- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
Petronas
Egypt and Petronas Discuss Expanding LNG Investments at Gastech 2024
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Adnan Zainol Abidin, CEO of the Malaysian Petronas Group. The meeting discussed the status of the group's current investments in Egypt and its plans to pump more investments during the coming period, especially in the field of research and exploration.
Geoffrey Pyatt
Egypt and U.S. Strengthen Energy Cooperation at Gastech 2024: Focus on Carbon Emissions and Investment Opportunities
During his participation in Gastech 2024, the Minister of Petroleum and Mineral Resources Karim Badawi has met with Geoffrey Pyatt, US Assistant Secretary for Energy Resources during which they explored how to foster the cooperation in energy and carbon emissions reduction in light of the agreement signed between the two sides in 2019.
Johan Castberg oil filed
Equinor’s FPSO Arrives at Johan Castberg Oil Field Offshore Norway
Equinor has announced the arrival of the floating production, storage and offloading vessel (FPSO) on the Johan Castberg field in the Barents Sea.
Egypt
Egypt Announces New Butane Gas Prices
Prime Ministerial Resolution No. 3001 of 2024 stated the decree to renew butane gas prices, starting September 18th. According to the decree Prime Minister Mostafa Madbouly authorized Minister of Petroleum and Mineral Resources, Karim Badawi, to take the necessary measures, and based on what was presented by the Minister of Petroleum and Mineral Resources, the following was decided.
Opening
Badawi Showcases Egypt's Role as a Major Energy Hub at Gastech 2024
During the opening of Gastech 2024, the Minister of Petroleum and Mineral Resources Karim Badawi has spotted the light on the role of Egypt as a gate between the East, the West and the North in trading natural gas and hydrogen considering the presence of the necessary infrastructure and natural resources of energy.
Egypt
Egypt Oil & Gas Launches Technical Workshops Ahead of 2024 Convention
Egypt Oil & Gas held the 1st of 3 technical field workshops, which power the Egypt Oil & Gas 2024 Convention (the 10th convention).
BP's Trans Adriatic Pipeline AG (TAP).
bp Sells Minority Stake in Trans Adriatic Pipeline to Apollo for $1B
bp has signed a $1 billion deal with Apollo-managed funds to purchase a non-controlling stake in bp Pipelines TAP Limited, a subsidiary of bp that holds a 20% share in Trans Adriatic Pipeline AG (TAP).
China’s Sinopec
Sinopec Tops Germany ESG Conference with Best Environmental Protection Award
Sinopec has been awarded the Best Environmental Protection Case award at the First Sino-European Corporate ESG Best Practice Conference in Frankfurt, Germany.
