The European Bank for Reconstruction and Development (EBRD) is supporting the manufacturing industry in Egypt with a US$ 50 million loan to United Metals Company (UMC), a copper rod manufacturer. Copper is a key material and contributes to the green energy transition in Egypt and Africa. Amid foreign exchange scarcity in Egypt and rising global commodity prices, including […]

QatarEnergy has been awarded a new exploration block offshore the Arab Republic of Egypt as part of the 2022 EGAS International Bid Round. The results of the competitive bid process were announced by Egypt’s Ministry of Petroleum and Mineral Resources, awarding exploration and production rights for block EGY-MED-E8 (East Port Said) to a consortium comprising […]

TAG Oil Ltd has commenced drilling the horizontal portion of the BED4-T100 (“T100”) well in the Badr Oil Field (“BED-1”) in the Western Desert of Egypt. TAG Oil successfully drilled the vertical pilot hole to a depth of 3,290 meters.  The Company recently performed open-hole logging, formation imaging, and pressure measurement, followed by cement plug-back […]

Egypt, Abu Sennan (22% non-operated working interest, operated by Kuwait Energy Egypt) Oil production from the Abu Sennan Licence in H1 2023 averaged 1,051 bopd (net to United’s 22% working interest) with an additional 93 boepd net gas. The exit rate from the first half was 1,011 bopd net, plus 111 boepd net gas with […]

Barely one month after Kuwait Foreign Petroleum Exploration Company, K.S.C.C. (KUFPEC) and its wholly owned subsidiary, KUFPEC Egypt Limited (KUFPEC Egypt), made a disclosure of a new oil discovery in the Geisum and Tawila West Concession in the Gulf of Suez, Egypt, BG International Limited, subsidiary of Shell plc., said it has signed Farm Out […]

Capricorn Energy, the Egypt-focused oil and gas Production Company, has announced that the detailed operational update presentation on its Egypt assets will be held in London on 30 November 2023. The update will outline the Company’s commitment to its business in Egypt and include the outcome of the recently commissioned new reserves report, an up-to-date […]

Neptune Energy  has kicked off 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 operation is being carried out with the ADM-8 rig, operated by ADES, and […]

Cheiron  said that it has made a new oil discovery in the Geisum and Tawila West in the Gulf of Suez. Cheiron (through its PICO GOS affiliate) holds a 60% working interest and operatorship in the Concession, with Kufpec holding the remaining 40% interest. The field operations are managed by the PetroGulf Misr Joint Operating […]

TWMA a drilling waste management specialist has been awarded a contract worth up to $15 million to support a large-scale oil and gas project for bp in Egypt. The company will employ its award-winning RotoMill drill cuttings processing technology to process all drilling waste generated from bp’s WND & END exploration and development project in […]

The Egyptian government is limiting electricity use with daily power cutbacks nationwide, putting people’s economic and social rights at risk, Human Rights Watch said today. The cuts appear to last longer in rural areas, which have higher poverty rates, and have left many people without power amid soaring temperatures, hindering their ability to perform their jobs, including for some […]