United Energy (MENA), a wholly-owned subsidiary of United Energy Group (UEG), has signed a Sale and Purchase Agreement with Apex International Energy. The agreement stipulates that United Energy (MENA) will fully acquire Apex’s upstream oil and gas exploration and production operations in Egypt. After the completion of the transaction, UEG‘s gross production in Egypt in […]

Baker Hughes announced that it has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and power island to support Venture Global (VG) LNG projects in the United States. In addition, Baker Hughes signed a multi-year services frame agreement, including maintenance, inspection, repairs and engineering services, to support phases 1 […]

Highlights of the Naingopo well: Encountered over 50 meters net reservoir in the Otavi Group, derived from log analysis and indications of oil, which will be further confirmed from side wall cores. Indications of oil observed from the Damara Fold Belt. Follow-on drilling in the Damara Fold Belt is accelerated to drill Prospect I ahead […]