Egypt is well on the way to establishing itself as a regional gas hub, but faces the challenge of balancing growing export options with strongly rising domestic demand. If tough choices are to be made, Cairo is still likely to prioritise domestic supply. [Gas in Transition, Volume 2, Issue 2]
Equinor, Sonatrach ink upsream MoU
May 17, 2021 2:25:pm
Summary
by: William Powell
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Equinor, Sonatrach ink upsream MoU
Norwegian Equinor and Algerian state Sonatrach have signed a memorandum of understanding (MoU) to examine co-operation within oil and gas exploration and production in Algeria and internationally.
The May 17 MoU also includes possible co-operation within greenhouse gas emissions and carbon management, industrial safety management, implementation of technology to increase hydrocarbon recovery and development of a model for driving high-performance oil operations.
State controlled Equinor entered Algeria in a deal with UK major BP in 2003. It bought a 50% stake in the gas-condensate field In Amenas and 49% in the dry gas field In Salah. Current assets include In Salah and In Amenas, as well as a partnership on exploration in the Timissit licence.
Cameroon Clears New Etinde Licence
Jan 25, 2021 8:00:am
Summary The approval provides the project with greater certainty as its developers prepare to take a final investment decision later this year.
by: Joe Murphy
UK-based New Age (African Global Energy) has secured formal government approval to apply for a new exploitation agreement for the Etinde bloc.
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