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EGYPT: Dana Gas Receives Lowest Payment Since Commencing Cperations

Dana Gas has received a payment of $39 million from the Egyptian Government in December, reducing the Company’s receivables from the North African state below $30 million, to its lowest … Read More

MOROCCO: Sound Energy Announces Phase 1 Development Loan Note Financing and LNG Sale & Purchase Agreement

Sound Energy, the energy transition company, is delighted to announce the entry of binding conditional agreements in respect of a US$18 million Phase 1 Tendrara LNG Development loan note financing … Read More

EGYPT: APA Corporation Announces Ratification of Modernized Production Sharing Contract

APA Corporation has announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company’s current Production Sharing … Read More

EGYPT: TransGlobe Announces Ratification of the Consolidated and Amended Eastern Desert PSC

TransGlobe has said it received notification that its agreement with the Egyptian General Petroleum Corporation (EGPC) to merge, amend and extend its three existing Eastern Desert concessions (West Gharib, West … Read More

LIBYA: Production Stoppage at El-Sharara, El-Feel, Al-Wafa and Hamada fields Halts 300,000bpd

The National Oil Corporation (NOC) has announced the shutting down the crude pumping from the Sharara, El Feel, Al Wafa and Hamada fields which it terms “a new chapter in … Read More

ALGERIA: Eni, Sonatrach to Relaunch Production in the Berkine Basin

The Chief Executive Officer of Sonatrach, Toufik Hakkar, and the Chief Executive Officer of Eni, Claudio Descalzi, in the presence of the Minister of Energy and Mines Mohamed Arkab and … Read More

Africa to Continue Exploiting Hydrocarbon Resources While Exploring the Use of Renewable Energies – APPO

The Council of Ministers of the African Petroleum Producers’ Organization (APPO) just ended its 41st Ministerial Session with a resolve to continue the exploitation of its Member Countries’ huge oil and … Read More

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