Ganope to Drill 11 Wells in FY 2021/22
The Minister of Petroleum and Mineral Resources announced that the Red Sea region will witness intensive exploration and production (E&P) in oil and natural gas activities.
exploration | Egypt Oil & Gas - Part 9
Consortium of Total, Eni, Novatech Continues Oil Activities in Lebanon
The Caretaker Minister of Energy and Water, Raymond Ghajar, stated that the consortium made up of Total, Eni and Novatech Companies, is continuing its oil activities in Lebanon under the leadership of the operatin ...
ExxonMobil Acquires Offshore Exploration Concession in Egypt
ExxonMobil Egypt (Upstream), in cooperation with Tharwa Petroleum Company, signed an agreement with the Egyptian Natural Gas Holding Company (EGAS) to acquire a concession covering more than 4,000 km2 in the Star ...
Rosneft Makes New Gas Discovery in Arctic Kara Sea
Russian Rosneft Company announced achieving new large gas discovery in the Arctic Kara Sea.
Aramco Maintains $18.75 B Dividends for Q3
Saudi Aramco, the world’s largest oil-producing company, has released its financial results for Q3 2020 with the company pledging to maintain its dividend payment of $18.75 billion.
Norway Receives Large Number of Applications for Next Bid
The Norwegian Ministry of Petroleum and Energy has received a large number of applications from 33 oil companies in the licensing round Awards in Predefined Areas (APA) 2020.
Sound Energy Renegotiates Exploration Permits in Morocco
Moroccan focused upstream gas company, Sound Energy, has, together with its licence partners, renegotiated its Anoual exploration permits with Moroccan National Office of Hydrocarbons and Mines (ONHYM).
Nigeria Begins Oil Exploration in Eight Areas
The Nigeria National Petroleum Corporation (NNPC) begins oil exploration in eight of the 25 local government areas in Niger State, with Nigeria’s reserves expected to increase to 40 billion barrels by 2023.
Qatar Petroleum Wins Exploration Rights in Argentina
The company won the exploration rights as part of two consortia.
Red Sea Bid Winners Permitted to Sell Production: Ganope
Ganope announced that the companies that have been awarded Red Sea 10 exploration blocks will have the right to sell its production shares locally or export it with the Ministry of Petroleum’s approval.
