Badawi Inspects Valaris DS-12 as bp,Arcius Launch Mediterranean Drilling Campaign

• Sunday, 29th March 2026
• by Sarah Samir

Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the Valaris DS-12 drilling vessel, which has recently entered Egypt's territorial waters to begin a five-well natural gas exploration program in the Mediterranean for both the British energy giant bp and ARCIUS Energy, the  Joint Venture (JV) between bp and the UAE ADNOC Group.

According to Badawi, the investment commitments by International Oil Companies(IOC) reflect their confidence in the Egyptian investment climate, following a set of strategic reforms, on top of which come the regular payments of dues to IOCs. Last week, Badawi said all the dues will be fully settled by June.

Egypt To Take Centre Stage in Regional Energy Dialogue at EGYPES 2026

• Saturday, 28th March 2026
• by Doaa Ashraf

The ninth edition of the Egypt International Energy Conference and Exhibition (EGYPES 2026) will commence on March 30, and run until April 1 under the patronage of President Abdel Fattah El-Sisi, bringing together global leaders to shape the future of energy at a time where geopolitical tensions, supply chain infrastructure vulnerabilities and shifting energy alliances are redefining energy security.
Considered the premier energy event in North Africa and the Mediterranean region, EGYPES aims to address this year the industry’s most pressing priorities, from regional stability and investment resilience to digital transformation, decarbonisation and the accelerating shift toward diversified, secure energy systems. 

Apache Makes New Natural Gas Discovery in Egypt

• Tuesday, 24th March 2026
• by Sarah Samir

US Apache, in collaboration with the Egyptian General Petroleum Corporation (EGPC), has made a new natural gas discovery in the Western Desert. This achievement follows the drilling of the SKAL-1X exploratory well in the South Kalabsha area.

This comes as part of the ongoing efforts to stimulate investment, boost domestic natural gas production, and reduce the import bill.

ARCIUS Energy, bp Start Offshore Gas Drilling in Mediterranean

• Tuesday, 24th March 2026
• by Doaa Ashraf

ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells.

Badawi: Egypt to Fully Settle IOC’s Dues by June 2026

• Saturday, 21st March 2026
• by Sherine Samir

Egypt is working to settle all its outstanding dues to international partners in the oil and gas sector by the end of June, according to Karim Badawi, Minister of Petroleum and Mineral Resources.

Badawi pointed out that the Ministry of Petroleum and Mineral Resources (MoPMR) has been working to gradually reduce the dues from about $6.1 billion on 30 June 2024 to $1.3 billion currently, with the necessary coordination in place to fully settle them by 30 June 2026.

This comes in implementation of President Abdel Fattah El-Sisi’s directives to accelerate the settlement of partners’ dues, thereby strengthening confidence and encouraging the investment needed to increase domestic oil and gas production, and consequently reduce the import bill, noted a MoPMR statement.

Renergy Group Plans $1 Bn Hyperscale Green Data Center in Sinai

• Wednesday, 18th March 2026
• by Sarah Samir

Renergy Group has expressed interest in setting up a $1 billion hyperscale green data center in the El Tor area, Sinai Governorate. The facility will be integrated into the group’s broader $17 billion hybrid renewables project, according to a statement by the Ministry of Investment and Foreign Trade.

This came during a meeting between Mohamed Farid Saleh, Minister of Investment and Foreign Trade and  Robert Falk, CEO of Renergy Group Consortium, to discuss developments in the hybrid renewables project. Combining green hydrogen, solar power, and energy storage batteries, as well as a hyperscale green data center, the project is  Egypt’s largest green energy plant.

PETROJET’s New Contracts Rise to EGP 121 Bn in FY 2025

• Wednesday, 18th March 2026
• by Doaa Ashraf

The Petroleum Projects and Technical Consultations Company (PETROJET) secured local and international contracts with a total value of EGP121 in Egypt and international markets in 2025, compared to  EGP 112 billion in 2024, Chairman Waleed Lotfy told the company’s general assembly meeting.

Lotfy said the company continued to strengthen its position as a global contractor for project execution despite global and regional challenges, geopolitical volatility, and exceptional conditions affecting the contracting industry.

ENPPI Secures $1.34 Bn in FY2025 Contracts

• Wednesday, 18th March 2026
• by Doaa Ashraf

The Engineering for the Petroleum and Process Industries Company (ENPPI) signed contracts worth $1.34 billion in 2025, with nearly 97% of these deals coming from overseas projects, said Chairman Khaled Ibrahim during the general assembly meeting convened to approve the company’s fiscal year (FY) results in 2025.

He explained that ENPPI carried out several major projects, including a pipeline project for ADNOC Onshore stretching nearly 500 kilometers, supporting the efficiency of the energy transportation system and enhancing operational safety.

One of the most significant contracts was in the United Arab Emirates (UAE) to execute a liquefied natural gas (LNG) treatment plant project for ADNOC.

Australian Murdoch University To launch training program for MRMIA Geologists

• Monday, 16th March 2026
• by Doaa Ashraf

The Ministry of Petroleum and Mineral Resources revealed on Monday the approval of an advanced training program in cooperation with Australia’s Murdoch University, aimed at enhancing the capabilities of geologists working at the Mineral Resources and Mining Industries Authority (MRMIA) and affiliated companies.

The launch of the program follows the outcomes of the visit by Karim Badawi, Minister of Petroleum and Mineral Resources, to Perth, Australia, in November. During the visit, a letter of intent (LoI) was signed with the university to develop the capabilities of geologists and leaders in Egypt’s mining sector and transfer advanced global expertise to the industry.

Vaalco Drills Four Eastern Desert wells in Q4 2025

• Sunday, 15th March 2026
• by Doaa Ashraf

Vaalco Energy, a US-based energy company, completed drilling four development wells in the Eastern Desert during the fourth quarter (Q4) of 2025. Three wells were completed during the quarter, with the fourth finished in January 2026. The drilling program included an exploration well in the H-Field in the Eastern Desert, opening a new development area with an initial flow rate of approximately 450 barrels of oil equivalent per day (boe/d).

The company also continued interventions, workovers, and optimization activities throughout the fourth quarter of 2025 to enhance production levels. Vaalco expects average production from its activities in Egypt to range between 10,300 and 11,400 boe/d in the first quarter (Q1) of 2026, according to a press release dated March 12.

"In 2025, we completed another year where we delivered consistent quarterly results that either met or exceeded our guidance. We repeatedly raised production and sales guidance in 2025 and continued to deliver on those increased ranges,” said George Maxwell, CEO of Vaalco Energy.