EGAS, DNV sign MOU to develop strategies to decarbonize Egypt’s Petroleum sector
Egyptian Natural Gas Holding Company and DNV sign MOU to develop strategies to decarbonize Egypt’s Petroleum sector. Egyptian Natural Gas Holding Company (EGAS) and DNV signed a memorandum of understanding (MOU) to develop a supporting hub to evaluate the technical and economic feasibility of decarbonizing the Egyptian Petroleum sector. The MOU is in response to […]
New oil and gas exploration bid round coming in 1H2022 – El Molla
New oil and gas exploration rights will be up for grabs in 1H2022. The government plans to launch a new global tender for oil and gas exploration before June, Bloomberg Asharq reported Oil Minister Tarek El Molla as saying during a press conference yesterday. No further details were disclosed on the upcoming tender. The Oil Ministry kicked off […]
Petroleum Ministry to establish a new $1.6 bn methanol plant in Ain Sokhna
The Oil Ministry has formed a new state-owned petrochemicals company that will join Methanex in producing methanol in Egypt. A shareholder agreement has been signed establishing Misr Methanol and Petrochemicals, which will manufacture methanol, ammonia, and other petrochemicals, the Oil Ministry announced in a statement. Around USD 1.6 bn will be invested in the first phase of Misr […]
Schlumberger highlights Egypt’s 2021 Digital Bid Round opportunities
Brownfield, greenfield, and frontier exploration investment opportunities across Egypt. The industry’s first fully digital bid round is open in multiple areas across Egypt’s Western Desert, Gulf of Suez, Nile Delta, and Mediterranean Sea regions—open now through 1 August 2021. Explore Egypt’s brownfield, greenfield, and frontier exploration opportunities On 17 February 2021, Egypt opened diverse new […]
Schlumberger: Accelerating Energy Discovery and Investment Growth in Egypt
Discussion about an innovative national project for the digitalization of Egypt’s subsurface information The Egyptian government has a strategic plan for modernizing its petroleum sector. For several years, the country has been working toward becoming more agile, integrated, and efficient while laying the groundwork to become a strategic energy hub for the region. To this […]
Ministry of Petroleum, Schlumberger launch Egypt Upstream Gateway
Innovative national digitalization project to promote Egypt’s exploration and production potential worldwide The Egyptian Ministry of Petroleum and Schlumberger announced today the launch of the Egypt Upstream Gateway, an innovative national project for the digitalization of subsurface information. This digital platform will also enable global access to the country’s subsurface data, which is kept evergreen […]
El Molla: New Oil & Gas exploration tenders coming soon
Energy companies will get a chance to get their hands on new onshore and offshore exploration blocks within two weeks, when state-owned EGPC and EGAS will launch a new oil and gas exploration tender, Oil Minister Tarek El Molla told Gulf Intelligence. The tender will include offshore blocks in the Mediterranean and Nile Delta, as […]
Egypt, ITFC sign $1.1 billion funding agreement to import commodities
Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of financing allocated for 2021 reached US$ 1.1 billion. The ministry said that the agreement comes as part of a three […]
Egypt signs Oil & Gas Exploration Agreements worth $1 billion
Egypt said it signed new agreements involving investment of about $1 billion to search for oil and natural gas in parts of the Mediterranean and Red Sea. The deals are with six international and local companies including Exxon Mobil Corp. and Chevron Corp., the state-run Middle East News Agency reported Friday, citing a statement from […]
TransGlobe agrees with EGPC to merge, extend & modernize its Eastern Desert Concessions
TransGlobe Energy Corporation announced it has reached an agreement with the Egyptian General Petroleum Corporation (“EGPC”) to merge the Company’s three existing Eastern Desert concessions (the West Gharib, West Bakr and North West Gharib concessions) into a new modernized concession agreement (the “Merged Concession” or “Agreement”). The Agreement is subject to the usual Egyptian Parliamentary […]
