Chevron Corporation CVX, along with several other multinational energy firms, has exited its oil concession blocks in Egypt’s Red Sea region after failing to discover commercial oil or gas reserves.

Egypt’s Ministry of Petroleum and Mineral Resources has launched a new international bid round for oil and gas exploration in four offshore blocks in the Red Sea, according to Al Youm Al Sabea, citing ...

DOHA, Oct 5 (Reuters) - QatarEnergy agreed with Shell (SHEL.L), opens new tab to acquire a 27% participating interest in a block offshore Egypt from the oil and gas major, it said in a statement on ...

Western and Eastern energy giants are competing for new Egyptian gas exploration blocks. As Egypt opens 12 key Mediterranean and Nile Delta sites to boost reserves and output. U.S. firms like Chevron, ...