- Crude Oil (WTI) 91.22 USD/bbl 0.00%
- Crude Oil (Brent) 94.97 USD/bbl -2.35%
- NYMEX Natural Gas 2.98 USD/MMBtu 0.00%
- OPEC Basket Price 98.50 USD/bbl 0.21%
Baker Hughes
Baker Hughes Wins bp Contract to Boost North Sea Production
Baker Hughes has secured a contract from British Petroleum (bp) to provide offshore well stimulation and production enhancement services across bp’s UK North Sea operations, supporting both new well development and recovery from mature fields. Under the agreement, Baker Hughes will deploy a vessel-based stimulation solution equipped with its StimFORCE modular stimulation package to support well completions and production enhancement activities.
US
US Protects 35% Stake in Venezuelan Oil Venture
The US has structured a 35% stake in a Venezuelan oil venture through warrants designed to protect its ownership from dilution as the project raises capital.
Refinery expansion
Iraq Implements Four Gas Projects With 1.4 bcf/d Capacity
Iraq’s Ministry of Oil is implementing four projects to capture and utilize associated gas with a combined capacity of up to 1.4 billion cubic feet per day (Bcf/d), the ministry spokesperson Salim Al-Rikabi told the Iraqi News Agency (INA).
Minister of Petroleum and Mineral Resources
Badawi Pushes Refining, Pipeline Expansion to Strengthen Egypt’s Energy Hub Role
Karim Badawi, Minister of Petroleum and Mineral Resources, called for further development of Egypt’s refineries, transportation networks and storage capacity to strengthen energy security and Egypt’s position as a regional petroleum products trading hub.
MRMIA
Badawi Promotes Australian Mining Investors With Egypt’s Open Blocks System
Karim Badawi, Minister of Petroleum and Mineral Resources, presented Egypt’s mining investment framework to Australian investors as the country seeks to attract more exploration companies and capital into the sector.
ADNOC
ADNOC Restores 922,000 bbl/d Ruwais Refinery to Full Capacity
ADNOC has restored its 922,000 bbl/d Ruwais refinery to full capacity after the facility was halted during the regional war, according to Bloomberg.
Minister of Petroleum and Mineral Resources
Egypt, Murdoch University Launch Mining Training Partnership
Karim Badawi, Minister of Petroleum and Mineral Resources, witnessed the launch of a specialized training program at Australia’s Murdoch University to develop the capabilities of staff from the Mineral Resources and Mining Industries Authority (MRMIA).
bid round
EGPC Launches South East El Moghra Block Bid Round
Egypt’s Egyptian General Petroleum Corporation (EGPC) is promoting the South East El Moghra exploration block in the Western Desert as part of its 2026 international bid round, with bids due by November 11, 2026, at noon Cairo time, according to the Egypt Upstream Gateway (EUG). The EUG said that South East El Moghra offers companies an opportunity to explore “new upstream potential” in Egypt’s Western Desert.
