Egypt Oil Output Rebounds, Gas Declines Further

Egypt’s oil output started the year showing early indications of a revival. Oil production averaged 523,600 b/d in Q1, the highest quarterly average since 4Q 2024, representing a 3% increase over the previous quarter. ...

BP Plans Egypt Asset Sale As Output Declines

Is BP’s storied presence in Egypt coming to a close? The market is on alert after a Reuters report on 15 May, confirmed by MEES, revealed that the UK major has sounded out a number of companies about a potential fire s...

Cheiron/Capricorn Secure Egypt Consolidation Approval

UK independent Capricorn announced on 19 May that Egyptian Minister of Petroleum Karim Badawi had signed the consolidated and amended concession agreement covering eight Western Desert concessions in which Capricorn hold...

Apache’s Big Bet On Egypt Gas

Apache posted stronger than expected gas production figures from Egypt last quarter, underlining the extent to which gas is now central to its Western Desert strategy. Gross Egypt gas production rose 13% year-on-year to ...

Israeli Gas Exports To Egypt Set For Summer Increase

A key 46km stretch of pipeline offshore Israel, due to begin operations by 26 June, will enable increased gas exports to Egypt. NewMed Energy announced the planned startup date for the Ashdod-Ashkelon pipeline during its...

Adnoc CEO: Hormuz Disruption To Extend Into 2027

The CEO of Adnoc, Sultan al-Jaber, warned this week that Middle East oil production won’t fully recover until next year: “Even if this conflict ends tomorrow, it will take at least four months to get back to 80% of p...

BOTAS, Edison Sign MoU to Explore Gas, LNG Cooperation

Türkiye’s state-owned energy company BOTAS has signed a memorandum of understanding (MoU) with Italy’s Edison to explore potential cooperation in natural gas and liquefied natural gas (LNG), according to Reuters cit...