Agreement | Egypt Oil & Gas - Part 6

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 ...

Iraq, China Sign $848 mn Energy Development Deal in South Basra

Iraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corporation and Basra Crescent to implement an integrated energy project, Reuters reported.

Egypt to Unlock New Areas for Exploration Using Advanced Seismic Survey

The Ministry of Petroleum and Mineral Resources announced Tuesday a new agreement with Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), to conduct a 2D seismic survey spanning 5,233 kil ...

Mubadala Energy Enters Agreement with Pupuk for Gas Supply

Emirati Mubadala Energy has signed an initial agreement with Indonesia's state-owned fertilizer producer, Pupuk Indonesia, to supply natural gas, Reuters reported, citing Paul Slinger, the Head of Communications a ...

Cabinet Greenlights $252mn in Energy Agreements

The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These ...

EGPC Approves the Merger of 8 Capricorn Concessions in Egypt into A Single Agreement

The Egyptian General Petroleum Corporation (EGPC) approved the consolidation of eight of Capricorn’s existing Egyptian concession agreements into a single integrated agreement to be ratified by the Egyptian Parlia ...

AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal

Minister of Petroleum and Mineral Resources Karim Badawi attended the signing ceremony of a model agreement for the exploitation of gold ore and associated minerals in certain areas of Egypt's Eastern Desert, betw ...

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