Oil & Gas News
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Italy’s Eni will restart gas drilling in Egypt and Libya
Italian energy company Eni is reviving its exploration operations on Zohr, Egypt’s largest natural gas field, by the end of the year.
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Petroleum Logistics Zone at Al-Hamra Port Is Now Underway
Established in partnership with the UAE, the logistics zone aims to enhance Egypt's role in regional petroleum trade.
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No new rise in retail natural gas prices in Egypt
Th Egyptian cabinet stated on Monday that most recent rises in retail natural gas prices were applied in September, and there were no new hikes in Nov
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USA’s Halliburton to Equip Deepwater Gas Production Wells in Egypt
The deepwater natural gas production wells are set to enhance Egypt’s gas production capacity.
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Fair fuel products pricing vs inflation in Egypt
The Ministry of Petroleum and Mineral Resources recently announced a significant increase in fuel prices, marking the third adjustment in 2024.
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Jordan, Egypt sign natural gas pipeline agreement
The minister noted that the energy bill is a challenge for various sectors, particularly the industrial sector.
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Egypt President, Eni CEO discuss moves to support gas production
Egypt planned to issue a tender seeking up to 20 cargoes of liquefied natural gas (LNG) to meet requests for the first quarter of 2025.
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PM Madbouly Inspects Ruhrpumpen Egypt
This visit aligns with the government’s commitment to advancing industries that supply critical components for major projects.
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Town Gas and Banque Misr Collaborate to Streamline Gas Payment Services
Town Gas has signed agreements with Banque Misr and its subsidiary Souhoola, allowing customers to pay for gas delivery in installments.
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Restart of Drilling Ops at Egypt’s Zohr Gas Field Expected in December
Egypt plans to increase oil and gas exploration works in 2025, Badawi added.
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Egypt slashes renewables target to focus on natural gas
Egypt, the world’s 11th-largest natural gas producer, has positioned itself as a supplier of liquefied natural gas (LNG) to Europe.
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Egypt signs 4 MoUs with int'l companies to enhance oil cooperation
Egypt signed four memorandums of understanding (MoUs) and cooperation agreements with international companies to enhance oil cooperation.
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Egypt’s government reveals plan for fuel prices until end of 2025
Madbouly said: “We are have to gradually increase fuel prices until the end of 2025,” noting that there will be no increase for the next six months.
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No fuel price Increases until the end of 2025 if global price stabilizes
If global prices stabilize at an average of $73 per barrel, there will be no further hikes until the end of 2025.
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Egypt raises fuel prices for 3rd time in 2024
Ministry of Petroleum and Mineral Resources announced Friday the third fuel price increase in 2024, affecting various octanes and diesel.
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Eni to drill new wells in Egypt
Badawi made the remarks during the general assembly meeting of PetroShorouk, the operator of the Zohr field.
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Egypt Eyes Gas Production Increase
The government aims to ramp up output at Zohr by drilling new wells starting in the first quarter of 2025, according to a ministry statement.
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Agiba Petroleum Company’s total investments reach $417M during FY2023/2024
El-Gendy also announced the construction of a new state-of-the-art station to treat oil-associated water with a capacity of 45,000 barrels per day.
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Egypt aims to boost natural gas output by 30% per day by 2025
This production increase aligns with the government’s commitment to settle arrears owed to foreign oil companies before the fiscal year ends.
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Egyptian companies deliver natural gas to homes in Europe
This comes after Town Gas was approved by the Romanian Energy Authority, becoming the first Egyptian company working in this field in Europe.