Egypt’s energy sector is experiencing a new wave of optimism as the country steps up efforts to attract foreign investment in its oil and gas industry.
Evaluation of logging data and formation pressure measurements confirm approximately 34 meters of pay in an overall hydrocarbon column of 45 meters in the Gamba formation, making it the largest hydrocarbon column discovered to date in the Dussafu license. The well was drilled by the Norve jack-up rig to a total depth of 4,135 meters.
Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support.
When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. The Starmer cabinet has stayed true to its word on that—but it is looking for ways to boost production through other means.
Primary Vision’s Frac Spread Count, an estimate of the number of crews completing wells, rose to 214 during the week of February 28, compared to 210 in the week prior, and up from 201 at the beginning of the year. The latest data reflects the highest frac spread count this year
Three years ago, Europe suffered one of its biggest energy crises in modern history following Russia’s invasion of Ukraine.
Norwegian oil and gas operator DNO ASA has reached an agreement to acquire 100% of its compatriot and rival Sval Energi Group from European private equity firm HitecVision, the parties announced on Friday.
The United Arab Emirates’ biggest oil company is seeking to buy its first natural gas producing fields in the US to deepen its presence in the country, according to people familiar with the matter.
Shell PLC and its partners have begun producing petroleum in the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) Phase 4 deepwater project on the border of Malaysia and Brunei.
Africa’s national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players.