E&P

  • Khalda, Qarun to Invest $1 b in Western Desert During 2021/22

    Khalda, Qarun to Invest $1 b in Western Desert During 2021/22

    Wednesday, 28th April 2021

    Khalda Petroleum Company and Qarun Petroleum Company announced that they will pump around $1 billion investments in the Western Desert during the fiscal year (FY) 2021/2022, as Khalda targets to invest $830 million while Qarun will invest $252 million in different oil and gas relevant activities

  • Eni Signs EPSA for Block 7 in Ras Al Khaimah

    Eni Signs EPSA for Block 7 in Ras Al Khaimah

    Tuesday, 20th April 2021

    Eni announced that the Chairman of its subsidiary Eni RAK, Fuad Krekshi, has signed an Exploration and Production Sharing Agreement (EPSA) with the Chief Executive of the Ras Al Khaimah Petroleum Authority, Nishant Dighe for the onshore Block 7 located in Ras Al Khaimah of UAE.

  • El Molla Discusses Energy Cooperation with Croatia FM

    El Molla Discusses Energy Cooperation with Croatia FM

    Thursday, 1st April 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, met with the Croatian Minister of Foreign and European Affairs, Gordan Grlić, to discuss possible energy cooperation between Egypt and Croatia.

  • EGAS: Natural Gas Production to Reach 7.2 bcf/d

    EGAS: Natural Gas Production to Reach 7.2 bcf/d

    Sunday, 14th March 2021

    The Egyptian Natural Gas Holding Company (EGAS) announced that it plans to sign three development contracts worth $377.7 million in and complete drilling ten wells in Delta and the Mediterranean (FY) 2021/2022.

  • Wintershall Dea, Cheiron, INA Sign Agreement on Joint Exploration at East Damanhour

    Wintershall Dea, Cheiron, INA Sign Agreement on Joint Exploration at East Damanhour

    Tuesday, 9th March 2021

    The Minister of Petroleum and Mineral Resources, Tarek El Molla, has approved the agreement signed between Wintershall Dea, Cheiron and INA to jointly explore the East Damanhour onshore block.

  • GUPCO to Invest $562 MM in FY 2020/21

    GUPCO to Invest $562 MM in FY 2020/21

    Wednesday, 3rd March 2021

    The Chairman of Gulf of Suez Petroleum Company (GUPCO), Mohamed El Meligy, stated that the company has allocated $562 million its planning budget for the fiscal year (FY) 2020/2021 for investments to implement projects in its fields.

  • PETRONAS Launches Malaysia Bid Round 2021

    PETRONAS Launches Malaysia Bid Round 2021

    Monday, 1st March 2021

    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.

  • Norway Starts Consultations on 2021 Licensing Round

    Norway Starts Consultations on 2021 Licensing Round

    Sunday, 28th February 2021

    Norway commenced negotiations on 2021 licensing round offering new blocks for petroleum exploration in the Arctic Barents Sea.

  • PETRONAS Achieves Gas Discovery in Malaysia

    PETRONAS Achieves Gas Discovery in Malaysia

    Wednesday, 24th February 2021

    ETRONAS Company announced that it has achieved natural gas discovery from Dokong- 1 exploration well in Block SK 417 which is located in in the shallow waters of Baram Province at offshore Malaysia.

  • Egypt Offers First Digital International E&P Bid Round in 2021

    Egypt Offers First Digital International E&P Bid Round in 2021

    Monday, 22nd February 2021

    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.