- 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%
LNG
QatarEnergy Marks First LNG Export From Golden Pass Project in Texas
QatarEnergy has celebrated the first liquefied natural gas (LNG) export cargo from the Golden Pass LNG project in Sabine Pass, Texas, marking a key milestone toward full commercial and export operations. Golden Pass LNG is a joint venture (JV) between QatarEnergy, which holds a 70% stake, and ExxonMobil with 30%. The partners reached a final investment decision (FID) exceeding $10 billion in February 2019, making it one of the largest investments in the history of the US LNG sector.
SCZone
SCZONE , UNIDO Launch National Clean Hydrogen Program
The General Authority for the Suez Canal Economic Zone (SCZONE), in collaboration with the United Nations Industrial Development Organization (UNIDO), announced the launch of Egypt’s National Clean Hydrogen Program. This initiative is designed to advance Egypt’s transition toward a competitive, low-carbon economy anchored by green hydrogen production and export.
Russia
Russia to Reroute Kazakh Crude Oil Volumes Amid Druzhba Pipeline Disruptions
Russia will reroute crude oil volumes originating from Kazakhstan that had been destined for Germany through the Druzhba pipeline to alternative export channels beginning May 1.
Supreme Council of Energy Review Supply Security, Renewable Drive
Prime Minister Mostafa Madbouly convened the Supreme Council of Energy today to review the status of electricity, petroleum products, and natural gas supplies, according to a statement by the cabinet. During the session, the Council affirmed its commitment to securing energy requirements for national and industrial projects, ensuring operational sustainability while maximizing productive capacities. This strategic coordination is designed to bolster economic growth and accelerate the localization of domestic industry amidst prevailing regional and international challenges. Attended by Minister of Petroleum and Mineral Resources Karim Badawi and Minister of Electricity and Renewable Energy Mahmoud Esmat, the session focused on securing the energy supplies required for diverse industrial activities.
Solar Energy
Europe Rooftop Solar Demand Surges Amid Energy Market Turmoil
Demand for rooftop solar systems across Europe has risen sharply following the outbreak of the Iran war, as households increasingly seek protection from escalating power costs driven by severe global energy market disruptions.
Egypt
EGPC Targets Production Leap, Energy Security
The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held a meeting to review measures for accelerating production and securing domestic energy supplies. During the meeting, conducted via Video conference, both EGPC CEO Salah Abdel Kerim and the Deputy CEO for Financial and Economic Affairs, Amal Tantawi, presented initiatives aimed at attracting new investments to the Gulf of Suez, the Mediterranean, and the Western Desert to increase petroleum and natural gas production. Chaired by Karim Badawi, Minister o
Halliburton
Halliburton Doubles Net Income to $461 Mn inQ1 2026
Oilfield services giant Halliburton recorded a net income of $461 million, or $0.55 per diluted share, for the first quarter (Q1) of 2026, more than doubling the $204 million reported in Q1 2025, the company announced on April 21, 2026. Total revenue for the quarter remained flat year-on-year (YoY) at $5.4 billion, while operating income reached $679 million with a 13% operating margin.
cost cutting
New Technique Saves $500,000 in Bapetco’s BED 16‑33 Drilling
Badr Eldin Petroleum Company (Bapetco), a joint between Cheiron and the Egyptian General Petroleum Corporation (EGPC), have implemented an updated drilling system and well design in BED 16-33 well, reducing costs by nearly $500,000its and drilling time by about 10 days, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
