Oil & Gas News
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Egypt-Cyprus Talks Advance Plans for Cronos and Aphrodite Gas Fields
Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Cypriot Minister of Energy George Papanastasiou.
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New BP Wells Boost Gas Production in Egypt’s West Mediterranean Offshore
By boosting gas supplies to Egypt’s home market, Cairo can return its focus to developing an LNG export hub.
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Drilling rig for Zohr field to arrive in Egypt by end-January
Claudio Descalzi, CEO of the Italian energy company Eni, announced that the drilling rig for the Zohr gas field is expected to arrive in Egypt.
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Revival of Egyptian Anode Blocks Company Through MIH & BP Partnership
As part of the agreement, BP will invest $20 million in maintenance and achieving maximum production capacity.
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Petroleum Minister hands over Sisi’s invitation to Cypriot president to attend EGYPES
This came on Saturday 25/1/2025 during Christodoulides’ meeting with Badawy, who is on a current visit to Nicosia.
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Egypt oil and gas sector outlook 2025
The sector stands at a pivotal moment where strategic decisions will determine Egypt's role as a regional energy powerhouse in the coming years.
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Egypt Boosts Oil, Gas Production to 1.4 mmboe/d
Production rates have risen to 1.4 million barrels of oil equivalent per day (mmboe/d) through the drilling of 105 new wells.
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Eni to Resume Zohr Gas Field Operations by January 2025
Over the past six months, 105 new oil wells have been drilled, adding 64,000 barrels per day to production, Madbouly added.
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10 fascinating facts about Egypt and Eni’s $150M LNG terminal plans
With energy demand rising and domestic production declining, the project reflects Egypt’s evolving strategy to secure its energy future.
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ExxonMobil Strikes Natural Gas in Egypt’s Mediterranean Waters
Exxon announced its entry into the North Marakia block in 2019 and sold a 40% stake to QatarEnergy in 2022.
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Egypt, Italy's Eni discuss establishing $150 mln LNG import terminal in Damietta
Egypt and Italian energy company Eni are discussing establishing a new liquefied natural gas (LNG) import terminal in Damietta on the Mediterranean.
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Petroshahd Plans $31M in Investments in 2025/26
The plan aims to increase the company’s daily production rate, which currently stands at about 10,500 barrels per day (b/d) of crude oil.
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bp Adds 2 Wells to Production, Launches Exploration Operations at Elking Offshore Egypt
In July 2024, Minister of Petroleum and Mineral Resources Karim Badawi visited Volaris DS12 to oversee the drilling activities
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Egypt become regional hub for gas
He highlighted aspects of joint cooperation between the three countries in the domain of renewable energy, adding that several renewable energy.
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Egypt to pay US$1 billion in foreign oil companies dues
According to informed sources, the Egyptian government is heading towards paying one billion dollars in dues of foreign oil companies this January.
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A drilling ship is set to arrive in Egypt this month
Eni begins work to boost production from the giant Zohr offshore gas field, according to Egypt's petroleum ministry.
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Egypt denies delay in gas production from Zohr field
The Ministry of Petroleum and Mineral Resources denied Thursday the false news circulating regarding the delay in gas production from the Zohr.
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Compressed natural gas to power 1 million cars in Egypt
Egypt is embarking on an ambitious plan to convert over 1 million vehicles to run on compressed natural gas (CNG) in 2025, what does that mean?
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Madbouly Reviews Plans to Launch Natural Gas Vehicle Conversion Initiative
The meeting was attended by Minister of Petroleum and Mineral Resources, Karim Badawi, and Minister of Finance, Ahmed Kouchouk.
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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.