Oil & Gas News
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The future of Egypt is: Decarbonized
In this report from Egypt Oil and Gas in cooperation with the Ministry of Petroleum and Mineral resources we see the efforts towards decarbonization.
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Petroleum Ministry Adopts Plan to Increase Oil Production from Sinai, Eastern, Western Deserts
The results of the current procedures improve the efficiency of operations and joint coordination with a number of production companies.
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Developing countries, including Egypt, have to cut oil subsidies: IMF
Egypt targets a primary surplus of 2.1 per cent of GDP in FY 2023/2024 and 2.3 percent of GDP in FY 2024/2025 and FY 2025/26.
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African gas suppliers look to meet Europe’s future LNG demand
Common purchases of gas are available to all EU member states, as well as Ukraine, Moldova, Georgia and the Western Balkans.
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MoPMR Demonstrates Excellence in Complaint Resolution in March
This came during Prime Minister Mostafa Madbouly’s review of the government complaints system’s progress last March.
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Shell named exclusive supplier of lubricants for MG Egypt
The partnership comes in line with Shell Lubricants Egypt's keenness to develop its network of distributors, OEMs and prospects alike.
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Town Gas Achieves Revenues Worth EGP 3.2B in 2022
The announcement was made during the general assembly meeting of the company to approve its operational results for the year 2022.
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PM, El Molla, Finance Minister Discuss Resolving Monetary Entanglements
There are financial entanglements between the Ministries of Petroleum and Mineral Resources, Electricity and Renewable Energy, and Finance.
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Egypt receives investor offers to buy Wataniya, Safi companies
The IPO is expected to be completed within a few weeks, after which shares of the two companies will be offered on the stock exchange later.
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United Oil and Gas announces Egypt operations update
United holds a 22% non-operating interest in the Abu Sennan licence, which is operated by Kuwait Energy Egypt.
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Petrojet’s Revenues Hit EGP 40B in 2022
Petrojet’s role in executing petroleum projects has grown both locally and regionally.
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Aton Resources Completes Drilling at Hamama with 1.38 g/t Au Equivalent, 8.20% Zn
Aton Resources announced that it has completed its recent diamond drilling program at Hamama, located in the Abu Marawat Concession.
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Asso.subsea Partners with GAP Consortium for crucial Greece-Egypt Interconnection
The GAP founded by the Eunice Energy Group, is a transnational consortium between Greece and Egypt that aims to contribute to regional energy security
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Cheiron Energy brings GNN oil field Early Production Facility on stream offshore Egypt
It is anticipated that the gross oil production rate from the Concession will exceed 25 thousand bopd.
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Capricorn to slash UK staff amid Egypt focus and exploration exit
New board unveils jobs cuts, likely office move and Egypt focus as part of new strategy.
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DNV, Petrojet Sign MoU to Support Green Hydrogen Projects in Egypt
The global independent energy expert, has signed a memorandum of understanding with Petrojet to strengthen the development of green hydrogen.
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Egypt’s pharos swings back to profit in 2022
Pharos CEO Jann Brown said 2022 marked "significant change" for the company.
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The ASH-8 well in Abu Sennan licence has now been tied into the existing facilities and brought on stream.
The production from the well will continue to be monitored so that the long-term production potential can be assessed, United said.
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Iraq renews deal to provide Egypt with 4 mln barrels of crude oil
Cairo and Baghdad signed an agreement in 2016 that enables Egypt to import one million barrels of Iraqi Basra crude every month.
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El Molla Inaugurates First Mobile Natural Gas Vehicle Conversion, Maintenance Station
This comes within the framework of supporting the state’s plan to expand the use of natural gas in cars by providing non-traditional applications.