Oil & Gas News
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Cyprus’ offshore Aphrodite gas field to be linked to Egypt: NewMed
Partners in the Aphrodite natural gas field including Israel’s NewMed Energy, have announced their intention to build a subsea pipeline.
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UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Mubaideen added that drilling activities for the new wells are expected to commence this year.
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Egypt inaugurates new expansions to North Geisum Oil Field
Minister of Petroleum and Mineral Resources Tarek El-Molla has inaugurated the expansions of the North Geisum Oil Field at the PetroGulf Misr.
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Sovereign Fund of Egypt begins receiving acquisition bids for Wataniya Petroleum
The fund showed strong flexibility in the process of issuing shares, as it replied that there is no maximum limit for selling shares in the company.
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Egypt Achieves Stability in LNG Exports
Importers of Egyptian LNG include European and Asian markets, as Egypt develops its eastern Mediterranean fields.
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ADNOC, ENOC and Petromin named in bid for Egypt’s Wataniya
Egypt’s Wataniya and the National Company for Natural Water Bottling, known as Safi are on offer.
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Egypt’s SCZONE, Saudi’s ACWA Power sign agreement for green fuel project
The two entities agree to work towards a framework agreement for the green fuel project.
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Egypt seeks stake sale in $6.5 billion Siemens power stations
Selling stakes in the power stations is subject to the approval of German banks.
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Apache wants more concession areas in Egypt’s desert
The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore for oil.
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Fuel prices in Egypt to soon be fixed
Citizens questioned expectations about fuel prices on social media, following large waves of inflation that have been affecting the Egyptian economy.
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Egypt Gas posts 23.6% YoY growth in Q1 net profits
Established in 1983, the company is engaged in the design, installation, operation, and maintenance of natural gas distribution networks.
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Petroleum Ministry says US “Apache” enhance investments in Egypt
US oil company Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert.
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Israel-Egypt Onshore Gas Pipeline Advances With Cabinet Approval
Israel’s gas network operator INGL is set to build a second pipeline aimed at boosting Israel-Egypt gas flows following this week’s Cabinet approval
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Egypt is lowering oil prices by 15%
CAPMAS reported that crude oil exports fell by 58.8% to reach $243 billion, compared to $590 million during the same period in 2022.
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Egypt is accepting bids for Safi, Wataniya in May: Prime Minister
Saad stated that major consortiums of Egyptian and foreign entities are among the contenders for Safi and Wataniya.
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Israel, Egypt to expand gas pipeline infrastructure
Increased production in Israeli fields necessitates transporting more gas to Egypt, which is then converted to LNG and sold to Europe.
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TAG Oil achieves first oil production in Egypt’s Western Desert
On flowback, the well unloaded to surface under natural flow and cleaned up approximately 40% of the injected fracture fluid.
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Egypt sees a decline in gas and oil exports
In the months of January and February 2022, exports were recorded at $2.74 billion, a decline of 28.1 percent or $769 million.
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Egyptian oil and gas exports drop 28.1% in first two months of 2023: CAPMAS
Exports were recorded at $2.74 billion in the January-February period of 2022, representing a decrease of 28.1 percent or $769 million.
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Egypt fixes fuel prices on Wednesday
The Egyptian Petroleum Products Automatic Pricing Committee during its Wednesday meeting recommended it fix the different prices of fuel.