oil and gas
Elsewedy Electric acquires 99.25% stake in International Cables
September 14, 2021
ArabFinance: Elsewedy Electric (SWDY) has completed the acquisition transaction of a 99.25% stake in International Cables Co at a value of EGP 410......
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Egypt to export gas to Lebanon via Jordan
September 13, 2021
CAIRO: Egypt’s Minister of Petroleum and Mineral Resources Tarek El-Molla said he expects the supply of Egyptian gas to Lebanon to begin within......
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Schlumberger New Energy Enters into Agreement with EnerVenue for Metal-Hydrogen Stationary Energy Storage Solutions
September 11, 2021
- Schlumberger New Energy announced today an investment and collaboration agreement to deploy EnerVenue’s uniquely differentiated nickel-hydrogen......
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Refocus on green goals and climate change strategies: ICF
September 9, 2021
World leaders must unite and grab the unique opportunity presented by a post-Covid world to refocus on green goals and climate change strategies......
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Egypt hopes to help Lebanon overcome energy crisis soon, minister says
September 9, 2021
Egypt's petroleum minister said today he hoped to export Egyptian gas as soon as possible to Jordan to generate power that will supply Lebanon,......
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Egypt plans to conclude oil, gas deal with UAE company
September 8, 2021
Egypt has said it intends to conclude an agreement with the UAE’s Dragon Oil Co. to increase oil and gas production. Tarek El-Molla, Egypt’s......
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Cairn Energy to finalize Shell Egypt acquisition by end-September
September 8, 2021
ArabFinance: Cairn Energy and partner Cheiron expect to finalize its takeover of Shell Egypt’s onshore oil and gas assets by the end of September,......
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Egypt planning new $5bn petrochemical complex, Ministry says
September 2, 2021
RIYADH: Egypt is considering building a huge $5 billion petrochemical complex in the industrial zone of New Alamein, Minister of Petroleum and Mineral......
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Orascom Construction's second-quarter profit jumps 143% on revenue and order backlog
August 30, 2021
Egypt-based Orascom Construction reported that its second-quarter net income jumped by about 143 per cent as revenue and new orders grew despite......
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Siemens Energy supports Egypt to develop Green Hydrogen industry
August 26, 2021
Siemens Energy has signed a memorandum of understanding with the Egyptian Electricity Holding Company to jointly develop hydrogen-based industry......
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