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) and the Ministry of Energy Transition and Sustainable Development (METSD) are joining forces to accelerate the decarbonisation of the electricity sector in Morocco. In a Memorandum of Understanding – signed in Marrakech today by Her Excellency Leila Benali, Minister of Energy Transition and Sustainable Development, and Nandita Parshad, EBRD […]
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 […]
Edison has announced that, following the approval by the Algerian authorities – with a decree published in the official gazette on October 12, 2023 – of the agreements signed on May 4 and June 29, 2022, it has completed the sale of its 11.25% stake in the Reggane Nord licence, in Algeria, to Repsol (6.75%) […]
The CEO of Eni Claudio Descalzi has met the Minister of Energy and Mines of Algeria, Mohamed Arkab, and the newly appointed CEO of SONATRACH, Rachid Hachichi, in Algiers, to discuss gas production and export, investments in the country and energy transition initiatives. Eni and SONATRACH shared the joint programs for the development of Eni’s operated gas […]
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 […]
Predator Oil & Gas has opened exploratory discussions with a group focused on the downstream energy business to potentially sell its share of gas produced at the well head subject to an approved CNG development plan. In order to accelerate the timing of substantive negotiations for the sale of its share of gas, subject to […]
TAG Oil Ltd has commenced drilling the horizontal portion of the BED4-T100 (“T100”) well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 meters. The Company recently performed open-hole logging, formation imaging, and pressure measurement, followed by cement plug-back […]
Egypt, Abu Sennan (22% non-operated working interest, operated by Kuwait Energy Egypt) Oil production from the Abu Sennan Licence in H1 2023 averaged 1,051 bopd (net to United’s 22% working interest) with an additional 93 boepd net gas. The exit rate from the first half was 1,011 bopd net, plus 111 boepd net gas with […]
Barely one month after Kuwait Foreign Petroleum Exploration Company, K.S.C.C. (KUFPEC) and its wholly owned subsidiary, KUFPEC Egypt Limited (KUFPEC Egypt), made a disclosure of a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez, Egypt, BG International Limited, subsidiary of Shell plc., said it has signed Farm Out […]
