- 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%
US
Aramco Negotiates to Increase LNG Purchases from USA
Oil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reuters.
Burullus Gas Company
Burullus Gas Company Brings Sparrow West-1 Development Well Online
Burullus Gas Company brought the Sparrow West-1 development well online, integrating it into the production efforts for Phase 11 of the West Delta Deep Marine (WDDM) project. This development aligns with the first pillar of the Ministry of Petroleum and Mineral Resources’ strategy: maximizing domestic natural gas production to meet the needs of different economic sectors, as well as those of households.
natural gas supply
Natural Gas Reaches Homes in Al Hammam City
Modern Gas has connected natural gas to El-Hammam City in Matrouh Governorate. The company plans to supply 8,000 homes with natural gas, making it the third city in Matrouh Governorate to receive natural gas.
Egypt
GUPCO Organises Three HSE Training Courses For Employees
The Gulf of Suez Petroleum Company (GUPCO) held three training courses, which saw the participation of 51 trainees out of a total of 190 targeted for the program. These courses are part of a comprehensive training plan aimed at raising employee's efficiency and enhancing their practical and theoretical capabilities. The training program used the application of Human and Organizational Performance (HOP) concepts, which focus on designing organizational systems characterized by flexibility and the ability to accommodate human errors.
mature fields
bp to Redevelop Mature Fields in Libya
bp, the British oil giant, signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin.
Transportation and Distribution
EGPC Reviews Strengthening Petroleum Supply Chain
The Public Prosecution for Transport and Distribution, along with the Department of Health, Occupational Safety, and Environmental Protection (HSE) at the Egyptian General Petroleum Corporation (EGPC), held its quarterly meeting with companies operating in petroleum product transport and distribution. The meeting focused on reviewing the companies’ procedures for ongoing development in HSE practices, particularly those related to the transport and handling of petroleum products via tanker trucks.
PMS
PMS to Develop Phase Four of Kamose Gas Field Offshore North Sinai
Petroleum Marine Services (PMS) has been awarded the execution contract for Phase Four development of the Kamose offshore gas field in North Sinai. The scope of work includes the installation of three new offshore production platforms: Hoor, KDE-1, and Snefru. PMS will also deploy three 8-inch-wide offshore pipelines to link the new platforms to the existing production network, ensuring full connectivity to the company’s main offshore pipelines and integration with the floating production unit (MOPU).
ExxonMobil Makes New Gas Discovery in Cyprus
ExxonMobil discovered a reservoir of natural gas at a prospect off the island’s coast, Reuters reported, citing Konstantinos Letymbiotis, the spokesperson of the Cypriot government. Drilling operations revealed a 350-meter reservoir of natural gas at a depth of 1.9 kilometers in the Pegasus-1 well.
