TotalEnergies and Egyptian Natural Gas Holding Company have signed a memorandum of understanding (MoU) covering offshore exploration cooperation in northwestern Egypt as the companies continue evaluating deep offshore resource potential in the region.
Egypt agreed to buy the entire output of the Aphrodite gas deposit in Cyprus when the field starts up in about six years, as the North African country looks to ensure long-term supply to meet growing demand.
The Ministry of Petroleum and Mineral Resources of Egypt said that several oil and gas companies operating in Egypt have drilled several wells in their concession areas in the Western Desert, Eastern Desert and the Nile Delta, including five new exploratory wells. In a statement, the ministry said the new wells are expected to add […]
Egypt has announced discoveries at four exploration wells in the Western Desert as the North African country looks to boost oil and gas production and cut dependence on imports.
Egypt’s multibillion-dollar natural gas deal with Israel is “purely commercial” and has no bearing on its support for Palestinian rights, a government spokesman has said.
Israel is expected to approve its $35 billion gas export with Egypt, worth an estimated $35 billion, amid pressure from the Trump administration. Under the deal, Israel will export 130 billion cubic meters of natural gas from the Leviathan gas field to Egypt with partners Chevron Corp. (NYSE:CVX), NewMed Energy (OTCPK:DKDRF)(TASE: NWMD) and Ratio Petroleum Energy (TASE: RTPT) guaranteeing a set price for […]
A new gas discovery in Egypt’s Western Desert has added another timely boost to the country’s strained upstream portfolio. The well, identified as Gomana-1, encountered several gas-bearing intervals based on electric-log data, with early tests indicating output of around 36 million cubic feet per day, according to the Daily News Egypt. The find is now undergoing […]
North Rafah spans nearly 3,000 square kilometers (1,158.31 square miles) in the Mediterranean Sea off the northeastern coast of Egypt, QatarEnergy noted. The block has a water depth of up to 450 meters (1,476.38 feet), it said.
State-owned Egyptian General Petroleum Corp. plans to buy more than a million tons of diesel, gasoline and butane gas for delivery in November, up 60 percent from the same period last year, according to people familiar with the matter, who asked not to be identified as they’re not authorized to speak to the media. Egypt’s energy ministry didn’t respond to a request for comment.
The report cited an announcement by Egypt’s Ministry of Petroleum and marks an expansion of the company’s activities into North Africa’s upstream sector.