Genel Energy and Bidco have increased their recommended cash offer to acquire Capricorn Energy to approximately $436 million, according to a statement.

Capricorn Energy’s profit from its Egypt business operating segment rose to $36 million in the first half (H1) of 2026, up from $9 million in H1 2025

Genel Energy, a London-based oil and gas exploration and production company, will expand in the Egyptian market through acquiring Capricorn Energy in a $360 million all-cash deal.

The Egyptian General Petroleum Corporation (EGPC), Cheiron Petroleum Corporation, and Capricorn Energy signed a new agreement for the Badr El Din concession in the Western Desert.

Minister of Petroleum and Mineral Resources Karim Badawi held separate meetings with officials from TotalEnergies and Capricorn Energy to discuss ongoing activities and future plans in Egypt’s oil and gas sector.

The Egyptian General Petroleum Corporation (EGPC) has paid down $30 million in unsettled debts due to the UK-based oil producer Capricorn Energy.

The Egyptian Minister of Petroleum Tarek El-Molla has met with a delegation from the UK-based firm Capricorn Energy to foster the firm’s oil exploration and well drilling operations in Egypt.

Minister of Petroleum and Mineral Resources Tarek El Molla and the UK-based oil and gas company Capricorn Energy are probing the company’s work plans and programs to boost excavation and development processes in its concession areas in Egypt.