Oil & Gas News
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Restart of Drilling Ops at Egypt’s Zohr Gas Field Expected in December
Egypt plans to increase oil and gas exploration works in 2025, Badawi added.
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Egypt slashes renewables target to focus on natural gas
Egypt, the world’s 11th-largest natural gas producer, has positioned itself as a supplier of liquefied natural gas (LNG) to Europe.
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Egypt signs 4 MoUs with int'l companies to enhance oil cooperation
Egypt signed four memorandums of understanding (MoUs) and cooperation agreements with international companies to enhance oil cooperation.
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Egypt’s government reveals plan for fuel prices until end of 2025
Madbouly said: “We are have to gradually increase fuel prices until the end of 2025,” noting that there will be no increase for the next six months.
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No fuel price Increases until the end of 2025 if global price stabilizes
If global prices stabilize at an average of $73 per barrel, there will be no further hikes until the end of 2025.
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Egypt raises fuel prices for 3rd time in 2024
Ministry of Petroleum and Mineral Resources announced Friday the third fuel price increase in 2024, affecting various octanes and diesel.
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Eni to drill new wells in Egypt
Badawi made the remarks during the general assembly meeting of PetroShorouk, the operator of the Zohr field.
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Egypt Eyes Gas Production Increase
The government aims to ramp up output at Zohr by drilling new wells starting in the first quarter of 2025, according to a ministry statement.
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Agiba Petroleum Company’s total investments reach $417M during FY2023/2024
El-Gendy also announced the construction of a new state-of-the-art station to treat oil-associated water with a capacity of 45,000 barrels per day.
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Egypt aims to boost natural gas output by 30% per day by 2025
This production increase aligns with the government’s commitment to settle arrears owed to foreign oil companies before the fiscal year ends.
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Egyptian companies deliver natural gas to homes in Europe
This comes after Town Gas was approved by the Romanian Energy Authority, becoming the first Egyptian company working in this field in Europe.
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ADNOC, ENPPI partner to boost UAE's local industrial sector
The UAE nationals to be employed will be trained by ENPPI at its Project Home Office in Dubai South and headquarters in Cairo, Egypt.
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Chevron to Start Drilling New Gas Well in Egypt's Mediterranean
The upcoming drilling is part of Chevron's broader strategy to expand its presence in Egypt's energy sector.
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Egypt's Petroleum Min. Meets Macron on Sidelines of Francophonie Summit
The 19th Francophonie Summit was held in the French capital, Paris, on October 4-5.
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bp Outlines Plans to Accelerate E&P Operations in Egypt
He also highlighted the new incentive package recently introduced by the petroleum sector, aimed at increasing oil and natural gas production.
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LNG pressures drive FX liquidity concerns
Market focus has shifted from tourism, Suez Canal revenues to declining FX proceeds from LNG exports.
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BP, ADNOC plan to expand natural gas exploration in Egypt
The bidding process aligns with the ministry's strategy to attract fresh investments to Egypt, emphasizing the exploitation of promising opportunities
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Egypt pays $1,2 billion in back payments to foreign oil companies
Three officials told Asharq that Egypt's efforts to pay arrears to foreign oil companies come at a time when it is trying to increase natural gas.
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Ganope drills 9 wells with investments of $40 in FY2023/2024
The company also extracted 2,200 million cubic feet of associated gas, fortifying the proven reserves to 185 million barrels of crude oil.
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EGAS head highlights 11 new agreements in sector worth $925M
In terms of production, the assembly revealed that 19 new gas wells have been added to the production map, with an investment of $613 million.