Agreement | Egypt Oil & Gas - Part 5

Saipem, Subsea 7 Sign Merger Agreement

Saipem, an Italian multinational oilfield services company, along with with Subsea 7, a Luxembourgish subsea engineering and construction company, signed a binding merger agreement based on the terms and condition ...

Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement

Turkey has sent a request to Iraq asking to renew and expand the collaboration between the two countries in energy, the Iraq News Agency reported. The request was attached with a draft for a new inclusive agreemen ...

EMRA Mulls Amending Abu Marawat Concession Agreement with Aton

Witnessed by the Minister of Petroleum and Mineral Resources Karim Badawi, the Egyptian Mining Resources Authority (EMRA) and Aton Resources Company have signed a preliminary agreement to study amending the Abu Ma ...

Wadico is to Launch Egypt’s First Oil Shale Exploration and Production Project

New Valley Company for Mineral Resources and Oil Clay (Wadico) signed a strategic cooperation agreement with the global BCM Group. This agreement is set to launch the first project of its kind in Egypt for the exp ...

Aramco Negotiates to Increase LNG Purchases from USA

Oil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reu ...

Ganope Signs 2D Seismic Survey Project Agreement with Ardiseis

Ganoub El Wadi Petroleum Holding Company's (Ganope) signed a new agreement with the Egyptian Branch of the Saudi company Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), in presence of ...

TotalEnergies Acquires Stakes in PETRONAS Malaysian and Indonesian Assets

TotalEnergies acquired PETRONAS interests in multiple blocks offshore Malaysia and in one block offshore Indonesia. The blocks are still under operations of exploration, appraisal and development programs.

Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria

Nigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expect ...

Eni, YPF Ink Agreement for Large-scale Argentina LNG Project

The Italian energy giant Eni and Argentina’s leading energy company YPF have signed a key agreement to advance the Argentina LNG (ARGLNG) project. The agreement was signed during a meeting between Argentine Presid ...

GIP Gets the Exclusive Right to Negotiate the Purchase of Eni’s Carbon Capture unit

 Eni, the Italian oil giant, has signed an exclusivity agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor. According to the agreement, Eni will be negotiating only with G ...

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