Oil & Gas News
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ADNOC, ENPPI partner to boost UAE's local industrial sector
The UAE nationals to be employed will be trained by ENPPI at its Project Home Office in Dubai South and headquarters in Cairo, Egypt.
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Chevron to Start Drilling New Gas Well in Egypt's Mediterranean
The upcoming drilling is part of Chevron's broader strategy to expand its presence in Egypt's energy sector.
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Egypt's Petroleum Min. Meets Macron on Sidelines of Francophonie Summit
The 19th Francophonie Summit was held in the French capital, Paris, on October 4-5.
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bp Outlines Plans to Accelerate E&P Operations in Egypt
He also highlighted the new incentive package recently introduced by the petroleum sector, aimed at increasing oil and natural gas production.
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LNG pressures drive FX liquidity concerns
Market focus has shifted from tourism, Suez Canal revenues to declining FX proceeds from LNG exports.
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BP, ADNOC plan to expand natural gas exploration in Egypt
The bidding process aligns with the ministry's strategy to attract fresh investments to Egypt, emphasizing the exploitation of promising opportunities
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Egypt pays $1,2 billion in back payments to foreign oil companies
Three officials told Asharq that Egypt's efforts to pay arrears to foreign oil companies come at a time when it is trying to increase natural gas.
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Ganope drills 9 wells with investments of $40 in FY2023/2024
The company also extracted 2,200 million cubic feet of associated gas, fortifying the proven reserves to 185 million barrels of crude oil.
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EGAS head highlights 11 new agreements in sector worth $925M
In terms of production, the assembly revealed that 19 new gas wells have been added to the production map, with an investment of $613 million.
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Egypt strikes new deal with Israel to increase gas imports by 20 percent
Despite aiming to become an energy 'hub' in the wake of discovering its vast gas reserves, Egypt has become increasingly dependent on gas imports.
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Egypt raises prices of butane gas cylinders by 33-50%
The Ministry of Petroleum and Mineral Resources has raised the prices of butane gas cylinders for domestic and commercial uses to EGP 150 and EGP 200.
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EGPC acquires 20 shipments of LNG for $907M to meet domestic needs
The procurement deal involves a unique six-month deferred payment structure.
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Egypt, US mull ways to boost oil cooperation
The two sides discussed the ways to cement oil-linked cooperation between Cairo and Washington.
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Türkiye interested in offshore gas fields in Egypt
Bayraktar highlighted the improved relations between Türkiye and Egypt, noting the recent energy agreements between the two nations.
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Egypt fully awards tender for 20 winter LNG cargoes
The most populous Arab country has returned to being a net importer of natural gas this year, buying more than 50 cargoes so far this year.
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Egyptian Petroleum Min., Australian Amb. talk boosting cooperation in mining field
Both sides also tackled means to boost joint cooperation in the domains of petroleum and gas.
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Egypt Eager for New Investment Opportunities in Oil, Gas Sectors
Badawi welcomed the expansion of Emirati investments in Egypt’s petroleum and mining sectors.
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Egypt Seeks 20 LNG Cargoes for Winter
Egypt is seeking winter cargoes of liquefied natural gas for the first time in years, highlighting a deepening energy shortage.
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Italy's Eni to deploy 3 drilling rigs for Egyptian Agiba petroleum
Italian energy giant Eni has confirmed it will begin operating three drilling rigs in Egypt starting next week to rump up oil production.
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Gov't seeks to establish Egypt as regional hub for gas, energy in Eastern Mediterranean region
This is part of the Egyptian government's strategy to maximize the benefit from the country's natural resources.