Egypt has announced an ambitious plan to drill 480 exploratory oil wells with a total investment of $5.7bn (E£271.59bn) over the next five years. This initiative aims to reverse the country's ...

The energy partnership between Italy and Egypt is being strengthened around Eni, the country’s leading oil and gas producer. Egyptian president Abdel Fattah al Sisi received in El Alamein Eni’s chief ...

Egypt's state gas company and Chevron signed a deal on 5 October to explore the deep-water Lotus block, with at least US$88 million and two wells.

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The energy giant pledged $3.5 billion in investment into gas exploration in Egypt over the next three years. Tarek el-Molla, Egypt's Minister of Petroleum and Mineral Resources and president of the ...

CAIRO, July 6 (Reuters) - BG Group's Egyptian subsidiary said it would invest $2 billion to install a pipeline and drill new wells off Egypt's Mediterranean coast to help meet the country's growing ...

CAIRO, Aug 29 (Reuters) - Egypt's petroleum ministry said on Friday that two new wells in the deepwater West Delta have gone online, adding about 60 million cubic feet per day (mcfd) of natural gas to ...

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BP plc BP has signed a preliminary agreement with the Egyptian Natural Gas Holding Company (EGAS) to drill five new Mediterranean gas wells, Egypt’s Petroleum Ministry said Monday. The move highlights ...

BP plc BP is planning to drill four natural gas exploration wells in Egypt in the fourth quarter of 2023. Of the total, two wells are situated at the Raven gas field in the North Alexandria Concession ...