On the 23rd of June, first gas from the $334 million Seth development commenced approximately 18 months from project sanction, which is 15 weeks ahead of schedule.
A sale by RWE AG (RWE) of energy assets in Egypt is stalled as the country's turbulent political transition deters potential buyers from bidding for the German utility's offshore gas fields there, according to people ...
American operator Apache Corporation drilled a new exploratory well last march, situated in the Western Desert. The operation comes in consistence with Apache's drilling plan for the 2011-2012 fiscal year.
The Petroleum Ministry has obtained approval from the Defense Ministry for the Egyptian Natural Gas Holding Company (GASCO) to offer a tender for international companies to explore for gas in the Mediterranean Sea fo ...
Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.
Egypt was once an exporter of oil and gas, but now it is struggling to meet its own energy needs.
The growth in energy consumption is a response to the country's economic expansion, industrialization, and change in ...
Egypt may gradually scrap subsidies on oil products by 2018, introducing coupons for gasoline and diesel as part of the phaseout, the independent newspaper Al Masry Al Youm reported, citing unidentified officials.
International shareholders in East Mediterranean Gas (EMG), the company that oversaw the now defunct Egyptian-Israeli natural gas deal, said on Thursday they were suing the government of Egypt for violating three bil ...
Kuwait Energy is estimated to have pumped approximately $400 million of investments into the Egyptian petroleum sector, as the company increases exploration and production activities in the country.