Coronavirus (Covid-19) | Egypt Oil & Gas

Petrotrade Launches 12 New Payment Services

Petroleum trading service company (Petrotrade) launched 12 new  services for natural gas meter reading  and payment to limit the infection of coronavirus (COVID-19), according to a press release. These services includ...

EOG Hosts its First Webinar on June 24

Egypt Oil & Gas (EOG) will host its first webinar under the title “Egypt’s Oil and Gas Sector Pandemic and Commodity Price Crash” on June 24 at 12 PM. The webinar will be moderated by the President and...

MoP Takes Steadfast Measures to Limit COVID-19 Spread

The Ministry of Petroleum and Mineral Resources has taken several precautionary and preventive measures to limit the spread of coronavirus (COVID-19). The measures do not affect production, which supports Egypt’s econ...

El Molla Initials Contracts with Winners of Red Sea Bid Round

Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the ...

EMGF Discusses the Region’s Natural Gas Future 

The East Mediterranean Gas Forum’s (EMGF) held its sixth meeting via video conference to discuss the natural gas industry’s future and the natural gas market development to optimize the region’s potential from r...

Centamin’s Revenues Record 7% YoY Increase in 2019

Centamin gross revenues increased by 7% in 2019, recording $658.1 million against $614.8 million in 2018, according to a statement. The company has announced its annual results for 2019 denoting significant progress i...

EMGF Subcommittee Assesses COVID-19 Impact on Oil, Gas Industry

The East Mediterranean Gas Forum’s (EMGF) Gas Industry Advisory Committee held its third meeting via video conference to prioritize the assessment of the COVID-19 impact on the regional oil and gas industry, in accord...

Natural Gas-Based Industries to Work by Free Zone System

The Economic Ministerial Committee has agreed to proceed with the necessary legislative amendments to allow licensing of projects of natural gas-based industries to work according to Free Zones regulations, the Cabine...

Dana Gas to Pay $397 MM of Outstanding Sukuk

Dana Gas’s proceeds from selling its Egypt assets will go towards paying $397 million of outstanding Sukuk, according to a press release. The company confirmed earlier in April that its plans to sell Egypt assets are ...

Baker Hughes’ Revenues Record $5.4 B in Q1 2020

Baker Hughes’s revenues reached $5.4 billion during Q1 2020, recording a 3% year-on-year (YoY) decrease from Q1 2019, according to a statement. The statement showed that orders went down by 3% YoY, estimated at $5.5 b...

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