Oil & Gas News
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Egypt's petroleum ministry, Germany's DEA sign $20 mln energy exploration deal
The deal is in regards to oil and natural gas exploration in Ras Badran and Khaleeg El-Zeit in the Gulf of Suez.
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Egypt is shaping up to become a real energy hub
The large scale concessions awarded during the EGYPS2019 conference in Cairo showed the appetite of IOCs, such as Shell, BP and ENI in Egypt.
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Saudi Aramco and Egypt’s SUMED sign oil deals
The two signed a deal to supply fuel oil storage capacity of 165,000 cubic metres in the Red Sea port of Ain Sokhna.
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BP to invest about $1.8 bln in Egypt this year
BP Chief Executive Bob Dudley expects a crude oil price of $50-65 a barrel over the next year.
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Egypt's PM inaugurates third International Petroleum Conference in Cairo
It is being held under the auspices of President Abdel-Fattah El-Sisi and will see the participation of a number of Arab and African oil ministers.
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Egypt carrying out oil refining megaprojects worth $9 bln
The new project, which cost $1.3 billion, is meant to meet the local market's needs for oil and high-octane gasoline, the minister added.
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Italian oil giant Eni says overall investments in Egypt total $13 billion since 2015
Egyptian presidency spokesman Bassam Rady said that Descalzi told El-Sisi about the company’s plan to increase investments in the coming period.
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Western Desert produces about 60% of Egypt's crude oil
The minister urged foreign companies to invest in the Western Desert as he expects more discoveries to be unearthed in this area.
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Budgeting for oil prices
The decline in oil prices will relieve the pressure on Egypt’s budget, but can it be sustainable?
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Mubadala and BP enter ENI Nour concession in Egypt
ENI will retain a 40% share in the concession, which is in participation with the Egyptian Natural Gas Holding Company (EGAS).
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Egypt says U.S. oil firms showing appetite for offshore projects
Petroleum Minister Tarek El Molla said he expects US energy companies to participate in two bidding rounds due before year-end.
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The 10th edition of Mediterranean Offshore Conference is coming
The official event of the Egyptian Petroleum Sector, will take place in Alexandria, EGYPT from 14 to 16 October 2019.
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Egypt accuses three oil executives of embezzling nearly $1 billion
The firm's former deputy chairman and two other officials face a criminal trial on charges that they manipulated the company's books.
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Egypt’s petroleum minister says LNG vessel to leave before weekend
Norway’s Hoegh LNG said Egypt was to give up one of its two floating liquefied natural gas (LNG) terminals.
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Egypt ceases imports of liquefied gas
Petroleum Minister announces Egypt has achieved self-sufficiency in gas production.
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Egypt, Jordan agree on amending gas import deals
The parties also discussed continued cooperation between the two nations regarding mineral resources.
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Egypt hikes natural gas prices by up to 75 percent
Egypt has raised natural gas prices for households and businesses by between 33.3 and 75 percent.
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Remote type electromagnetic flow meter
The electromagnetic flowmeter can be used to measure the volume flow of conductive fluid in a closed pipeline. It is widely applied in the flow measurement
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Power supply electromagnetic flow meter
Electromagnetic flowmeter is composed of sensor and converter. It has two forms: compact-type and remote-type. The remote-type also needs a special do
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Italian energy major makes second oil strike in Egypt's Western Desert
The well, some 130 Km north of the oasis of Siwa, is the second one drilled by Eni to explore the deep geological sequences of the Faghur Basin.