The Egyptian Cabinet has approved a decree allowing Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla to contract with the Egyptian General Petroleum Corporation, the Italian Egyptian Oil Company, and BP to explore and develop oil fields in the Nile Delta.
Engineering for the Petroleum and Process Industries (Enppi) is set to sell around 15% of its shares in an initial public offering on the Egyptian Exchange Market (EGX).
European Union (EU) Commissioner for Energy and Climate Action Miguel Arias Cañete will arrive in Cairo on April 22nd for a three-day visit, during which several meetings will be held to review ways to increase cooperation between Egypt and the EU.
Yorktown Partners has announced that it will sell Merlon International, an oil and gas company focused on exploration and production in Egypt's Western Desert region.
The Egyptian government will sign a memorandum of understanding (MoU) with the European Union (EU) during the EU energy commissioner's visit to Egypt in the final week of April 2018.
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has reviewed Rashid Petroleum Company's (Rashpetco) work on the phase 9B development project in the Mediterranean.
Recent natural gas discoveries in Egypt have put it among the top 20 countries in terms of reserves and production, Mirna Arif, regional sales director at Baker Hughes, has said.
Schlumberger invested around $60 million in the construction of the Egypt Center of Efficiency which provides competitive services and enables the exchange of information for the Egyptian oil and gas industry.
BP expects supplies of liquefied natural gas (LNG) to more than double by 2040, Regional President of North Africa Hesham Mekawy has said.
The Egyptian Natural Gas Holding Company, the Ganoub El Wadi Petroleum Holding Company (Ganope) and Toyota have signed a $600 million agreement to purchase an offshore drilling rig capable of operating in deep water.
