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.
News / Egypt
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.
Dana Gas Eyes Exploration Opportunities After Egyptian Deal, Despite Q1 Production Dip
The company has produced 18,150 barrels of oil equivalent per day (boe/d) during Q1 2024, divided into 88 million standard cubic feet (MMscf) of gas; 1,800 barrels per day (bbl/d) of condensate and 140 metric tons per day (mtpd) of liquified petroleum gas (LPG). This production is 25% lower than output in Q1 2023 as a result of natural field declines and absence of meaningful investments.
ERC Contributes c.90% to Qalaa’s Total Revenue in FY 2023
The Egyptian Refining Company (ERC) has contributed c.90% to Qalaa Holding’s total revenue during the financial year ending 31 December 2023 (FY 2023).
ADES Holding Secure Jackup Drilling Contract in Egypt
World-leading oil and gas drilling services provider, ADES Holding Company (ADES), has secured a Direct Award of Contract (DAC) from Suez Oil Company (SUCO) in Egypt. The 21-month jackup drilling contract for the Gulf of Suez is expected to begin in the coming weeks.
Mohamed Abdel Aziz Appointed New GASREG Chairman
Prime Minister Mostafa Madbouly has issued a decree to appoint Mohamed Abdel Aziz as Chairman of Egypt’s Gas Regulatory Authority (GASREG), given the endorsement of Minister of Petroleum and Mineral Resources Tarek El Molla, to succeed Karem Mahmoud, whose term as GASREG head ended in February 2024.
