AfDB Approves $379.6M Desert to Power financing facility for the G5 Sahel countries

The Board of Directors of the African Development Bank Group has approved the Desert to Power G5 Sahel Financing Facility, covering Burkina Faso, Chad, Mali, Mauritania, and Niger. The Bank envisages … Read More

MOROCCO: Sound Energy Issues of Notice to Proceed for Tendrara Concession Phase 1 Development

  Sound Energy has announced the issue to Italfluid Geoenergy S.r.l. of notice to proceed in respect of the project contract for the Tendrara Concession mLNG Facilities Onshore, Kingdom of … Read More

EGYPT: Wintershall Dea Divests its interest in the Gulf of Suez Concession

As of 1st January 2022, after 38 years of economic and efficient production from the Gulf of Suez, Wintershall Dea is closing this chapter of its long oil production history … Read More

TUNISIA: Zenith Energy to Drill Additional Wells in the Ezzaouia & Robbana Concessions

Ezzaouia Concession The Ezzaouia concession is producing approximately 500 barrels of oil per day and 18 MSCF of natural gas at a stable rate. The Company is currently consulting with … Read More

EGYPT: Transglobe Energy Corporation Announces Eastern Desert Contract Execution

TransGlobe Energy Corporation has announced the execution of the new concession agreement consolidating and amending its three existing Eastern Desert concession agreements (West Gharib, West Bakr and North West Gharib). … Read More

EGYPT: Pharos Energy,Energy Ministry Finalize 3rd Amendment to the El Fayum Concession Agreement

Pharos Energy has announced that the Third Amendment to the El Fayum Concession Agreement has been signed by His Excellency Eng. Tarek El Molla (Minister of Petroleum & Mineral Resources … Read More