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Egypt, Ruhrpumpen Discuss Localizing Pump Industry

Prime Minister Mostafa Madbouly held a meeting to discuss enhancing possible cooperation opportunities between the government and the Egyptian German Pump Company (Ruhrpumpen Egypt), which specializes in pump production, the Cabinet announced.

VAALCO Energy, TransGlobe Energy Approve Strategic Business Combination

TransGlobe Energy Corporation announced that it has approved the plan of arrangement in which VAALCO Energy Canada ULC (AcquireCO) will acquire all the issued and outstanding TransGlobe common shares.

Chevron, CalBio Strengthen Cooperation in Dairy Biomethane Fuel Projects

Chevron and California Bioenergy declared a joint investment in their second holding company to develop and sell dairy biomethane as a renewable natural gas (RNG) transportation fuel in the state.

TotalEnergies, Holcim Ink MoU to Explore Solutions for First Carbon-Free Cement Plant in Belgium

TotalEnergies and Holcim signed memorandum of understanding (MoU) to collaborate on the full decarbonization of a cement production facility that Holcim is upgrading in Obourg, Belgium.

Egypt Oil & Gas Production Report

Capricorn Energy Proposes Combination with NewMed Energy Limited

Capricorn and NewMed Energy companies announced a proposed combination, to create a MENA gas and energy champion and one of the largest upstream energy independents listed in London.

European Commission Warns EU That Gas Price Cap Poses Risks

In response to appeals from several nations for Brussels to act to control skyrocketing gasoline costs, the European Commission has issued a warning to EU member states that a broad cap on gas prices could be difficult to implement and present dangers to energy security.

Some EU Member States Push for Bloc-Wide Gas Price Cap

A number of EU nations are urging Brussels to present proposals this week for a natural gas price cap that would apply to the entire EU, according to a letter seen by Reuters.

Aton Announces Hamama West Gold-Silver Project Updates

Aton Resources Incorporation announced the latest assay results from its Hamama West gold-silver project, which is located in the Company’s 100% owned Abu Marawat Concession, in the Eastern Desert of Egypt.

Egypt, Methanex Discuss Latest Developments of Operational Safety Management Program

Minister of Petroleum and Mineral Resources Tarek El Molla has received Brad Boyd, the Senior Vice President of Corporate Resources at Methanex Corporation, to discuss the latest updates on the operational safety management program, within the framework of the memorandum of understanding (MoU) that was signed between the Ministry and the company to cultivate operational safety management principles at Egyptian petroleum companies.

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