Tethys Oil Acquires Omani Block 56
Tethys Oil AB will acquire a 20% interest in the exploration and production (E&P) license in Biyaq Oil Field Services covering Block 56 in onshore Oman.
Tethys Oil AB will acquire a 20% interest in the exploration and production (E&P) license in Biyaq Oil Field Services covering Block 56 in onshore Oman.
President Abdelfatah El Sisi has directed the Cabinet to extend the rate of oil and natural gas exploration, with a focus on maximizing the utilization of the country’s natural resources.
Oman has signed an agreement with Mazoon Petrogas Corporation, a subsidiary of Petrogas E&P, to produce oil from concession area number 5.
Eni and BP have entered into a gas Exploration and Production Sharing Agreement (EPSA) for Block 77 with the Government of Oman.
Foreign direct investments (FDI) in South Sudan increased to reach around $1 billion, compared with $250 million in fiscal year (FY) 2016/17.
The government of Yemen has called upon oil companies involved in exploration and production (E&P) to restart work based on mutual partnership agreements.
President Abdel Fattah El Sisi met with the US Energy Secretary Rick Perry to discuss US investments in the area of exploration and production (E&P) and petrochemicals in Egypt.
Lebanon's Minister of Energy and Water Nada Boustani inaugurated a consultation workshop with a number of oil and gas companies.
Qatar Petroleum announced that it has signed an agreement to enter three offshore exploration blocks in Kenya.
Belayim Petroleum Company (Petrobel) announced that it has achieved a new natural gas discovery in the Nile Delta concession area.