Category: Agreement

Spanish Xcaliebr to Run Aerial Mining Survey Across Egypt

Egypt is set to conduct a comprehensive airborne geophysical survey of mineral potential nationwide under a Memorandum of Understanding (MoU) signed between the Mineral Resources and Mining Industries Authority and Spain’s Xcalibur Smart Mapping. The project will provide technological solutions for planning and evaluating mineral-rich deposits across the nation. The agreement was signed by Yasser […]

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ADNOC Gas Signs Up to $4.2 Billion Supply Deal with EMSTEEL

ADNOC Gas, the integrated natural gas company and a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a long-term agreement with Emirates Steel Arkan (EMSTEEL), one of the Middle East’s largest integrated steel and building materials producers. The deal, valued between $3.5 billion and $4.2 billion, will secure a stable supply of […]

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EGPC, ExxonMobil Sign Agreement to Boost Fuel Transport Safety

The Egyptian General Petroleum Corporation (EGPC) has signed a strategic Memorandum of Understanding (MoU) with ExxonMobil Egypt to enhance risk management, operational safety, and training across Egypt’s fuel transportation and distribution system. According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the MoU was signed in a meeting attended by Salah […]

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Egypt, Russia Seal Fuel Order, Cooperation for El-Dabaa Nuclear Plant

Egypt and Russia’s state-owned Rosatom have signed a nuclear fuel purchase order and a comprehensive cooperation agreement for the El-Dabaa Nuclear Power Plant. The signings occurred during a high-profile ceremony for the installation of the Reactor Pressure Vessel (RPV) for Unit 1 of the plant. President Abdel-Fattah El-Sisi and the Russian President Vladimir Putin attended […]

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bp Sells Minority Stakes in US Midstream Assets to Sixth Street for $1.5 Billion

bp has reached an agreement with Sixth Street-managed funds for the sale of non-controlling interests in its Permian and Eagle Ford midstream assets. The transaction is valued at $1.5 billion and will be executed in two phases. Approximately $1 billion will be paid at signing, with the remaining amount expected by the end of the […]

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bp, Eni Extend Baltim East Lease Offshore Nile Delta

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italian Eni and UK bp to extend the development lease for the Baltim East field in Baltim, offshore the Nile Delta region. Under the extended agreement, Eni and bp plan to reinvest and expand their operations in the Baltim East field over the next […]

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ExxonMobil Mulls Resuming Operations in Iraq

ExxonMobil, an American energy giant, is exploring the possibility of returning to operations in Iraq after nearly two years’ hiatus by signing preliminary agreements to begin work on the Majnoon oil field in southern Iraq. The oil field, located about 60 kilometers north of Basra, is recognised as one of the world’s most resource-rich fields, […]

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ExxonMobil Egypt and Octane Partner to Digitize Vehicle Services Nationwide

ExxonMobil Egypt, a leading provider of high-quality lubricants and fuels, has signed a cooperation agreement with Octane, an Egyptian fintech company providing a digital wallet and management platform for vehicle-related expenses, to support the transport sector in the domestic market and blend industry with technology. Through this deal, ExxonMobil Egypt will provide high-quality lubricants and […]

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TotalEnergies Sells Interests in Mature Norwegian Offshore Fields

TotalEnergies, a multinational integrated energy and petroleum company, has reached an agreement to sell its interests in the West Ekofisk, Albuskjell, and Tommeliten Gamma fields offshore Norway. The deal is to be completed in Q4 2025, the company said. The announcement follows remarks by Chairman and CEO Patrick Pouyanné, who referred to the sale as […]

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Shell Lubricants and EDC Enter Exclusive 5-Year Production Partnership

Shell Lubricants Egypt (SLE) and the Egyptian Drilling Company (EDC) have renewed their strategic partnership by signing a five-year agreement that places SLE as the exclusive supplier for EDC’s equipment and fleet of 70 active rigs, according to a Shell press release seen by Egypt Oil & Gas. The renewal ceremony brought together leaders from […]

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TotalEnergies Acquires 49% Stake in US Natural Gas Company

TotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continental in the Anadarko Basin, Oklahoma, the company reported in a press release. This acquisition of low-cost, long-life assets strategically connected to the Henry […]

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Eni, OCTP Partners Join Forces with Ghana to Power Energy Growth, Sustainability

Eni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas production while advancing new sustainability initiatives. The deal outlines a plan to explore a holistic investment strategy that will help advance […]

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Baker Hughes Secures Deal with Halfaya Gas to Drive Flare Reduction Initiative in Iraq

During the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company […]

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EGPC Strikes Three New Exploration Agreements Across Egypt

The Egyptian General Petroleum Corporation (EGPC) has signed three new agreements with international companies to explore for oil and gas in the Western Desert, Gulf of Suez, and North Sinai regions. The first agreement was signed with Berenco Egypt to drill three wells in the North Sinai offshore area with investments of  $46 million and […]

