Oil & Gas News
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Shell Reveals Drilling Plans for New Wells in the Mediterranean
They also discussed the company’s activities in the fields of oil marketing, carbon reduction, social development projects and LNG.
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ExxonMobil provides $90M in seismic exploration in Egypt
The corporation aims to accelerate drilling endeavors upon the arrival of the drilling team in October.
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Maridive Lands $17.8 Million Contract for Q3 2024 Petroleum Projects in Egypt
According to the announcement, project execution commences in the Q3 of 2024.
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Egypt to initiate global tender to explore natural gas
This initiative aims to incorporate fresh wells into the production network within the next few months, as per the source.
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Egypt, UAE Sign $3B MoU for Petroleum Logistics Projects
Egypt aims to mirror the integrated system operated in Fujairah, deploying it at Egypt’s Hamra Petroleum Port on the Mediterranean coast.
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AOI inaugurates first gas stove safety valves production line in Egypt
The ABD aims to supply valves to the local market to meet the increasing demand, in addition to exporting to Arab and African countries.
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Egypt Discusses with Russia's "Rosatom" Investment Opportunities
The company delegation expressed interest in a number of partnership and investment opportunities with companies affiliated with the ministry.
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Egypt to boost natural gas production by 5B cubic feet per day by end of 2024
This move aims to integrate additional wells into the production system in the upcoming months, as per the source.
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Assiut $3 bln diesel production complex almost finished
The new diesel production complex in Assiut is almost finished with 78 percent progress, according to a statement by the Ministry.
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Fertilizer Factories Operating Regularly after Natural Gas Back up
This came during a meeting Wednesday with the ministers of agriculture, business, and petroleum to follow up on the situation of fertilizer production
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EGPC, Shell, Petronas Sign $222 Million Agreement for West Delta Development
This comes with a total investment of $222 million, and a commitment to drill three wells to produce natural gas and establish marine facilities.
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Egypt considers purchasing floating regasification unit with Jordan
Egypt is considering a partnership with Jordan to contract an international company to purchase a floating gasification unit.
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Egypt Signs Landmark $120 Million Agreement with Cheiron
The agreement is sealed between EGPC; Cheiron Energy and KUFPEC to pump new investments for boosting development operations.
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GUPCO to invest $226 mln in drilling 5 petroleum wells in Egypt
The Gulf of Suez Petroleum Company (GUPCO) will drill five new developmental petroleum wells in the North Safa and Al-Wasl fields.
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Egypt raises domestic fuel prices by up to 15% before IMF review
Diesel, one of the most commonly used fuels, saw the biggest increase, rising to 11.50 Egyptian pounds ($0.24) from 10 pounds.
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New fuel prices in Egypt: How will it impact you?
Egypt's petroleum sector is undergoing significant changes, marked by recent decisions to raise fuel prices and efforts to increase production.
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Italian ENI to increase oil, gas production in Egypt
Badawi and Opizzi have also agreed to benefit from Egypt’s position as a regional hub for energy trading to receive the gas produced by ENI SpA gas.
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Egypt launches tender to import 5 gas shipments in August, September 2024
The official has affirmed that Egypt will recurrently release bids for gas imports until local production rebounds.
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Power plants’ consumption records all-time high
The Ministry of Petroleum and Mineral Resources stated Monday that power plants' consumption of natural gas and fuel in Egypt reached an all-time high
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Egypt’s natural gas production at lowest level in 6 years
Egypt's natural gas production fell to its lowest level since February 2018, according to data from the Joint Organizations Data Initiative (JODI).