• 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%
Natural Gas

Natural Gas Expansion Fuels Sinai's Development Surge

The Cabinet Media Center has published a report that included infographics highlighting the nation's unprecedented boom and major development and reconstruction projects in Sinai and cities along the Suez Canal as well as the benefits of the implementation of security and development strategies throughout 10 years

Egypt

Egypt, Eni Sign Two CSR Agreements to Support Healthcare in Matrouh, Port Said Governates

Minister of Petroleum and Mineral Resources Tarek El Molla and Khaled Abdel Ghaffar, Minister of Health and Population, have witnessed the signing of two corporate social responsibility agreements, which demonstrate the petroleum sector's significant role in supporting healthcare in the Matrouh and Port Said governorates in cooperation with Italian energy giant Eni.

Mining

Egypt, Italy Deepen Energy, Mining Ties

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Adolfo Urso, Minister of Enterprises and of the Made in Italy, who is currently visiting Cairo at the head of a large delegation of leaders of Italian institutions, organizations and companies.

Falcon Oil and Gas Announces Gas Sales Agreement with Northern Territory Government

Falcon Oil and Gas Ltd. has announced that the Beetaloo Joint Venture (BJV) has signed a binding agreement for a long-term Gas Sales Agreement (GSA) with the Northern Territory Government.

Enagas Reports 20% Increase in Q1 Net Profits in 2024

Spanish gas grid operator Enagas has announced its first quarter results of 2024, recording net profit of €65.3 million ($69.56 million), a 20% rise from €54.6 million reported in the same period last year.

Egypt

Madbouly, UAE Officials Talk Initial Agreement with Borouge Company

Prime Minister Mostafa Madbouly has met with Mohammed Saeed Al Dhanhani, Director of the Fujairah Emiri Diwan in the United Arab Emirates (UAE) to review future expansion plans in the Egyptian market in the field of oil and gas.

Egypt

Egypt, UAE Discuss Cooperation in Petroleum Trade, Storage

Minister of Petroleum and Mineral Resources Tarek El Molla has met with Mohammed Saeed Al Dhanhani, Director of the Fujairah Emiri Diwan in the United Arab Emirates (UAE), and the accompanying delegation.

Galp Energia Discovers Potential 10B Barrels of Oil in Namibian Field

Portuguese oil company Galp Energia has completed the initial exploration phase in the Mopane field off Namibia's coast, revealing promising estimates of up to 10 billion barrels of oil.

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