Energy News
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5 Key facts about ADES Holding's $43 million drilling contract in Egypt
This contract not only enhances ADES Holding’s operational footprint but also significantly contributes to Egypt's energy sector.
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1st phase of Egypt's first safe closure for waste dump completed
The plan is to get rid of the negative effects of random dumps, while rehabilitating the site, and implementing the infrastructure for parks.
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Egypt to achieve daily production of 5.7B cubic feet in FY2024/2025
To realize this growth, the commencement of operations at recently discovered deep-water fields in the western Delta will play a significant role.
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EGAS partners with Höegh LNG to deploy FSRU for enhanced energy security
An unnamed official disclosed that the Egyptian government is expected to pay an annual fee of $90 million to utilize the FSRU unit.
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Egyptian oil & gas firm books jack-up rig on 21-month drilling gig in Gulf of Suez
ADES has secured a new drilling assignment for one of its rigs off the coast of Egypt with Suez Oil Company (SUCO).
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Egypt's oil exports increased by 26 percent in February
The overall value of Egyptian exports in February amounted to approximately $3,36 billion, down slightly compared to $3,52 billion in 2023.
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Saudi-listed ADES wins jackup drilling contract in Egypt
The new award follows the group’s recent contracts in Qatar and Thailand, slated to commence operations in the second half of 2024.
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Egypt braces for second summer of power cuts as gas supplies dwindle
The cuts started as Egypt allocated more of its gas production for export to raise scarce dollars, importing polluting fuel oil to keep some power.
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Egypt sets sail for renewable future with $9 billion FDI for 8 GW wind projects
Egypt has entered into agreements for two wind energy projects west of Sohag, involving foreign direct investments (FDI) totaling an estimated $9 bln.
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Egypt PM witnesses inking of land deals to implement two wind electricity projects in Sohag
The ceremony was held in the presence of Electricity Minister Mohamed Shaker and Norwegian Ambassador to Egypt Hilde Klemetsdal.
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U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy
Aside from its unique geopolitical significance, Egypt is uniquely positioned too in the global oil market.
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Jewellery, bullion demand in Egypt shrinks by 17% in 1Q of 2024 as prices rise: WGC
On the other hand, the report showed that bullion demand in Egypt decreased by 36 percent in the 1Q of 2024 to reach 5.2 tons.
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Egypt plans to implement 4 desalination plants worth $350M
Hanoura added that 17 consortia have qualified for the tender since nearly a year ago, and they will be notified to obtain the tender documents.
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Egyptians brought 4.6 tons of gold from abroad in a year
There is no final decision yet regarding whether or not to extend the initiative to exempt gold imported for personal use from customs after 10 May.
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Egypt’s FRA & World Gold Council Launch Gold Fund Initiatives
Dr. Farid added that these funds also provide a hedge against price volatility through participation in a structured and secure investment.
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Egypt wants to increase oil production by 9 percent
The aim is to reach 637 thousand barrels per day, compared to the current 580 thousand barrels.
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Globeleq Completes Acquisition of Stake in Winnergy Solar PV Plant in Egypt
Globeleq, a leading independent power and energy transition company, has finalized the acquisition of a 48.3% equity share in the 25 MWp solar plant.
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TAG Oil commences flow back of BED4-T100 horizontal well
At least 50 tonnes of sand were used per stage in the mechanically propped fracture stages with over 1,000,000 pounds successfully pumped.
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Egypt, Italy discuss cooperation in field of renewable energy, green transition
Egypt and Italy have long historic relations, Shaker said, adding that Italy now is one of the most important commercial partners to Egypt.
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Shell and partners begin drilling three new offshore wells west of the Nile Delta
Shell and its partners developed the West Delta Deep Marine area in 300 phases.