Dana Gas has signed up a $90 million corporate facility from Mashreq Bank, allowing it to redeem its sukuk when it falls due at the end of the month.
Despite a major demand shock this year, gas plans are scaling up, according to Arab Petroleum Investments Corporation (Apicorp).
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
Eni and BP have made a new gas find in the Great Nooros area, in the Abu Madi West lease offshore Egypt.
58 Egyptian offshore workers have finally returned home, four months after their initial two-month stint ended.
Noble Energy raised the possibility of selling out to Chevron on May 12. The super-major took only until May 28 to indicate it would be keen for such a deal.
TGS has launched its first regional airborne enhanced full tensor gravity gradiometry (eFTG) multi-client survey in Upper Egypt.
TransGlobe Energy has posted a net loss of $13.4 million for the second quarter, as production declined and prices fell.
Turkey has issued a new navigational warning – navtex – on waters also claimed by Greece.
Egypt and Greece have signed an agreement on how to divide territorial waters, a move swiftly condemned by Turkey.
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
Ethiopia has been forced to deny that it has begun filling the Grand Ethiopian Renaissance Dam (GERD) as a dispute with its Nile neighbours Sudan and Egypt simmers on.
A fire on the Shokeir-Mostorod pipeline has been extinguished, although 17 people have been reported as being injured.
African states trying to secure domestic energy infrastructure have tended to struggle with creditworthiness, which makes project financing more difficult.
Pharos Energy has put on hold all development work in Egypt, which will lead production to decline.
TechnipFMC has won work to build a new hydrocracking complex for the Assiut refinery, in Egypt.
Eni has found gas offshore Egypt, in the Nile Delta’s North El Hammad licence.
Egypt has lost its bid seeking more time in its dispute with Union Fenosa Gas (UFG), over a failure to supply gas to a liquefaction plant at Damietta.
United Oil & Gas (UOG) has increased its net production from Egypt’s Abu Sennan concession by 69%, while also reporting a reserve boost.
Cheiron has begun producing crude from a new field in Egypt’s southern Gulf of Suez, following the GNN oil discovery.
Belayim Petroleum (Petrobel) has terminated the contract for Shelf Drilling’s Trident 16, only three months after extending it.
Testing of Egypt’s El Salmiyah-5 has seen the well flow at rates of around 8,700 barrels of oil equivalent per day, United Oil & Gas has reported.
Turkey’s Ministry of Foreign Affairs has warned that any attempts by General Khalifa Haftar to target its interests in Libya would have “severe consequences”.
SDX Energy reported a strong first quarter based largely on its fixed price gas business.
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.