Italy’s Eni is following the example of Shell in pulling back from Egypt’s mature Western Desert oil and gas province, to focus on more exciting offshore gas opportunities (MEES, 13 January).

And as will the Shell sale of its ‘Bapetco’ assets, which opened the door to a JV of Egyptian independent Cheiron and the UK’s Capricorn (MEES, 12 March 2021), one company’s pullback is another’s opportunity. (CONTINUED - 364 WORDS)