• Crude Oil (WTI) 103.61 USD/bbl -5.40%
  • Crude Oil (Brent) 109.04 USD/bbl -4.89%
  • NYMEX Natural Gas 6.71 USD/MMBtu -1.44%
  • OPEC Basket Price 115.97 USD/bbl +2.58

ExxonMobil Enters Deal to Join Qatar's Mega-LNG Expansion Project

Following agreements with TotalEnergies, Eni, and ConocoPhillips, Qatar Energy announced on Tuesday that it had signed a contract with ExxonMobil for the Gulf state's North Field East expansion. North Field East is the world's largest liquefied natural gas project.


Shell Shows Commitment to Ramp Up Exploration, Discovery Operations in Egypt

During a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Cederic Cremers, Shell’s Executive Vice President, LNG East, stated that Shell is committed to ramping up its exploration and discovery projects in Egypt after conducting seismic surveys on its sites.


Eni CEO, Bahrain PM Discuss Gas Production, Energy Transition

Eni CEO Claudio Descalzi and Bahraini Prime Minister Salman bin Hamad Al Khalifa met today to discuss the progress of Eni's activities in Bahrain, which are presently focused on gas production and carbon capture, energy transition, and circular economy.


ExxonMobil Focuses on Higher-Value Lubricants, Cleaner Fuels for Singapore Project

 As part of its Singapore Resid Upgrade Project and as demand for cleaner fuels and distillates are growing, ExxonMobil will upgrade its residual production into higher-value lubricant base stocks and cleaner fuels.


Equinor Wants UK Funding For 1.2 GW Low-Carbon Hydrogen Plant

In an effort to further reduce carbon emissions in northeast England, Norway's Equinor has submitted a funding bid for the construction of a second major low-carbon hydrogen production plant, the company announced on Wednesday.


Dragon Oil Appoints Badria Khalfan As Country Manager In Egypt

Dragon Oil has appointed Badria Khalfan to become the company's new Country Manager in Egypt.


ACWA Power Eyes Hydrogen Production Project in Egypt

The Chairman of Acwa Power company, Mohammed Abunayyan announced his company’s desire to transfer its expertise in hydorgen production to Egypt especially after having a huge infrastructure thanks to the great newly established projects in this field.



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