Algeria’s oil and gas company Sonatrach and Cepsa have signed a Memorandum of Understanding (MoU) to explore joint investment opportunities in Algeria’s hydrocarbon exploration, development and production areas

Eni has announced the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession

Oman and Swedish company Tethys Oil have signed an exploration and production sharing agreement (EPSA) or Block 58 onshore Oman

Rystad Energy has revealed that, in the first half of 2020, the global discovery of conventional resource volumes reached only 4.9 billion barrels of oil equivalent (boe) – the weakest performing first half of the 21st century

Brian Larkin, CEO of United Oil & Gas (UOG), said the result of the El Salmiyah-5 well on the Abu Sennan concession in Egypt has significantly exceeded the company’s pre-drill expectations