Oil & Gas News

This article will help you understand in a nutshell the latest updates in Egypt's growing oil and gas sector.
Papers by Egypt Business Directory

El Molla emphasized that Shell is a strategic partner for the petroleum sector and has been operating in Egypt for over 110 years.
23.05.2024 | News by Egypt Today

Wepco is planning to process 95 mn barrels of oil during the next fiscal year — an average of 260k barrels per day.
23.05.2024 | News by Enterprise

The government is currently working on evaluating the offers to decide upon the best one, Elsaid pointed out.
23.05.2024 | News by Zawya

The company aims to enhance production and inject further investments into Egypt's petroleum sector.
22.05.2024 | News by oil and gas middle east

The added storage capacity is expected to contribute to oil storage and export operations for the upcoming 2024 - 2025 fiscal year.
22.05.2024 | News by Enterprise

QatarEnergy has signed a farm-in agreement with ExxonMobil to acquire a 40% participating interest in two exploration blocks offshore Egypt.
13.05.2024 | News by Doha News

Egypt reportedly suspended exports of LNG as of May, in order to meet the demands of power plants.
12.05.2024 | News by Zawya

This contract not only enhances ADES Holding’s operational footprint but also significantly contributes to Egypt's energy sector.
Papers by Egypt Business Directory

To realize this growth, the commencement of operations at recently discovered deep-water fields in the western Delta will play a significant role.
08.05.2024 | News by Egypt Today

An unnamed official disclosed that the Egyptian government is expected to pay an annual fee of $90 million to utilize the FSRU unit.
08.05.2024 | News by Egypt Today

ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).
07.05.2024 | News by offshore energy

The overall value of Egyptian exports in February amounted to approximately $3,36 billion, down slightly compared to $3,52 billion in 2023.
07.05.2024 | News by Agenzia Nova

The new award follows the group’s recent contracts in Qatar and Thailand, slated to commence operations in the second half of 2024.
06.05.2024 | News by Zawya

The cuts started as Egypt allocated more of its gas production for export to raise scarce dollars, importing polluting fuel oil to keep some power.
06.05.2024 | News by Arab News

Aside from its unique geopolitical significance, Egypt is uniquely positioned too in the global oil market.
02.05.2024 | News by oil price

The aim is to reach 637 thousand barrels per day, compared to the current 580 thousand barrels.
28.04.2024 | News by Agenzia Nova

At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped.
28.04.2024 | News by Energy-Pedia

Shell and its partners developed the West Delta Deep Marine area in 300 phases.
24.04.2024 | News by Agenzia Nova

The agreement aims to establish a specialized free zone dedicated to petroleum production, as stated by the Cabinet.
23.04.2024 | News by Egypt Today