JV | Egypt Oil & Gas - Part 2
Eni, PETRONAS Form Southeast Asia Upstream Venture, Targeting $15 Bn Investment
Eni and PETRONAS have signed a binding agreement to create a new joint venture (JV) company, NewCo, which will combine their upstream operations in Indonesia and Malaysia. The agreement was signed on the sidelines of ...
KarmSolar Expands to Cyprus with a 7.6 Megawatt Solar Plant
KarmSolar, Egypt’s pioneering solar energy utility, announced its official expansion into the Cypriot energy market through KarmCyprus, the company’s first international venture. As part of this expansion, KarmCyprus ...
Baker Hughes, Cactus Sign Agreement for JV Providing Surface Pressure Control Solutions
Baker Hughes, a leading American energy technology company, announced that it entered an agreement with Cactus Inc., a U.S.-based manufacturer of pressure control equipment, to establish a joint venture (JV) that prov...
XRG, bp Complete Deal to Establish New JV Operating in Egypt
XRG and bp announced that they have reached financial close and completed formation of their new joint venture (JV) and international natural gas platform – Arcius Energy. Arcius Energy, initially to operate in Egypt,...
Eni, Snam Kick Off Italy’s First CCS Project
Eni and Snam have announced the launch of Ravenna project, the first carbon capture transport and permanent storage of CO₂ in Italy created for exclusively environmental purposes. This came within the framework of the...
Petrojet, Sonatrach Join Forces to Explore JV Opportunities in Algeria
Petrojet has inked an MoU with Sonatrach to explore the feasibility of establishing a joint venture (JV). This comes within the framework of an agreement signed between the Egyptian Ministry of Petroleum and Mineral R...
Shell Egypt Names New Managing Director for JV Rashpetco
Shell Egypt has announced that Khaled Gad was selected as the new General Manager and Managing Director of the Joint venture Rashpetco effective 1st June 2024. Gad is a grounded professional with 27 years of experienc...
ADNOC, bp Forge Joint Venture to Advance Gas Asset Development in Egypt
ADNOC and bp have just announced that they have agreed to form a new joint venture (JV) for developing natural gas facilities in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical capabilities...
