Oil & Gas News
-
The Oil Ministry is eying 14 Mediterranean exploration wells in USD 1 bn+ drilling push this year
The Med push is part of a wider 101-well exploration program for 2026, with total expected drilling investment of USD 1.31 bn.
-
Egypt's crude oil output tops 540,000 bpd after EGPC efforts
The petroleum sector has succeeded in adding approximately 12,000 bpd of crude oil and condensates to the Western Desert's production.
-
Harbour Energy Commits Initial $6 Mn for Desouq, Eni Renews Port Fouad Deal
The total investment could rise to around $18 million if new discoveries are made and subsequently developed.
-
Egypt Adds 12,000 bbl/d in Western Desert Output in Two Weeks
As part of its strategy to boost domestic oil and gas output, the Egyptian oil and gas sector has added roughly 12,000 barrels per day (bbl/d).
-
Taqa Arabia acquires 10% of 172 Wataneya stations
The 172-station network will be operated via a new vehicle — Quick Fuel for Petroleum Products Trading and Distribution.
-
Egypt clears $6.1bn energy arrears: What it means for investment
The government has now reduced arrears owed to international oil and gas partners to zero, after the debt had reached around $6.1 billion in 2024.
-
Egypt clears arrears to oil and gas companies
Badawi said clearing the debt removed a key obstacle to new investment inflows and would support increased exploration, drilling.
-
Egypt to support rehabilitation of Syria's oil and gas sector
Egypt & Syria will establish a technical framework to oversee previously agreed energy projects and support the rehabilitation of Syria's oil and gas.
-
Egypt in record production in Sinai offshore fields
Sinai offshore oil fields have reached their highest daily production level since 2017, according to the Egyptian Ministry of Petroleum.
-
Offshore Sinai oil production hits highest level since 2017
The production increase has generated a surplus of more than 10 barrels per day compared to previous levels and an additional cumulative production.
-
Israel gas cuts force Egypt into emergency summer fuel imports
EGAS has reached an agreement with international suppliers to accelerate the arrival of 60% of the contracted volumes to this week.
-
Oil Ministry pushes for September FID on 3.7 tcf Aphrodite gas field
The government is pushing for a September final investment decision on the Aphrodite gas field ahead of a 15-year import contract.
-
Who pays Egypt’s new gas tax?
It is a fiscal and compliance move that mainly affects companies involved in buying, selling, supplying, or accounting for natural gas.
-
Egypt Cabinet Imposes VAT on Natural Gas, No Impact on Households
It is subject to a table tax of EGP 20 per 1,000 cubic feet. This comes as part of a wider plan to increase state revenues and widen the tax base.
-
Egypt qualified to become energy hub linking Caspian region and Europe
Egypt is also planning to strengthen cooperation with Azerbaijan and Turkey and expand its mining and energy sectors.
-
Why our gas sector is leaning heavily on LNG imports
Natural gas imports jumped 36% y-o-y in 1Q 2026 as the country pivots to LNG to cover domestic demand and preserve its export hub ambitions.
-
Israel reduces gas supplies to Egypt over Tamar, Leviathan ‘maintenance’
The government is preparing to add 1,800 megawatts of solar power to the national electricity grid in June 2026 to cut gas consumption.
-
A look into Egypt’s new wave of gas discoveries
While the headlines surrounding the discoveries are optimistic, the bigger picture is far more complex.
-
Egypt marks record year for gas discoveries
Egypt’s recent Eni-linked gas finds have lifted hopes of an upstream revival, but analysts say import pressure is unlikely to ease soon.
-
Chevron drills new well at Nargis gas field offshore Egypt with Stena Forth
Chevron spudded a new development well at the Nargis natural gas field in the Mediterranean Sea offshore Egypt using Stena Drilling’s ship.