Eni Advances Plan to Find 700 MMboe in 2023

Eni SpA moved forward with plans to discover 700 million equivalent barrels (MMboe) of resources in 2023 with the addition of significant new volumes in first-quarter 2023.

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Wintershall Dea Announces Stable Operational Performance for Q1 2023

Wintershall Dea announced a stable operational performance for Q1 2023 when the company daily output recorded 318,000 barrels of oil equivalent (boe/d) for the quarter.

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Qatar doubles down on LNG amid energy market volatility

The oil and gas sector has been the dominant driver of Qatar economy. Over the years, although that sector has remained the major focus of Qatari investments, the emphasis has increasingly shifted towards the expansion of the country gas production and liquid natural gas (LNG) export capacity.

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Europe eyes Africa as ‘future source of cheap green hydrogen’

After Russia invasion of Ukraine in March 2022 set off a rush for gas resources worldwide, Europe picked Africa as an alternative supply market for natural gas, European energy ministers and other political leaders toured North African countries and gas initiatives in both East and West Africa received renewed support.

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Sixty percent of Egypt’s gas exports went to Europe for the first time

The Egyptian Ministry of Petroleum and Mineral Resources announced Egypt has exported 60 percent of its natural gas production to Europe for the first time.

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Capricorn CEO quits board, NewMed merger in balance after shareholder battle

Capricorn chairperson, chief executive and three other directors have quit the board after weeks of shareholder pressure, led by activist investor Palliser Capital, to overhaul the British oil and gas producer leadership.

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Egyptian LNG Exports Climbing as Europe Demand Fueling Supply Growth

Egypt ramped up LNG exports last year to maximize use of its terminals and further its role as a hub of Mediterranean and Middle Eastern supply to Europe.

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Egypt burns more heavy fuel oil to free gas for export

The amount of carbon-intensive mazut fuel oil Egypt uses in power stations has reached five-year highs as it seeks to maximise the amount of natural gas available for export, data published by the electricity sector regulator showed.

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