEnergy has entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt. Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the […]

United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce an update on the ASD-2 development well in the Abu Sennanlicence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Highlights The ASD-2 well […]

WintershallDea and Sonatrach have expanded their Memorandum of Understanding, originally signed in August 2020. This is in continuation to explore new opportunities in Algeria in the field of gas production and low-carbon energy solutionsThe MOU now sets a basis for the company to consider new business opportunities in Algeria, not just in natural gas but […]

Sound Energy, the transition energy company, has released its audited final results for the year ended 31 December 2021. Development of the Moroccan Tendrara Production Concession Phase 1 Micro LNG project 10-year take or pay Gas Sales and Purchase agreement signed with AfriquiaGaz Execution of $18.0 million loan facility from AfriquiaGaz (with 6% annual coupon […]