PETRONAS company announced that it has successfully launched the Malaysia Bid Round (MBR) 2021 under the theme “Grow Your Energy Portfolio With Us” through a virtual event to open more investment opportunities for investors to explore and exploit hudrocarbon resource potentials in Malaysia.

The Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas Holding Company (EGAS) have offered the first digital international bid round in 2021 for petroleum exploration and production (E&P) operations in 24 Blocks at the Gulf of Suez, Western Desert and the Mediterranean.

Egypt announced the start of a bid round for oil and gas exploration in 24 blocks, according to Reuters.

The Egyptian Mineral Resources Authority (EMRA) announced to extend the deadline of the bid rounds for gold exploration in its second round to be on Saturday May 15, 2021 at 12 pm Cairo time instead of mid-March.

Tarek El Molla, Minister of Petroleum and Mineral Resources, announced the results of Egypt’s gold bid round, where 11 national and international mining companies won the rights for exploring 82 concession areas for gold in Egypt.

Canadian firm Barrick Gold, Egypt-focused Centamin, and Naguib Sawiris' La Mancha Resources are competing in Egypt's international bid round for gold mining, which the Ministry of Petroleum and Mineral Resources announced last February.

Korra Energi has won two contracts valued at over $1 million to supply natural gas equipment and technologies for two fuel stations including one affiliated with Natural Gas Vehicles Company (Cargas).

The tender is expected to include from eight to 12 concession blocks, including areas in the Western Desert, the Gulf of Suez, and the Eastern Desert, where crude oil is expected be found.

The five new blocks open for bidding are Offshore Block 3, Offshore Block 4, Offshore Block 5, Onshore Block 5 and Onshore Block 2, with the latter offering two separate licensing opportunities for conventional and unconventional oil and gas.

Companies will have to submit their offers maximum by August 1st, 2019. Meanwhile, the designated agreement will have certain terms and conditions.