News / Egypt

Kuwait Energy announces two new oil discoveries in East Ras Qattara in Egypt

Kuwait Energy Company (Kuwait Energy), one of the fastest growing independent oil and gas exploration and production companies in the Middle East, announced two new oil discoveries in the East Ras Qattara (ERQ) concession located in Egypt's Western Desert, bringing the company's total number of discoveries in Egypt, since 2008, to 11.

Russia, Qatar Face Pressure to Scrap Gas Link to Oil Prices as Crude Jumps

Russia and Qatar are under growing pressure from Europe's biggest utilities to scrap a 40-year-old system that links natural-gas prices to oil after Brent crude's 23 percent surge this year.

Egypt reviews re-start of gas exports to Israel

Egypt is reviewing the timetable for resuming gas exports to Israel and wants to negotiate more flexible contracts with foreign gas buyers, the Egyptian oil minister said.

Petroceltic eyes oil and gas deals in Egypt

Petroceltic is eyeing oil and gas deals in Egypt and Tunisia to take advantage of a funding gap brought about by unrest in the North African region, said its chief executive.

PMS provides offshore platforms to Amapetco and Abu Qir

The Petroleum Marine Services Company (PMS) is installing offshore platforms and pipelines for the Amal Petroleum Company (Amapetco) and Abu Qir Petroleum Company, with total investments of $31 million and $20 million respectively.

Petrobel’s updates in Abu Rudeis

Belayim Petroleum Company (Petrobel) drilled three development wells in the field of Abu Rudeis in North Sinai, in the Gulf of Suez area.

Agiba invests more in the Western Desert

In the context of its fiscal year 2010/2011, Agiba Petroleum Company drills three development wells in its concession area in the Western Desert.

OPEC may hike oil output to ease prices

Major oil cartel OPEC may consider increasing output for the first time in 4 years to ease prices and lessen the drag of high energy costs on global economic growth.

Jordan, Egypt still apart on gas deal

Despite weeks of negotiations, Amman and Cairo have yet to reach an agreement on resuming natural gas supplies to Jordan, a senior energy official has said.

Israel threatens to resort to international arbitration over gas prices

Israel has rejected Egypt's plan to reconsider the price of gas and has threatened to resort to international arbitration, an official source in the Petroleum sector told Ahram Online.

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