Egypt

Project implementation agreement for Petrojet Company in Guinea

Engineer Tariq Al Mulla, Minister of Petroleum and Minerals, witnessed the signing of two memoranda of understanding to work in the implementation of petroleum projects in Equatorial Guinea through Petrojet Company, the executive arm of the Egyptian petroleum sector.

The Minister of Petroleum signed a memorandum of understanding with the State of Somalia.

Engineer Tariq Al Mulla, Minister of Petroleum and Mineral Resources, signed a memorandum of understanding with his Somali counterpart, Abd Al-Rashid Mohamed Ahmed to support and enhance cooperation between Egypt and Somalia in the fields of oil, gas and wealth Mineral and the transfer of Egyptian experiences in these areas to Somalia through the establishment of mutual cooperation between Petroleum and mining sector companies in both countries.

Egypt aims for next growth phase with downstream MOUs

At the launch of the fourth edition of Egypt Petroleum Show 2020 (EGYPS) on Tuesday, the country’s energy ministry announced several Memorandum of Understanding (MOU), among which was the Suez Canal Corridor Petro-Refinery Complex.

TransGlobe Energy announces its 2020 capital budget, 2019 year-end reserves

TransGlobe Energy has announced its 2020 capital budget, 2020 production guidance, and 2019 year-end reserves. All dollar values are expressed in US dollars unless otherwise stated.

Shell starts receiving offers from IOCs to acquire its Egypt assets

Dutch Shell has started to receive offers from international companies to buy its current assets from oil and natural gas concessions in the Western Desert in Egypt, and plans to finish the sale by the end of this year.

Egypt, ExxonMobil Ink Two Agreements Worth $332 MM

The Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two new exploration and production (E&P) agreements with ExxonMobil and the Egyptian Natural Gas Holding Company (EGAS), according to a press release.

Exxon Signs Deals With Egypt For Oil, Gas Exploration in East Mediterranean

ExxonMobil and Egypt have signed two oil and gas exploration deals in the Eastern Mediterranean, the Egyptian Ministry of Petroleum said on Tuesday, weeks after Exxon said it had secured exploration acreage offshore Egypt.

SDX Energy provides year end operational and financial update

SDX Energy Plc, the MENA-focused oil and gas company provides a year end 31 December 2019 operations and financial update and sets out production and capex guidance for 2020. All monetary values are expressed in United States dollars net to the Company unless otherwise stated.