Energy News
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Cyprus, Egypt Agree on Gas Export to Europe
The two countries also reached an agreement on Cyprus’s Aphrodite gas field with Chevron Cyprus, NewMed Energy, and BG Cyprus.
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BP Starts Production From Raven Second Development Phase
The new wells are expected to produce approximately 220 billion cubic feet (bcf) of gas and 7 million barrels (mmbbl) of condensate.
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Saudi Arabia, Egypt strengthen energy cooperation with new energy agreements
The project is being carried out by a consortium of three global companies, with completion expected by next summer.
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Egypt to Clear Remaining $1 Billion in Energy Arrears by Next Month
The move is expected to bolster investor confidence and drive further energy development projects.
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Irrigation minister: We are keen on supporting African brethren through training programs
Sweilam pointed out to Egypt’s first National Climate Change Strategy 2050, which includes high-priority projects.
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Egypt, UAE enhance cooperation in natural gas sector
Egypt and the UAE strengthen ties in the natural gas sector, opening doors for new energy collaborations and trade partnerships.
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US Apache to begin drilling in Egypt's Western Desert
The Egyptian government is working to increase the quantities of natural gas available, in order to meet the country's needs.
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Arcius Eyes Expanding its Business in Egypt
They discussed the company’s activities in its concession areas in Egypt and the investment opportunities available in the gas sector.
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Egypt and Spain Explore Investment Opportunities in Hydrogen Production
The Minister said that the Egyptian market has many distinctive investment opportunities in the field of hydrogen production.
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Egypt's Private Non-Oil Sector Records Best Performance Since 2020
The jump in Egypt’s Global Purchasing Manager’s Index also marks the first signs of growth since August, according to S&P.
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Barrick Gold Looks Forward to Acquiring New Mining Concessions in Egypt
Mark Bristow, the President of Barrick Gold Investments, praised the efforts to develop Egypt’s mining sector.
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Egypt to launch new initiatives supporting NatGas adoption and electric vehicles
The initiative was ready for launch and would be supported by a public awareness campaign to highlight the benefits.
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Turkey to supply Egypt with large amount of gas
Egypt is preparing to receive the Turkish gasification ship Botas in June, to provide the market with supplies of up to 500 million cubic feet of gas.
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Egypt faces greatest water stress in Nile Basin
Over the years, Egypt has invested $100 million in projects that directly benefit the citizens of the Nile Basin countries.
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Why renewable energy is Egypt’s next big opportunity
The country is on the cusp of harnessing its renewable energy potential to meet domestic demand, and reduce its reliance on fossil fuels.
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How did Egypt manage to save $900million in 10 months?
Egypt’s ability to save $900 million in under a year showcases the effectiveness of Egypt's reforms.
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Egypt to revive Ataka hydropower plant project
The state awarded the contract to build and fund a pumped-hydro storage plant to Sinohydro in 2018.
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Egypt’s GUPCO Confirms New Oil Discovery in Gulf of Suez
GUPCO will complete the development of the discovery by drilling two additional wells, which will contribute to adding over 5,000 barrels.
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Pre-drilling estimates in Gulf of Suez indicate 8 mln barrels of crude oil reserves
The petroleum ministry anticipates that production volumes may exceed this estimate.
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Saipem drillship arrives in Egypt to work on Eni’s giant gas field
The Italian firm classifies the field as a supergiant, containing 480 million barrels of oil equivalent (mmboe).