- 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%
Egypt
Egypt Strengthens Energy Ties in London, Reinforces Hub Strategy
As part of efforts to enhance Egypt’s role as a regional energy hub, Minister of Petroleum and Mineral Resources, Karim Badawi, participated in the ‘Future of Energy Security Summit’ in London, where he was invited by the International Energy Agency (IEA) and the UK Government. On the sidelines of the summit, Badawi met with a number of international energy leaders.
Revenues
SLB’s Revenues Records $8.5 B in Q1 2025
SLB announced the financial results of Q1 2025, showing that its revenues recorded $8.49 billion compared to $8.7 billion during the same period in 2024, the company said in a statement.
field's development
Iran to Develop 50 Gas Fields to Increase Production by 500 MMCM/D
The Acting Head of Engineering and Development at the National Iranian Oil Company Reza Aqebati announced that they will allocate $41 billion of investment packages to develop 50 natural gas fields, among them 35 projects aimed to increase gas production capacity by 500 million cubic meters per day (mmcm/d).
Egypt
Arab Countries Forge Hydrogen Alliance at OAPEC Seminar in Egypt
The First Undersecretary and Supervisor for Health, Occupational Safety and Environment (HSE), Energy Efficiency, and Climate Affairs at the Ministry of Petroleum and Mineral Resources, Alaa El Batal, has inaugurated the third seminar of the Organization of Arab Petroleum Exporting Countries (OPAEC) at ENPPI headquarters in Cairo, discussing current and future developments in the hydrogen field and its contribution to building a low-carbon future.
HSE
EGPC, Baker Hughes to Partner Bolster Safety and Sustainability in Oil Sector
In a significant move to enhance safety and environmental stewardship within the Egyptian petroleum sector, the Egyptian General Petroleum Corporation (EGPC) has inked a memorandum of understanding (MoU) with global energy technology company Baker Hughes. The MoU, signed by EGPC Chairman Salah Abdel Kerim and Baker Hughes Egypt General Manager Amro Ismail, will see the development of an integrated governance framework for health, occupational safety, and environmental protection (HSE).
Baker Hughes
Baker Hughes Revenues Amount to $6.4 B in Q1 2025
Baker Hughes announced its financial results for the Q1 2025 noting that it has achieved revenues worth $6.427 billion compared to $4.18 year-on-year (YoY).
MoPMR
MoPMR Launches Energy Capacity Building with EU, EBRD Support
The Ministry of Petroleum and Mineral Resources (MoPMR) launched an integrated program for building human capacities in this vital field of energy efficiency, in cooperation with the European Union (EU) and the European Bank for Reconstruction and Development (EBRD).
Inspection
PMS CEO Oversees Offshore Jacket Installation to Expedite WEB Field Production Phase
As part of the Ministry of Petroleum and Mineral Resources’ strategy to conduct on-site monitoring of work and production sites, the CEO of Petroleum Marine Services (PMS), Amr Badawy, conducted a field visit to the company’s marine unit, PMS 12, at the West El Burullus (WEB) Offshore Gas Field Development Project in Idku.