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SOMO Negotiates with Exxon for Storage Space in Singapore

The State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA). It added that the negotiations also include other agreements to strengthen storage and refining activities in Asia, emphasizing Iraq’s ongoing status as a major crude oil […]

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TotalEnergies, SAPETRO Sign PSC for Nigerian Offshore Blocks

TotalEnergies has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum (SAPETRO) for two offshore exploration licenses in Nigeria. Under the deal, TotalEnergies will operate the licenses with an 80% interest, while SAPETRO holds the remaining 20%. The blocks, PPL 2000 and PPL 2001, were awarded in the 2024 Exploration Round organized by the […]

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Baker Hughes Awarded Long-term Agreement to Supply Services to bp’s Tangguh LNG Plant

Baker Hughes, an energy technology company, won a long-term agreement for supplying services to bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. Under the 90-month deal, Baker Hughes will deliver spare parts, repair solutions, and field engineering services for essential turbomachinery—including heavy-duty gas turbines, steam turbines, and compressors—across three LNG […]

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Chevron Returns to Iraq, Develops Exploration Blocks in Nasiriyah

Chevron, the American oil giant, has signed a Principle Agreement with the Iraqi Oil Ministry to develop the Nasiriyah Project, including four exploration blocks, the Balad oil field, as well as other producing fields and exploration blocks, according to a press statement by the office of the Iraqi Prime Minister, Mohammed Al Sudani. During his […]

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Eni Sells 49.9 % of its CCUS subsidiary to GIP

Eni signed an agreement with  Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock, for selling a share of  49.99% in Eni CCUS Holding, a leading global player in the CCUS sector (Carbon Capture, Utilization and Storage). Eni created Eni CCUS Holding to fully leverage the industrial opportunities and increase […]

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Halliburton to Provide Well Simulation Services to ConocoPhillips for Improving Operation Efficiency

ConocoPhillips Skandinavia AS, a US.-based multinational energy corporation, has contracted Halliburton, one of the world’s major energy solutions provider, to supply integrated well stimulation services designed to increase well efficiency and maximize reservoir production. According to Halliburton’s statement, the contract’s term is five years, with the option to extend it for three additional periods. Under […]

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Egypt Signs $490M Financing Deal for New Alamein Soda Ash Plant

The Egyptian Soda Ash Company (ESAC) and several national and regional financing institutions signed an Agreement in Principle (AIP) for financing a Soda Ash production project for an estimated $490m. The ESAC project’s goal is to produce 600,000 tons of soda ash and its derivatives annually within the industrial zone of New Alamein City. The […]

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Egypt signs New Gas Exploration deals with Eni and bp

The Egyptian General Petroleum Corporation (EGPC); and the Egyptian Natural Gas Holding Company (EGAS) signed a new agreement with Italy’s Eni, represented by its Egyptian subsidiary, the International Egyptian Oil Company (IEOC) ; and British bp, to begin exploration activities in the Mediterranean Sea. The agreement includes drilling an exploratory well in the Temsah concession […]

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ETHYDCO and EPROM Form a Partnership to Enhance Operational Efficiency

The Egyptian Ethylene and Derivatives Company (ETHYDCO) and the Egyptian Projects Operation and Maintenance Company (EPROM) signed a Technical Services Agreement for the provision of technical services, project collaboration, and support in technical and engineering fields. This agreement allows ETHYDCO to utilize  EPROM’s technical and operational expertise, especially in integrated technical support for its projects […]

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Baker Hughes in Negotiation to Acquire Chart Industries in $13.6bn Deal

Baker Hughes, the global oil and gas innovations supplier, is about to acquire Chart Industries, a U.S-based industrial manufacturing company working in gas-handling systems, through a deal worth $13.6 billion, Reuters reported. Sources said the transaction is expected to be announced in the coming days, though they noted that the agreement is not yet final. […]

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Saipem, Subsea 7 Sign Merger Agreement

Saipem, an Italian multinational oilfield services company, along with with Subsea 7, a Luxembourgish subsea engineering and construction company, signed a binding merger agreement based on the terms and conditions that have been previously communicated at the Memorandum of Understanding (MoU) that was signed in February 2025. As a result of the merger, a global […]

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Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement

Turkey has sent a request to Iraq asking to renew and expand the collaboration between the two countries in energy, the Iraq News Agency reported. The request was attached with a draft for a new inclusive agreement in oil, gas, petrochemical industries, and electricity. This followed Turkey’s announcement to terminate the agreements and protocols signed […]

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EMRA Mulls Amending Abu Marawat Concession Agreement with Aton

The Egyptian Mineral Resources Authority(EMRA) and Aton Resources Company have signed a preliminary deal to amend the Abu Marawat Concession agreement. This came in the presence of the Minister of Petroleum and Mineral Resources Karim Badawi, on the sidelines of the Egypt Mining Forum held during the period between 15- 16 July.  The agreement was […]

