8/1/2026 9:13:53 AM (Volume: 43 / Issue: 8)
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Tag: Egypt

Energy, Oil & Gas

Egypt reports 112 oil, gas discoveries over two fiscal years

Egypt’s exploration sector has delivered positive results over the past two fiscal years, with 149 exploration wells drilled and 112 new discoveries made, including 88 crude oil and 24 natural gas finds, the government said. Among the notable discoveries was the Denis offshore gas field in Port Said....

Energy, Oil & Gas

Egypt launches O&G bid round, offering 14 exploration areas

Egypt has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new areas to international and Egyptian companies as the government seeks to attract investment, boost domestic production and meet the targets of its five-year output plan....

Energy, Oil & Gas

Dana Gas reports $107m H1 profit, up 47%

Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit of AED393 million ($107 million) in H1 2026, compared with AED270 million ($73 million) in H1 2025, an increase of 47%. ...

Energy, Oil & Gas

TotalEnergies, Eni approve development of Cyprus’ Cronos gas field

TotalEnergies and Eni have approved the development of Cyprus’ Cronos gas field, with first production targeted for 2028. The project will supply European markets through Egypt’s LNG infrastructure, reaching around 2.8 million tonnes annually....

Energy, Oil & Gas

Egypt oil production reaches two-year peak, exports top 2.3m tonnes

Egypt’s crude oil production has reached a near two-year high as petroleum exports topped 2.3 million tonnes in H1 2026, generating $2.3 billion. The government is also advancing $4.5 billion in refinery projects to boost output and exports....

Energy, Oil & Gas

Egypt’s Wanda deep gas well starts production at 40 mmcf/d

Khalda Petroleum has begun production from the newly discovered Wanda deep gas well in Egypt’s Western Desert, with an initial output of 40 million cubic feet per day (mmcf/d), Egypt’s Ministry of Petroleum and Mineral Resources announced....

Energy, Oil & Gas

Twma secures three-year contract extension in Egypt

Twma, a global provider of drilling waste management solutions, has secured a three-year contract extension with a major operator in Egypt, following the completion of an initial three-year agreement....

Energy, Oil & Gas

Egypt, EU seal $801m deal to expand renewable energy grid

Egypt and the European Union are strengthening their strategic energy partnership with a financing package of up to €690 million ($801 million) to upgrade and expand Egypt’s electricity grid. The funding includes a €600 million loan from EIB Global and up to €90 million in European Commission grants....

Energy, Oil & Gas

Egypt, UAE strengthen energy ties with new investment talks

Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities....

Energy, Oil & Gas

Strohm wins first Egypt contract for deepwater TCP flowline

Strohm has won its first contract in Egypt to supply a 2,000-metre thermoplastic composite pipe (TCP) flowline for a West Delta Deep Marine (WDDM) project operated by Burullus Gas Company, a joint venture between EGAS, Shell, and Petronas....

Energy, Oil & Gas

QatarEnergy, Egypt agree gas cooperation deal

QatarEnergy signed an MoU with Egypt and ExxonMobil to explore Cyprus gas development and commercialisation via Egypt’s LNG infrastructure, strengthening Egypt’s role as an Eastern Mediterranean gas hub....

Energy, Oil & Gas

Egypt announces largest Western Desert discovery in 15 years

Ministry of Petroleum and Mineral Resources said Agiba Petroleum Company made its largest discovery in 15 years in Egypt’s Western Desert, with estimated reserves of 330 billion cubic feet of gas and 70 million barrels of oil equivalent....

Energy, Oil & Gas

Dana Gas delivers 72pc increase in Q1 2026 profit

Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq....

Energy, Oil & Gas

Green Sky Capital signs financing deal for key SAF facility in Egypt

Qatar-based Green Sky Capital has signed the financing deal for a landmark sustainable aviation fuel production facility on a 100,000-sq-m site within the Suez Canal Economic Zone in Egypt. The engineering, procurement and construction contract for the project has been awarded to French group SeaOwl. ...

Energy, Oil & Gas

Dana Gas says all overdue receivables settled by Egypt

Dana Gas, the Middle East’s largest regional private sector natural gas company, has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled....

Energy, Oil & Gas

GE Vernova receives order for upgrades at Egypt power plants

GE Vernova said it has received an order from Middle Delta Electricity Production Company (MDEPC), an affiliate of Egyptian Electricity Holding Company (EEHC), for upgrades and services at MDEPC’s Bahna and Nubaria power plants in Egypt. ...

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