Egypt Gas (EGAS) reported a 70.55% year-on-year (YoY) decrease in net profits after tax in 2024 to EGP 290.960 million from EGP 170.597 million.

Minister of Petroleum and Mineral Resources Karim Badawi has directed the Egyptian Natural Gas Holding Company (EGAS) to develop an urgent plan to accelerate the development of undeveloped gas discoveries.

ExxonMobil has taken part in EGYPES 2025, held from February 17th to 19th at the Egypt International Exhibition Center, emphasizing its commitment to Egypt's energy future.

Shell Egypt and its partners are set to begin drilling three new natural gas wells by the end of January as part of its development project for the 11th phase of the West Delta Deep Marine (WDDM) in the Mediterranean Sea.

The US oil giant Halliburton intends to increase investments in Egypt in light of the Ministry of Petroleum and Mineral Resources’ recent encouraging measures, new agreements, and incentive policies, the company’s President Eastern Hemisphere Shannon Slocum said.

The Egyptian Natural Gas Holding Company (EGAS) has agreed with Shell and bp to begin production from the Harmattan natural gas field in the Mediterranean Sea during the first quarter (Q1) of 2026, with initial investments estimated at $370 million.

The Egyptian Natural Gas Holding Company (EGAS) has signed an agreement with the American company New Fortress Energy to lease a second floating gasification unit in the local market.

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.

Minister of Petroleum and Mineral Resources Karim Badawi has discussed Chevron’s progress in its concession areas in Egypt and its plans to increase production with the company’s President of Chevron International Exploration and Production.

Minister of Petroleum and Mineral Resources Karim Badawi has reviewed Shell’s ongoing projects and future plans in Egypt in a meeting with the company’s Executive Vice President of LNG Cederic Cremers.

Minister of Petroleum and Mineral Resources Karim Badawi met with CEO of TotalEnergies Patrick Pouyanné to discuss the company’s current operations, investment plans, and future projects in oil and natural gas exploration and production.

The Egyptian Natural Gas Holding Company (EGAS) has decided to offer the Satis gas field in the northern Mediterranean for development to international oil companies, following bp’s withdrawal from the project.

The Egyptian Natural Gas Holding Company (EGAS) has signed 11 new agreements worth at least $925 million with international companies for natural gas exploration, research, and production during the fiscal year (FY) 2023/2024.

bp Plc is planning to accelerate exploration, production, and field development in Egypt's Mediterranean concession in the coming months, aiming to gradually increase output levels, according to a statement by the Ministry of Petroleum and Mineral Resources.

Egyptian Natural Gas Holding Company (EGAS) has concluded a study to raise the prices of natural gas supplied to factories in Egypt by 10% to 30%, with the exact percentage varying by industry and consumption.

The Egyptian Natural Gas Holding Company (EGAS) has launched an international natural gas exploration bid round in 12 blocks across the Mediterranean and the Nile Delta region, according to a statement by the Ministry of Petroleum and Mineral Resources.

ElSewedy University of Technology - Polytechnic of Egypt (SUT) has launched the Energy Engineering Technology Program in academic collaboration with ENI and EGAS.

The Egyptian Natural Gas Holding Company (EGAS) has received five shipments of around 155,000 cubic meters of liquified natural gas (LNG) on board two regasification ships at Sumed port in Ain Sokhna and Aqaba port.

The Egyptian cabinet has given initial approval for five petroleum commitment projects involving the Egyptian Natural Gas Holding Company (EGAS), the Egyptian General Petroleum Corporation (EGPC), and several international and national companies, with expected investments of about $200 million.

The Egyptian Natural Gas Holding Company (EGAS) has raised its stake in Misr Fertilizers Production Company (MOPCO) to 9.07% from 8.46%.