energy security | Egypt Oil & Gas
Baker Hughes Q3 2026 Revenue Rises 14% YoY
The global energy technology company Baker Hughes reported a 14% year-on-year (YoY) increase in revenue to $8.03 billion in the third quarter (Q3) of 2026, driven by stronger orders and broad-based demand across its e...
El-Sisi Reviews Egypt’s Plan to Raise Renewables Share to 45% by 2028
Egyptian President Abdel Fattah El-Sisi reviewed progress on renewable energy projects as the government brings forward its target of raising renewables’ share in the energy mix to 45% by 2028, from the previous targe...
Eni Signs EPC Deal for Developing Cronos Gas Field in Cyprus
Italian energy giant Eni signed on October 26 the main engineering, procurement, construction (EPC) and drilling contracts for the development of the Cronos Project located in Block 6 offshore Cyprus. This marks the s...
Asia Needs $1 Tn in Annual Energy Investment for 15 Years, McKinsey Say
Asia is required to invest as much as $1 tn annually in energy over the next 15 years to strengthen energy security, as countries reassess their reliance on imported fuels following disruptions caused by the Iran war,...
US Warns of Possible Exit from IEA Over Climate Policy Disputes
The US could withdraw from the International Energy Agency (IEA) if the organization fails to align with Washington’s priorities on climate policy, US Energy Secretary Chris Wright said on September 23. Speaking at a ...
Scatec Starts Full Operations at Egypt’s 1.1‑GW Obelisk Solar Project
Scatec, a leading Norwegian renewable energy solutions provider, has reached the Commercial Operations Date (COD) for the second and final phase of its 1.1-gigawatt (GW) Obelisk solar and battery storage project in Na...
Heatwave Drives Egypt’s Power Demand to Record high of 40,000MW
Egypt’s electricity load hit a record 40,000 megawatts (MW) on August 11, up 700 MW from the previous day’s 39,300 MW, as the grid continues to absorb unprecedented summer demand driven by extreme heat, according to t...
bp Uses Sidetrack Drilling to Accelerate Fayoum North 4 Output
As part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to increase domestic natural gas production, maximize existing infrastructure, and reduce reliance on imports, it is working with bp to brin...
