Oil & Gas News
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Egypt braces for second summer of power cuts as gas supplies dwindle
The cuts started as Egypt allocated more of its gas production for export to raise scarce dollars, importing polluting fuel oil to keep some power.
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U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy
Aside from its unique geopolitical significance, Egypt is uniquely positioned too in the global oil market.
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Egypt wants to increase oil production by 9 percent
The aim is to reach 637 thousand barrels per day, compared to the current 580 thousand barrels.
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TAG Oil commences flow back of BED4-T100 horizontal well
At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped.
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Shell and partners begin drilling three new offshore wells west of the Nile Delta
Shell and its partners developed the West Delta Deep Marine area in 300 phases.
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Egypt, BPGIC forge partnership for specialized petroleum-free zone
The agreement aims to establish a specialized free zone dedicated to petroleum production, as stated by the Cabinet.
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Petroleum Min.: Zohr Gas Field Produces 2 Bln m³ Daily
The government is working to dig gas wells that will achieve a new leap for the Egyptian economy.
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Egypt seeks to lease LNG terminal as it starts importing natural gas + issues a warning to importers on abandoned goods
The government has purchased at least two shipments of LNG, an Oil Ministry source told Enterprise.
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Egypt taking proactive steps for summer's electricity challenges
Egypt's Natural Gas Holdings Corporation has taken decisive action, securing liquefied natural gas (LNG) shipments to bolster energy reserves.
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Saudi, Egyptian conglomerate to explore for oil in Gulf of Suez
Egypt's Minister of Petroleum Tarek El-Molla witnessed on Tuesday the signing of two agreements for oil exploration and production in the Gulf of Suez
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Egypt, Ecuador mull cooperation in petroleum sector
The meeting also tackled the final preparations for the memorandum of understanding (MoU) set to be signed between them.
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Egypt’s state gas firm to invest $2.6bln in 2024-2025
State-owned Egyptian Natural Gas Holding Company (EGAS) is planning to invest nearly $2.26 billion in the 2024-2025 fiscal year.
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Egypt considers importing liquefied natural gas to avoid shortage during summer
They said the gas would be routed through an existing facility in Jordan, although Egypt is seeking to establish its own floating terminal.
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Saudi ADES Holding signs long-term agreement to invest $66M in Egyptian oil fields
This is part of a consortium leading local Exploration and Production (E&P) player to operate and enhance production in key oil brownfields in Egypt.
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Egypt starts repaying up to $1.5 bln in oil company arrears, sources say
Egypt began accumulating arrears to companies and contractors during a long-running foreign currency shortage.
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Egypt, Bahrain probe boosting cooperation in petroleum field
Zainal stressed the importance of working on fostering cooperation in new activities that reinforce integration between the two countries.
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Molla: Oil products market in Egypt promising, growing
The petroleum products marketing market in Egypt has many advantages with promising opportunities, growth, and development.
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Egypt Plans For Gas Shortage By Lining Up FSRU
Even during the current demand off-season, Egypt is close to slipping into a gas deficit despite continued imports of around 1bn cfd from Israel.
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Agiba Petroleum Company to pump $500M in Egypt during FY24/25
Agiba is aiming for a daily production rate of approximately 30,000 barrels of crude oil and 119 million cubic feet of natural gas during FY24/25.
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After many postponements, Fuel prices are up by EGP 1
In a move to address mounting economic pressures, Egypt has announced a hike in fuel prices by LE 1 across all gasoline types.