Posts by Hugo Haynes
Welligence Egypt M&A | bp and ADNOC to form a joint venture in Egypt
On 14 February 2024, ADNOC and bp announced that they had agreed to form a joint venture in Egypt. bp will provide the assets and…
Read MoreMENA Q4 2023 M&A Quarterly | Harbour Energy and Energean make moves in North Africa
Two deals involving MENA assets were announced in Q4 2023, in line with the prior quarter, making for a quiet second half to 2023 following…
Read MoreEgypt Energy Transition | Decarbonising Egypt’s oil and gas sector – progress so far
Egypt signed the Paris Agreement in 2016, the Zero Routine Flaring Initiative in 2017, and the Global Methane Pledge in 2022. Egypt hosted COP27 in…
Read MoreEgypt M&A | SDX Energy finalising West Gharib sale and is close to Egypt exit
On 9 January 2024, SDX Energy announced that it had agreed with an unnamed buyer the terms of an execution version of the sale and…
Read MoreEgypt Energy Transition | Egypt’s energy transition efforts intensify
Egypt’s aspiration to become a key energy hub in the region, combined with its proactive stance in the energy transition, positions it as a…
Read MoreMorocco M&A | Energean enters Morocco and farms into Chariot’s Anchois gas development
On 7th December 2023, Energean agreed with Chariot to acquire 45% and 37.5% operating stakes in the Lixus and Rissana Offshore licences respectively. The Lixus…
Read MoreNorth Africa Energy Transition | What role will gas play in North Africa’s energy transition?
Major efforts are being made to progress energy transition, security, and decarbonization in North Africa. While this moves forward, gas will continue to play a…
Read MoreIsrael Licensing | Israel 4th Offshore Bid Round attracts Majors and NOCs
On Sunday 29th October, the Israel Ministry of Energy and Infrastructure announced the results for two zones in the 4th Offshore Bid Round, launched in…
Read MoreMENA Q3 2023 M&A Quarterly | Deal-making slows after post-Covid highs, will activity bounce back?
M&A within the MENA region slowed during Q3 2023 following strong quarters post-Covid. There were just two transactions, the largest being OQ’s US$1.4 billion divestment…
Read MoreGas off the coast of Tarfaya: Italian ENI takes delivery of the Topaz Driller drilling platform
Consulting firm Welligence pointed out that Cinnamon would be the 16th well drilled in the block and the first since 2014. If successful, the well…
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