Oil & Gas News
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El Molla highlights the ministry’s keenness to resolve complaints
The Ministry of Petroleum and Mineral Resources has achieved response and resolution rates in complaints received by the system since its inception.
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El Sisi holds natural gas talks with Eni’s CEO
From his side, El Sisi urged for the expansion of research, exploration and production activities and efforts.
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Egypt’s president orders expanding gas exploration activities with Italy’s Eni
During the meeting, Sisi reviewed Eni’s current and future plans for gas exploration and production in Egypt.
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Eni makes a new gas discovery in Egypt
This discovery proves it right for betting on Egypt’s offshore area, it was also recently awarded other blocks like North Rafah & North-East Al-Arish.
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Wintershall Dea makes new natural gas discovery in East Damanhour block
It should be noted that the Disouq gas project is operated by DISOUCO, a Joint Venture between Wintershall Dea and EGAS.
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Egyptian Oil, Gas exports to increase 30.6% by 2022/23
The WB stated that Egypt’s current account deficit in FY2021/22 narrowed to 3.5% of GDP, compared with 4.4% in FY2020/21.
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Petroleum projects exempted from investment rationalization decision
El Molla added that the companies that entered into partnerships with the Ministry of Petroleum usually cover initial investments in new projects.
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One-year extension for Shelf Drilling jack-up rig in Egypt
The contract for the 1982-built, MODEC-designed jack-up, includes a one-year option period.
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Apex acquires six concessions in Egypt’s Western Desert
Apex also acquired a 25% interest from IEOC in the East Obaiyed concession and will acquire a 25% interest in the South West Meleiha concession.
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Egypt commits to IMF to slow projects, increase fuel prices
In a letter of intent to the IMF dated Nov. 30, the government said it sought the support after the war in Ukraine increased existing vulnerabilities.
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BPE Partners okays US$30 mln offer for remaining stakes in TotalEnergies Marketing Egypt
he yet-to-be-finalized transaction will mark the French private equity firm's exit from the Egyptian subsidiary of Total.
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ExxonMobil secures offshore blocks in Egypt
The two blocks, Masry and Cairo, are located in the outer Nile Delta and cover more than 11,000 square kilometres.
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Egypt’s oil and gas sector is growing despite an economic crisis
In November 2022, BP won two oil exploration blocks offshore the Nile Delta, in the Mediterranean Sea.
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Egypt announces new fuel prices for 2023 within days
The committee issues new fuel prices for 2023, taking into account that the rate of increase or decrease does not exceed 10 percent.
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El Molla reviews progress of ANOPC, MIDOR, WoTech projects
El Molla discussed the completion of the remaining phases for the three projects in terms of the procedures and steps to be taken.
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United Oil & Gas completes drilling of ASW-1X exploration well
The ASW-1X well is located in the Abu Sennan license, onshore Egypt, where the company holds a 22% non-operating interest, and is operated by KEE.
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Egypt’s liquefied natural gas exports register 4.86 mln tons in Jan-Sept 2022
Egypt’s liquefied natural gas exports rose 35.7 percent year-on-year in the second quarter of 2022, recording 1.9 million tons.
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Egypt seeks operating LNG plants at full capacity in 2023
The north African country achieved 53 new oil and gas discoveries in 2022.
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Egypt's liquefied natural gas exports register 4.86M tons in Jan-Sept 2022 - IDSC
Turkey topped the list of countries importing Egypt's LNG as it bought 22 percent of the total exports, followed by Spain then South Korea.
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House of representatives approves license for oil exploration in the western desert
This agreement was issued by Law No. 212 of 2014, and it included provisions, the most important of which is the search area, which is about 2058 km.