• 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%

TechnipFMC Secures iEPCI Contract for Xena Phase 3 Development

TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Woodside Energy in Australia.


Madbouly Follows-Up Maximizing Use of Mineral Resources to Localize Electronic Chip Manufacturing

Prime Minister Mostafa Madbouly chaired a meeting to follow up on efforts to localize the electronic chip and semiconductor industry by exploiting Egypt's rich mineral resources, in the presence of Minister of Petroleum and Mineral Resources Tarek El Molla.

Financial Statement

Maridive & Oil Services Announces 12% Growth in Revenues

Maridive & Oil Services has announced that its revenues increased to $16.5 million for the year ending on 31 March 2024, a 12% improvement compared to $14.7 million in the similar period 2023.


El Molla, Japanese Ambassador Discuss the Japan-Arab Economic Forum

Minister of Petroleum and Mineral Resources Tarek El Molla has met with the Japanese Ambassador in Cairo Oka Hiroshi.


Eni Sells 10% of Saipem at 1.970 Euros Per Share

Italian energy company Eni has completed the sale of 10% of the share capital of oilfield group Saipem at 1.970 euros per share for a total value of 393 million euros ($421.96 million).

Baker Hughes

Baker Hughes Secures Integrated Solutions Contract for Petrobras' Offshore Fields

US Baker Hughes, an energy technology company, has been awarded a deal from petrobras for workover and plug and abandonment (P&A) services in pre-salt and post-salt fields offshore Brazil.


ADNOC Fully Redeems Exchangeable Bonds in ADNOC Distribution

ADNOC has said that it has redeemed in full its US dollar-denominated senior unsecured bonds (Exchangeable Bonds) in ADNOC Distribution, maintaining a stable shareholding level in ADNOC Distribution following maturity of the Exchangeable Bonds.


EMRA, East Gas, IMEX Sign Shareholders’ Agreement to Establish New Company

Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the signing of the shareholders’ agreement to establish a company to maximize the added value of low-concentration phosphate ores between the Egyptian Mineral Resources Authority (EMRA), the East Gas Company, and IMEX International.


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