Energy News
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Chinese oil company eyes expanding petroleum cooperation with Egypt
The two sides discussed ways to increase cooperation between the NPIC and the Egyptian petroleum sector.
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The UAE’s Metito is looking to establish 4 desalination in Egypt
The four desalination plants that would serve their Egyptian green hydrogen production facilities.
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100 days in Egyptian wind energy projects
Egypt's wind energy sector has experienced remarkable developments, with multiple domestic and international entities making significant investments.
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Egypt Plans To Increase Its Dependence On Renewable Energy By The Year 2040
The country aims to reach 60% dependence on renewable energy by 2040. This is an update to the previous target of 42% by 2030.
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First oil rig manufactured in Egypt now at Egyptian-Chinese Drilling Company
Minister of Petroleum Tarek al-Molla witnessed the delivery of the first oil rig manufactured at the Egyptian-Chinese Drilling Company in Ain Sokhna.
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TAQA Arabia’s stock surge by 3900% after first day puzzle
TAQA Arabia’s stock surged by a whopping 3,900 percent to close at a value of EGP 20 per share, up from EGP 0.5, ending a two-day havoc.
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El Molla, US DOE’s Crabtree discuss methane and Carbon reduction co-op
The meeting examined the current efforts between the two countries within international initiatives.
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Golden Triangle development project is a vital national project, PM
The meeting emphasized the Safaga region, prioritizing it as a crucial phase in the Golden Triangle Economic Development Project.
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Egypt to establish 6 complexes to extract gold in Eastern Desert
The government-affiliated Shalateen Mineral Resources firm is working to establish these complexes.
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Actis favorite to acquire 580-MW Egyptian Red Sea wind farm
Emerging-market private equity giant Actis is in line to acquire the state-owned 580-MW Gabal El Zeit wind farm
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Shell, partners sign agreement to develop 10th phase of Egyptian Mediterranean gas concession
Shell's Egypt unit, BG Delta Limited, and its partners signed an agreement with two Egyptian state-owned energy companies and Malaysia's Petronas.
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SCA Chairman Inspects Solid, Liquid Waste Recycling Factory in Greece
The inspection tour included waste recycling facilities and laboratories at the Antipollution plant.
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Shell to begin drilling offshore Egypt this year
Subject to regulatory approvals, drilling activities are expected to commence in late 2023 when the rig arrives at the location.
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Masdar enters new partnership for Egyptian wind project
The landmark wind project will produce 47 790 GWh/y of clean energy per year and reduce around 9% of Egypt’s annual carbon emissions.
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Egypt to dig 35 new natural gas wells, investing $1.8 billion
Over the past five years Egypt has successfully dug 576 new exploratory natural gas wells and made 289 gas and petroleum discoveries.
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Egypt signs $5bn deal with Norwegian utility for development of wind farm
The wind farm will also create 8,000 jobs for the province's residents, among the country’s poorest.
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Egypt aims to reach 60% of dependence on renewables by 2040
Renewable energy plants from sun or wind will be the least expensive in the coming years compared to conventional power plants that depend on fuel.
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Egypt starts $1.8 billion gas exploration wells programme -minister
The programme is in cooperation with Eni (ENI.MI), Chevron (CVX.N), ExxonMobil (XOM.N), Shell (SHEL.L) and BP (BP.L).
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Egypt: ASCOM shifts to $1.24mln profits in Q1-23
The revenues amounted to $3.68mln in the first three months of 2023.
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Egypt executes 8 new projects valued at $5bn to expand petroleum sector
This falls in line with the ministry’s bid to develop and propel the performance of the petroleum refining industry in the North African country.