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Posted inExploration & Production

Egypt announces $2.1 billion investment in oil and gas exploration

Egypt has announced a total investment of $2.1 billion in oil and natural gas exploration plans until 2025, Minister of Petroleum and Mineral Resources Tarek El-Molla said in a meeting recently. The investments were announced for the Mediterranean Sea in partnership with major international companies, El-Molla noted. Based on the preliminary findings, the new explorations […]

Posted inExploration & Production

QatarEnergy wins offshore exploration block in Brazil

QatarEnergy, in a consortium with oil giants TotalEnergies and Petronas, have been awarded an offshore exploration block during the first cycle of Brazil’s open acreage under a production sharing regime bid held in Rio de Janeiro. Under the terms of the agreements, QatarEnergy will hold a 20% working interest, alongside the operator Petrobras (30%), TotalEnergies […]

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