Oil & Gas News

Egypt sees major oil sector growth with new discoveries by Cheiron and investments by Shell and Dragon Oil. Exploration deals valued at $319 M signed.
Papers by Egypt Business Directory

The Egyptian government announced a plan to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with $1.9 billion.
30.08.2023 | News by Ahram Online

Egypt energy company TAQA Arabia has submitted a non-binding agreement to acquire fuel stations owned by Wataniya Petroleum.
30.08.2023 | News by Ahram Online

The energy giant pledged $3.5 billion in investment into gas exploration in Egypt over the next three years.
30.08.2023 | News by Al Monitor

The company is also keen to provide scholarships to young Egyptian people to study in major British universities, Looney noted.
29.08.2023 | News by Egypt Today

This is according to data from the African Energy Chamber in its August 2023 State of African Energy report.
24.08.2023 | News by Naira Metrics

The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day, the ministry said.
23.08.2023 | News by Reuters

Molla said Apache has recently achieved many successes as part of a promising program for digging oil wells in the Western Desert.
22.08.2023 | News by Egypt Independent

Egypt has emerged as Africa's second-largest gas producer with proven reserves of 75.5 trillion cubic feet (tcf) of natural gas.
Papers by Egypt Business Directory

Egypt's trade deficit grew by 4.3 percent to $3.74 billion in May 2023, compared to $3.57 billion in the same month last year.
09.08.2023 | News by Ahram Online

This is part of Shell’s plans to be an energy hub in the region amid the ongoing power cuts for the shortage of gas supply needed for power stations.
06.08.2023 | News by hellenic shipping

The shipment is the first of the government’s planned imports of Mazut to meet the increasing demand for electricity.
03.08.2023 | News by Egypt Independent

Dragon Oil will start production within two months from the North Safa field in the Gulf of Suez, with a capacity of 15,000 barrels of oil per day.
02.08.2023 | News by Zawya

The Western alliance of the US and Europe fights dependence on Russian gas through its alliances with Cairo.
31.07.2023 | News by altayar

Egypt has signed three new agreements worth $319.5 million to dig 13 wells.
30.07.2023 | News by Ahram Online

The National Service Projects Organization (NSPO) has acquired a 20 percent share of TAQA Arabia at LE 1.6 billion.
27.07.2023 | News by Egypt Independent

Current investments into the giant offshore natural gas field are estimated at $12 billion so far.
26.07.2023 | News by Zawya

Egypt is targeting a resumption of liquefied natural gas exports by October at the start of autumn, petroleum minister Tarek El Molla told reporters.
23.07.2023 | News by natural gas world

A crucial development has been the announcement of new oil and gas fields discoveries by western companies.
23.07.2023 | News by economies

The average realized oil price per barrel from Egypt for the first half was approximately $78, compared with $105 in the first half of 2022.
23.07.2023 | News by rigzone