News / Egypt
EKH’s Gas Field Expansion Pays Off in Q1
The company reported strong financial performance in Q1 2024, with revenue of $193 million and a gross profit margin of 44%. This translated to a significant year-over-year increase of 4.3% in net profit, reaching $62.6 million.
SCZONE Chairman Forges Path for Green Energy Supply Chain with Dutch Partners
Chairman of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dein has signed a memorandum of understanding (MoU) with the Rotterdam Foundation.
Maridive & Oil Services’ Revenues Grow 82% YoY
Maridive & Oil Services has announced the financial results of the year ending on 31 December 2023, during the Board of Directors meeting held on 13 May.
Egypt Highlights Africa’s Energy Potential at WEIF 2024 in Bahrain
President of the General Federation of Egyptian Chambers of Commerce Ahmed El Wakil has stated that it is time for the African nations to focus on our intra-trade and joint investments, especially with its oil and gas resources, El Ahram Newspaper reported.
QatarEnergy Acquires 40% of ExxonMobil Stakes in 2 Offshore Blocks
QatarEnergy has announced signing a farm-in agreement with ExxonMobil to acquire 40% participating interest in two exploration blocks offshore Egypt.
Egypt, Jordan PMs Chair the 32nd Session of the Egyptian-Jordanian Joint Higher Committee
Egyptian Prime Minister Mostafa Madbouly and Jordanian Prime Minister Bisher Al-Khasawneh have chaired the work of the 32nd session of the Egyptian-Jordanian Joint Higher Committee.
Center of Excellence for Energy Transition, Carbon Limits Sign Energy Transition MoU
The Center of Excellence for Energy Transition, affiliated with the oil and gas sector, has signed a memorandum of understanding (MoU) with the Norwegian company Carbon Limits, which specializes in measuring and reducing methane emissions from the petroleum industry.
Shell Egypt Ignites Student Innovation with Shell Eco-Marathon Discovery Session
Shell Egypt has held a discovery session for Egyptian university students, acting as a springboard for student participation in the Shell Eco-Marathon (SEM) competition to be hosted in Qatar for the very first time in 2025.
