Egyptian Drilling Company wins first Kuwaiti contract with KOC
The Egyptian Drilling Company (EDC) secured a landmark contract in Kuwait to operate a 1,500-horsepower drilling…
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Oil and Gas sector
Egypt’s GPC reduces fuel use, emissions via power grid expansion
Egypt’s General Petroleum Company has completed several electricity interconnection projects in the Eastern Desert…
Egypt, Dana Gas report new well success in onshore Nile Delta
Egypt’s Ministry of Petroleum and Dana Gas announced Wednesday promising results from the appraisal well Begonia-2…
Egypt’s Labour Ministry offers 600 free training grants for youth
Egypt’s Ministry of Labour announced 600 free training grants for graduates at the Egyptian Drilling Company (EDC)…
Egypt’s petrochemical sector captures 19.3% of total credit portfolio by March…
Egypt’s petrochemical sector has significantly bolstered Egypt's economic growth, capturing 19.3 per cent of the…
New Zealand to lift ban on offshore petroleum exploration
New Zealand's government plans to introduce legislation removing the ban on offshore petroleum exploration, aiming…
European shares up, boosted by energy stocks
European shares saw a slight increase on Thursday, boosted by energy stocks, as the market heads into the long…
UAE’s ADNOC Drilling, Alpha Dhabi announce global alliance
ADNOC Drilling Company and Alpha Dhabi Holding declared on Tuesday the establishment of their strategic investment…
EGYPES 2024 kicks off on February 19 driving energy transition, security, decarbonisation
The anticipated Egypt Energy Show (EGYPES) 2024 is set to open its doors from 19–21 February 2024 in Cairo, as the…
Egypt sees $9mn oil, gas investments till FY2024-end: minister
Egypt’s Ministry of Petroleum raised its forecast for investments in the oil and gas sector from $8 billion to $9…
OPEC+ panel keeps oil output policy unchanged
The OPEC+ ministerial panel met on Friday and decided to keep its current oil production policies unchanged.
Emirati Dragon Oil to increase oil production in Egypt by 27%
Emirati Dragon Oil is set to increase its oil production in Egypt by 27 percent to 70,000 barrels a day in October,…
Shell to drill oil exploration wells in Egypt by September
Shell is set to start drilling new oil exploration wells in its new concession areas in Egypt’s Mediterranean sea…
Egypt approves 3 draft petroleum commitment deals
The Egyptian cabinet approved three draft petroleum commitment agreements with a total minimum drilling of 13…
Iraq finishes two thirds of Grand Faw Port
Iraq, the OPEC member, has completed around two thirds of the Grand Faw Port project, said Iraq’s Transport…
Kuwait starts operation of Al-Zour refinery
Kuwait, OPEC member, started full operation of Al-Zour oil refinery by commissioning its third and last…