Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government Continue Reading
With pressure on the sector easing, a subsidiary of field services company Schlumberger said it secured a multi-million dollar contract for offshore Egypt. Schlumberger, which has headquarters in Houston, is Continue Reading
BP sanctions the development of the Atoll Phase One project in Egypt. BP announced Monday that, together with the Egyptian Natural Gas Holding Company (EGAS), it has sanctioned the development Continue Reading
British energy company BP said Monday it was putting a deepwater natural gas project in Egypt on the fast track to development. BP and its regional partner, the Egyptian Natural Continue Reading
A new natural gas discovery on the coast of Egypt’s Nile Delta has been made by Eni and British Petroleum (BP). The two companies own a 50-50 share of the Continue Reading
Natural Gas Exports Riding high on a series of major discoveries and what appears to be renewed investor interest in Egypt’s energy sector, the Oil Ministry is now targeting a Continue Reading
Israel and Egypt are close to a compromise that would sweep away a major obstacle to a multibillion-dollar natural gas deal. (Bloomberg) – Israel and Egypt are close to a Continue Reading
Italian energy company Eni said Wednesday it was able to boost its production at a gas field in Egypt within a year of making the initial discovery. Eni said production Continue Reading
Egypt offers a bright spot for natural gas development, a lone bright spot in an energy world undergoing harsh austerity. The friendly business environment in Egypt right now stems, in Continue Reading
Egypt and Gulf Arab crude producers have yet to let Saudi Arabia’s regional rival Iran resume oil shipments through a pipeline they operate to supply customers in Europe and the Continue Reading
