Oil & Gas News
-
Egypt strikes new deal with Israel to increase gas imports by 20 percent
Despite aiming to become an energy 'hub' in the wake of discovering its vast gas reserves, Egypt has become increasingly dependent on gas imports.
-
Egypt raises prices of butane gas cylinders by 33-50%
The Ministry of Petroleum and Mineral Resources has raised the prices of butane gas cylinders for domestic and commercial uses to EGP 150 and EGP 200.
-
EGPC acquires 20 shipments of LNG for $907M to meet domestic needs
The procurement deal involves a unique six-month deferred payment structure.
-
Egypt, US mull ways to boost oil cooperation
The two sides discussed the ways to cement oil-linked cooperation between Cairo and Washington.
-
Türkiye interested in offshore gas fields in Egypt
Bayraktar highlighted the improved relations between Türkiye and Egypt, noting the recent energy agreements between the two nations.
-
Egypt fully awards tender for 20 winter LNG cargoes
The most populous Arab country has returned to being a net importer of natural gas this year, buying more than 50 cargoes so far this year.
-
Egyptian Petroleum Min., Australian Amb. talk boosting cooperation in mining field
Both sides also tackled means to boost joint cooperation in the domains of petroleum and gas.
-
Egypt Eager for New Investment Opportunities in Oil, Gas Sectors
Badawi welcomed the expansion of Emirati investments in Egypt’s petroleum and mining sectors.
-
Egypt Seeks 20 LNG Cargoes for Winter
Egypt is seeking winter cargoes of liquefied natural gas for the first time in years, highlighting a deepening energy shortage.
-
Italy's Eni to deploy 3 drilling rigs for Egyptian Agiba petroleum
Italian energy giant Eni has confirmed it will begin operating three drilling rigs in Egypt starting next week to rump up oil production.
-
Gov't seeks to establish Egypt as regional hub for gas, energy in Eastern Mediterranean region
This is part of the Egyptian government's strategy to maximize the benefit from the country's natural resources.
-
Egypt's gas production: A race against demands
Egypt is on a strategic mission to ramp up its natural gas production, driven by partnerships with global energy giants BP and Eni.
-
BP to boost Egypt's gas production by 200M cubic feet per day
This move, confirmed by a government source speaking to Asharq Bloomberg, follows BP's hefty investment of over $400 million in drilling two wells.
-
Italy's Eni to deploy 3 drilling rigs for Egyptian Agiba petroleum
Italian energy giant Eni has confirmed it will begin operating three drilling rigs in Egypt starting next week.
-
Egypt counts on foreign funds to buy gas as power crisis worsens
Egypt needs some $2 billion worth of gas to cover summer demand through October, according to one of the two sources.
-
EGAS announces bid to explore natural gas in 12 regions in Mediterranean & Nile Delta
This endeavor aligns with the Ministry's strategy to attract new investments to Egypt by leveraging opportunities in gas and oil exploration.
-
Shell Reveals Drilling Plans for New Wells in the Mediterranean
They also discussed the company’s activities in the fields of oil marketing, carbon reduction, social development projects and LNG.
-
ExxonMobil provides $90M in seismic exploration in Egypt
The corporation aims to accelerate drilling endeavors upon the arrival of the drilling team in October.
-
Maridive Lands $17.8 Million Contract for Q3 2024 Petroleum Projects in Egypt
According to the announcement, project execution commences in the Q3 of 2024.
-
Egypt to initiate global tender to explore natural gas
This initiative aims to incorporate fresh wells into the production network within the next few months, as per the source.