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 “ ...
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 ...
Tag Oil, Canadian based international oil and gas exploration company, is preparing to drill a T-200 vertical well in the Badr Oil Field (BED-1) concession located in the Western Desert in 2026, according to its ...
Gulf of Suez Petroleum Company (GUPCO) has completed the drilling of a new exploratory well, South Wasl BB, in the Gulf of Suez. Well tests yielded production rates of about 2,500 barrels of oil per day(bbl/d) and ...
UK-listed Capricorn Energy PLC reported 2025 production in Egypt of 20,024 barrels of oil equivalent per day (boe/d), exceeding the midpoint of its 17,000–21,000 boe/d guidance. By year's end, the company's record ...
The General Petroleum Company (GPC) targets drilling 66 wells, including 8 exploratory ones, with total investments of EGP 8 billion during the coming fiscal year, Chairman Mohamed Abdel Mageed told the company' ...
Chevron Corporation, the upstream-focused producer, has signed lease agreements with the Hellenic Republic, paving the way for hydrocarbon exploration in four offshore blocks in Greece, in partnership with HELLENi ...
As part of efforts to implement the five-year plan to boost production and enhance exploration activities, the Egyptian General Petroleum Corporation (EGPC) held a forum titled “The Systems We Built,” which showca ...
Gulf of Suez Petroleum Company (GUPCO) has brought on stream the development well, Al Wasl-4 in North Safa field. The well is producing around 2,250 (bb/d) of crude oil and approximately 1.3 million cubic feet per ...
Drilling operations in four exploratory wells in the Western Desert yielded positive results, adding approximately 4,500 barrels per day (bbl/d) of crude oil and 2.6 million standard cubic feet per day (mmscf/d) o ...
