E&P | Egypt Oil & Gas - Part 5

Petrobras Finalizes Sale of Espírito Santo Onshore Fields

Petrobras announced that it has concluded the sale of all of its stakes in 27 onshore exploration and production concessions, located in Espírito Santo, jointly denominated Cricaré Cluster to Karavan Seacrest SPE ...

EGPC, Eni Sign $1B Agreement for Oil Exploration in Gulf of Suez, Nile Delta

The Egyptian General Petroleum Corporation (EGPC) and Italian energy company Eni have signed an agreement worth at least $1 billion for oil exploration activities in the Gulf of Suez and the Nile Delta.

PETRONAS Awards Six Blocks for E&P in Malaysia 

PETRONAS anounced that it has been awarded six  blocks  for exploration and production (E&P) operations from 13 offshore exploration blocks offered in the recently concluded Malaysia Bid Round (MBR) 2021.

Azerbaijan’s SOCAR to Achieve Net-Zero Emissions in Extraction Activities by 2022

SOCAR company declared that it aims to achieve net zero carbon emissions by the early of 2022 in its exploration and production (E&P) activities at its own sites.

Equinor, Lundin Energy Sign Barents Sea Wisting Field Agreement

Equinor announced that it has signed an agreement with Lundin Energy to continue as the operator of the Barents Sea Wisting field during the operation phase.

QatarEnergy, ExxonMobil Sign EPSC with Cyprus for the Offshore Block 5 

QatarEnergy and ExxonMobil have signed an exploration and production sharing contract (EPSC) through a consortium comprising thier affiliates with the Republic of Cyprus for the offshore Block 5 located southwest ...

Lukoil Achieves New Oil Discovery in Mexico

Lukoil company announced a new discovery of an oil field within the Yoti West structure at Block 12 offshore Mexico.

Colombia, Anadarko Sign E&P Contracts for Four Blocks

Colombia has signed exploration and production (E&P) contracts with Anadarko company, which is subsidiary of Occidental Petroleum Corporation for four off-shore blocks at the Caribbean coast with expected investme ...

El Sisi Follows Up on Oil Development Projects

President Abdel Fattah El Sisi held a meeting to follow-up on the latest developments of petroleum sector projects across the republic, according to the Presidency Spokesman Bassam Rady.

Russia’s Novatek Acquires E&P Licenses for Two Subsoil Areas

Novatek company announced that it has acquired, through an auction, the geological survey, exploration, and production (E&P) licenses for two subsoil license areas including the Arkticheskoye and Neytinskoye field ...

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