Oil & Gas News
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Egypt allocates EGP 150 bln for petroleum subsidies in FY25/26
The Egyptian government has allocated EGP 150 billion for petroleum subsidies in its upcoming fiscal year's budget.
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Eni to invest 24 billion euros in Egypt, Libya and Algeria
The company owns several concession areas across the Gulf of Suez, the Nile Delta and the Western Desert, and is the main operator at the Zohr.
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Enppi expands regional reach with 10 major projects outside Egypt in 2024
The company’s net profit after tax amounted to EGP 2.7 billion, while external projects represented 88% of the project revenues during 2024.
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Egypt on the way to another inevitable fuel price hike
Amid the mounting economic pressure resulting from the implications of global and regional geopolitical tensions and under a commitment to reforms.
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Naftogaz, ORLEN Sign Contract to Supply Additional 100 mmcm of LNG
The fuel will come from a shipment of U.S. LNG. After regasification, the gas will be transported to the Polish-Ukrainian border.
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Egypt to raise prices of retail fuel products twice till end-2025
Since 2014, Egypt has raised the prices of retail fuel products over twenty times, including three times in 2024.
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Egypt to lease German floating regasification units soon
Both sides agreed to organize a visit for an Egyptian delegation of specialists to Germany by the end of the month to finalize contractual terms.
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Egypt launches new licensing round to boost exploration, production prospects
Egypt is offering 13 exploration and production opportunities in a bid to further develop its hydrocarbon resources.
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New oil and gas sites opened to bids in Egypt
The bids cover concessions that include seven undeveloped discoveries and six exploration areas, according to the Egypt Upstream Gateway website.
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Egypt launches major bidding in oil, gas sector
The Ministry of Petroleum and Mineral Resources announced Monday the launch of new investment opportunities to enhance crude oil and natural gas.
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Egypt plans to secure $700M in investments across 13 exploration
The ministry introduced 61 investment opportunities through the Egypt Upstream Gateway, a digital platform for oil and gas exploration
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Russia’s Rosatom Expands Global Quantum Ties with Vietnam and Egypt
While these partnerships may provide opportunities for scientific collaboration they also highlight Russia’s efforts to cement its standing in a field
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Top 10 highlights from EGYPES 2025 the leading energy exhibiton
The event showcased Egypt’s growing influence in the global energy landscape. Here are the top 10 highlights from this game-changing conference.
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Greece-Egypt partnership focuses on CCUS collaboration
The partnership will facilitate the exchange of know-how and the development of CCS/CCU facilities.
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Cyprus, Egypt Agree on Gas Export to Europe
The two countries also reached an agreement on Cyprus’s Aphrodite gas field with Chevron Cyprus, NewMed Energy, and BG Cyprus.
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BP Starts Production From Raven Second Development Phase
The new wells are expected to produce approximately 220 billion cubic feet (bcf) of gas and 7 million barrels (mmbbl) of condensate.
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US Apache to begin drilling in Egypt's Western Desert
The Egyptian government is working to increase the quantities of natural gas available, in order to meet the country's needs.
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Arcius Eyes Expanding its Business in Egypt
They discussed the company’s activities in its concession areas in Egypt and the investment opportunities available in the gas sector.
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Egypt's Private Non-Oil Sector Records Best Performance Since 2020
The jump in Egypt’s Global Purchasing Manager’s Index also marks the first signs of growth since August, according to S&P.
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Turkey to supply Egypt with large amount of gas
Egypt is preparing to receive the Turkish gasification ship Botas in June, to provide the market with supplies of up to 500 million cubic feet of gas.