Oil & Gas News
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BP's volume of investments in Egypt during 60 years reaches $30B
Auchincloss highlighted BP’s plans to begin production from several wells, with one expected to start operations in the first quarter of next year.
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Egypt launches company to build new SAF facility
A new company has been launched in Egypt to build a US$530M sustainable aviation fuel (SAF) facility, Egypt Oil & Gas reported.
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TotalEnergies Partners with Air Liquide for Renewable Hydrogen Production Unit
This new project complemented the Masshylia project to produce green hydrogen by electrolysis led by TotalEnergies in partnership with ENGIE.
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Egypt Reviewing LNG Import Needs
Gas-producing Egypt surprised markets this year with massive LNG tenders as a scorching summer spiked electricity consumption and local output decline
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Egypt Increased Gas, Oil Production in Q3 of 2024
Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international.
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Egypt in talks with foreign companies over long-term LNG purchases
Egypt is buying dozens of cargoes this year and abandoning plans to become a supplier to Europe amid a steep decline in domestic gas output.
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Egypt intends to convert vehicles to run on natural gas
He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.
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Egypt’s petroleum sector sees growth with new projects & investments
Egypt has also unveiled new opportunities through its Digital Exploration Portal and partnered with global firms to reduce production costs.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
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Egypt to receive 8 LNG shipments in November to meet domestic gas demand
To ensure supply stability during peak winter demand, additional LNG shipments may be received if needed.
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Egyptian Competition Authority approves Emirates ADQ acquisition
The Egyptian Competition Authority (ECA) announced on Sunday the approval of Emirates ADQ, acquiring stakes in three Egyptian oil companies.
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QatarEnergy acquires 23 percent interest in North El-Dabaa
Under the agreement, QatarEnergy will acquire a 23 percent interest, while Chevron, the operator, will retain a 40 percent interest.
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Italian Eni to drill two new gas wells in Zohr field
Italian Eni company will drill two new gas wells in the Zohr field, according to CEO Claudio Descalzi, as reported by Al Arabiya.
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Egypt Launches Sustainable Aviation Fuel Company
ESAF further supports Egypt’s strategy for a gradual shift toward a greener economy, enhancing investment opportunities in sustainable energy.
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BAPETCO Signs 3 CSR Protocols for Projects in Matrouh
BAPETCO has studied and evaluated the necessary needs to improve and raise the quality of life in Matrouh Governorate.
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Italy’s Eni will restart gas drilling in Egypt and Libya
Italian energy company Eni is reviving its exploration operations on Zohr, Egypt’s largest natural gas field, by the end of the year.
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Petroleum Logistics Zone at Al-Hamra Port Is Now Underway
Established in partnership with the UAE, the logistics zone aims to enhance Egypt's role in regional petroleum trade.
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No new rise in retail natural gas prices in Egypt
Th Egyptian cabinet stated on Monday that most recent rises in retail natural gas prices were applied in September, and there were no new hikes in Nov
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USA’s Halliburton to Equip Deepwater Gas Production Wells in Egypt
The deepwater natural gas production wells are set to enhance Egypt’s gas production capacity.
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Fair fuel products pricing vs inflation in Egypt
The Ministry of Petroleum and Mineral Resources recently announced a significant increase in fuel prices, marking the third adjustment in 2024.