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Egypt has continued to make strong  moves to attract foreign oil companies to drive investment into the nation’s oil and gas sector, and the Egyptian General Petroleum Corporation and EGAS signed nine exploration deals in January 2021, with plans for further tenders including offshore blocks in the Mediterranean and Nile Delta. Schlumberger is also partnering […]

Wintershall DEA already has strong interests in the region, and in March 2021 signed an agreement to jointly explore the East Damanhour onshore exploration block in Egypt with Cheiron and INA. The company also revealed an artificial intelligence search engine to enhance exploration efforts, allowing users to extract information from unstructured data like reports and […]

ExxonMobil has been looking to divest its 32.7% stake in Iraq’s major West Qurna 1 field. Iraq sent an official request to acquire the company’s shares in the field, which are estimated to value $350 million. ExxonMobil reported Q1 2021 earnings of $2.7 billion on higher oil prices and the company’s focus on cost reductions. […]

Eni has made headlines with a number of projects lately, including existing and new ones in Egypt, the startup of the Mahani well in Sharjah, as well as awards in Ras Al Khaimah and Abu Dhabi, UAE, an offshore deal in Bahrain, and Algeria. The company has also signed several digital and energy transition-related deals, […]