Oil & Gas News
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Petromaint Records its Highest Ever Revenues in 2025
Petromaint secured contracts exceeding EGP 2.5 billion both domestically and internationally, further strengthening its market position.
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Cyprus' Aphrodite Signs 15-year Natgas Supply Deal with Egypt
Last month, Egypt and Cyprus signed a framework agreement for cooperation on gas.
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Egypt probes Qatari partnership for aviation fuel
Discussions centred on a number of strategic initiatives, foremost among them a proposal to establish a sustainable aviation fuel plant in Egypt.
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Key facts: BP to Drill in Egypt; Investors Seek Chair Ouster
BP to start drilling first gas well in Egypt within days as part of its 2026 program; regular payments and incentives speeding project timelines.
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Why Shell is Expanding its Investments in Egypt’s LNG Sector
To this end, Shell has announced its intention to expand its operations in Egypt, which has plentiful natural gas resources.
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Eni discovers 2 trillion cubic feet of gas offshore Egypt
Preliminary estimates indicate about 2 trillion cubic feet of gas initially in place and 130 million barrels of associated condensates.
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Egypt secures Libyan crude to compensate for Hormuz Strait closure disruptions
Turning to Libyan barrels to cut shipping costs and reduce supply chain risk.
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EXIM approves US$2 billion+ to send US LNG to Egypt
EXIM Board of Directors has approved an export credit insurance authorisation of more than US$2 billion supporting US LNG exports to Egypt.
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Dragon Oil places USD 3 bn on Gulf of Suez revival
Plus: PRE Group plans 10k-key hospitality expansion through global partnerships.
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Egypt Advances $570 Million SAF Project in Alexandria Targeting 120,000 Tonnes Output by 2029
$570 million investment positions Egypt within the global sustainable aviation fuel supply chain, with 120,000 tonnes annual capacity planned by 2029.
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Chevron Will Drill Two Gas Wells in Egypt in 2026
Chevron targets up to a 50% lift in Eastern Mediterranean production capacity over five years while advancing a Cyprus to Egypt subsea pipeline plan.
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Dragon Oil to Invest $3 Bn in Egypt
UAE Dragon Oil is planning to invest $3 billion in the coming years in Egypt, according to the company’s CEO Abdulkarim Almaazmi.
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Egypt signs lifeline million-barrel Libyan oil deal to defy Hormuz blockade
Egypt is planning to import at least one million barrels of Libyan crude oil per month, Bloomberg reported.
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Israel to resume operations at the Leviathan gas field
This field is a key source of gas supplies to both Egypt and Jordan. It had been shut down as a precautionary measure during the war with Iran.
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EGYPES 2026 turned 3 days into long-term energy deals
With over 50,000 attendees, 350+ speakers, and 500+ exhibiting companies, it was a signal of where Egypt is positioning itself in global energy.
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Egypt’s energy pivot: 8 moves investors should be watching
For investors, the signal is clear: Egypt is actively repositioning itself as both an energy producer and a regional hub.
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Dubai-owned Dragon Oil considering 3 investment opportunities in Egypt
He added that the company is committed to investing $500 million in Egypt by 2025 for its operating and capital budget.
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Egypt Denies Fuel Price Increase Rumors, Warns of Legal Action
The ministry confirmed that no decisions have been made to adjust petroleum product prices in the immediate term.
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ME escalation could cost region up to $194 bln, wipe out 2025 gains
A continued military escalation in the Middle East could reduce the region’s economic output by 3.7 to six percent.
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Egypt moves to link fertilizer feedstock costs to international gas prices
For producers of nitrogen-based fertilizers like urea and ammonia in Egypt, natural gas accounts for roughly 70% of production costs.