Oil & Gas News
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Egypt seeks stake sale in $6.5 billion Siemens power stations
Selling stakes in the power stations is subject to the approval of German banks.
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Apache wants more concession areas in Egypt’s desert
The Apache Oil Company is trying to acquire a large number of new areas in Egypt to search and explore for oil.
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Fuel prices in Egypt to soon be fixed
Citizens questioned expectations about fuel prices on social media, following large waves of inflation that have been affecting the Egyptian economy.
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Egypt Gas posts 23.6% YoY growth in Q1 net profits
Established in 1983, the company is engaged in the design, installation, operation, and maintenance of natural gas distribution networks.
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Petroleum Ministry says US “Apache” enhance investments in Egypt
US oil company Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert.
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Israel-Egypt Onshore Gas Pipeline Advances With Cabinet Approval
Israel’s gas network operator INGL is set to build a second pipeline aimed at boosting Israel-Egypt gas flows following this week’s Cabinet approval
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Egypt is lowering oil prices by 15%
CAPMAS reported that crude oil exports fell by 58.8% to reach $243 billion, compared to $590 million during the same period in 2022.
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Egypt is accepting bids for Safi, Wataniya in May: Prime Minister
Saad stated that major consortiums of Egyptian and foreign entities are among the contenders for Safi and Wataniya.
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Israel, Egypt to expand gas pipeline infrastructure
Increased production in Israeli fields necessitates transporting more gas to Egypt, which is then converted to LNG and sold to Europe.
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TAG Oil achieves first oil production in Egypt’s Western Desert
On flowback, the well unloaded to surface under natural flow and cleaned up approximately 40% of the injected fracture fluid.
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Egypt sees a decline in gas and oil exports
In the months of January and February 2022, exports were recorded at $2.74 billion, a decline of 28.1 percent or $769 million.
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Egyptian oil and gas exports drop 28.1% in first two months of 2023: CAPMAS
Exports were recorded at $2.74 billion in the January-February period of 2022, representing a decrease of 28.1 percent or $769 million.
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Egypt fixes fuel prices on Wednesday
The Egyptian Petroleum Products Automatic Pricing Committee during its Wednesday meeting recommended it fix the different prices of fuel.
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bp awards subsea operations offshore contract off Egypt to Subsea7
Subsea7 has commenced project management and engineering, and will oversee the project from its French, UK and Portuguese offices.
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Egypt will be saving 20% in diesel subsidies after recent price increase
Egypt will save EGP 16 billion ($516.97 million) or 20 percent of the annual diesel subsidies bill.
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Eni delivers Egyptian LNG to new regas plant at Piombino
Eni has delivered a cargo of Egyptian LNG to Snam’s regasification terminal in Italy.
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Egypt raises diesel prices
Egypt's fuel pricing committee raised its diesel prices by EGP 1 to EGP 8.25 ($0.2666) per liter but kept gasoline prices unchanged.
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Fitch Solutions: Egyptian petrochemical sector exports grew 45% in 2021
Fitch Solutions indicated that the Egyptian petrochemical, chemical, and cement industry exports have grown by 45%.
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Subsea 7 and SLB alliance bags BP contract in Egypt
Project management and engineering have commenced and will be managed from Subsea 7 offices in France, the UK and Portugal
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Molla: We expand spot contracts to export LNG
Molla said in statements on Monday 1/5/2023 during talks with Spanish Ambassador in Cairo Álvaro Iranzo.