Minister of Petroleum and Mineral Resources Karim Badawi met with Arcius Energy CEO Naser Saif Al Yafei to discuss the company’s activities in Egypt and plans to accelerate gas exploration.
Updated 10/11/2026 12:08:00 AM
The Egyptian Natural Gas Holding Company (EGAS) and Arcius Energy signed an agreement valued at nearly $500 million to develop the Harmattan gas field in the Mediterranean.
Updated 4/2/2026 10:59:00 AMBritish company bp plans to inject new investments estimated at $1.5 billion in Egypt's natural gas exploration and development during fiscal year (FY) 2026/2027, Minister of Petroleum and Mineral Resources Karim Badawi announced.
Updated 3/29/2026 8:49:00 AMDrilling vessel Valaris DS-12 has arrived in Egyptian territorial waters as part of a program aimed at drilling four new wells for bp and Arcius Energy.
Updated 3/24/2026 5:32:00 AM