Oil & Gas News
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Egypt's petroleum sector thrived in 2023, here's how
Egypt has sealed 29 agreements valued at an impressive $1.2 billion for oil and gas exploration.
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Top 10 petroleum service companies in Egypt
Petroleum service companies provide a range of specialized services to the oil and gas industry, including engineering, procurement, and drilling.
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Harbour Energy Signs $11.2 Billion Deal For Wintershall Dea Assets
This amount includes the outstanding bonds of Wintershall Dea, with a nominal value of around $4.9 billion that will be transferred to Harbour.
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Oil Rises to Highest Level in Two Weeks amid Red Sea Shipping Concerns
The recent escalation in attacks by the Iranian-backed Houthi group in Yemen has fueled a rise in oil prices.
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Egypt Signs MoU with Romania's “CIS” to Support Implementing Natural Gas Networks
The memorandum of understanding was signed by Mohamed Fathi, Chairman of Town Gas, and the General Manager of the Romanian CIS Gaz Company.
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Egypt extends contract with Lukoil for Eastern Desert oil concession
Egypt extends Lukoil's contract for the West Esh El-Milaha oil field, boosting production and attracting significant foreign investment.
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Egypt’s petroleum imports shrink 11.4% in September: CAPMAS
Egypt’s petroleum imports, including crude oil and oil products, dropped 11.4 percent to $1.06 billion in September from $1.2 billion in August.
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Saudi-led consortium secures major service contract with Egyptian Petroleum Corporation
Saudi-led consortium signs 10-year contract with EGPC to boost production in Egypt's SUCO and OSOCO oil fields.
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Egypt prepares to export 2 liquefied natural gas shipments to Europe
The shipments will depart from the liquefaction stations in Idku and Damietta in mid-December 2023.
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Libya’s Ministry of Oil and Gas condemns Egypt-South Korea oil deal
Libyan Ministry condemns Egypt-South Korea deal for exporting Libyan oil via Garjoub without Libya's knowledge or involvement.
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Egyptian government delays sale of Wataniya stations
TAQA Arabia has submitted its bid, and a consortium comprising Shell and a Saudi investor has also presented an offer.
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Middle East and North Africa supply about one-third of global LNG
Qatar is one of the three largest LNG exporters, averaging 10.3 billion cubic feet per day (Bcf/d) during the last 10 years.
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Egypt's Petroleum Min. Discusses Boosting Mediterranean Gas Production with ENERGEAN
The meeting also saw discussions on ways to support cooperation on removing carbon from the various stages of the natural gas value chain.
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Egypt to offer state-owned ChillOut fuel stations under IPO programme
Egypt is ramping up restructuring efforts with the sale of ChillOut fuel stations to the private sector as part of the country's IPO programme.
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Shell Egypt appoints Dalia El Gabry as new vice president, country chair
El Gabry has a rich and diverse experience of 28 years at Shell, spanning various businesses and functions.
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Egypt plans to export 1B cubic feet of LNG daily in January
A source familiar with the matter said that Egypt’s imports of Israeli natural gas have resumed to its pre-war levels at 850 million cubic feet a day.
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Egypt wants Libyan crude oil exported from its Gargoub port
Egypt is eying to have Libya export its oil from Egyptian ports with South Korea's assistance in developing the Gargoub seaport in Egypt.
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Slovakia to invest in Egypt's oil and gas sector: Petroleum Minister
Minister El-Molla emphasized the petroleum sector's readiness to cooperate with Slovak companies across various areas within the petroleum industry.
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Dana Gas plans to expand gas drills in Egypt by $43M investments
The program aims to boost its daily gas production by 30 million cubic, through drilling 11 development wells and three exploratory wells.
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Methanex (MEOH) Provides Update on Egypt Methanol Operations
Shares of Methanex have gained 9% over the past year against a 14.7% decline of its industry.