ExxonMobil Expands Gas Exploration in Egypt with New Concession West of Zohr Field

• Tuesday, 4th November 2025
• by Fatma Ahmed

ExxonMobil has signed a Letter of Intent (LOI) with the Egyptian Natural Gas Holding Company (EGAS) to expand the former's natural gas exploration activities in the Mediterranean Sea, marking a new chapter in the company’s partnership with Egypt. The agreement was signed on the sidelines of the ADIPEC 2025 conference in Abu Dhabi, in the presence of Minister of Petroleum and Mineral Resources Karim Badawi, and John Ardill, ExxonMobil’s Vice President of Global Exploration.

Badawi Meets with Mubadala, TAQA, AIQ, US Firms to Expand Investments in Egypt

• Tuesday, 4th November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources explored investment interest from Mubadala, Devon Energy, and EOG Resources at ADIPEC 2025, focusing on accelerating Zohr gas and the Red Sea bid round. He also discussed possible partnerships with TAQA and AIQ to boost operational efficiency.

Badawi Accelerates E&P Projects, Strengthens IOC Ties at ADIPEC 2025

• Tuesday, 4th November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources met with SLB, bp, Halliburton, and Baker Hughes CEOs at ADIPEC to advance key projects. Discussions focused on the East Med seismic survey, accelerating Raven gas production, and applying new technologies to boost Egypt's E&P efficiency.

Egypt, U.S Strengthen Energy Partnership During ADIPEC 2025 Talks

• Tuesday, 4th November 2025
• by Fatma Ahmed

On the sidelines of his participation in the Abu Dahbi International Petroleum Exhibition and Conference (ADIPEC) 2025, Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Doug Burgum, U.S Secretary of the Interior and Chairman of the National Energy Dominance Council. Both sides discussed ways to enhance Egypt and U.S strategic partnership in the energy domain.

Egypt Posts New Bid Round in 4 Blocks in Red Sea

• Tuesday, 4th November 2025
• by Fatma Ahmed

Minister of Petroleum and Mineral Resources Karim Badawi announced a new international bid round for exploration and production operations in blocks RS-Block (1), RS-Block (2), RS-Block (3), and RS-Block (4) located in the Red Sea. The announcement was made during the minister’s participation in the Abu Dhabi Exhibition and Conference (ADIPEC) 2025.

Badawi Highlights Egypt’s Expanding Role as Regional Energy Hub at ADIPEC 2025

• Monday, 3rd November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, stated that Egypt is working on strengthening its status as a regional energy hub, maximizing the use of its robust infrastructure, and expanding cooperation to provide energy supplies for the entire region. The Minister made his remarks during a ministerial session at the ADIPEC Exhibition and Conference 2025.

The session was attended by Suhail Al Mazrouei, UAE Energy Minister and Infrastructure, and Saad Al Kaabi, Qatar’s Minister of State for Energy Affairs.

EKH Sells 63.39% Stake in Delta Insurance to Al Wafa for EGP 3.2 Bn

• Monday, 3rd November 2025
• by Doaa Ashraf

EKH completes the sale of its 63.39% stake in Delta Insurance to Al Wafa Insurance for EGP 3.169 billion ($67 million). The company, set to be renamed Valmore Holding, simultaneously reported a 32% YoY rise in H1 2025 revenues.

Badawi Meets Eni, Chevron Leaders to Advance Gas Exploration at ADIPEC 2025

• Monday, 3rd November 2025
• by Doaa Ashraf

Karim Badawi, Minister of Petroleum and Mineral Resources, met with Claudio Descalzi, CEO of Eni, during his participation in the ADIPEC Exhibition and Conference 2025 in Abu Dhabi to accelerate the company’s exploration and production plans in the Mediterranean. The Minister also met Clay Neff, President of Chevron International Exploration and Production to explore opportunities for expanding the company’s investments.

Ganope Completes Red Sea Geological Expedition to Support Upcoming Bid Round

• Sunday, 2nd November 2025
• by Fatma Ahmed

The South Valley Egyptian Holding Petroleum Company (Ganope) has completed a geological field expedition in the southern Gulf of Suez and Red Sea region to deepen understanding of the basins, supporting the planned international exploration bid round in the Red Sea. This initiative aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to attract new investments in untapped oil and gas exploration areas.

Badawi Conducts Surprise Visit to Rashpetco, Burullus Gas to Follow up on Operation Progress

• Sunday, 2nd November 2025
• by Fatma Ahmed

Minister of Petroleum and Mineral Resources, Karim Badawi, made a surprise visit early this morning to the headquarters of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company in Cairo, as part of the Minister’s regular inspection tours to petroleum sector companies. The visit aimed to follow up on the company's progress and work plans. It also ensured direct communication with executive leaders and work teams as the minister sat to listen to their views, suggestions, and challenges.