Oil & Gas News
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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.
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Fifth Floating Regasification Unit to Join Egypt’s Gas Grid via Aqaba Port
The regasification unit has a capacity of 750 mmcm/d and will provide an additional source for both countries.
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Further deterioration in non-oil private sector activity (PMI Index)
It remains below the 50.0 threshold, which separates expansion from contraction, for the fourth consecutive month.
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Egypt grants six exploration blocks in Mediterranean, Nile Delta, and North Sinai
Additionally, two onshore blocks in the Nile Delta and North Sinai were granted to IPR and Perenco, respectively.
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Egypt vows no power cuts this summer
The deployment of three regasification vessels is a temporary solution until Egypt’s full natural gas production capacity is restored.
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Egypt to resume gas supply to factories on Friday after brief halt
Egypt’s prime minister, Mostafa Madbouly, said on Wednesday that gas supplies to factories affected by recent shortages will resume on Friday morning.
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Egypt awards int'l energy companies 6 exploration blocks to boost investment
Egypt awarded six new exploration blocks to top international energy companies, expecting to attract $245 million in fresh investment
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Egypt key in ADNOC Distribution regional expansion strategy
In 2023, ADNOC Distribution acquired 50 percent of TotalEnergies Marketing Egypt (TEME), underscoring a belief shared by both of our companies.
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Egypt assumes vice presidency of the International Gas Union
Khaled Abu Bakr: The Egyptian program to promote global energy as a basis for economic and social growth is set to be activated.
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Egypt looks to secure more fuel oil in August for power generation
The Egyptian General Petroleum Corporation (EGPC) is seeking about 900,000 tonnes of fuel oil for August delivery in its most recent tender.
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Fertilizer companies halted after suspension of Israeli gas
Egyptian fertilizer producers suspended their activities due to reduced imports of Israeli gas, following recent production halts.
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Egypt Activates Emergency Gas Plan Amid Total Halt in Israeli Imports
Following the outbreak of war between Israel and Iran, Egypt suspends industrial gas supply, turns to fuel oil and diesel for power.
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Egypt to establish floating LNG station in Ain Sokhna to support electricity stability
This will contribute to stabilizing supplies during peak consumption periods, as part of its ongoing efforts to secure its energy needs.
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Egypt’s appetite to buy LNG impacts global market
It is already seeking a high number of cargoes this year, as well as planning further imports between now and 2028.
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Egypt receives 2nd floating regasification unit for boosting summer supplies
In June, Prime Minister Mostafa Madbouly said the government would spend $1.18 billion on gas imports to cover summer shortfalls.
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$25B of US investment in Egypt, mostly petroleum sector
He explained that the U.S. presence in the Egyptian market is not new, but rather an extension of decades of successful partnerships.
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Misr Phosphate Net Sales Reach EGP 7.9B in 2024
Abdel Azim noted that the company is carrying out numerous production and marketing operations to achieve its main targets.
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Egypt and Qatar strengthen energy ties amid growing gas deficit
The Egyptian government seeks to secure long-term supplies through Qatari imports and new partnerships to explore strategic fields.