Exploration

VAALCO discovers oil offshore Gabon

VAALCO announced the Southeast Etame No. 1 (ETSEM-1) exploration well completed drilling to a total depth of 2,757 m offshore Gabon and encountered approximately five m of Gamba sandstone section which logged oil full to base.

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EGPC grants HPI prime contractor right for major projects

HPI ANNOUNCED THEIR receipt of the EGPC certification from the Ministry of Oil in Egypt. The Egyptian General Petroleum Corporation (EGPC), certifies companies for contracting work in the oil and gas sector. This certification grants HPI the right to act as prime contractor on major projects in Egypt.

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Egypt eyes rig reduction after spill

Egypt is considering reducing the number of oil rigs operating in the Gulf of Suez after an oil spill polluted a stretch of Red Sea coast popular with tourists, the oil ministry said.

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Sonangol needs bigger Galp slice

SONANGOL SHOULD BOLSTER its stake in Portugal's Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.

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Enel signs MOU with Egyptian Ministry of Petroleum

Enel, represented by Massimo Sciancalepore, Head of Business Development, Upstream Gas Division, and the Ministry of Petroleum of the Arab Republic of Egypt, represented by H.E. Ashraf Rashed, Ambassador of the Arab Republic of Egypt in Rome, signed a co-operation agreement aimed at strengthening the long-standing strategic relationship between Enel and the Egyptian Natural Gas Holding Company (EGAS), dating back to 2008.

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