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Apache, Shell Set to Drill Premier Unconventional Gas Well in Egypt

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Schlumberger, Aker Solutions Ink Subsea-Focused JV
Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture focused on subsea optimization. The proposed joint venture will combine Schlumberger’s and Aker Solutions’…

California Resources Second Quarter 2022 Results
California Resources Corp. reported second quarter 2022 operational and financial results. The company also announced the formation of a joint venture with Brookfield Renewable, creating a carbon management…

Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…

Talos, Storegga Partner for Carbon Capture Storage Project in GOM
Talos Energy Inc. has formed an exclusive joint venture with Storegga Geotechnologies Ltd. to source, evaluate and develop carbon capture and storage (CCS) project. The JV will evaluate…

ExxonMobil, Petronas Tout Discovery Offshore Suriname
ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname. The well was drilled by operator PETRONAS to a total depth of…
Africa - North Africa News

APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…

TransGlobe Details 2021 Capital Budget, D&C Plans
TransGlobe Energy Corp. announces its 2021 capital budget and production guidance. All dollar values are expressed in US dollars unless otherwise stated. 2021 Budget 2021 capital budget of…

TransGlobe Energy Second Quarter 2020 Results
TransGlobe Energy Corp. reported its Q2 2020 results. Highlights: TransGlobe is focused on conserving cash to proactively manage its balance sheet in the current low commodity price environment.…

Hess' VLCC Storage Strategy Pays Off; Q2 Results
Hess Corp. reported its 2Q 2020 financial results. Taps Three VLCCs to Store Crude; Sells at Premium to Brent Hess chartered three very large crude carriers (VLCCs) to…

ExxonMobil Picks Up 1.7MM Acres Offshore Egypt; Exploration Set for 2020
ExxonMobil has secured more than 1.7 million acres for exploration offshore Egypt. The acquisition includes acreage in the 1.2 million North Marakia Offshore block, which is located approximately…