Oil & Gas News
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Egypt to invest $748.5M in drilling 46 new oil and gas wells
These measures aim to cut gasoline use and deliver economic and environmental benefits.
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Egypt, global partners set to begin gas production from Harmattan field by 2026
Shell and BP to launch production from the Harmattan gas field by the first quarter of 2026, with initial investments at $370mln.
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Egypt to drill 46 new oil, gas wells with $748.5M investment
Minister of Petroleum and Mineral Resources, Karim Badawi, announced that 15 agreements are currently being negotiated.
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ExxonMobil to Drill Offshore in Egypt’s Western Mediterranean
ExxonMobil will begin drilling a new offshore gas exploration well in the North Marakia Offshore Concession, Western Mediterranean this month.
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Egypt to lease second LNG floating regasification unit starting 2H 2025
It looks like the LNG regasification unit docked in Jordan may soon be heading to Ain Sokhna.
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British Petroleum to begin production from new well in Egypt by Q1 2025
BP CEO Murray Auchincloss announced that BP plans to commence production from a new well in Egypt by the first quarter of 2025.
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Egypt, Jordan Enter New Agreement to Use Egyptian LNG Infrastructure
This collaboration aims to secure supplies and achieve mutual benefits by optimizing the use of existing infrastructure.
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BP's volume of investments in Egypt during 60 years reaches $30B
Auchincloss highlighted BP’s plans to begin production from several wells, with one expected to start operations in the first quarter of next year.
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Egypt launches company to build new SAF facility
A new company has been launched in Egypt to build a US$530M sustainable aviation fuel (SAF) facility, Egypt Oil & Gas reported.
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TotalEnergies Partners with Air Liquide for Renewable Hydrogen Production Unit
This new project complemented the Masshylia project to produce green hydrogen by electrolysis led by TotalEnergies in partnership with ENGIE.
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Egypt Reviewing LNG Import Needs
Gas-producing Egypt surprised markets this year with massive LNG tenders as a scorching summer spiked electricity consumption and local output decline
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Egypt Increased Gas, Oil Production in Q3 of 2024
Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international.
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Egypt in talks with foreign companies over long-term LNG purchases
Egypt is buying dozens of cargoes this year and abandoning plans to become a supplier to Europe amid a steep decline in domestic gas output.
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Egypt intends to convert vehicles to run on natural gas
He highlighted the cost efficiency of natural gas compared to traditional fuels, its environmental benefits, and its increased availability.
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Egypt’s petroleum sector sees growth with new projects & investments
Egypt has also unveiled new opportunities through its Digital Exploration Portal and partnered with global firms to reduce production costs.
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Arabian Drilling Secures 10-Year Contract Extension with Saudi Aramco
The contract will commence immediately upon the conclusion of the current contract in the fourth quarter of 2024.
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Egypt to receive 8 LNG shipments in November to meet domestic gas demand
To ensure supply stability during peak winter demand, additional LNG shipments may be received if needed.
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Egyptian Competition Authority approves Emirates ADQ acquisition
The Egyptian Competition Authority (ECA) announced on Sunday the approval of Emirates ADQ, acquiring stakes in three Egyptian oil companies.
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QatarEnergy acquires 23 percent interest in North El-Dabaa
Under the agreement, QatarEnergy will acquire a 23 percent interest, while Chevron, the operator, will retain a 40 percent interest.
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Italian Eni to drill two new gas wells in Zohr field
Italian Eni company will drill two new gas wells in the Zohr field, according to CEO Claudio Descalzi, as reported by Al Arabiya.