Egypt plans to launch two new bids for oil and gas exploration in over 16 regions in the country’s south and the Red Sea by the end of 2023, according to media reports. Egypt extended the closing date for two previous bids to mid-July earlier this year, allowing more time for companies interested in exploring […]
Egypt
Posted inNews
Egypt, Jordan sign major gas infrastructure deal
Egypt has signed a comprehensive deal with Jordan that grants it access to the LNG floating storage regasification unit (FSRU) stationed at Sheikh Sabah port in Aqaba, according to a statement. The primary objective of the agreement is to maximise the resources of both countries with enhanced efficiency and reduced costs, the statement from Egypt’s […]
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ExxonMobil to expand upstream investments in Egypt
Chairman and Managing Director of ExxonMobil Egypt, Amr Abou Eita, said the supermajor plans to expand its upstream exploration in Egypt while growing Mobil service stations network across the country. Eita added: “Additionally, we are interested in evaluating low-carbon solutions opportunities. The recent relocation to a state-of-the-art new head office is a reflection of a […]
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UAE’s Masdar to build the world’s largest $10 billion wind farm in Egypt
Abu Dhabi Future Energy Co, also known as Masdar, along with Infinity Power, Africa’s largest renewable energy developer, and Hassan Allam Utilities, a sustainable infrastructure focused investment platform, signed an agreement with Egypt’s New and Renewable Energy Authority to secure land to build a 10-gigawatt (GW) capacity onshore wind farm in Egypt, set to be […]
Posted inNews, Upstream
UAE’s Dana Gas eyes $100 million investment to drill new wells in Egypt
Dana Gas, a prominent UAE-based company, is set to commence drilling operations on 11 new wells in Egypt this year with an investment of around $100 million, a senior company official has revealed. The investment is expected to contribute approximately 80 billion cubic feet of reserves and production, said Mohammed Mubaideen, the company’s head of […]
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ADNOC, ENOC in bidding race for Egypt’s Wataniya
UAE and Saudi based companies have reportedly expressed interest in acquiring substantial stakes, ranging from 20% to 25%, in two Egyptian state-owned enterprises. The Egyptian companies on offer are the National Company for the Sale and Distribution of Petroleum Products, known as “Wataniya,” and the National Company for Natural Water Bottling, known as “Safi.” Among […]
Posted inExploration & Production
Egypt set to launch three oil and gas project tenders
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 […]
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 […]
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COP 27: Kuwait pledges carbon neutrality in oil and gas by 2050
Foreign Minister Salem al-Sabah said carbon-neutrality is “a solid serious pledge” for the OPEC producer
Posted inEnergy Transition
COP 27: UAE to continue supplying oil and gas to the world
The UAE is a responsible energy supplier and will continue to play this role as long as the world needs oil and gas, its president said at the opening of the UN Climate Change Conference on Nov. 7. “The UAE is a known as a responsible supplier of energy and will continue to play this […]
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