Tags Result

QatarEnergy acquires 40% stake in North Rafah Offshore exploration block in Egypt

QatarEnergy has acquired a 40% participating interest in Egypt’s North Rafah offshore exploration block through a farm-in agreement with Eni, which will remain the operator with a 60% stake.

Updated 10/28/2025 8:37:00 AM
Badawi, TotalEnergies review investment opportunities in oil sector

Minister of Petroleum and Mineral Resources Karim Badawi discussed TotalEnergies’ plans and new investment opportunities offered by Egypt Upstream Gateway (EUG)

Updated 9/22/2025 3:34:00 AM
EGPC signs 3 oil exploration agreements with upstream IOCs

Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of three new petroleum agreements between the Egyptian General Petroleum Corporation (EGPC) and several major international oil companies (IOCs).

Updated 9/15/2025 7:58:00 AM
Petroleum Minister approves EGPC FY2024/25 results

Minister of Petroleum and Mineral Resources Karim Badawi approved the results for the fiscal year (FY) 2024/2025 of Egyptian General Petroleum Corporation (EGPC).

Updated 9/14/2025 3:29:00 AM
EGAS signs $340M deals with 4 international companies to boost natural gas exploration

The Egyptian Natural Gas Holding Company (EGAS) signed four agreements to accelerate petroleum and natural gas exploration in the Mediterranean and Delta regions, with total investments of over $340 million.

Updated 8/31/2025 7:44:00 AM
North Lotus well adds 3,100 barrels of oil equivalent per day in Western Desert

The Ministry of Petroleum and Mineral Resources announced the successful drilling of the "North Lotus Deep-1" exploratory well, operated by Agiba Petroleum Company in partnership with Italy’s Eni, in Egypt’s Western Desert, as per a statement.

Updated 8/27/2025 3:33:00 AM
Egypt, China's UEG ink MoU to explore oil, gas investments

United Energy Group (UEG), a Chinese oil and gas exploration and production company, inked a memorandum of understanding (MoU) with Egypt’s Ministry of Petroleum and Mineral Resources.

Updated 7/30/2025 1:07:00 AM
Badawi discusses boosting oil, gas cooperation with Energean

Minister of Petroleum and Mineral Resources Karim Badawi explored ways to enhance cooperation in the oil and gas sector with Greek company Energeanز

Updated 7/29/2025 7:52:00 AM
Agiba Petroleum unlocks 4,100 BOE/day output from Arcadia-28

Agiba Petroleum Company successfully commissioned the Arcadia-28 well, resulting in a daily production rate of approximately 4,100 barrels of oil equivalent (BOE)

Updated 7/28/2025 9:28:00 AM
Madbouly reviews Shell’s activities, investment plans in Egypt

Prime Minister Mostafa Madbouly met with Executive Vice President of LNG at Shell Cederic Cremers and reviewed the company's activities and potential to expand investments in the Egyptian market

Updated 7/28/2025 3:54:00 AM
EGAS awards 6 natural gas exploration blocks worth $245M

The Egyptian Natural Gas Holding Company (EGAS) has awarded six new exploration blocks to a group of international companies, with expected investments totaling approximately $245 million.

Updated 6/25/2025 11:28:00 AM
Egypt unveils 3 oil, natural gas discoveries in Western Desert, Gulf of Suez

Khalda Petroleum Co (KPC), Balaeim Petroleum Co (PETROBEL), and Gulf of Suez Petroleum Co (GUPCO) achieved three new oil and natural gas discoveries in their concessions in the Western Desert and the Gulf of Suez.

Updated 5/13/2025 2:05:00 AM
Egypt, US probe boosting cooperation in energy field at PAS25

Minister of Petroleum and Mineral Resources Karim Badawi met with the US Secretary of Energy Chris Wright and discussed ways to enhance cooperation in the energy sector.

Updated 3/9/2025 7:32:00 AM
Petroleum Ministry offers 13 new bidding rounds in Mediterranean Sea, Gulf of Suez

The Ministry of Petroleum and Mineral Resources has offered new investment opportunities in seven undeveloped fields in the Mediterranean Sea and six exploratory areas in the Gulf of Suez and the Western Desert through the Egypt Exploration and Production Gateway (EUG).

Updated 3/3/2025 1:13:00 AM
Badawi reviews Apache’s plans to increase natural gas production in Western Desert

Karim Badawi, Minister of Petroleum and Mineral Resources has reviewed US-based energy firm Apache Corporation’s plans to drill new wells in the Western Desert

Updated 1/21/2025 10:28:00 AM
Osoco’s general assembly greenlights FY 2025/26 budget

Offshore Shukheir Oil Company’s (Osoco) general assembly meeting approved the proposed budget for the fiscal year (FY) 2025/2026

Updated 12/31/2024 3:52:00 PM
ExxonMobil to begin offshore gas drilling in Egypt’s Western Mediterranean in December

ExxonMobil is set to commence offshore gas drilling in the North Marakia concession in Egypt’s western Mediterranean on December 15th.

Updated 12/5/2024 3:03:00 AM
EGAS offers Salamat field development to international oil companies following bp's exit

The Egyptian Natural Gas Holding Company (EGAS) is offering the development of the Salamat natural gas field to international oil companies after reclaiming the field from global energy giant bp last year.

Updated 12/3/2024 12:20:00 PM
bp eyes further expansion in Egypt with new exploration plans

bp is planning to expand its operations in Egypt, focusing on new oil and natural gas explorations across six concessions.

Updated 12/2/2024 2:11:00 AM
Oil production from Ras Badran field increases to 7,500 barrels/day in 3 months

Minister of Petroleum and Mineral Resources Karim Badawi announced a significant achievement in the Ras Badran field.

Updated 11/28/2024 10:06:00 AM