Oil & Gas News
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Egypt has leading role in energy markets
Al-Ghais stated during EGYPS 2023 that the oil demand is projected to increase to reach 10 million barrels per day during the coming period.
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Apache Company increases rigs in Egypt to 17
Egypt Petroleum Show (EGYPS 2023) kicked off Sunday in the presence of President Abdel Fattah El-Sisi, it takes place from February 13 to 15.
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Sisi poses for photo op with EGYPS 2023 participants
Sisi arrived earlier in the day at the Cairo International Conference Centre (CICC) to open the sixth edition of EGYPS 2023.
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Discoveries of East Med Gas Forum alleviate gas crisis in Europe
El-Sisi pointed out that the volume of supply was not at the required level during the past years, the prices have been increased during Covid.
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Egypt oil balance surplus continues for 3rd year exceeding $3B
Four international bids have been launched on Egypt's digital portal for exploration and production that was launched early 2021.
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Investments worth $1.2bn planned for Zohr field in 2023-2024
Egyptian exports increased by 19.2 percent to hit $46.9 billion during the first 11 months of 2022, compared to $39.3 billion during 2021.
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Gempetco extends shelf drilling’s Jack-up rig term
The Rig 141 is a Marathon LeTourneau 82-SD-C unit, built in 1982. Its maximum operating depth is 76.2 meters (250 feet).
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OPEC Fund to lend $50 mln to AFC to boost infrastructure, create jobs in Africa
The collaboration between the OPEC Fund and AFC is targeted at increasing access to long-term sustainable finance for infrastructure projects.
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B Investment concludes sale of 6.38% equity in TotalEnergies Egypt
Revenues widened to EGP 1.32 billion in 9M-22 from EGP 112.08 million in 9M-21, the basic and diluted earnings per share hiked to EGP 4.04.
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Badr Petroleum Company produced 9M barrels since 2014
The meeting reviewed the Plan and Budget Assembly of WEPCO and Badr Petroleum Company for the fiscal year 2023/2024.
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Egypt’s president, Romanian PM discuss energy cooperation amid global challenges
Egypt’s President Abdel-Fattah El-Sisi and Romanian Prime Minister Nicolae Ciuca discussed on Monday in Cairo cooperation between the two countries.
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Top 10 Egyptian petroleum companies
Both state-owned and private companies are active in oil and gas exploration and production in Egypt.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
The Damietta plant has exported 7.2mln tons of LNG since its restart in 2021.
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2.24% increase in manufacturing, extractive index during November 2022
Manufacturing and extractive industries index (excluding crude oil and petroleum products) reached 112.43 during November 2022.
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Egypt government approves 13 oil, gas exploration deals
The areas affiliated with the Egyptian General Petroleum Corporation were within the Western Desert.
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Italy’s Eni announces 500th successful cargo from Damietta LNG plant in Egypt
Damietta LNG facility has produced and loaded its 500th shipment of liquefied natural gas since it began operations in 2005.
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Sixty percent of Egypt’s gas exports went to Europe
The Egyptian Ministry of Petroleum announced Egypt has exported 60 percent of its natural gas production to Europe for the first time in history.
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Careem, iCheck, and Cargas partner to convert cars to natural gas with payment facilities
iCheck succeeded in converting 1,000 cars to run on clean energy in Sharm El-Sheikh before COP27.
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ADC, Jordanian-Egyptian Fajr company sign natural gas agreement
The first phase of the deal includes supplying 1,800 dunums of the industrial zone with gas at a capacity of 90,000 cubic metres per hour.
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Khaled Abu Bakr, Executive Chairman, Taqa Arabia: Interview
The Egyptian gas network is considered reliable according to Khaled Abu Bakr. In the interview, he talks about his assessment of the future.