Oil & Gas News
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.
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Egypt to repay debts to foreign oil firms within six months
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost three years of instability.
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Egypt's gas exports fall 81.4% in September
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
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Egypt & Energy: What's the plan?
It is no secret: Egypt is facing an energy-crisis - have a look at the most important numbers and possible solutions.
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Egypt's cement firms overcome gas shortages by importing coal
The government has targeted energy-intensive cement companies for cutoffs while its priority has been to preserve gas for power generation.
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BP to invest $240m in Egypt through 2 new exploration blocks
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round.
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Kuwait to raise crude oil exports to Egypt, could send diesel
Saudi Arabia, Kuwait and the United Arab Emirates have together provided Egypt with billions of dollars in grants, loans and petroleum products.
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EGAS, Hoegh sign LNG agreement
Norwegian firm beats Malaysian, American and Dutch companies to win international tender.
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Egypt signs $350 mln in oil, power financing deals with Saudi
Two loan agreements signed on Saturday worth a total of about $100 million will be invested in two electricity stations.
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BG seeks revival of Egypt LNG business with BP deal
BG is in advanced talks with Israel to import gas supplies into Egypt and this week began similar discussions with Cyprus aimed at restoring output.
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BG Egypt in talks to import gas from Cyprus
BG Egypt, a subsidiary of global energy company BG held talks on Tuesday to import natural gas from Cyprus, the company said on Wednesday.
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Egypt's natural gas exports down 86% y-o-y in August
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
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Tamar partners negotiating sale of natural gas to Egyptians
Gas will be delivered via pipeline originally built to transport Egyptian gas to Israel.
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UAE’s Gulf Capital invests $25m in Egypt’s Amak Petroleum
The investment is expected to help Amak, a firm specialising in providing petroleum services, to fund its growth plans.
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Egypt repays $350 million debt to British Gas
Egypt's debts to foreign energy firms operating in the country increased after the political turmoil which followed the 2011 revolution.
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Egypt cuts accumulated oil debt to $4.9bn
The loan was secured from National Bank of Egypt (NBE), Commercial International Bank (CIB), the Arab African Bank and Qatar National Bank (QNB).
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Egypt pays another $1.5 billion to oil producers
The payment was funded through an EGP 10 billion loan from local banks, arranged by the National Bank of Egypt, the statement said.
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Can Egypt's crisis help clean energy gain traction?
For several years now, Egypt has struggled with power outages that have bogged down its ailing economy and disrupted daily life.
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Egypt pays $1.5 bln to foreign energy companies - oil ministry
Egypt has paid $1.5 billion of its debt to foreign energy companies, the oil ministry said in a statement on Thursday.
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Dana Gas in deal to recover $280m owed by Egypt
A new Gas Production Enhancement Agreement (GPEA) will permit Dana Gas to drill 37 new wells and redevelop existing ones.