Reports

Wintershall Dea Maintains Russian Ventures Despite Losses

SPECIAL MEDIA CALL AND Q1 2022 RESULTS: CEO MEHREN: "THE WAR MARKS A FUNDAMENTAL TURNING POINT FOR WINTERSHALL DEA"

Eni Moves to Replace Russian Gas with Expanded Supplies from Egypt, Algeria

Eni announced it is working closely with the state-owned Egyptian Natural Gas Holding Co. to increase gas production and liquefied natural gas (LNG) exports from the country, with a specific target of sending more cargoes to Italy.

EIA: Egypt Sits on 3.3 Billion Barrels of Proved Oil Reserves

According to the Oil & Gas Journal (OGJ) of the US Energy Information Administration (EIA), Egypt held proved oil reserves of 3.3 billion barrels as of January 2021.

Gulf States Eye Egypt Power Plant, Fuel Firm in Investment Surge

Saudi Arabia Public Investment Fund is exploring potential investments in Egypt worth $10 billion, Qatar is putting up $5 billion for deals in the most Arab populous nation, while Abu Dhabi wealth fund ADQ made a roughly $2 billion deal to buy Egyptian state-owned stakes in publicly-listed companies

Egyptian gas to alleviate European fear … “Eni” is the key

The Italian energy group Eni has pledged to ease Europe energy crisis by supplying an additional 14 trillion cubic feet of gas to world markets.

Oil falls on Ukraine talks, fears of slower demand in China

Oil prices slid to a two-week low on Tuesday on continued ceasefire talks between Russia and Ukraine and concerns about demand in China after a surge in COVID-19 cases

Egypt Anchorage Investments to issue tender for new $2bn petrochemicals project in Suez

Egypt Anchorage Investments will soon issue a tender to select the main contractor for a new $2 billion petrochemicals project in the Suez Canal Economic Zone

Transglobe Energy 2021 Oil Reserves, Expected Revenue Rose

The company said reserves largely increased due to amended commercial terms in Egypt, allowing it to merge, amend and extend its three existing Eastern Desert concessions, and technical work carried out in both Egypt and Canada