Gulf of Suez | Egypt Oil & Gas - Part 2

Badawi to Petrocast: Egypt’s 2026 Mediterranean Drilling Campaign Targets 12 tcf of Gas

Egypt will launch one of the largest natural gas exploration campaigns in the Mediterranean in 2026, marking a major step in reviving domestic production and attracting new investments, Karim Badawi, Minister of Petro...

Ganope Completes Red Sea Geological Expedition to Support Upcoming Bid Round

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 in...

UAE Dragon Oil to Invest $30mn in New Wells in Gulf of Suez

UAE Dragon Oil has signed a new agreement with the Egyptian General Petroleum Corporation (EGPC) to drill at least two new oil and gas wells within East El-Hamd area in the Gulf of Suez region with investments of arou...

EGPC Strikes Three New Exploration Agreements Across Egypt

The Egyptian General Petroleum Corporation (EGPC) has signed three new agreements with international companies to explore for oil and gas in the Western Desert, Gulf of Suez, and North Sinai regions. The first agreeme...

Ministry of Petroleum Leads Rescue After Gulf of Suez Marine Barge Capsize

The Ministry of Petroleum and Mineral Resources immediately activated its emergency plan following the incident involving the marine barge Admarine 12, deploying sector rescue teams in the Gulf of Suez and mobilising ...

Cabinet Greenlights $252mn in Energy Agreements

The Cabinet approved five petroleum concession agreements between the Egyptian General Petroleum Corporation(EGPC), the Egyptian Natural Gas Holding Company (EGAS), and a number of international companies. These agree...

KNOC Mulls Expanding Investments in Egypt’s Petroleum Sector

Minister of Petroleum and Mineral Resources Karim Badawi met with Dong Sub Kim, CEO and President of the Korea National Oil Corporation (KNOC), and his accompanying delegation to explore investment opportunities and p...

EGPC Chairman, Dragon Oil CEO Hold Talks on Expanding Activities in Egypt

Egyptian General Petroleum Corporation’s (EGPC) Chairman Salah Abdel Karim met with Dragon Oil’s CEO Ali Rashid Al-Jarwan along with other executives with aim to expand the company activities in Egypt. Al-...

Badawi Reviews Eni’s Projects in Egypt

Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with Eni’s Global Natural Resources Chief Operating Officer Guido Brusco during which they exchanged views on accelerating the development ...

Dragon Oil to Use AI to Boost Egypt’s Oil Production

Fareed Alhashmi, the CEO of Dragon Oil in Egypt and Iraq, has announced that his company started to study developing Morgan and Badri fields by using artificial intelligence (AI) technology. This aligns with the direc...

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