Oil & Gas News
-
Geopolitical tensions propel natural gas prices to 8-month high
Natural gas prices experienced a significant surge to an eight-month high due to geopolitical tensions and uncertainty stemming from the war.
-
Egypt to build sustainable aviation fuel plant
Egyptian Oil Minister Tareq Al-Mulla discussed the possible partnership with Honeywell executives in Cairo.
-
Enppi, OAPEC sign partner to enhance technical skills across petroleum sector
Enppi and OAPEC ink deal to share knowledge and training in the petroleum industry, boosting cooperation between Egyptian companies and international organizations.
-
Petroleum Min. Discusses with "Honeywell" Production of Sustainable Aviation Fuels
The production capacity of the project is estimated at 120,000 tons annually of sustainable aviation fuel product.
-
Egypt's Sidpec, Nigeria's Rungas to establish gas cylinder factory
Egyptian state-owned Sidi Kerir Petrochemicals (Sidpec) signed an agreement with the Nigerian company Rungas to establish a gas cylinder factory.
-
Egypt’s $1.8B drilling spree led by Eni
Eni begins drilling Orion-1X well in Egypt's offshore Nile Delta, targeting vast gas and liquid reserves, part of $1.8B drilling campaign.
-
Exxonmobil Set to Expand Operations in Egypt
ExxonMobil, the U.S.-based oil and gas giant, is planning to significantly expand its operations in Egypt.
-
Wataniya stake sale to be complete by 6 weeks, says Planning Minister
The stake sale of Wataniya Petroleum, owned by the National Service Projects Organization, is expected to be completed within six weeks.
-
ExxonMobil Considers Investing in Marketing, Distributing Petroleum Products in Egypt
The company is investing in two areas to search for gas in the Mediterranean Sea, in which work will begin early in the new year.
-
Israel reroutes gas exports to Egypt via Jordan
All Israeli gas pipeline exports to Egypt have been redirected through the FAJR gas pipeline in Jordan, following a halt in flows via the East Mediterranean Gas (EMG) pipeline.
-
Chevron halts gas exports via EMG pipeline from Israel to Egypt
The 90-kilometer pipeline is the main link between the Chevron-operated Leviathan offshore gas field and Egypt.
-
Egypt's petroleum sector aims to drill 110 exploratory gas wells until 2030
Egypt's petroleum sector is planning to drill 110 exploratory gas wells by 2030 with an investment of approx 4.8 billion dollars.
-
Egypt plans oil projects worth $4.5bln
According to the report, the strategy also focused on “turning Egypt into a regional oil and gas marketing centre.”
-
Eni Secures Three Exploration Contracts in Egypt
Eni will explore two of the Mediterranean Sea blocks independently while the third will be explored in partnership with bp and QatarEnergy.
-
Egypt talks with Eni, BP to enhance investment opportunities
Egypt's Minister of Petroleum and Mineral Resources, Engineer Tarek El Molla, discusses business collaborations with CEOs of British Petroleum and Eni.
-
BP Secures Offshore Exploration Block in Egypt
British Petroleum (BP) wins a bid for offshore exploration in Egypt. The oil giant secures this as part of the 2022 International Bid Round by the Egyptian Natural Gas Holding Company.
-
Investments in Egypt's oil & gas sector in 2014-2023 amounts to LE1.2T
Between 2014 and 2023, the Egyptian government invested LE1.2 trillion in the oil and gas sector, evidenced by completed projects worth LE844.2bn and others in-progress worth LE344bn.
-
Egypt converted over half a million vehicles to run on natural gas
Egypt has converted 507,000 vehicles to run on natural gas as part of its national initiative meant to replace old cars that use traditional gasoline.
-
Egypt to hedge oil supply during FY2023/2024, finance minister
Egypt engages directly in the oil derivatives market to lock in supplies, becoming a significant market player. An official revealed that Egypt has purchased hedging contracts covering 35% of its expected oil imports.
-
BP and ENI among the winners in Egypt licensing round
The companies paid $7.5 million in signature bonuses and have committed to investments totalling about $281 million.