EGYPT: Capricorn Receives $50m from the Egyptian General Petroleum Corporation

Capricorn has announced that it has received $50m from the Egyptian General Petroleum Corporation (EGPC). Since 30 June 2025, the Company has received a total of $102m, and its accounts receivable is approximately … Read More

EGYPT: EGAS Awards 6 New Exploration & Production Licenses

As part of the Ministry of Petroleum and Mineral Resources – Egypt ’ plan and strategy to attract new exploration investments, and to support current efforts to increase production, the … Read More

First Oil Achieved from the GNN Discovery in the Southern Gulf of Suez, Egypt

Cheiron has announced that the GNN-4 well, which was drilled to appraise the recent GNN oil discovery, has been completed and successfully tested at initial rates of over 2,000 bopd. … Read More