oil and gas | Egypt Oil & Gas - Part 2
Badawi Explores AI Adoption with SLB to Boost Oil Production
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Sherif Bayoumy, Managing Director of SLB (formerly Schlumberger) for Egypt and the Eastern Mediterranean, and Basil Abdel Wahab, SLB Vice President o...
Egypt’s Petroleum Sector Records First Growth Since Q1 FY2023/24
The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive growth rate since the first quarter(Q1) of FY2023/2024, said Ahmed Rostom, Minister of Plan...
TAG Oil to Spud T-200 Well in Egypt’s Western Desert by Mid-July
Canadian explorer TAG Oil is set to commence drilling operations at the T-200 well in the BED-1 field, located in Egypt’s Western Desert, following the mobilization of the NDC-9 drilling rig later this month. Th...
PM Reviews Financial Allocations for Egypt’s Petroleum Supply
Prime Minister Mostafa Madbouly met with Ahmed Kouchouk, Minister of Finance, and Karim Badawi, Minister of Petroleum and Mineral Resources, to review the status of financial allocations required to secure the country...
Egypt to Fully Settle Foreign Partners’ Arrears by June 10
Egypt expects to fully settle its outstanding dues to foreign oil and gas partners by June 10, 2026, thereby accelerating the initial June 30 deadline, according to Karim Badawi, Minister of Petroleum and Mineral Reso...
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...
Canada’s TAG Oil Reveals 2026 Drilling Plans in Western Desert
Tag Oil, a Canadian-based international oil and gas exploration company, is preparing to drill a T-200 vertical well in the Badr Oil Field (BED-1) concession located in the Western Desert in 2026, according to its fi...
EPSCO Labor-Supply Business Grows 24% in 2025
The Egyptian Petroleum Services Company (EPSCO) recorded a 24 % increase in revenue from its labor-supply business line to reach EGP 8.2 billion in 2025, according to Chairman Ahmed Shehata. EPSCO is a prominent servi...
