EU to mobilise up to €25bn for renewables, clean tech by 2035 through Pact for Mediterranean
The European Union (EU) has unveiled an ambitious new initiative aimed at accelerating the green energy transition across the Mediterranean region, with plans to mobilise up to €25bn in investments by 2035. The initiative, known as the Trans-Mediterranean Renewable Energy
Ancient Euphrates once flowed into the Mediterranean, new study suggests
Millions of years before the first cities emerged in Mesopotamia, the Euphrates River followed a very different path from the one known today. Rather than flowing southeast through present-day Turkey, Syria, and Iraq toward the Persian Gulf, the river system
Egypt to launch largest Mediterranean gas drilling programme in 2026
Egypt will implement its largest-ever gas drilling programme in the Mediterranean in 2026, Minister of Petroleum and Mineral Resources Karim Badawi said on Tuesday during an inspection of Shell’s new offshore operations. The minister visited the STENA ICEMAX drillship to
Egypt to host Barcelona Convention COP24 on advancing Mediterranean marine protection
Egypt will host the 24th Meeting of the Contracting Parties to the Barcelona Convention (COP24) from December 2 to 5, bringing together environment ministers and representatives from 21 Mediterranean countries, along with senior officials from the UN Environment Programme (UNEP),
Egypt starts gas production at West Burullus field in Mediterranean: Petroleum Minister
Minister of Petroleum and Mineral Resources Karim Badawi has announced the start of initial gas production from the West Burullus field in the Mediterranean Sea, following the successful connection of the field’s first well to the national gas grid. Early
BP adds 80 mcf/d from new Raven well in Mediterranean
BP has announced the successful start-up of the RW5 well, adding 80 million cubic feet per day (mcf/d) of new gas production within the West Nile Delta (WND) project. The new output complements increased production from the RW4 well, bringing
BP signs agreement to drill five new gas wells in Mediterranean within its Egypt concessions
Minister of Petroleum and Mineral Resources Karim Badawy witnessed the signing of a new drilling contract marking the launch of BP’s upcoming offshore gas exploration programme in Egypt. The agreement covers the drilling of five natural gas wells in BP’s
TMG sales soar to EGP 340bn fueled by SouthMed – Dailynewsegypt
Talaat Moustafa Group Holding (TMG) has achieved a significant milestone, securing a staggering EGP 340bn ($7.1bn) in sales as of July 8, 2024. This remarkable figure, a more than sevenfold increase compared to the same period last year, is largely