Oil & Gas News
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Egypt Increased Gas, Oil Production in Q3 of 2024
Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international.
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Egypt in talks with foreign companies over long-term LNG purchases
Egypt is buying dozens of cargoes this year and abandoning plans to become a supplier to Europe amid a steep decline in domestic gas output.
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Egypt intends to convert vehicles to run on natural gas
He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.
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Egypt’s petroleum sector sees growth with new projects & investments
Egypt has also unveiled new opportunities through its Digital Exploration Portal and partnered with global firms to reduce production costs.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
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Egypt to receive 8 LNG shipments in November to meet domestic gas demand
To ensure supply stability during peak winter demand, additional LNG shipments may be received if needed.
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Egyptian Competition Authority approves Emirates ADQ acquisition
The Egyptian Competition Authority (ECA) announced on Sunday the approval of Emirates ADQ, acquiring stakes in three Egyptian oil companies.
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QatarEnergy acquires 23 percent interest in North El-Dabaa
Under the agreement, QatarEnergy will acquire a 23 percent interest, while Chevron, the operator, will retain a 40 percent interest.
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Italian Eni to drill two new gas wells in Zohr field
Italian Eni company will drill two new gas wells in the Zohr field, according to CEO Claudio Descalzi, as reported by Al Arabiya.
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Egypt Launches Sustainable Aviation Fuel Company
ESAF further supports Egypt’s strategy for a gradual shift toward a greener economy, enhancing investment opportunities in sustainable energy.
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BAPETCO Signs 3 CSR Protocols for Projects in Matrouh
BAPETCO has studied and evaluated the necessary needs to improve and raise the quality of life in Matrouh Governorate.
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Italy’s Eni will restart gas drilling in Egypt and Libya
Italian energy company Eni is reviving its exploration operations on Zohr, Egypt’s largest natural gas field, by the end of the year.
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Petroleum Logistics Zone at Al-Hamra Port Is Now Underway
Established in partnership with the UAE, the logistics zone aims to enhance Egypt's role in regional petroleum trade.
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No new rise in retail natural gas prices in Egypt
Th Egyptian cabinet stated on Monday that most recent rises in retail natural gas prices were applied in September, and there were no new hikes in Nov
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USA’s Halliburton to Equip Deepwater Gas Production Wells in Egypt
The deepwater natural gas production wells are set to enhance Egypt’s gas production capacity.
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Fair fuel products pricing vs inflation in Egypt
The Ministry of Petroleum and Mineral Resources recently announced a significant increase in fuel prices, marking the third adjustment in 2024.
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Jordan, Egypt sign natural gas pipeline agreement
The minister noted that the energy bill is a challenge for various sectors, particularly the industrial sector.
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Egypt President, Eni CEO discuss moves to support gas production
Egypt planned to issue a tender seeking up to 20 cargoes of liquefied natural gas (LNG) to meet requests for the first quarter of 2025.
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PM Madbouly Inspects Ruhrpumpen Egypt
This visit aligns with the government’s commitment to advancing industries that supply critical components for major projects.
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Town Gas and Banque Misr Collaborate to Streamline Gas Payment Services
Town Gas has signed agreements with Banque Misr and its subsidiary Souhoola, allowing customers to pay for gas delivery in installments.