Egypt to settle $1.3b in oil, gas partner dues by June ’26 – ministry
Egypt plans to settle $1.3 billion in oil and gas partner dues by the end of June 2026, down from $6.1 billion in…
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energy investments
Modern Gas signs SAR 24m Saudi gas network deal
The Egyptian Natural Gas Company Modern Gas signed a SAR 24 million agreement with Talaat Moustafa Group to execute…
Oil prices steady on Monday
Oil prices were little changed on Monday as markets balanced the potential impact of upcoming U.S.–Iran nuclear…
Egypt’s Khalda Petroleum makes new gas discovery of 36 MMcf/d
Khalda Petroleum Company, which operates concessions in Egypt for Apache Corp, has made a new gas discovery in the…
EGAS signs seismic survey agreement with SLB–Viridien alliance
The Egyptian Natural Gas Holding Company (EGAS) signed an agreement with the SLB–Veridien alliance to conduct an…
Egypt, ExxonMobil sign deal to explore new offshore block west of Zohr
ExxonMobil on Tuesday signed a letter of intent with Egypt’s state-run EGAS to expand natural gas exploration in…
Egypt expands Oyoun Moussa power station to boost Sinai electricity network
Egypt has expanded the Oyoun Moussa electricity transformer station at a cost of 2.8 billion Egyptian pounds to…
Egypt’s AI-enabled Al-Qaher-II rig prepares to drill Eni’s new Mediterranean gas…
Egypt’s Petroleum and Mineral Resources Minister Karim Badawy inspected Al-Qaher-II offshore drilling rig in…
Egypt, Shell discuss expanding gas exploration, LNG cooperation
Egypt’s Minister of Petroleum and Mineral Resources Karim Badawy held talks with Dalia El Gabry, Chairperson of…
Egypt’s petroleum sector cuts $3.5 bln from import bill: minister
Egypt’s petroleum sector cut about $3.5 billion from the country’s import bill in the past fiscal year thanks to…