Oil & Gas News
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Egypt signs $340 mln oil, gas exploration deals with global firms
Egypt has signed four oil and gas exploration agreements worth more than $340 million with international companies, as it seeks to boost production.
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How Egypt saved $3.6 billion in fuel imports?
The savings were made possible by a combination of higher domestic output, stabilization of gas production, and new investments.
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Three new wells drilled at Zohr to boost gas production
The Egyptian Ministry of Petroleum, Karim Badawi, announced on Tuesday, August 26, the drilling of three new wells (Zohr 6, Zohr 9, and Zohr 13)
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A New Agiba Western Desert Exploration Well to Add 3,100
This discovery, funded by Eni investments, confirms that there are good oil and gas prospects in the Western Desert.
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Petroleum Ministry saves $3.6 bn in fuel import costs in FY 2024-2025
Egypt's FY 2024/25 boosted domestic energy output cut fuel import bill by $3.6 bn, aided by incentives and LNG infrastructure upgrades.
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Egypt to boost gas production after years of decline
Egypt's natural gas production began declining in 2022, forcing it to become a net gas importer.
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Mitsubishi Power completes hydrogen fuel conversion project in Egypt
The project also contributed to the utilisation of 14,000 tonnes per year of hydrogen-rich gases available in the production units.
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WEPCO Increases Onshore Gas Production from Egypt’s Western Desert
The new well was drilled at a depth of 5,000 meters from the lower Kharita formation, a geological formation commonly found in the Western Desert,.
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Egypt’s new gas deals: What they mean for the future
This agreement, is not just a corporate handshake, it is part of a larger effort to secure a stronger economic future for the country.
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Egypt Adds 4,100 Barrels of Oil per Day to Its Production
Egypt’s Petroleum Ministry on Monday announced it will add an estimated 4,100 barrels of oil equivalent per day (boe/d) to its production capacity.
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Cypriot Cronos Natural Gas Field to be Connected to Egypt by 2027
These surveys are taking place in both the Cypriot and Egyptian exclusive economic zones, preparing to link the field to Egypt’s facilities.
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Agiba boosts Egypt's gas production with 4,100 barrels per day
This achievement strengthens Agiba’s strategy to increase output and accelerate the development of its concession areas.
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Emirati Dana Gas launches $100 mln investment programme
UAE’s Dana Gas, the Middle East’s largest regional private sector natural gas company, has launched a $100 million investment programme in Egypt’.
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Shell Egypt Greenlights Development of West Mena Gas Field in Mediterranean
It is located in the North East El-Amriya offshore concession in the Mediterranean Sea.
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Swiss player marks LNG milestones with delivery in Germany and supply role in Egypt
Geneva-headquartered energy and commodity trading company BGN has recorded two events it deems important in the LNG segment.
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One of the world’s largest car carriers transits Suez Canal
The car carrier is 219 meters long, 37 meters wide, and has a draft of 10 meters. It has a capacity of 9,442 cars and was carrying 7,000 on board.
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Egypt weeks away from upping its security of gas supply with another FSRU
This comes months after the FSRU Energos Power came to Egypt, as part of a set of four units EGAS booked to bolster energy security.
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EGPC Reviews Strengthening Petroleum Supply Chain
This is part of an integrated plan aimed at fostering more conscious engagement with the system’s human, operational, and procedural components.
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11 new wells to produce 160 billion cubic feet of natural gas
This involves accelerating exploration and development efforts across new concession areas.
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Egypt approves $959,000 deal with USTDA to develop methane-reduction roadmap
It is part of Egypt’s broader efforts to implement concrete steps toward reducing greenhouse gas emissions.