Egypt’s Minister of Petroleum and Minerals, Tarek el-Molla held a discussion session with Tengku Muhammad Tawfiq, executive chairman of Malaysia’s Petronas Group and his accompanying delegation on the sidelines of the COP 27 Climate Summit Conference in Sharm El-Sheikh. The participants discussed Petronas’ current investments in liquefied natural gas export projects in Egypt, through its […]

The National Agency for Petroleum, Gas and Biofuels (ANPG), ExxonMobil Angola and the Angola Block 15 partners announced a new discovery at the Bavuca South-1 exploration well. The well encountered 30 meters (98 feet) of high-quality, hydrocarbon-bearing sandstone. The Bavuca South-1 well is part of the Angola Block 15 redevelopment project. As the Block’s operator, […]

Estimated MOU-2 will commence drilling within the first two weeks of December Well costs prudently managed and as for MOU-1 despite cost inflation Gas sales and CNG financing agreements triggered by release of test results Corporate transaction to monetized shareholder value will be considered after MOU-2 and MOU-1 rigless testing Predator Oil & Gas has […]