The US oil and gas exploration company, Kosmos Energy has confirmed a large-scale gas find at its Yakaar-2 appraisal well, offshore Senegal. In a statement released this week, Kosmos said the Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing […]
As Egypt works towards rejuvenating its economic activities through partnership and encouraging foreign investments, a joint venture was announced by US Deputy Secretary of State for Management and Resources, Thomas Nides, between one of the regions’ biggest investment institution in Egypt, Abraaj Capital, and the US Overseas Private Investment Corporation (OPIC) with plans to invest […]
Libya’s Presidential Council, PC, has taken distance from the energy agreement signed between the Libyan outgoing Government of National Unity (GNU) and Turkey. The PC said in a statement that the agreement requires consultation with the Council, stressing at the same time the importance of cooperation with all brotherly and friendly countries in the interest […]
