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 ...

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 ex ...

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.

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 Mediterra ...

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.
bp has an ambitious pla ...

Cheiron’s West El-Burullus Gas Field Begins Production, Estimated Output at 45 mmcf/d

West El-Burullus (WEB) gas field entered production in the Mediterranean after the connection of the first wells to the national grid with production tests estimated at 45 million cubic feet per day (mmcf/d), acco ...

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 P ...

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 ...

Egypt, Arcius Energy Discuss Boosting Gas Investments in the Mediterranean

Minister of Petroleum and Mineral Resources, Karim Badawi met with Nasser Saif Al-Yafei, CEO of ARCIUS Energy, a joint venture between BP and ADNOC’s subsidiary XRG, to review ongoing work plans as well as discuss ...

Badawi Inspects El-QAHERII Rig Ahead of Deep Drilling in the Mediterranean

Minister of Petroleum and Mineral Resources, Karim Badawi, inspected the offshore drilling rig Cairo-2, operated by Modern Drilling Company (MDC) in Alexandria, before its transfer to its next drilling site at Den ...

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