The cancellation was due to the low value of the offers.

The Egyptian Electricity Transmission Company (EETC) is planning to launch a new bid for the establishment of four power transformer stations with investments worth $250m in Kafr El Sheikhm ,Quena, New Administrative Capital and Zagazig.

(EETC) decided to delay a bid on electric connection with KSA to April.

NNPC said 50 companies had submitted bids for the supply of sea worthy tugboats and to provide logistics support for safe ship-to-ship operations.

Mozambique's National Petroleum (INP) expects to sign new oil and gas prospecting contracts by early 2017 with the companies awarded rights to test for hydrocarbons across the country.

Tanzania Electric Supply Company (TANESCO) has issued tenders to eligible bidders for the execution of work related to Kenya–Tanzania power interconnection project.

State-run Bahrain Petroleum Company (Bapco) is seeking bids to boost the capacity expansion of its 267,000 b/d Sitra oil refinery.

US energy giants Exxon Mobil and Chevron are among the 21 companies that have registered to bid for Mexico's fourth phase of maiden offshore oil blocks auction, estimated to contain 4b boe in reserves, alongside European biggies.

Egypt recently awarded eight oil and gas exploration contracts for prospecting projects off the North Coast of the Mediterranean Sea. Companies inacluding BP, Petroceltic International, Sea Dragon, Pura Vida Energy and Dana Gas are paying a total of $73.2 million to secure the license deals, which require a minimum investment of $1.2 billion.

The Egyptian government has invited top oil multinationals to bid for exploration licenses in sites located in Upper Egypt known for being rich in natural gas and petroleum, Sherif Ismail, chairman of the state-owned Ganoub El-Wadi petroleum holding company (GANOPE), told Al-Ahram daily newspaper.