Viking expands Egypt fleet with Viking Aton

Viking® announced an expansion of its Egypt fleet with Viking Aton, a new state-of-the-art river vessel. Inspired by the design of the award-winning Viking Longships® and built specifically to navigate the Nile River, Viking Aton is currently under construction and is scheduled to debut in September 2022. Sailing on Viking's popular Pharaohs & Pyramids itinerary, the new vessel will join Viking's existing Egypt river fleet, which includes its identical sister ship Viking Osiris and Viking's first owned and operated ship on the …

Mubadala Petroleum signs concession agreement with Egypt

Tariq Al-Mulla, Egyptian Minister of Petroleum and Mineral Resources, has signed the concession agreement with Mubadala Petroleum for oil and gas exploration activities in the Red Sea Block 4 ("Block 4"), with an area estimated at 3084 km2, owned by the South Valley Egyptian Petroleum Holding Company (Ganope). The block was awarded by the Government of Egypt in the 2019 Red Sea Licencing Round. Following the signing, Mubadala Petroleum will hold 27 percent participating interest in Block 4, which is operated by Shell with a 63 percen…

Egypt signs nine $1 billion oil and gas exploration deals

Egypt's Minister of Petroleum Tarek al-Molla on Friday said nine $1 billion new oil & gas exploration agreements were signed with local and international companies. The exploration will cover regions in the east and west of the Mediterranean Sea and regional waters of the Red Sea with six large companies for drilling 17 wells. "Egypt seeks luring new international investments in gas and oil exploration, and concluding deals with big companies as a priority," he said. He added that developing many items of the oil deals has co…