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Egypt News

Seatrium, Höegh Evi Agree LNG Tanker Conversion Job into FSRU Bound for Egypt

May 13, 2025

Singapore-based Seatrium has secured a Floating Storage Regasification Unit (FSRU) conversion contract from Höegh Evi, formerly known as Höegh LNG, for the liquefied natural gas (LNG) carrier Hoegh Gandria.The contract covers the conversion and longevity of LNG carrier鈥

ExxonMobil, Egypt鈥檚 EGAS Bolster Mediterranean Oil Exploration Efforts

Apr 29, 2025

Egyptian Natural Gas Holding Company (EGAS) and ExxonMobil have signed a memorandum of understanding (MoU) to strengthen the collaboration for Mediterranean Sea oil and gas exploration.The MoU was signed to establish the necessary foundations for developing the agreements system if ExxonMobil Egypt鈥

Chevron, Others Exit Egypt鈥檚 Red Sea Concessions After Making No Finds

Apr 21, 2025

A number of multinational oil and gas companies including Chevron have exited their Red Sea oil and gas concession blocks after making no finds and have channeled their resources elsewhere in the country, the Egyptian petroleum ministry said鈥

Egypt Eyes German FLNG Unit to Ramp Up Production

Mar 12, 2025

Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday.Egypt, the most populous Arab country, has been seeking鈥

Eni to Invest $26 Billion in North Africa

Apr 08, 2025

Italian energy group Eni will invest around 24 billion euros ($26.24 billion) in Algeria, Libya and Egypt over the next four years to help boost energy production, CEO Claudio Descalzi said on Tuesday.The investments would coincide with the鈥

ADES Signs Long-Term Deal for One of its Suspended 云顶赌场老虎机 Jack-Ups

Apr 08, 2025

Saudi oil and gas drilling contractor ADES Holding has signed a 10-year contract renewal for one of its standard offshore jack-up rigs, which was among the suspended rigs previously operating in the Kingdom of Saudi Arabia.The standard jack-up is currently fulfilling a medium-term contract in Egypt鈥

Egypt Launches Bidding Round for 云顶赌场老虎机 Oil and Gas Blocks

Mar 05, 2025

The Ministry of Petroleum and Mineral Resources of Egypt has opened a licensing round, offering seven offshore blocks in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert in an effort to attract further investments in the country鈥檚 oil and gas industry鈥

Energean Cancels $945M Deal with Carlyle Over Approval Delays

Mar 21, 2025

UK-based gas producer Energean on Friday it was terminating a deal with private equity fund Carlyle for the sale of some of its assets due to delays in obtaining regulatory approvals in Italy and Egypt.The two companies struck a $945 million鈥

BP Finds Gas in Final Well of West Nile Delta Drilling Campaign off Egypt

Mar 06, 2025

BP has completed drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria 云顶赌场老虎机 Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta.Drilled using the Valaris DS-12 drillship鈥

BP Trinidad and Tobago: Ginger Gets Green Light, Frangipani Delivers Gas Find

Mar 27, 2025

BP Trinidad and Tobago has taken the final investment decision (FID) for the Ginger gas development offshore Trinidad and Tobago, while marking the exploration success at its Frangipani well.Taking FID on Ginger and discovering gas at Frangipani鈥

Drilling Ops Restart at Zohr Gas Field 云顶赌场老虎机 Egypt

Feb 25, 2025

Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed in mid-February.Production had been curbed because of arrears owed to foreign oil companies.A drilling ship arrived鈥

Eni Agrees Gas Export 云顶赌场老虎机 Cyprus via Egypt鈥檚 Existing Infrastructure

Feb 17, 2025

Italian energy major Eni has signed an agreement with Egypt and Cyprus for the development and export of Cyprus Block 6 gas through Egypt鈥檚 existing infrastructure.The agreement outlines a comprehensive framework enabling a rapid development of the Cronos gas discovery offshore Cyprus鈥

Energean, Carlye Deal at Risk of Falling Through as Deadline Looms

Mar 17, 2025

A deal for Carlyle to buy assets from Energean for up to $945 million is at risk of collapse as some regulatory hurdles are yet to be cleared ahead of a deadline this week, Energean said on Monday.The two companies reached an agreement last鈥

ENI Drill Ship to Start Work Soon Off Egypt

Jan 03, 2025

A drill ship will arrive in Egypt this month as operator Eni starts work on increasing production from the giant Zohr offshore gas field, Egypt's petroleum ministry said in a statement.Egypt had planned to become a major gas exporter after Eni discovered the field in 2015鈥

Israel Issues 云顶赌场老虎机 Licenses to BP, Socar and NewMed for Gas Exploration

Mar 17, 2025

Israel awarded licences to BP, Azeri national oil firm Socar and local company NewMed Energy NWMDp.TA on Monday to explore for natural gas in Israeli waters as the country seeks to boost domestic gas reserves and expand exports.In 2023 the trio鈥

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