Egypt

Egypt's Cabinet approves draft laws on 5 petroleum commitment deals in Western Desert

The first deal will be signed between EGPC, Khalda Petroleum Company (Apache), and Tharwa Petroleum Co to explore and develop oil in Siwa at Western Desert

TAG Oil Targets Egypt's Largest Frack, Eyeing Significant

TAG Oil embarks on Egypt largest fracking operation in the Badr Oil Field, signaling a strategic shift in the global oil landscape with over 500 million barrels at stake.

Ganope Advances Exploration Efforts in Red Sea, Eyes $150 Million Investment in Q1 2024

Ashraf Bahaa, Chairman of the South Valley Egyptian Petroleum Holding Company (Ganope), has announced the commencement of the company second phase in gathering 3D seismic survey data in the Red Sea.

Shelf Drilling Clinches $51M Extension for Rig 141 in Gulf of Suez

Shelf Drilling, a leading entity in offshore rig operations, has recently announced a significant contract extension for its Rig 141, operating in the strategic Gulf of Suez, offshore Egypt.

El-Mulla: Natural gas plays key role in achieving SDGs

Minister of Petroleum and Mineral Resources Tarek el Moulla said natural gas plays an important role as a clean energy source in achieving the United Nations sustainable development goals (SDGs) and meeting the growing global needs of energy.

Egypt signs 7 green hydrogen deals worth a potential $40bn

Over $40 billion of green hydrogen and renewable energy investments could be on the way to Suez Canal Economic Zone after a host of new agreements.

BP to inject $1.5bln for Egypt development, exploration activities

Global oil major BP said it plans to inject up to $1.5 billion in exploration activities in Egypt within the next years, with the potential of pumping further investments worth nearly $5 billion.

EGPC, Dragon Oil Ink Commercial Agreement

The Egyptian General Petroleum Corporation (EGPC) and Dragon Oil inked a deal to commercialize production from the North Safa and Alwasl fields in the Gulf of Suez.