Oil & Gas News
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Egypt's gas production: A race against demands
Egypt is on a strategic mission to ramp up its natural gas production, driven by partnerships with global energy giants BP and Eni.
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BP to boost Egypt's gas production by 200M cubic feet per day
This move, confirmed by a government source speaking to Asharq Bloomberg, follows BP's hefty investment of over $400 million in drilling two wells.
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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.
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Egypt counts on foreign funds to buy gas as power crisis worsens
Egypt needs some $2 billion worth of gas to cover summer demand through October, according to one of the two sources.
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EGAS announces bid to explore natural gas in 12 regions in Mediterranean & Nile Delta
This endeavor aligns with the Ministry's strategy to attract new investments to Egypt by leveraging opportunities in gas and oil exploration.
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Shell Reveals Drilling Plans for New Wells in the Mediterranean
They also discussed the company’s activities in the fields of oil marketing, carbon reduction, social development projects and LNG.
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ExxonMobil provides $90M in seismic exploration in Egypt
The corporation aims to accelerate drilling endeavors upon the arrival of the drilling team in October.
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Maridive Lands $17.8 Million Contract for Q3 2024 Petroleum Projects in Egypt
According to the announcement, project execution commences in the Q3 of 2024.
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Egypt to initiate global tender to explore natural gas
This initiative aims to incorporate fresh wells into the production network within the next few months, as per the source.
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Egypt, UAE Sign $3B MoU for Petroleum Logistics Projects
Egypt aims to mirror the integrated system operated in Fujairah, deploying it at Egypt’s Hamra Petroleum Port on the Mediterranean coast.
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AOI inaugurates first gas stove safety valves production line in Egypt
The ABD aims to supply valves to the local market to meet the increasing demand, in addition to exporting to Arab and African countries.
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Egypt Discusses with Russia's "Rosatom" Investment Opportunities
The company delegation expressed interest in a number of partnership and investment opportunities with companies affiliated with the ministry.
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Egypt to boost natural gas production by 5B cubic feet per day by end of 2024
This move aims to integrate additional wells into the production system in the upcoming months, as per the source.
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Assiut $3 bln diesel production complex almost finished
The new diesel production complex in Assiut is almost finished with 78 percent progress, according to a statement by the Ministry.
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Fertilizer Factories Operating Regularly after Natural Gas Back up
This came during a meeting Wednesday with the ministers of agriculture, business, and petroleum to follow up on the situation of fertilizer production
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EGPC, Shell, Petronas Sign $222 Million Agreement for West Delta Development
This comes with a total investment of $222 million, and a commitment to drill three wells to produce natural gas and establish marine facilities.
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Egypt considers purchasing floating regasification unit with Jordan
Egypt is considering a partnership with Jordan to contract an international company to purchase a floating gasification unit.
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Egypt Signs Landmark $120 Million Agreement with Cheiron
The agreement is sealed between EGPC; Cheiron Energy and KUFPEC to pump new investments for boosting development operations.
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GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt
The Gulf of Suez Petroleum Company (GUPCO) will drill five new developmental petroleum wells in the North Safa and Al-Wasl fields.
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Egypt raises domestic fuel prices by up to 15% before IMF review
Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.