Oil & Gas News
-
Further fuel price hikes needed: Analysts
In the draft budget, fuel product subsidies are cut by LE9 billion to LE61 billion.
-
Egypt's EGAS to conduct Mediterranean's largest seismic exploration project
Seismic explorers search for oil and gas deposits under the sea by bouncing sound waves off rock from cables towed across the water.
-
Egypt agrees deal with BP for LNG supply
Egypt has emerged as a major new market for LNG just as demand in the world's biggest consuming region Asia weakens.
-
Egypt earmarks $8 billion for fuel subsidies
The cabinet on Thursday approved a draft of the budget for the next fiscal year but didn't announce the amount allocated to fuel products subsidies.
-
Egypt reduces petroleum products subsidies to EGP 61bn during FY 2015/16: El Molla
Expected decline in fuel consumption is 5% during new fiscal year, says EGPC executive chairman.
-
Noble Group to supply Egypt with LNG cargo June 18
Noble Group won a closed tender launched two weeks ago.
-
Egypt considers postponing fuel subsidy smart card system
The president directed the government to study postponing this system until all the sectors that don't have these cards are covered.
-
Australian LNG arrives in Egypt
Israel, Kuwait and Dubai were the only importers in the region until this year.
-
Dana Gas commences drilling gas well in Egypt
Firm can sell government's share of condensate at market rates.
-
EIA: Egypt Oil Market Analysis
Egypt is the largest non-OPEC oil producer in Africa and the second-largest dry natural gas producer on the continent.
-
MRPL buys first cargo of Egypt's Ras Gharib crude
MRPL operates a 300,000 barrel per day coastal refinery in Karnataka.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
Egypt to issue tender for $3 bn worth of LNG in June: Reuters
EGAS also signed deals with Russian Gazprom, Algerian Sonatrac and BP.
-
Egypt permits private sector to import natural gas
Private companies will be allowed to import gas through state infrastructure.
-
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.