Israel and Egypt have agreed to build a pipeline to connect Israel's offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said on Sunday.The Palestinians also said they had signed an agreement with Egypt's energy minister…
Egypt announced on Thursday the start of a bid round for exploration and exploitation of oil and natural gas in 24 blocks.The round, which concludes on Aug. 1, includes nine blocks in the Mediterranean Sea, 12 in the Western Desert and three in the Gulf of Suez…
AbuQir Petroleum, a joint venture between Energean and Egypt's EGPC, has signed an integrated EPCI contract with offshore services provider TechnipFMC for a subsea tie-back located offshore Egypt. The contract covers the Engineering, Procurement…
Russian oil company Lukoil is still working to obtain a share in the offshore block in Senegal containing the Sangomar development, after its first attempt last year to buy Cairn's share in the project was blocked out by Woodside, which exercised its pre-emption rights as a partner in the block…
Norwegian marine seismic data firm PGS, in partnership with Angola's ANPG, has started a new MultiClient 3D survey in the Lower Congo Basin, near the river plume of the Congo in Angola Block 1/14. The acquisition phase will continue until April and fast-track data is expected in October 2021…
Oil firm Tullow has struck a deal to sell its assets in Equatorial Guinea and an offshore block stake in Gabon to Panoro for $180 million and will use the proceeds to reduce debt.Tullow said Tuesday that Panoro would acquire all of its assets in Equatorial Guinea and the Dussafu asset in Gabon…
Nigeria's state oil company is renegotiating commercial contract terms with major oil firms, its chief told Reuters, in a move that it hopes will keep investment flowing into a sector crucial for its economy at a time when spending is being slashed…
Danish offshore drilling company Maersk Drilling has received a conditional letter of award from oil company Tullow for the provision of the Maersk Venturer drillship and additional services for a development drilling campaign at the TEN and Jubilee fields offshore Ghana…
Norwegian oil and gas company Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by $982 million. The company said Friday that while progress has been made in recent years on the commercial framework for TLNG…
Oil and gas drilling rig contractor ADES has secured a new contract for the Admarine 5 jack-up drilling rig in the Gulf of Suez, Egypt.'The contract, secured with a top-tier client, covers a firm six-month period with the option to extend for an additional six months…
Oil and gas firm New Age has received formal approval to apply for a new exploitation agreement for its Etinde license offshore Cameroon.This would replace the existing Etinde Exploitation Agreement which came into force by Presidential decree in January 2015…
Nigeria's parliament will pass the long-delayed Petroleum Industry Bill by the second quarter of 2021, Senate President Ahmed Lawan said during a parliamentary session on Monday.The measure, which is 20 years in the making, underpins everything…
Offshore installation and construction firm Subsea 7 said Friday it had won a substantial contract - so, worth between $150 million and $300 million - to deliver a 'lean gas platform' system to Cabinda Gulf Oil Company Limited (CABGOC) offshore Angola…
Abu Dhabi-based oil and gas company Mubadala Petroleum has acquired a stake in an offshore block in Egypt. Mubadala said Thursday that Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, had signed the concession agreement…
Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition of an oilfield in Nigeria by Eni and Shell.The long-running graft case revolves…
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