Exploration & Production
Egypt collaborates with bp, ExxonMobil for oil and gas expansion
During the meeting Badawi reaffirmed Egypt’s strong support for bp’s efforts to develop its concessions in the Mediterranean Sea
TotalEnergies and Turkey sign 10-year LNG supply deal
Turkish Energy Minister Alparslan Bayraktar stated that these agreements will provide Turkey with an additional 25 billion cubic meters (bcm) of gas
Aramco to increase stake in EIG’s MidOcean to 49%, invest in Peru LNG
Through this deal, Aramco will hold an indirect 17.2% stake in Peru LNG
Saipem lands $4billion contract from QatarEnergy
Saipem has secured multiple multi-billion-dollar deals this year. Among the most significant was a set of three contracts awarded by TotalEnergies in Angola, with a combined value of around $3.7 billion
Egypt: ACWA Power to complete initial phase of Green Hydrogen project by end of 2028
The project, backed by an agreement signed in 2023, represents an investment of over $4 billion
ADNOC and Indian Oil secure 15-year LNG deal
ADNOC has awarded 10% stakes in the Ruwais project to Shell, BP, TotalEnergies, and Japan’s Mitsui
UAE’s Mubadala strengthens ties with Egypt through Natural Gas
The meeting reviewed Mubadala’s natural gas exploration activities in Egypt, with a focus on their participation in key regions of the Mediterranean Sea