Egypt News

Israeli Energy Sites Impacted by the Gaza Conflict

Oct 16, 2023

Israel, which has become a major gas exporter in recent years, has shut down several major energy sites since Hamas militants attacked southern Israel on Oct. 7, sparking a wider conflict in the Gaza Strip.Following are the sites impacted by the conflict so far:THE TAMAR GAS FIELDIsrael on Oct…

Egypt Launches Oil and Gas Exploration Bidding Round

Sep 25, 2023

Egypt's petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for Feb. 25. The round includes 10 areas in Egypt's Western Desert, two in the Eastern Desert, seven in the Gulf of Suez…

Egypt Awards Oil and Gas Exploration Blocks to Eni, BP, QatarEnergy, and Zarubezhneft

Sep 26, 2023

Italy's Eni was the big winner in an Egyptian auction for oil and gas exploration rights on Tuesday, securing concessions for two of the four blocks outright, according to results from the petroleum ministry. The company also won a third block with BP and QatarEnergy in the Mediterranean Sea…

Israel Will Expand Gas Exports to Egypt

Aug 23, 2023

Israel on Wednesday said it will boost natural gas production from its offshore Tamar field and increase exports to Egypt, which is contending with rising demand and falling output.Exports to Egypt will be increased by an additional 38.7 billion cubic meters (bcm) of natural gas over 11 years…

Neptune Energy Starts Drilling at Yakoot Prospect, Egypt

Aug 23, 2023

Neptune Energy has started drilling operations at its operated Yakoot exploration well, located in the North West El Amal Concession in the southern Gulf of Suez, Egypt. It is the first operated well to be drilled by Neptune in Egypt.The North…

Egypt Finds New Oil Discovery in Gulf of Suez

Aug 22, 2023

Egypt's petroleum ministry on Tuesday announced a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez.The new discovery was made by Egypt's Cheiron through exploration well GNN-11, currently producing more than 2,500 barrels a day…

North Africa Will be Italy's Key Gas Supplier for Years, Eni Top Exec Says

Sep 12, 2023

Algeria, Egypt, and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects…

US Backs Chevron in Dispute with Cyprus over Giant Offshore Gas Field

Sep 04, 2023

Washington has weighed into a dispute between Cyprus and international companies led by Chevron over how to develop a giant offshore gas field, backing the U.S. company's plan to link it to neighboring Egypt, two industry sources and a U.S. source said on Friday…

Egypt's Gas Output Declines and Power Cuts Bite

Aug 07, 2023

Egypt's natural gas production fell to a three-year low in the first five months of 2023, figures from the Joint Organisations Data Initiative (JODI) show, raising questions about the country's efforts to position itself as a regional energy hub…

Egypt Denies Giant Zohr Offshore Gas Field Facing Problems

Jul 25, 2023

Egypt denied reports its giant Zohr gas field was facing technical problems, in a statement on Monday, instead highlighting investments to boost its production. Total investment in the offshore gas field has reached $12 billion and is expected to hit $15 billion in three years…

Report: BP, Azerbaijan's Socar Make Maiden Bid for Israeli Offshore Gas

Jul 17, 2023

BP and Azeri national oil company Socar have taken part for the first time in an Israeli licensing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin, sources said.BP and Socar…

Israel: Leviathan Field Consortium Plans $568 Million Pipeline to Expand Gas Production

Jul 04, 2023

Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports.Leviathan, a deep-sea field with huge deposits, came…

Israel's Gas Reserves Grew by 40% Over Past Decade, Report Says

Jun 26, 2023

Israel's natural gas reserves have grown by 40% over the past decade due to increased drilling and exploration activities, an industry report said, even as production soared.The growth came amid five-fold growth in offshore gas production since…

Cyprus Seeks Mediterranean Gas Link to Israel

Jun 20, 2023

Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters.Proposals by the new centrist Cypriot government, which came to power in March…

Subsea 7, OneSubsea Alliance Wins Substantial Subsea Tie-back Contract in Egypt

May 03, 2023

Subsea Integration Alliance has won a 'substantial' subsea tie-back contract from BP and its joint venture partner Wintershall Dea for the Raven Infills Project offshore Egypt.  The Raven field is a stage of BP's major West Nile Delta (WND)…

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