Egypt sees a decline in gas and oil exports

With large reserves of both resources, Egypt has been a prominent player in the oil and gas sector for a long time. However, the nation oil and gas exports have drastically decreased in recent years.

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Dana Gas reports $49.86mln net profit in Q1 2023

Profitability for the quarter dropped just 7% compared to a 22% decrease in the Company realized prices during the period

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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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