Egypt will announce three tenders this year for oil and gas exploration and production projects, the country’s Petroleum and Mineral Resources Minister Tarek El Molla said at the opening ceremony for the Egypt Petroleum Show on Sunday. “Egypt plans to hold three international tenders in 2023 for oil and gas exploration and production,” the Nile […]
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Posted inExploration & Production
Eni announces ‘significant’ discovery offshore Egypt
Eni announced today a significant new gas discovery at the Nargis-1 exploration well in the Eastern Mediterranean Sea offshore Egypt. The discovery can be developed leveraging the proximity to Eni’s existing facilities, the Italian major said in a press release. Nargis-1 confirms the validity of Eni’s focus on Egypt Offshore, which the company will further […]
Posted inExploration & Production
Egypt announces $2.1 billion investment in oil and gas exploration
Egypt has announced a total investment of $2.1 billion in oil and natural gas exploration plans until 2025, Minister of Petroleum and Mineral Resources Tarek El-Molla said in a meeting recently. The investments were announced for the Mediterranean Sea in partnership with major international companies, El-Molla noted. Based on the preliminary findings, the new explorations […]
Posted inNews
Egypt’s $5.5 billion project to create over 10,000 construction jobs
Egypt granted a license on Wednesday to build a green ammonia project in Ain Sokhna industrial zone, with an annual production capacity of 1 million tons. The project, by Egypt’s Green Ammonia Co, will cost around $5.5 billion and offer around 10600 jobs during the construction and operation phases, the government noted in a statement. […]
Posted inNews
bp wins new exploration blocks in Egypt’s offshore Nile Delta
bp has been awarded two exploration blocks offshore Egypt by the Egyptian Natural Gas Holding Co, bp said in a press release. The northwest Abu Qir offshore area – in which bp holds 82.75% and Wintershall-Dea holds 17.25% – covers an area of approximately 1038 square kilometres with water depths ranging between 600 metres and […]
Posted inEnergy Transition, News
Egypt’s Al-Sisi, Maersk CEO discuss $15 billion green fuel project
The project will create over 100,000 job opportunities across various disciplines
Posted inExploration & Production
Bechtel-led coalition wins FEED contract for Egypt’s Idku Energy Hub
This project is part of a wider program aiming to decarbonise existing oil and gas facilities across Egypt
Posted inEnergy Transition
Eni targets 10-GW solar, wind projects in Egypt
Italian oil major Eni has announced plans to carry out several solar and wind power projects with a capacity totaling 10GW in Egypt over the upcoming years, according to a press release published August 30. During a recent meeting, Egyptian President Abdel Fattah El-Sisi and Eni CEO Claudio Descalzi discussed Egypt’s vision to become a […]
Posted inExploration & Production
Egypt’s Zohr gas field records major investment, output boost
Current production from the gas field jumped to 2.7 Bcm/d
Posted inEnergy Transition
Emirati companies consider investment in Egyptian clean energy projects
Ahead of COP27, Egypt has listed sustainable energy as top priority