exploration and production | Egypt Oil & Gas

Parliament Approves EGAS, Cheiron Mediterranean Agreement

Egypt's House of Representatives' Energy and Environment Committee has approved a draft law authorizing EGAS to sign a new offshore exploration and production agreement with Cheiron for the East Alexandria Offshor ...

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 Managi ...

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 ...

SPC Signs Agreement with ConocoPhillips, Novaterra to Develop Syria Gas Fields

The Syrian Petroleum Company (SPC) has signed an agreement with US ConocoPhillips, and energy firm Novaterra to develop new natural gas fields in Syira, according to Reuters.

The agreement aims to support t ...

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 dur ...

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 str ...

Madbouly: IOCs Commit to Invest $19Bn Over Three Years

Egypt is accelerating efforts to strengthen its energy sector through new investments, discoveries, and market reforms.
Egypt has secured investment commitments exceeding $19 billion from international partn ...

Egypt, bp, Harbour Sign Deal to Boost Mediterranean Output

The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have signed a Heads of Agreement (HoA) with both  British Petroleum (bp) and Harbour Energy to establish the ex ...

Algeria Launches 2026 Licensing Round Offering Seven Exploration Blocks

Algeria has launched a new oil and natural gas licensing round, offering seven exploration blocks in a bid to bolster hydrocarbon output and attract foreign investment, Reuters reported.
The round, branded “ ...

El-Sisi Approves 2 Laws for Oil Exploration in North Sinai and Gulf of Suez

President Abdel Fattah El-Sisi has ratified two laws authorizing new petroleum exploration and production agreements in North Sinai offshore and the Gulf of Suez.
The first agreement, under Law No. 81 of 202 ...

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