}

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EGAS, Arcius Energy ink $500M contract to develop Harmattan gas field

The Egyptian Natural Gas Holding Company (EGAS) and Arcius Energy signed an agreement valued at nearly $500 million to develop the Harmattan gas field in the Mediterranean.

Updated 4/2/2026 10:59:00 AM
bp to invest $1.5B in Egypt natural gas exploration in FY 2026/27

British company bp plans to inject new investments estimated at $1.5 billion in Egypt's natural gas exploration and development during fiscal year (FY) 2026/2027, Minister of Petroleum and Mineral Resources Karim Badawi announced.

Updated 3/29/2026 8:49:00 AM
Valaris DS-12 arrives in Egypt for 4-well drilling program with bp, Arcius

Drilling vessel Valaris DS-12 has arrived in Egyptian territorial waters as part of a program aimed at drilling four new wells for bp and Arcius Energy.

Updated 3/24/2026 5:32:00 AM