Oil & Gas News
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Egypt to launch tender for second LNG import terminal: Source
Egypt to buy a second LNG regasification floating unit to be able to import gas.
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BP to invest $12B in Egypt over five years
BP is committed to unlock Egypt’s oil and gas potential and gradually double its gas supply during this decade.
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Egypt to import LNG from Algeria
After Egypt's deal with Norway to construct regasification unit, it now makes deal with Algeria for LNG.
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NBAD, HSBC, NBE arrange $1.5 bln syndicated loan for state oil company
Each bank would arrange $500 million of the loan in order for Egypt to pay back foreign energy companies.
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Egypt pays back $2.5 billion deposit to Qatar: central bank official
The payment brings the amount Egypt has returned to Qatar to $6 billion, leaving $500 million outstanding.
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UAE's Dana Gas in talks with Egypt over revising gas prices
Cairo has begun negotiating with international energy firms including Italy's Eni and Germany's RWE DEA.
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Egypt in talks to import Cypriot natural gas
Gas can be piped directly to Egypt from the field off Cyprus' southern coast that is estimated to hold 3.6 trillion to 6 trillion cubic feet of the fossil fuel.
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Tamar gas group plans upgrade, including pipeline to Egypt
Tamar has been supplying Israel with natural gas since coming online last year.
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SacOil looks at Mozambique, Egypt
SacOil acquired the Lagia oil field on Egypt’s Sinai peninsula.
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Naftogaz's oil and gas business in Egypt more revenue stream than energy source
Ukraine’s state energy company Naftogaz is finally reaping the rewards of his overseas prospecting ventures.
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Egypt spent $3 bln on fuel subsidies in the first quarter
The government cut energy subsidies in July, raising fuel prices by up to 78 percent.
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BP Egypt, partners to invest $240 million in Egyptian blocks
BP holds 50% interest in the Denise-Karawan (Deka) natural gas development offshore the Nile Delta, which started production in August.
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.
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Egypt to repay debts to foreign oil firms within six months
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost three years of instability.
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Egypt's gas exports fall 81.4% in September
Natural gas exports continue to drop as more production is used to meet Egypt's rising electricity demands.
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Egypt & Energy: What's the plan?
It is no secret: Egypt is facing an energy-crisis - have a look at the most important numbers and possible solutions.
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Egypt's cement firms overcome gas shortages by importing coal
The government has targeted energy-intensive cement companies for cutoffs while its priority has been to preserve gas for power generation.
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BP to invest $240m in Egypt through 2 new exploration blocks
The two exploration blocks was awarded to BP as a result of the 2013 EGAS bid round.
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Kuwait to raise crude oil exports to Egypt, could send diesel
Saudi Arabia, Kuwait and the United Arab Emirates have together provided Egypt with billions of dollars in grants, loans and petroleum products.
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EGAS, Hoegh sign LNG agreement
Norwegian firm beats Malaysian, American and Dutch companies to win international tender.