News 24/24
Eni and PETRONAS have signed a binding agreement to create a new joint venture (JV) company, NewCo, which will combine their upstream operations in Indonesia and Malaysia. The agreement was signed on the sidelines of the ADIPEC energy conference by Eni CEO Claudio Descalzi and PETRONAS President and Group CEO Tengku Muhammad Taufik. The newly […]
The post Eni, PETRONAS Form Southeast Asia Upstream Venture, Targeting $15 Bn Investment first appeared on Egypt Oil & Gas.
Read moreKarim Badawi, Minister of Petroleum and Mineral Resources, met with Claudio Descalzi, CEO of Eni, during his participation in the ADIPEC Exhibition and Conference 2025 in Abu Dhabi to accelerate the company’s exploration and production plans in the Mediterranean. The Minister asserted the significance of the accelerated drilling program at the Zohr field to boost […]
The post Badawi Meets Eni, Chevron Leaders to Advance Gas Exploration at ADIPEC 2025 first appeared on Egypt Oil & Gas.
Read moreKarim Badawi, Minister of Petroleum and Mineral Resources, met with a delegation from the Africa Finance Corporation (AFC) to explore means to strengthen cooperation opportunities in the mining and petroleum sectors. The discussions focused on collaboration, aligning with the Ministry’s priorities to attract more investments into Egypt’s mining sector, particularly from emerging mining companies, and […]
The post Egypt, AFC Discuss Deepening Cooperation in Petroleum, Mining Sectors first appeared on Egypt Oil & Gas.
Read moreOn the sidelines of his participation in the World Energies Summit and the London Energy Forum in the UK ,Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of bilateral meetings with several international energy companies to unveil the investment and expansion opportunities in Egypt. The Minister met with Hongwei Ma, Oversea Exploration […]
The post Badawi Promotes oil and Gas investment opportunities at 2 London Events first appeared on Egypt Oil & Gas.
Read morePeru’s Energy and Mines Minister, Jorge Luis Montero, expects to sign a memorandum of understanding (MoU) with Saudi Arabia in November to collaborate on lithium and other critical mineral projects. The minister plans to travel to Saudi Arabia next month alongside Peru’s foreign minister to finalize broader economic agreements with Gulf nations as part of the country’s […]
The post Peru Targets Saudi, American, Ecuadorian Investments to Revive Energy Sector first appeared on Egypt Oil & Gas.
Read moreEni plans to inject a total of $8 billion into the Egyptian market over the next five years, in cooperation with its partners, according to Guido Brusco, Eni Chief Operating Officer Global Natural Resources. The investment will be directed toward developing existing fields and conducting further exploration. This came during a meeting with Prime Minister […]
The post Eni to Invest $8 Bn in Egypt’s Oil, Gas Sector Over Five Years first appeared on Egypt Oil & Gas.
Read moreThe global average decline rate of oil and gas fields’ production has accelerated sharply, driven by increased dependence on shale and deepwater resources, according to a report released by the International Energy Agency (IEA). This decline has forced companies to put in far greater effort to sustain current production levels. The report showed that onshore […]
The post Global Oil Production Decline Rate Speeds Up: IEA first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi took part in the opening of the Africa Down Under (ADU) Mining and Energy Conference in Perth, Australia. Running from 3 to 5 September, the event is the leading platform for trade and investment ties in the mining sector between Africa and Australia, and has been the […]
The post Badawi Highlights Egypt’s Mining Opportunities at ADU Conference first appeared on Egypt Oil & Gas.
Read moreGulf of Suez Petroleum Company (GUPCO) invested $452m in FY 2024/25, maintained production level at around 57,000 barrels per day (bbl/d) and completed the first phase of the North Safa field, Abdul Wahab El-Maghawry, the company’s Chairman, told its General Assembly headed by Minister of Petroleum and Mineral Resources Karim Badawi. El-Maghawry added that the […]
The post GUPCO Invests $452M in FY 2024/25 first appeared on Egypt Oil & Gas.
Read moreThe exploration activities in the North Lotus Deep-1 well in Western Desert yielded positive results and it will add about 1,835 barrels of crude oil per day (b/d) and 7 million cubic feet of natural gas daily (mcf/d), which is equivalent to 3,100 barrels of oil equivalent (boe), according to a press release by the […]
The post A New Agiba Western Desert Exploration Well to Add 3,100 (boe) first appeared on Egypt Oil & Gas.
