exploration and production | Egypt Oil & Gas
OSOCO Increases Output to 1.7 mmboe in FY 2025/26
Offshore Shukheir Oil Company (OSOCO) has increased production to 1.7 million barrels of oil equivalent (mmboe) during fiscal year (FY) 2025/2026, which is equivalent to an average of 7,100 boe per day, successfully o...
Vaalco Energy Advances Offshore Gabon Drilling Campaign With New Gas Well
Vaalco Energy has drilled and brought the ETBNM-3 gas-supply well offshore Gabon into production, while advancing drilling operations at the SEENT platform, according to a company update. The ETBNM-3 well, located in ...
Parliament Approves EGAS, Cheiron Mediterranean Agreement
The Energy and Environment Committee of Egypt’s House of Representatives, chaired by Tarek El Molla, has approved a government-drafted law authorizing the Minister of Petroleum and Mineral Resources to conclude ...
ExxonMobil to Invest $1 Billion in Nigeria
ExxonMobil and its partners will invest $1 billion in the Usan Infill Project offshore Nigeria, a development expected to add about 40,000 barrels per day (bbl/d) of crude oil production. ExxonMobil Nigeria Managing D...
MoPMR Plans 62 EUG Investment Opportunities to Boost Upstream Sector
The Ministry of Petroleum and Mineral Resources (MoPMR) plans to offer 62 investment opportunities through the Egypt Upstream Gateway (EUG). Karim Badawi, Minister of Petroleum and Mineral Resources, announced the pla...
SPC Signs Agreement with ConocoPhillips, Novaterra to Develop Syria Gas Fields
The Syrian Petroleum Company (SPC), a state-owned company, has signed an agreement with US ConocoPhillips and energy firm Novaterra to develop new natural gas fields in Syria, according to Reuters. The agreement aims ...
ADNOC Eyes Canada Upstream and LNG for Global Growth
Abu Dhabi National Oil Company (ADNOC) is exploring potential investments in Canada’s upstream and liquefied natural gas (LNG) sectors through its international investment arm, XRG, a senior executive revealed during ...
Cyprus to Launch First European Gas Exports via Egypt in 2028
Cyprus plans to deliver its first natural gas exports to Europe -via Egypt- in 2028, Nikos Christodoulides, the Cypriot President, told a Cabinet meeting, adding that this step carries strategic importance for strengt...
