agreements | Egypt Oil & Gas

Egypt Approves $52.97 Mn Exploration Agreements for Mediterranean, Nile Delta

The Egyptian Cabinet approved four draft petroleum agreements that cover drilling of at least six wells, and have a minimum investment value of $52.97 million, Prime Minister Moustafa Madbouly announced during the ...

EGAS, Chevron Set September Deadline on Aphrodite Gas Deal

Egypt and Cyprus are moving closer to finalising the technical and commercial agreements to connect Cyprus’s Aphrodite offshore natural gas field to Egypt's infrastructure. The project aims to transport the field’ ...

AVEVA Unveils Industrial AI Deals With IFS, Snowflake, AWS at Milan Summit

Global software leader AVEVA and the Swedish multinational software company Industrial and Financial Systems (IFS) announced a technology partnership to help industrial organizations connect operational intelligen ...

Cabinet Approves two Concession Agreements for Oil and Gas Exploration

The Egyptian Cabinet approved a draft concession agreement for the exploration and exploitation of natural gas and crude oil in the Lotus offshore area in the Mediterranean Sea between the Egyptian government, the ...

El-Sisi Approves 2 Laws for Oil Exploration in North Sinai and Gulf of Suez

President Abdel Fattah El-Sisi has ratified two laws authorizing new petroleum exploration and production agreements in North Sinai offshore and the Gulf of Suez.
The first agreement, under Law No. 81 of 202 ...

Egypt Inks $740m Fertilizer and Chemicals Agreements in SCZONE

Two agreements, with total investments of $740 million for establishing a Phosphate Fertilizer plant and a Chemical project in the Suez Canal Economic Zone(SCZONE), were signed on April 8 in the presence of  Prime ...

Chevron, Shell Near First Major Oil Deals in Venezuela After Maduro Capture

International oil majors, Chevron and Shell, are nearing agreements to expand oil and gas production in Venezuela, marking the first major deals since the US capture of President Nicolás Maduro in January, five so ...

PETRONAS Launches Malaysia Bid Round 2026, Offering Nine Exploration Blocks

Through Malaysia Petroleum Management (MPM), Petronas has officially launched the Malaysia Bid Round 2026 (MBR 2026) under the theme “Advantaged Energy: Accelerating and Shaping Tomorrow,” as part of efforts to re ...

Libya Secures $20 Bn Oil Investment Deal to Boost Output Capacity

Libyan Prime Minister Abdulhamid al-Dbeibeh has announced a landmark 25-year oil development agreement with France’s TotalEnergies and US-based ConocoPhillips, committing more than $20 billion in foreign-funded in ...

Saudi Aramco to Sign 4 Mn TPA US LNG Deals with Woodside, Commonwealth

Saudi Aramco is set to sign two major liquefied natural gas (LNG) supply agreements in the US next week with Woodside Energy and Commonwealth LNG, according to sources cited by Reuters.

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