Oil & Gas News
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New fuel prices in Egypt: How will it impact you?
Egypt's petroleum sector is undergoing significant changes, marked by recent decisions to raise fuel prices and efforts to increase production.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Egypt launches tender to import 5 gas shipments in August, September 2024
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
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Power plants’ consumption records all-time high
The Ministry of Petroleum and Mineral Resources stated Monday that power plants' consumption of natural gas and fuel in Egypt reached an all-time high
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Egypt’s natural gas production at lowest level in 6 years
Egypt's natural gas production fell to its lowest level since February 2018, according to data from the Joint Organizations Data Initiative (JODI).
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Egypt’s Natural Gas Production Sinks to Six-Year Low
Egypt has been exporting LNG to Europe, but it usually halts these exports during the summer months, to meet soaring electricity demand.
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Egypt, Jordan discuss boosting cooperation in fields of petroleum, mineral wealth
The Egyptian minister said Egyptian-Jordanian ties are historic, adding that Egypt is looking forward to further promote bilateral cooperation.
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New LNG shipments arriving at port of Sokhna
The Egyptian Ministry of Petroleum and Mineral Resources is set to receive two shipments of liquefied natural gas (LNG) at the Port of Sokhna.
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Egypt aims to invest $1.2 bln in drilling 110 gas and oil wells in FY 2024/2025
Egypt plans to invest $1.2 billion to drill 110 exploratory gas and oil wells during the current FY2024/2025.
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Eni’s expansion plan to drill $160M gas wells in Egypt’s Zohr field in 2024
This significant increase in investment and the prospect of drilling new wells were discussed during the Eni delegation’s visit to Egypt.
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Egypt Approves $200 Million in Energy Projects
The agreements included a draft commitment agreement to search for and exploit gas and crude oil in the North Port Fouad offshore area.
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Egypt's Fuel Subsidy Bill Drops by 69%
Over the past three years, Egypt has phased out subsidies on most fuel products as part of an IMF-backed economic reform program.
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Egyptian Petroleum Minister holds talks on strategies to boost oil, gas output
The meeting, held at the ministry’s headquarters in the New Administrative Capital, focused on addressing challenges in the sector.
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Egypt receives 2 gas shipments out of 21
Egypt has received two international shipments of natural gas out of 21 contracted cargoes as part of the country's urgent plan to end power outages.
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Egypt Receives First of 21 LNG Shipments
By the third week of July, things will be in order and the national gas network’s stock will be sufficient, Abdel Aziz noted.
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Five Egyptian companies plan forming a consortium to import liquefied ethane gas
Five Egyptian companies announced plans to form a consortium with a capital of $663 million to import liquefied ethane gas (Shale gas).
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Egypt’s consortium to import US shale gas, addressing natural gas shortage
Sidi Kerir is one of several major companies in the fertilisers and chemicals sector that had to halt production after suffering from gas shortage.
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Natural gas shortage drives 54 percent surge in Egyptian fertilizer prices
Month-on-month prices reached up to $416.57 per ton in June, compared to $270.83 per ton previously.
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Fertilizers giant MOPCO suspends operations over gas supply shortage
State-owned Misr Fertilizers Production Company (MOPCO) said on Tuesday it has suspended operations at its three plants.
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ADES, SUCO Seal Jack-Up Drilling Contract in Egypt
ADES Holding Company has announced the official signing of a Jack-Up Drilling Contract with Egypt’s Suez Oil Company (SUCO).