E&P | Egypt Oil & Gas - Part 5
Equinor Scores 26 Production Licenses in Norway
Equinor announced that it has been awarded 26 new production licenses by Norway’s Ministry of Petroleum and Energy offered through the 2020 Award in Predefined Areas (APA), the company said in a press release. Accordi...
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 Cric...
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, according to a...
PETRONAS Awards Six Blocks for E&P in Malaysia
PETRONAS announced that it has 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. The six blocks...
Azerbaijan’s SOCAR to Achieve Net-Zero Emissions in Extraction Activities by 2022
SOCAR, Azerbaijan’s state energy firm, declared that it aims to achieve net-zero carbon emissions in its oil and gas extraction activities at its own sites by early 2022, a company official told Reuters. This an...
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. According to the agreement, Equinor will maintain its Wisti...
QatarEnergy, ExxonMobil Sign EPSC with Cyprus for the Offshore Block 5
A consortium comprising affiliates of QatarEnergy and ExxonMobil signed an exploration and production sharing contract (EPSC) with the Republic of Cyprus for the offshore Block 5 located southwest of the island, a pre...
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. The company elaborated that the preliminary estimates indicate that the initial oil in place reaches...
