Oil & Gas News
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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.
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Italy’s Eni plans to invest $2bn in Egypt’s energy sector in 2026
Italian energy firm Eni plans to invest $2 billion in Egypt’s energy sector during 2026, the firm’s chief operating officer has revealed.
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The Egypt Energy Show (EGYPES) Launches in Cairo, Uniting Regional Leaders to Address Pressing Energy Security Prioritie
Over three days, the event will welcome more than 50,000 participants, 300 speakers, 2,200 delegates and 500 exhibitors.
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Egypt Turns to Libyan Oil Amid Gulf Supply Disruptions
Egypt is seeking to import at least one million barrels of oil per month from Libya.
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Egypt's Sisi says only Trump can stop war, warns oil could top $200
The war will trigger twin shocks of supply shortages and price rises, the full extent of which have yet to be felt, Sisi told the conference.
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Egypt to slow energy-intensive mega-projects, expand work-from-home as oil import bill surges
Egypt will slow work on energy-intensive mega-projects for two months, introduce mandatory work-from-home on Sundays at government workplaces.