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A service for energy industry professionals · Sunday, May 4, 2025 · 809,301,754 Articles · 3+ Million Readers
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Egypt Oil & Gas Newswire

  • Published on May 2, 2025

    Greece Greenlights Tender for Offshore Oil and Gas Exploration

    May 2, 2025 © Andrei / Adobe Stock Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea, following an expression of interest by Chevron and Helleniq Energy, the energy ministry said on Thursday …

    Source: Offshore Engineer News - Neutral
  • Published on May 3, 2025

    Chevron Joins Pivot to Egypt’s Mediterranean Shelf After Red Sea Exit

    After concessions fist awarded in 2019 failed to yield discoveries, Chevron and other upstream oil and gas majors have exited exploration concessions in the Red Sea to redirect their Egyptian investment portfolios to prospects of greater commercial value. …

    Source: Journal of Petroleum Technology - Neutral
  • Published on May 2, 2025

    Egypt contains gas pipeline fire in 6th of October City

    Cairo: The Ministry of Petroleum and Mineral Resources in the Arab Republic of Egypt announced full control of a fire that broke out in a 7-bar natural gas pipeline at the entrance of 6th of October City on the Wahat Road – west of SUMED, confirming that …

    Source: Gulf Daily News Online - Pro-Government
  • Published on May 2, 2025

    Egypt grants Lukoil two new oil deals

    Egypt’s parliament has approved two new oil exploration and production agreements, authorizing the Ministry of Petroleum and Mineral Resources to move forward with contracts involving Russian energy firm Lukoil.The first agreement grants the South Valley …

    Source: African Mining Market - Pending
  • Published on May 2, 2025

    Afriland Properties, Acorn Petroleum Shrink NASD Index by 0.05%

    By Adedapo Adesanya President Bola Tinubu has approved the composition of an oversight committee to organise Nigeria’s hosting of the 4th African Union Micro, Small and Medium Enterprises (MSME) Forum, scheduled to hold between June 23 and 27 in Abuja. …

    Source: BusinessPost Nigeria - Indeterminate
  • Published on May 1, 2025

    BP Ousts Strategy Chief Amid 48% Profit Plunge and Activist Investor Pressure, Accelerates Pivot Back to Oil

    After enduring financial struggles to start the year, including a 48% drop in net profit, BP is making some changes, the company announced in its first-quarter earnings call. A significant change for the British supermajor is the ousting of Executive Vice …

    Source: Journal of Petroleum Technology - Neutral
  • Published on May 2, 2025

    Gulf bourses end mixed on oil price fall

    DUBAI: Stock markets in the Gulf ended mixed on Thursday amid falling oil prices and weaker-than-expected US GDP data. The US economy contracted in the first quarter, largely because of a surge in imports as businesses sought to avoid expected tariffs. …

    Source: Business Recorder - Neutral
  • Published on May 1, 2025

    Monira al Qadiri’s brooding and buoyant vision of oil comes to Helsinki

    Framed in the window of the Museum of Contemporary Art Kiasma, which forms part of the Finnish National Gallery in Helsinki, is a tremendous fuchsia inflatable that beckons visitors across the Töölö Bay. Benzene Float (Kekulene) (2023) looks like it …

    Source: STIRworld - Neutral
  • Published on May 1, 2025

    IMF sounds alarm: Economic pressures mount on Iraq, non-Gulf oil producers

    2025-05-01T14:12:18+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq and other non-Gulf oil-exporting countries are set to face mounting economic pressure due to declining oil production and shrinking public spending, the International Monetary …

    Source: Shafaq News - Indeterminate
  • Published on May 1, 2025

    Mideast Stocks: Gulf bourses end mixed on oil price fall, weak US economic data

    Stock markets in the Gulf ended mixed on Thursday amid falling oil prices and weaker-than-expected U.S. GDP data. The U.S. economy contracted in the first quarter, largely because of a surge in imports as businesses sought to avoid expected tariffs. Risks …

    Source: Zawya - Indeterminate
  • Published on May 1, 2025

    3 dead, 13 injured in gas pipeline fire in Egypt’s Giza; Govt unveils cause

    Footage shows several vehicles on fire after the rupture of a natural gas pipeline in the 6th of October City in Gaza, northern Egypt CAIRO – 1 May 2025: Three people were killed, 13 others were injured and several vehicles were destroyed in a gas pipeline …

    Source: Egypt Today - Gov't Propaganda
  • Published on Apr 29, 2025

    State proposes extending secrecy for state-owned oil infrastructure firms

    The government is proposing to extend the secrecy conditions covering the controversial state-owned Europe Asia Pipeline Company for an additional 18 months after the current arrangements expire on June 1. The draft order was posted on a government website …

    Source: The Times of Israel - Right-wing
  • Published on Apr 30, 2025

    An era of falling interest rates and lower inflation for Egypt

    KUWAIT: With more than a year having passed since the March 2024 currency devaluation in Egypt, the policy of a more flexible FX regime has started to become more deeply embedded even amid major economic challenges caused by the US’s ‘liberation day’ …

    Source: Kuwait Times - Pro-Government
  • Published on Apr 30, 2025

    Turkey’s Plot for Regime Change in Egypt

    Turkey is moving hard and fast into the Greater Middle East, with the mission of restoring its Ottoman-era influence and becoming the dominant power of the Muslim world. Turkey, a predominantly Sunni Muslim nation of ethnic Turks, is led by an Islamist …

    Source: The National Interest - Washington D.C. - Right-wing
  • Published on Apr 30, 2025

    Egypt to issue improved mining investment law

    Egypt is on the verge of issuing a new mining law that includes better incentives for foreign investors in a bid to boost the sector’s contribution to the economy by 12 times, the Petroleum and Mineral Resources Minister has revealed. Karim Badawi told …

    Source: Zawya - Indeterminate
  • Published on Apr 29, 2025

    BP Asset Sales In Egypt, Trinidad Weigh On Q1 Production As Profit Falls

    BP PLC BP shares are trading lower on Tuesday after the company reported first-quarter fiscal 2025 results. Sales and other operating revenues came in at $46.905 billion, beating the consensus of $40.12 billion. Hydrocarbon production declined 16.5% year …

    Source: Benzinga - Neutral
  • Published on May 2, 2025

    Nigeria’s Dangote on track for $30 billion annual revenue target despite US tariff

    Aliko Dangote, Africa’s richest person, said his group is on track to generate total revenue of $30 billion next year, even as companies fret over the potential impact of US President Donald Trump’s tariffs. The chief executive officer of Dangote …

    Source: Business Day - Neutral
  • Published on May 2, 2025

    Dangote eyes $30 billion revenue target amid U.S. tariff concerns

    Aliko Dangote, Africa’s richest man, says the Dangote group is on track to generate $30 billion in total revenue next year, despite growing concerns among global businesses about the potential impact of U.S. President Donald Trump’s trade tariffs. Dangote …

    Source: Business Insider Africa - Neutral
  • Published on May 2, 2025

    Greece approves the tender for hydrocarbons in four offshore blocks

    The energy ministry announced on Thursday that Greece had approved an international bid for hydrocarbon exploration of four blocks in Mediterranean Sea following expressions of interest from Chevron Energy and Helleniq Energy. The energy ministry announced …

    Source: World Energy News - Connecticut - Pending

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