All the requirements needed for the start of Israeli gas exports to Egypt are not yet in place, an Israeli energy ministry source said, with first flows now not expected Continue Reading
The discovery of the giant gas field Tamar of the coast of Israel in 2009 was the beginning of a new period for the Eastern Mediterranean as an energy hot Continue Reading
Egypt’s oil and gas future looks very bright. The large scale concessions awarded during the EGYPS 2019 conference in Cairo, 11-13 February, shows the appetite of IOCs, such as Shell, Continue Reading
Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest-ever oil and gas exploration tenders on Tuesday, as the country looks to sustain Continue Reading
Egypt plans to upgrade six oil refineries at a cost of about $9 billion over four years to increase domestic production to 41 million tonnes a year, the petroleum minister Continue Reading
Thanks to a huge natural gas discovery off its coasts, Egypt has just become self-sufficient in this key energy source, welcoming what it hopes to be its last liquefied natural Continue Reading
Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia’s Petronas worth around $1 billion for 8 wells in the country’s West Nile Delta, Continue Reading
The huge Zohr gas field offshore Egypt has increased its production six-fold since it started production in January this year, Egypt’s Petroleum Minister Tarek el-Molla said on Thursday. Production at Continue Reading
Union Fenosa Gas, a joint venture of Spain’s Naturgy and Italy’s Eni, operates the Damietta liquefied natural gas (LNG) plant in Egypt. The company took the country to court in Continue Reading
As a result, Royal Dutch Shell PLC, BP PLC and Eni SpA have invested billions of dollars in Egypt in recent years, including the Mediterranean Sea’s biggest natural-gas field off Continue Reading
The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining Continue Reading
From an exploration license offshore to a contract extension near the Western Desert, Italian energy company Eni said it’s strengthening its position in Egypt. The company stated Tuesday that its Continue Reading
An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become Continue Reading
An Egyptian company plans to start importing gas from Israel for re-export in the first quarter of 2019, sources in the country’s energy sector said on Sunday, under agreements signed Continue Reading
Africa-focused SDX Energy said Monday it achieved success at an emerging natural gas reservoir that could be in production by the fourth quarter. The company in June announced the discovery Continue Reading
A new oil discovery in the Western Desert of Egypt could unlock a new area for productivity gains in the country, Italian energy company Eni said Monday. Eni said it Continue Reading
The World Bank supports Egypt’s efforts to be a regional oil and gas trading hub, as several new gas projects started up recently in the Mediterranean country, the Egyptian Ministry Continue Reading
Saudi Aramco, the world’s largest oil producer, agreed to supply Egyptian refineries with crude oil for another six months from July, Egypt’s Petroleum Minister Tarek El Molla said on Tuesday. Continue Reading
New natural gas production should come from Egypt by the end of the year, SDX Energy said after announcing a new gas discovery on Monday. The company said it found Continue Reading
Egypt raised gasoline prices by up to 50 percent, the oil ministry said on Saturday, under an IMF reform plan that calls for the slashing of state subsidies on some Continue Reading
Results from a drilling operation announced Thursday in the Gulf of Suez could dictate the next steps for oil exploitation, regionally-focused SDX Energy said. SDX announced the start of an Continue Reading
Natural gas production from the largest field ever discovered off the coast of Egypt is on pace for a 9 percent increase in output, Italy’s Eni said Thursday. Eni said Continue Reading
Egypt’s oil and gas future has been looking bleak for years, as the impact of the Arab Spring, the emergence of a Muslim Brotherhood government and a military coup by Continue Reading
In February, Noble Energy and its partners reached an agreement with the Egyptian company Dolphinus Holdings to sell gas from offshore Israel to Egypt, a deal that could jumpstart a Continue Reading
British Petroleum has begun to sell off its mature oil fields in Egypt to shift its focus to developing the country’s large natural gas reserves, according to a new report Continue Reading
Investors in Israel’s natural-gas fields agreed to supply an Egyptian company with gas valued at $15 billion, a deal that will build on growing ties between once-hostile neighbors that now Continue Reading
The world’s longest river, a lifeline for hundreds of millions of people, is also fast becoming a fault line. Ethiopia’s ambitious $4.2 billion hydroelectric dam project on the Nile River’s Continue Reading
Egypt is set to inaugurate a new wharf for natural gas and petroleum product tankers on the Gulf of Suez in the coming days, another step in its plan to Continue Reading
Two and a half years ago, analysts asked when Italy’s Eni would be able to start producing gas from the giant Zohr field offshore Egypt. The overwhelming majority said this Continue Reading
The quick turnaround from discovery to production hasn’t gone unnoticed in the industry. It represents a seismic shift for Big Oil. The fact even senior managers privately described the plan Continue Reading
The Egyptian energy sector will be transformed now that production started at the Zohr gas field, one of the biggest in the world, Italy’s Eni said Wednesday. Production started at Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Eni SpA announces the production start up of Zohr, the largest ever discovery of gas in the Mediterranean Sea. Eni SpA announced Wednesday the production start up of Zohr, the Continue Reading
Exxon Mobil ( XOM.N ) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry Continue Reading
Egypt clarified that option to import Israeli gas still open Previous arbitration ruling remains an obstacle to deals A natural gas production platform west of the Ashkelon shore in Israel. Continue Reading
Russia’s oil giant Rosneft has closed the deal to buy from Italy’s Eni a 30-percent stake in the offshore concession in Egypt where the giant Zohr gas field is located, Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
State oil company Pemex’s effort to secure a partner for two shallow-water fields in the Gulf of Mexico fell flat as none of the registered companies presented bids. Cheiron, part Continue Reading
A contract to provide services for the giant Zohr natural gas field off the Egyptian coast is a win-win for its economy and our business, Baker Hughes said. Drilling services Continue Reading
Baker Hughes, a GE company, announced September 9, 2017 a major subsea contract from Petrobel for phase two of the “supergiant” Zohr Gas Field situated in the Mediterranean Sea, off Continue Reading
This week Egypt signed three major exploration deals with oil giants Royal Dutch Shell and Apex worth at least $81.4 million. The hefty international contracts will kickstart a large-scale oil Continue Reading
Three recently discovered major gas fields are expected to raise Egypt’s natural gas output by 50 percent in 2018 and 100 percent in 2020, the petroleum ministry said. “The fields Continue Reading
At least 23 Egyptian soldiers were killed when two suicide car bombs tore through military checkpoints in North Sinai province on Friday, security sources said, in one of the bloodiest Continue Reading
Libyan forces in the country’s east say they have cleared the final remaining pockets of the city of Benghazi of Islamist militiamen and armed opponents. The head of the self-styled Continue Reading
Russian energy company Rosneft is expected to start exporting natural gas from an Egyptian field considered to be among the world’s largest. Eni made its initial gas discovery in the Continue Reading
Egypt expects to cut the $3.5 billion euros it owes to international oil companies by around half in coming weeks, the Egyptian oil minister said on Wednesday. “We have made Continue Reading
Saudi oil shipments to Egypt have resumed after several months of political crisis between Cairo and Riyadh. Egyptian oil ministry sources stated on 19 March that the first two oil Continue Reading
The opening of three major power plants in March was the latest in Egypt’s efforts to end its electricity shortage crisis. “Huge work is being done in this country to Continue Reading
Saudi Arabian state oil company Aramco will resume oil product shipments to Egypt some six months after halting them suddenly, the Egyptian Petroleum Ministry said on Wednesday, signaling a potential Continue Reading
Since 2011, political instability and regional insecurity have plagued Egypt’s economy, and the energy sector has not been spared. Until recently a net gas exporter, Egypt turned into a net Continue Reading