Read moreThe government’s regular monthly payment of accumulated arrears for foreign partners would encourage them to return to produce at the previous high output levels, boosting Egypt’s natural gas supply by 2027, said Prime Minister Moustafa Madbouly, during the cabinet’s weekly meeting on Wednesday. The increased production capacity of the Zohr field is another factor Madbouly […]
The post Egypt’s Natural Gas Production to increase by 2027: Madbouly first appeared on Egypt Oil & Gas.
Read moreMohamed Radwan, Ganoub El Wadi Petroleum Holding Company’s (Ganope) Vice Chairman for Agreements and Exploration and Egypt Upstream Gateway’s (EUG) Project Manager at the Ministry of Petroleum, revealed that the gateway, now comprising 47 member companies, has attracted investments worth over $1.2 billion for the purpose of drilling 127 wells in 51 areas since its […]
The post EUG Attracts Over $1.2Bn in Investments Since Launched: Gateway Project Manager first appeared on Egypt Oil & Gas.
Read moreKarim Badawi, the Minister of Petroleum and Mineral Resources, met with a high-level Shell Global delegation to discuss the latest developments in Shell’s natural gas investments in Egypt, particularly in the West Delta Deep Marine (WDDM) concession area. The meeting followed up on the results of Phases 10 and 11 of the gas production project, […]
The post Badawi, Shell Review Gas Investments in Egypt first appeared on Egypt Oil & Gas.
Read moreThe African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This came during the opening of the 9th OPEC International Seminar held in Vienna where the Chamber emphasized the urgent need to restore upstream investment […]
The post AEC Calls for Lifting Restrictions on Financing Oil, Gas Projects in Africa first appeared on Egypt Oil & Gas.
Read morebp and its partners have signed a series of strategic agreements aimed at expanding their substantial oil and gas portfolio in Azerbaijan. The deals are set to drive future growth, boost production, and strengthen collaboration with the Azerbaijani government and state energy firm SOCAR. Announced during Baku Energy Week, the agreements include final investment decisions […]
The post bp Inks Agreements for Business Growth in Azerbaijan first appeared on Egypt Oil & Gas.
Read moreSignificant market demand was seen for the recently-closed bidding round for strategic exploration blocks spanning the Mediterranean Sea, Gulf of Suez, and Western Desert. Global and private-sector companies submitted multiple proposals for concessions such as Rahmat, under the Egyptian Natural Gas Holding Company (EGAS); North July, under the Egyptian General Petroleum Corporation (EGPC); and three […]
The post Egypt Attracts Global Interest in Latest Oil, Gas Bid Round first appeared on Egypt Oil & Gas.
Read moreSaad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated that its LNG project in the USA is set to start production by the end of 2025. He added that its North Field East Expansion Project in Qatar is set to start production by mid-2026. This was mentioned […]
The post QatarEnergy’s LNG Project in USA to Start Production by End of 2025 first appeared on Egypt Oil & Gas.
Read moreThe Board Directors of the Egyptian General Petroleum Corporation (EGPC) convened under the Chairmanship of the Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting focused on increasing investments in oil and gas exploration, development, and production. It also addressed occupational safety, environmental protection, securing proper financing to meet the local market’s demand, as […]
The post EGPC Board, Badawi Discuss Boosting Oil, Gas Investments first appeared on Egypt Oil & Gas.
Read moreThe Board Directors of the Egyptian General Petroleum Corporation (EGPC) convened under the Chairmanship of the Minister of Petroleum and Mineral Resources, Karim Badawi. The meeting focused on increasing investments in oil and gas exploration, development, and production. It also addressed occupational safety, environmental protection, securing proper financing to meet the local market’s demand, as […]
The post EGPC Board, Badawi Discuss Boosting Oil, Gas Investments first appeared on Egypt Oil & Gas.
Read moreThe Acting Head of Engineering and Development at the National Iranian Oil Company Reza Aqebati announced that they will allocate $41 billion of investment packages to develop 50 natural gas fields, among them 35 projects aimed to increase gas production capacity by 500 million cubic meters per day (mmcm/d). Aqebati said that in a specialized […]
The post Iran to Develop 50 Gas Fields to Increase Production by 500 MMCM/D first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi met with bP’s Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company’s business progress, investments plans in Egypt, and the development of its new two major discoveries in the Mediterranean region. Furthermore, Badawi discussed with […]
The post bp Shares Updates on New Mediterranean Region Discoveries first appeared on Egypt Oil & Gas.
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