Oil & Gas News
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ADES, SUCO Seal Jack-Up Drilling Contract in Egypt
ADES Holding Company has announced the official signing of a Jack-Up Drilling Contract with Egypt’s Suez Oil Company (SUCO).
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Egypt's Abu Qir gas hub sold
Energean plc has recently announced selling its assets in Egypt, Italy, and Croatia to Carlyle International Energy for $945 million.
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Egypt's recent LNG tender for summer delivery has up to 6 months deferred payment
Egypt's recent tender seeking 17 cargoes of liquefied natural gas (LNG) for delivery during summer months includes a deferred payment of up to 6 mon.
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Egyptian Gas Association and France Gaz join forces
This strategic partnership outlines the framework for collaboration in areas of common interest.
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Egypt and Greece: Steps toward stronger connections
Egypt and Greece have taken significant steps to enhance their cooperation in energy, labor, and trade.
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Egypt’s PMI for non-oil businesses approaches stability level
Egypt's Purchasing Managers' Index (PMI) for the non-oil private sector reached 49.6 in May, up from 47.4 in April and the highest level since August.
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Egypt Raises Petrol Prices by up to 14.3%
The diesel price was kept at 8.25 pounds per liter. The decision takes effect from 8 a.m. (0600 GMT) on Friday.
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Egypt to lift fuel subsidies within 4 years: Official
The state has drawn up a plan to gradually lift subsidies on fuel and petroleum products by the end of 2025, Hommosany said.
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Egypt to Launch New Pipeline Costing $36M to Transport Fuel on Mediterranean Coast
The project, which will cost EGP 1.70 billion (roughly $36 million), is expected to begin operations in phases by the end of 2024.
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Why is Egypt raising electricity prices despite new gas discoveries?
The country’s needs for petroleum and natural gas amounts to US$55 billion annually, while local production only amounts to $33 billion.
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AD Ports finds partners to develop green methanol facility in Egypt
It is also a highly efficient and versatile fuel as it is produced from renewable feedstocks including renewable hydrogen and biomethane.
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Egypt denies payment delays on Zohr gas field
Egypt's oil ministry has denied reports that the Samsung Santorini drillship has left the gas field.
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Petroleum Minister: New expansions in refineries to increase production, link depots digitally
Mulla asserted the importance of Mostorod petroleum region which is one of the most important petroleum regions in Egypt.
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Egypt to announce winning bid of Wataniya stake sale soon
This is part of Egypt's broader plan to list 40 companies for its initial public offering (IPO) program, with the deadline for bids set for Feb 2024.
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Egypt to announce winning bid of Wataniya stake sale soon
This is part of Egypt's broader plan to list 40 companies for its initial public offering (IPO) program, with the deadline for bids set for Feb 2024.
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Egypt to pay 20% of foreign oil companies’ $4.5 Billion dues by June
Egypt is preparing to clear 20% of the outstanding debts owed to foreign oil and gas companies operating within its borders by June.
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Egypt's oil and gas sector attracts global giants: Key updates
This article will help you understand in a nutshell the latest updates in Egypt's growing oil and gas sector.
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Shell discovers two new gas fields in Egypt
El Molla emphasized that Shell is a strategic partner for the petroleum sector and has been operating in Egypt for over 110 years.
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Egypt’s Wepco mulls USD 420 mn expansion of oil storage infrastructure at its Al Hamra Terminal
Wepco is planning to process 95 mn barrels of oil during the next fiscal year — an average of 260k barrels per day.
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Egypt receives 7 local, international offers to acquire Wataniya
The government is currently working on evaluating the offers to decide upon the best one, Elsaid pointed out.