Egypt
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Formerly titled E&P Notes, this monthly snapshot of global E&P activity highlights ongoing developments worldwide. -
A memorandum of understanding between the companies targets technical services for safety and performance across Egypt’s onshore and offshore assets.
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An earlier deal to double Israel’s gas exports to Egypt led to approval of Leviathan’s Phase 1B expansion by guaranteeing long-term cash flow to finance the project.
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Only about one-third of Africa’s discovered hydrocarbon resources have reached commercialization.
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Updates about global exploration and production activities and developments.
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Nitzana will enable Israel to double gas exports to Egypt from the giant Leviathan gas field in the Eastern Mediterranean.
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Egypt’s newest round of drilling agreements advances its quest to boost investment in mature fields to stop the freefall in gas production.
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NewMed has targeted the fourth quarter of 2025 to declare a final investment decision (FID) on Phase 1B of the Chevron-operated Leviathan gas project expansion after striking Israel’s largest ever gas export deal.
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The contracts build on Cairo’s decades-long strategic energy alliance with Moscow, which will soon include nuclear energy.
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Global majors remain committed to boosting investment in Egypt’s offshore gas production as they eye Cairo’s underutilized LNG capacity.
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