Maridive Sets Up Fully Owned Marine Services Firm in UAE

• Monday, 17th November 2025
• by Doaa Ashraf

The Ordinary General Assembly of Maridive Oil Services has approved the formation of an AED 1 million wholly owned limited liability company in the UAE. The new company will provide a wide range of marine-related activities, including, maintenance, installations, construction, and salvage operations both underwater and above water. It will also provide industrial services for onshore and offshore facilities such as cleaning, maintenance, construction, transportation, supply, and provisioning of equipment and spare parts.

NDC Profit Rises by 11.85 % in 9m 2025

• Monday, 17th November 2025
• by Doaa Ashraf

National Drilling Company (NDC), an Egyptian oil and natural gas services provider, recorded a net profit of $6.61 million for the nine months ending on  September 30, 2025, marking an 11.85 % increase from the level recorded in the same period of 2024, according to figures released to the Egyptian Stock Exchange (EGX).

The company also saw its net profit for the first half of the year ending in June 2025 reaching  $3.699 million, up from $3.185 million in the previous year.

Khalda Makes New Gas Find in Western Desert

• Monday, 17th November 2025
• by Doaa Ashraf

Khalda Petroleum Company has made a new natural gas discovery in the Western Desert, after drilling and electrical logging confirmed gas presence with an estimated production rate of around 36 million cubic feet per day (mmcf/d). Testing and initial flow assessments are currently underway, with plans to bring the exploratory well, Gomana-1, into production on November 19.

Egypt to Export 3,000 MW to Europe via Greece

• Sunday, 16th November 2025
• by Samar Samir

Egypt signed an agreement to export 3,000 megawatt (MW) of electricity to Europe via the Greek network, a step that aligns with the country's plan to become a regional energy hub,noted a statement by the Ministry of Petroleum and Mineral Resources.

The trilateral agreement was signed by the Egyptian Electricity Transmission Company (EETC), Greece’s Independent Power Transmission Operator (IPTO), and Iliaka, a subsidiary of the Copelouzos Group. It mandates the start of final studies for the implementation of the Egypt–Greece grid connection project.

The interconnection is part of a broader strategy to link Egypt's national grid with the unified European electrical grid, solidifying Egypt's role as a regional energy hub and a vital bridge for exchanging power between Africa, Asia, and Europe, added the statement.

Cheiron’s West El-Burullus Gas Field Begins Production, Estimated Output at 45 mmcf/d

• Sunday, 16th November 2025
• by Doaa Ashraf

West El-Burullus (WEB) gas field entered production in the Mediterranean after the connection of the first wells to the national grid with production tests estimated at 45 million cubic feet per day (mmcf/d), according to Karim Badawi, Minister of Petroleum and Mineral Resources.

Egypt, World Bank Woo New International Emerging Miners

• Sunday, 16th November 2025
• by Samar Samir

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with the World Bank Group’s Regional Practice Director for Infrastructure, Almud Weitz, to advance cooperation and boost the investment appeal of the country's petroleum and mining sectors. Discussions centered on strategic funding for initiatives such as the incentive program for emerging mining companies to invest in Egypt, continued support for the natural gas connection project for households, and energy efficiency efforts.

Egypt Signs Deal for Power Link Studies with Europe

• Thursday, 13th November 2025
• by Doaa Ashraf

Egypt has signed a cooperation agreement to carry out the final studies for the electricity interconnection project between Egypt and Europe through Italy, aiming to strengthen the country’s position as a regional energy hub. The Egypt-Europe interconnection is designed to export surplus renewable energy to the European continent, with a targeted capacity of up to 3,000 megawatts.

Egypt Extends Eni Concession in Gulf of Suez and Nile Delta to 2040

• Thursday, 13th November 2025
• by Doaa Ashraf

Egyptian General Petroleum Corporation (EGPC) has signed an agreement with Italy’s Eni, to extend the Gulf of Suez and Nile Delta concession until 2040. This extension allows for the full economic utilization of the available oil and gas potential within the concession area. Under the agreement, Eni will begin a new 3D seismic survey campaign to identify untapped resources, leveraging its specialized technologies and deep subsurface geological expertise.

Egypt, India Discuss Cooperation in Petrochemicals, Mining

• Thursday, 13th November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Jagat Prakash Nadda, India’s Minister of Health, Chemicals, and Fertilizers; Suresh K. Reddy, India’s Ambassador to Egypt; and a delegation of Indian company representatives to discuss cooperation and joint investments in the petrochemicals and mining industries. They agreed to form a joint working group to explore ways to deepen trade and industrial cooperation between Egypt and India.

Destiny Commits $210 Mn Investment to Egypt’s Green Hydrogen, Ammonia Output

• Wednesday, 12th November 2025
• by Doaa Ashraf

Singapore-based Destiny Energy plans to invest $210 million to build green hydrogen and green ammonia facilities in SCZONE, aiming to help Egypt meet EU's Carbon Border Adjustment Mechanism (CBAM) requirements.