Oil & Gas News
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BP to pay some exploration costs for UAE's Dana Gas in Egypt
BP will pay for up to $39 million of the cost of Dana's drilling of a first natural gas exploration well.
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Egypt's petroleum imports up 95% in March: CAPMAS
Egypt has bought an LNG terminalå and announced a tender for another one stepping up efforts to import more natural gas.
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Egypt signs exploration deal with Italy’s Eni worth $2 bln
The Italian company will invest $1.5 billion over four years in exploration, development and operation in Sinai and the Delta.
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Officials: Militants blow up natural gas pipeline in Egypt
Egypt's state news agency MENA said the pipeline supplies natural gas to a power station and homes in el-Arish.
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Egypt extends Mediterranean gas exploration tender by two months
The foreign companies already exploring for oil and gas off Egypt's north coast include Italy's ENI and Britain's BP and BG.
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Diminishing conventional energy sources versus economy growth
By the rate of consumption of crude oil which is around 4.5bn tons per year from 2010, and which is growing every year, oil is expected to be depleted by the year 2050.
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Egypt to issue tender for $3 bn worth of LNG in June: Reuters
EGAS also signed deals with Russian Gazprom, Algerian Sonatrac and BP.
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Egypt permits private sector to import natural gas
Private companies will be allowed to import gas through state infrastructure.
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BP increases stake in Egypt gas field after DEA farm down
While the increased stake in the field offers BP a strong return of around 15 percent and important resources, the risk associated with Egypt remains high.
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Egypt confirms no rise in fuel prices
Egypt is to implement the long-planned smart card system for fuel at gas stations on 15 June.
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Egypt Gas loses EGP 17.3m in Q1 2015
The company witnessed a workers’ strike in April.
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Egyptians brace for dark summer despite authorities' pledge to solve power cuts
The government of President Abdel-Fattah El-Sisi has said it will put an end to the outages by adding 6 gigawatts of electricity to the national grid by the end of the calendar year.
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Egypt to see $30bn investment in coal industry by 2020: Minister
Egypt suffers from an energy shortage that has hit production in the manufacturing industry and leads to frequent power blackout.
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No access to subsidised fuel without smart cards: Official
The new system regulating fuel consumption will be enforced in mid-June.
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Technical studies for Cypriot gas imports to be finished by June
Private sector may participate in deal, Gas Utility Regulatory Authority will issue importing licences.
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Egypt’s non-oil private sector extends contraction in April: HSBC
Business conditions in Egypt’s non-oil private sector economy worsened driven by an ongoing decline in employment.
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Egypt issues tender for second LNG import terminal -gas board official
Egypt has struck a number of LNG supply deals, including a March agreement with Russia's Gazprom to import 35 cargoes of LNG.
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Mubarak era business tycoon offers LE4.6 bn for reconciliation with government
One of the most prominent cases against the business tycoon involves exporting natural gas to Israel below market rates, resulting in losses to Egypt.
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Egypt's Sisi approves $500 mn World Bank loan to expand natural gas grid
Earlier this month, the government signed a $400 million loan with the Bank for a pension welfare project which currently benefits 1.5 million poor Egyptian families.
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ADNOC to start monthly oil product deliveries to Egypt next week -source
The deal to supply the products was agreed last year.