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Wadico is to Launch Egypt’s First Oil Shale Exploration and Production Project

New Valley Company for Mineral Resources and Oil Clay (Wadico) signed a strategic cooperation agreement with the global BCM Group. This agreement is set to launch the first project of its kind in Egypt for the exploration and production of oil shale. The agreement aligns with Egypt’s national drive to develop its mining sector and […]

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Aramco Negotiates to Increase LNG Purchases from USA

Oil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reuters. Two of the sources revealed that the discussions involve a potential supply deal of 2 million metric tons per year (mtpa) of LNG. […]

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Ganope Signs 2D Seismic Survey Project Agreement with Ardiseis

Ganoub El Wadi Petroleum Holding Company’s (Ganope) signed a new agreement with the Egyptian Branch of the Saudi company Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), in presence of Karim Badawi, Minister of Petroleum and Mineral Resources. The agreement aims to implement a 2D seismic survey project in areas of the Southern […]

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TotalEnergies Acquires PETRONAS’s Blocks Shares

TotalEnergies acquired PETRONAS interests in multiple blocks offshore Malaysia and in one block offshore Indonesia. The blocks are still under operations of exploration, appraisal and development programs. According to the partnership, TotalEnergies is to take over 50% of PETRONAS’s shares in Blocks SK301b and SK313. Significant gas discoveries were made at these blocks, with production […]

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Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria

Nigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expected to support the arrangement. Oil-backed loans allow a company or a country to acquire a loan in exchange for future oil production or […]

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Eni, YPF Ink Agreement for Large-scale Argentina LNG Project

The Italian multinational energy giant Eni announced and Argentina’s leading energy company YPF have signed a key agreement to advance the Argentina LNG (ARGLNG) project. The agreement was signed during a meeting between Argentine President Javier Milei and Italian Prime Minister Giorgia Meloni. The agreement outlines the necessary steps to reach a final investment decision […]

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GIP Gets the Exclusive Right to Negotiate the Purchase of Eni’s Carbon Capture unit

Eni, the Italian oil giant, has signed an exclusivity agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor. According to the agreement, Eni will be negotiating only with  GIP-excluding all other competitors, on the sale of the 49.9 per cent Eni holds in Eni CCUS Holding – a leading European player in the […]

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Iraq, China Sign $848 mn Energy Development Deal in South Basra

Iraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corporation and Basra Crescent to develop the Iraqi Tuba field and increase its production from 20,000 b/d to 100,000 barrels per day (b/d) , according to Reuters. The project will also include establishing a refinery with a capacity of 200,000 barrels, a […]

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Egypt to Unlock New Areas for Exploration Using Advanced Seismic Survey

The Ministry of Petroleum and Mineral Resources announced Tuesday a new agreement with Ardiseis, a subsidiary of Arabian Geophysical and Surveying Company (Argas), to conduct a 2D seismic survey spanning 5,233 kilometers across the West Assiut and Dakhla Basins. The company will be utilizing onshore node technology in Egypt for the first time—an advanced seismic […]

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Mubadala Energy Enters Agreement with Pupuk for Gas Supply

Emirati Mubadala Energy has signed an initial agreement with Indonesia’s state-owned fertilizer producer, Pupuk Indonesia, to supply natural gas, Reuters reported, citing Paul Slinger, the Head of Communications at Mubadala Energy. According to the Agreement, Mubadala will supply 115 million standard cubic feet per day (mmscf/d) to Pupuk’s methanol plant and 85 mmscf/d to its […]

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Cabinet Greenlights $252mn in Energy Agreements

The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation(EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These agreements cover oil exploration and exploitation in the Northwest El-Maghara in the Western Desert, East El-Hamd and East Gemsa offshore Gulf of Suez, as well as exploration and […]

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EGPC Approves Merging 8 Capricorn Concessions in Egypt in Single Agreement

The Egyptian General Petroleum Corporation (EGPC) approved the consolidation of eight of Capricorn’s existing Egyptian concession agreements into a single integrated agreement to be ratified by the Egyptian Parliament in 2025. The concessions, in which Capricorn together with Cheiron Oil and Gas Limited hold a 50% stake, are the Badr El Din (BED), Obaiyed, North […]

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AngloGold Ashanti Expands Investment in Egypt with New Gold Exploration Deal

Minister of Petroleum and Mineral Resources Karim Badawi attended the signing ceremony of a model agreement for the exploitation of gold ore and associated minerals in certain areas of Egypt’s Eastern Desert, between the Egyptian Mineral Resources Authority (EMRA) and AngloGold Ashanti. The agreement was signed by Yasser Ramadan, Chairman of EMRA, and Mohamed El […]

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