Mediterranean | Egypt Oil & Gas
Global Supply Shocks Drive Record US Crude Exports
US crude oil exports surged to an all-time high of 5.6 million barrels per day (mmbbl/d) in May, as Asian and European refiners increased purchases to offset supply disruptions triggered by the war between the US and ...
Egypt, bp, Harbour Sign Deal to Boost Mediterranean Output
The Egyptian General Petroleum Corporation (EGPC) and the Egyptian Natural Gas Holding Company (EGAS) have signed a Heads of Agreement (HoA) with both British Petroleum (bp) and Harbour Energy to establish the execut...
ARCIUS Energy, bp Start Offshore Gas Drilling in Mediterranean
ARCIUS Energy and bp are set to begin offshore gas drilling operations in the Mediterranean Sea, following the arrival of the drillship Valaris DS-12 in Egypt to support the development of new exploration wells. The v...
Badawi Inspects Shell’s West Mina Gas Field, First Output Expected By End of 2026
Karim Badawi, Minister of Petroleum and Mineral Resources, inspected the drilling operations of the first development and production well at the West Mena gas field in the Northeast El Amreya area in the Mediterranean...
bp Commits to Increase Investments in Egypt
UK Energy giant bp reaffirmed its commitment to boosting investments in Egypt, accelerating drilling programs, and turning discoveries into actual production on an accelerated pace. This came during a meeting of Karim...
Cheiron’s West El-Burullus Gas Field Begins Production, Estimated Output at 45 mmcf/d
West El-Burullus (WEB) gas field, operated by Cheiron, entered production after the connection of the first wells to the national grid. The tests estimated the production of the field, located offshore the Mediterran...
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...
bp Uses Valaris Deepwater Rig to Drill 5 New Gas Wells Offshore the Mediterranean
bp has signed a contract with Valaris, an American offshore drilling contractor, to drill five new natural gas wells in its Mediterranean concession areas at a depth of 300-1500 meters, utilizing the Valaris DS-12 dee...
