Egypt has signed deals worth about $3 billion with Shell and TotalEnergies to secure 60 cargoes of liquefied natural gas (LNG) to cover demand for 2025, three trading sources told Reuters.The most populous Arab country last year returned to being a net importer of natural gas…
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…
BP and XRG, ADNOC’s international energy investment company, have established new regional gas platform, Arcius Energy, to initially focus on development of gas assets in Egypt.Announced in February 2024, Arcius Energy is 51% owned by BP and 49% by XRG…
Egypt's president met with Eni CEO on Monday to discuss moves aimed at supporting gas production, the Italian energy group said after the African country was forced to turn to the liquefied natural gas (LNG) market to cover domestic demand.The…
A rig is due to arrive at Egypt's Zohr gas field in December to restart drilling work, with the aim of producing 220 million cubic feet per day from two wells, Petroleum Minister Karim Badawi told a press conference on Wednesday.Egypt plans to increase oil and gas exploration works in 2025…
Egypt plans to return oil and gas production to normal levels from 2025 with the help of international partners, Prime Minister Mostafa Madbouly said in a press conference on Thursday.The North African country had aimed to become a regional…
BP and Abu Dhabi National Oil Company (ADNOC) have made an agreement to form a new joint venture (JV) that will focus initially on development of gas interests in Egypt.The JV (51% BP and 49% ADNOC) will combine the pair’s deep technical capabilities…
Algeria, Egypt, and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects…
Egypt's natural gas production fell to a three-year low in the first five months of 2023, figures from the Joint Organisations Data Initiative (JODI) show, raising questions about the country's efforts to position itself as a regional energy hub…
Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production. Total investment in the offshore gas field has reached $12 billion and is expected to hit $15 billion in three years…
Italian energy group Eni and U.S. energy major Chevron said on Sunday they had made a new gas discovery in an Egyptian offshore field in the Eastern Mediterranean sea.The Nargis-1 well is part of Egypt's 1,800-sq. km Nargis Offshore Area concession operated by Chevron…
Italian energy industry services company Saipem has secured offshore oil and gas field construction contracts in Guyana and Egypt worth about $1.2 billion in total.In Guyana, the U.S. oil major ExxonMobil has hired Saipem to support its Uaru offshore oil field development project…
Libya has agreed with Eni and BP to begin extracting natural gas from a Mediterranean gas field believed to be bigger than Egypt's huge Zohr field, the head of the National Oil Company (NOC) told Skynews Arabia on Monday. Eni will also invest…
Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet…
Offshore installation firm Havfram has won a contract for subsea umbilicals, risers, and flowlines support work in Egypt for Saipem. The contract will see Havfram deploy a laying and construction vessel offshore Egypt to the Zohr field, the largest gas field in the Mediterranean Sea…
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