Hayaat Group, a private investment company based in Abu Dhabi, has acquired 10 per cent stake in Swala Energy for US$3.3mn
Exploration & Production
Egypt gives nod to seven oil and gas agreements
The Egyptian Cabinet has approved seven new oil and gas exploration agreements, that is expected to bring an investment of atleast US$1.2bn
RWE Dea signs offshore concession deal with Egypt and Dove Energy
RWE Dea has announced that it has signed an agreement with the Eqyptian government and Dove Energy for the offshore East Ras Budran concession
Circle Oil awarded Grombalia permit in Tunisia
Ireland’s Circle Oil has announced that it has won the onshore Grombalia permit located in Tunisia’s Cap Bon Peninsula
GDI and JX Nippon sign offshore rig contract
Gulf Drilling International (GDI) has signed a contract to drill JX Nippon’s offshore exploratory well in Qatar using its hi-spec premium jack-up rig Al Khor in 2014
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