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Rashpetco, Burullus Gas to boost daily natural gas output to 320M cubic feet in FY2024/25

Rashid Petroleum Company (Rashpetco) and Burullus Gas Company plan to increase the daily production capacity of natural gas to 320 million cubic feet in fiscal year (FY) 2024/2025.

Updated 3/24/2025 11:15:00 AM
Badawi, AngloGold Ashanti review investment plans in Egypt's mining sector

Minister of Petroleum and Mineral Resources Karim Badawi met with a delegation from global gold mining company AngloGold Ashanti to discuss investments in the Sukari gold mine

Updated 3/20/2025 10:32:00 AM
SUMED unveils $400M capital hike

The Arab Petroleum Pipelines Company (SUMED) increased its paid-in capital by $400 million to reach $600 million

Updated 3/18/2025 11:16:00 AM
El-Sisi reviews oil, gas exploration activities with Madbouly, Badawi

President Abdel Fattah El-Sisi discussed, with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi, oil and gas exploration activities and new discoveries, particularly in the Fayoum5 field, located in the King Mariout area.

Updated 3/17/2025 8:28:00 AM
bp to supply Egypt with 160M cubic feet of natural gas daily in H2 2025

bp plans to boost Egypt’s natural gas production by 160 million cubic feet per day from two wells in the King Mariout and Fayoum deepwater concessions in the Mediterranean Sea during the second half of 2025.

Updated 3/13/2025 11:32:00 AM
Egypt, Harbour Energy discuss expanding gas exploration, production

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Linda Cook CEO of British company Harbour Energy, on the sidelines of the 2025 CERAWeek Global Energy Conference in Houston, to discuss strengthening cooperation in research and exploration and reviewing plans to boost natural gas production from the company's concession areas in Egypt.

Updated 3/12/2025 10:42:00 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
Badawi, Shell’s Cremers discuss development of Aphrodite gas field

Minister of Petroleum and Mineral Resources Karim Badawi and President of Integrated Gas at Shell Plc Cederic Cremers discussed regional integration plans to develop Cyprus's Aphrodite gas field.

Updated 3/5/2025 8:13:00 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
Egypt attracts over $700M in petroleum investments through exploration bids

Bid rounds for 13 oil and gas exploration and production areas across different geological basins have been concluded, drawing expected investments exceeding $700 million.

Updated 2/26/2025 10:59:00 AM
Zohr gas field development underway as Saipem 10000 begins drilling

Minister of Petroleum and Mineral Resources Karim Badawi announced the resumption of development work at the Zohr gas field following the arrival of the Saipem 10000 drilling ship in Egyptian waters at the end of January.

Updated 2/25/2025 9:35:00 AM
Methanex Egypt, Petroleum Ministry strengthen partnership with new PSM MoU

Methanex Egypt signed a memorandum of understanding (MoU) with the Ministry of Petroleum and Mineral Resources to build on their partnership that started in 2018 to foster a solid base for process safety management (PSM) within Egypt’s oil, gas, and petrochemical sector.

Updated 2/20/2025 1:51:00 PM
Town Gas signs cooperation protocol with Siemens to advance energy solutions

The Egyptian Company for Natural Gas Distribution to Cities (Town Gas) has signed a cooperation protocol with Siemens to enhance energy solutions in Egypt.

Updated 2/20/2025 12:54:00 PM
EMC partners with Energy China in renewable energy, digital transformation

Egypt Maintenance Company (EMC) has inked a memorandum of understanding (MoU) with Energy China to collaborate on solar energy projects, digital transformation, and water desalination using innovative technologies.

Updated 2/20/2025 12:18:00 PM
PMS pens MoU with ABL Group to support energy transformation, emissions reduction

Petroleum Marine Services (PMS) has signed a memorandum of understanding (MoU) with ABL Group to advance energy transformation, reduce carbon emissions, and enhance sustainability.

Updated 2/20/2025 12:14:00 PM
Petroleum Ministry teams up with Anton Oilfield to utilize flare gases, expand renewable energy

The Ministry of Petroleum and Mineral Resources has inked a memorandum of understanding (MoU) with China's Anton Oilfield Services Group to cooperate on utilizing flare gases and expanding renewable energy generation in the petroleum sector.

Updated 2/20/2025 10:12:00 AM
Petroleum Ministry, Huawei sign MoU on renewable energy cooperation

The Ministry of Petroleum and Mineral Resources signed a memorandum of understanding (MoU) with Huawei Egypt to collaborate on solar energy projects and renewable energy networks.

Updated 2/20/2025 10:06:00 AM
China's North Petroleum allocates $100M for Egypt oil, gas concessions

China's North Petroleum has set aside $100 million to acquire new concession contracts or establish partnerships for oil and gas exploration in Egypt's Western Desert and offshore areas.

Updated 2/20/2025 2:51:00 AM
PMS inks MoU with AVEVA UK, MEEG to enhance digital solutions, training

Petroleum Marine Services Co. (PMS) has signed a tripartite memorandum of understanding (MoU) with the UK's AVEVA and Mico Engineering Egypt (MEEG) to enhance its partnerships with global companies and contractors.

Updated 2/19/2025 12:17:00 PM
Egypt, Yemen explore investment opportunities in petroleum, mining

Egyptian Minister of Petroleum Karim Badawi and Yemen’s Minister of Oil and Minerals Saeed Suleiman Al-Shamasi reviewed investment opportunities in the fields of petroleum and mining.

Updated 2/19/2025 10:56:00 AM