Egypt resumes drilling at Al Baraka oil field after 2022 halt
Egypt has resumed drilling operations at the Al Baraka oil field in Upper Egypt for the first time since 2022 as it…
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drilling
Egypt’s Ganope launches programme to revive Al Baraka oilfield production
Egypt's South Valley Egyptian Petroleum Holding Company (Ganope) has launched a programme to revive production at…
Egypt plans 101 oil and gas exploration wells in 2026 – minister
Egypt plans to drill 101 oil and gas exploration wells in 2026 as part of efforts to boost domestic production and…
Egypt settles $21.5mln in Dana Gas dues as firm expands drilling after major gas discovery
Egypt has settled all overdue payments owed to Dana Gas and continues to make full and timely payments, the company…
URGENT: Egypt clears $6.1bln oil, gas arrears – minister
Egypt has successfully settled all outstanding dues owed to oil and gas investment partners, bringing them down to…
Egypt’s Badr El-Din cuts drilling time by 10 days, saves $500k
Egypt’s Badr El Din Petroleum Company (BAPETCo) cuts drilling time by 10 days and saves $500,000 through advanced…
Egypt targets output boost through new drilling, investment reforms
Egypt’s Minister of Petroleum Karim Badawi held an extensive meeting on Wednesday with heads of oil and gas…
Egypt unveils new oil, gas discoveries adding 47 MMcfd, 4,300 b/d
Egypt's Ministry of Petroleum and Mineral Resources announced on Friday discoveries and wells by Khalda Petroleum,…
Egypt’s Delta North El-Basant–1 drilling operation successful, yields 10 MMcf/d
Egypt has successfully drilled the North El-Basant-1 exploratory well in the Delta, producing around 10 million…
Egypt’s Sisi reviews energy, mining strategy with Cabinet officials
President Abdel Fattah El-Sisi met on Saturday with Prime Minister Moustafa Madbouly and Petroleum Minister Karim…
QatarEnergy expands Egypt footprint with new offshore gas exploration partnership with Eni…
QatarEnergy has expanded its presence in Egypt’s energy sector through a new offshore exploration agreement with…
Egypt discusses expanding energy cooperation with Expro
Egypt’s petroleum minister Karim Badawy held talks on Tuesday with Hussein Elsisi, vice president of Expro…
EGAS inks $340m gas exploration deals with intl. firms
Egypt’s Egyptian Natural Gas Holding Company (EGAS) signed four new agreements with international energy firms to…
Turkey rejects Greek, EU claims drilling off Cyprus illegitimate
Turkey’s foreign ministry said on Wednesday it rejected statements by Greek and European Union officials that…
U.S. says deeply concerned by Turkey’s intent to drill off Cyprus
The United States is deeply concerned by Turkey’s announced intentions to begin offshore drilling operations in an…
Oil rises but posts weekly loss on stock build, trade tensions
Oil prices rose on Friday on signs of surging demand in China, the world's No. 2 oil consumer, although prices were…
Oil slips as US may grant some waivers on Iran crude sanctions
Oil prices fell on Monday after a U.S. government official said Washington was considering granting waivers to its…
Oil prices rise on reduced US drilling activity, booming job market
Oil markets climbed on Monday on the back of a drop in the number of U.S. rigs drilling for more production and as…
Egypt eyes 2018 global auction for oil and gas drilling in southern, Red Sea areas
Egypt is planning a 2018 global auction for petroleum and gas drilling in the country’s southern and Red Sea…
China shares hit 21-month high; Turkish lira takes a dive
Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service…
Oil up on expectation of Saudi production restraint, lower US rig count
Oil prices edged up on Monday, after a two percent slide on Friday, on expectations that Saudi Arabia would…
Oil markets firm on rising refinery demand, falling US rig count
Oil prices dipped early on Monday but remained near multi-month highs reached late last week as the count of U.S.…
US crude rises 44 cents, settling at $47.87, as US Gulf Coast braces for hurricane
Oil prices rose on Friday as the dollar fell and as U.S. petroleum industry braced for Hurricane Harvey, which…
Arab Contractors to complete drilling two car tunnels under Suez Canal soon
Egypt’s state-run construction firm Arab Contractors says it is near to complete drilling of 700 metres under the…
Oil prices hit 2-month high on tighter US market, Venezuela sanctions risk
Oil prices hit a two-month high on Monday, lifted by a tightening U.S. crude market and the threat of sanctions…
Oil prices recover some losses but market still under pressure
Oil prices recovered some losses on Monday after a three percent fall in the previous session, but markets remain…
Oil prices driven up by futures bets, but market remains bloated
Oil prices rose early on Monday as futures traders bet the market may have bottomed after a recent steep fall,…
SDX Energy finishes drilling campaign at SD-1X well in Egypt
North Africa focused oil and gas company SDX Energy Inc said on Friday drilling on the SD-1X on the South Disouq…
Oil prices fall on expected climb in US production
Oil prices fell in thin trade on Tuesday after the Easter holiday break shut many markets for as long as four days…
Oil prices firm on strong demand, political uncertainty in Syria
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another…
Oil drops as US drilling offsets talk of OPEC-led cut extension
Oil prices fell on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut…
Obama bans oil drilling ‘permanently’ in millions of acres of ocean
Outgoing US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of…
Eni-BP deal not to ‘harm’ drilling works at Zohr field: sources
The drilling works at Egypt's giant gas field Zohr would not be hurled by Italy's Eni deal with BP to sell 10…
Italy’s Eni finishes drilling Zhor-6, starts works at Zohr-7: Egypt’s Oil
Italian energy group Eni finished drilling the sixth filed in Egypt's Zohr gas field and started drilling Zohr-7…
Eni to start drilling 6th well in Egypt’s Zohr field with $4bn
Italian energy giant Eni is set to start drilling the sixth and last gas well in Egypt's Zohr field in the…
Eni, BP complete drilling of second well in South Baltim
The Italian company Eni and the British company BP have finished drilling two wells in the South Baltim field,…
Oil down 3 percent as U.S. drillers add rigs, strong dollar weighs
Oil prices settled down 3 percent on Friday after data showing the U.S. oil drilling rig count rising for a second…
Egypt to boost oil drilling rates by signing 10 new agreements
Egyptian petroleum sector is currently finishing a number of agreements to boost rates of oil and gas exploration…
Ganope- Egypt to issue international tender for oil, gas drilling Q1 2016
Egypt's state-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) is to issue international tender for oil and…
Drilling in Egypt’s supergiant Zohr gas find to start today
The Italian oil and gas company Eni is to start drilling works at Zohr gas field offshore Egypt today, Tarek el…