Egypt's Information Technology Industry Development Agency (ITIDA) has awarded Fixed Misr and El-Delta Electronic Systems licences to provide digital signature services.
The new licences recognise the two companies for receiving the highest scores (...)
Energean announced that it has received a discount for its acquisition of the Edison E&P, paying only $284m, but after working capital, Energean expects to pay just $178m for the acquisition down from the initial $750m value of the deal, the company (...)
Energean has announced the completion of 80% of pipe laying and subsea systems installation works in the Karish and Tanin offshore gas development in the Mediterranean Sea.
The Greek oil and gas production company said it has started installing (...)
Belayim Petroleum Company (Petrobel) brought two new wells on stream to the Zohr and Baltim South West gas fields in the Mediterranean, offshore Egypt.
The two wells, Zohr 17 and Baltim South West 7, were put into operation with an average (...)
US oil prices plummeted in historic fashion Monday, heading to negative territory after crashing to below zero a barrel due to the collapse in demand caused by the coronavirus pandemic with traders unloading positions ahead of the May contract's (...)
Egypt's fuel price indexation committee reduced petrol prices by about 3%, in line with the global decline in oil prices, while diesel prices stabilised. It was also decided to amend the price of mazut to be EGP 3,900 per tonne.
The committee wanted (...)
Greece's Energean Oil & Gas announced that the acquisition value of Italian Edison's concessions has been decreased to $600m after excluding the latter's $150m worth assets in Algeria.
The two companies amended the agreement terms on 2 (...)
The Ministry of Petroleum and Mineral Resources is considering extending the bidding period on gold mining in the Eastern Desert due to the coronavirus. The move comes after initial bidding window, which opened mid-March, was extended due to close (...)
Misr Petroleum Company has announced the launch of Misr Gel, a sanitizer gel that contains 70% alcohol. It also launched another product for cleaning and disinfecting hands (Eco-Clean), in addition to a disinfectant for floors and surfaces (...)
Brent crude oil is at its lowest level in 17 years, as the international benchmark slipped below $25 per barrel Wednesday, bringing its year-to-date losses to 58%, as governments worldwide accelerated lockdowns to counter the Coronavirus pandemic (...)
Agiba Petroleum Company has managed to increase foreign partners' investments to about $430m this fiscal year, compared to $370m allocated in the company's approved budget, in order to implement the company's exploration and development operations (...)
Oil prices declined 22% of their value during Sunday's trading, becoming the biggest daily loss since the Gulf War in 1991. This comes after Saudi Arabia said it would raise production to more than 10m barrels per day compared to about 9.7m barrels (...)
Dutch Shell considers drilling an exploratory gas well in Rosetta field in Rashid concession, after it stopped production about a year ago. The company retracted the concession sale offer announced in November 2016, and the production rate at the (...)
Italian Eni seeks to start exporting some of its share in the Zohr deep-water gas field in the Mediterranean through the Damietta liquefaction plant this year.
A source in the petroleum sector told Daily News Egypt that the Italian company has (...)
As international oil companies change their business plans to keep pace with recent mega gas discoveries in Egypt, and the government formed a fuel automatic pricing committee to set fuel prices according to global prices, besides amending existing (...)
Members of the Industry and Energy Committee of the House of Representatives have called on the government to link the prices of gas pumped to the industrial sector with international gas prices, in order to motivate them to produce and enable them (...)
Egypt's Petroleum Minister Tarek El-Molla signed a new exploration licence agreement with Neptune Energy for North West El Amal Offshore Concession on Wednesday.
The signing took place on the side-lines of Egypt Petroleum Show (EGYPS) 2020. (...)
Minister of Petroleum Tarek El-Molla said Egypt envisions energy as a tool to achieve development, peace, and prosperity regionally.
On the sidelines of the 2020 Egypt Petroleum Show (EGYPS), El-Molla said Egypt's call for the establishment of the (...)
Egypt's Minister of Petroleum Tarek El-Molla, discussed with John Christmann CEO and President of Apache, the company's petroleum exploration and production plans in Egypt' Western Desert, on Wednesday.
The meeting came on the sidelines of the Egypt (...)
President Abdel Fattah Al-Sisi inaugurated the fourth edition of the Egypt Petroleum Show (EGYPS) on Tuesday, which will be run under his auspices until 13 February.
Minister of Petroleum Tarek El-Molla said the oil and gas sector contributed 27% of (...)
US Assistant Secretary of State for Energy Francis R. Fannon said that the US energy policy has changed and it now works not only in exporting oil, but also participating in partnerships through American companies in other countries, like (...)
Oil prices fell by more than 1% at the close of the week's trading, bringing the price of a Brent barrel to $54.45, after Russia announced that it needed more time before committing to additional production cuts, sought by other major producers at a (...)
The Egyptian Natural Gas Holding Company (EGAS), Shell, and BP have signed an agreement to modify gas prices at El-Borg marine concession area in the Mediterranean Sea, through a price index formula linked to the global price of crude barrel, with a (...)
Minister of Petroleum and Mineral Resources Tarek El-Molla said crude oil need to increase, as well as safety and health measures upgrade.
The minister's directives came during a meeting with heads of companies operating in oil and gas production on (...)
Dutch Shell has started to receive offers from international companies to buy its current assets from oil and natural gas concessions in the Western Desert in Egypt, and plans to finish the sale by the end of this year.
A source in the petroleum (...)