Cheiron Petroleum Corporation, Egypt’s one of the leading independent exploration and production company, has agreed to purchase 50% of Shell’s upstream oil and gas interests in the Western Desert
Industry
Africa and Middle East's oil and gas sector saw a rise of 6.45% in cross border deals
Led by Energean’s US$405mn acquisition of Energean Israel, Middle East and Africa’s oil and gas industry saw a rise of 6.45% in cross border deal activity during the Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database
Attack on Saudi Arabian facilities causes oil price to spike
Tensions have flared in Yemen between the Houthi rebels and the Saudi-led coalition
Genel Energy announces production start-up at Sarta-2 well in Iraq
Genel Energy plc has announced that the Sarta-2 well has entered production at the Sarta field (Genel 30% working interest), with gross field production now in excess of 10,000 bopd
Markaz: Saudi Arabia leads GCC equities, oil registers strong gains
Kuwait Financial Centre’s “Markaz” Monthly Markets Review report has noted that the GCC equity market’s performance was positive for February 2021 as the S&P GCC Composite Index continued its upward trend, ending the month 3% higher
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