- 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%
Morgan field
Dragon Oil to Use AI to Boost Egypt's Oil Production
Fareed Alhashmi, the CEO of Dragon Oil in Egypt and Iraq, has announced that his company started to study developing Morgan and Badri fields by using artificial intelligence (AI) technology.
E&P
CNOOC Makes Progress in Wushi Appraisal well in Beibu Gulf in China
CNOOC has achieved a high yield well in Beibu Gulf producing over 1,000 cubic meters of oil equivalent per day. the first well of such productivity in Wushi Sag.
Egypt
Egypt, Eni Reach Agreement to Intensify Research, Exploration
Minister of Petroleum and Mineral Resources Karim Badawi has held a joint discussion session in New Alamein City with Martina Opizzi, Head of North Africa and Levant Region at Eni.
Increase oil and gas production
Minister Badawi Outlines Efforts to Boost Petroleum Production and Settle Arrears
Prime Minister Mostafa Madbouly has met with the Minister of Petroleum and Mineral Resources Karim Badawi to review several important topics related to the petroleum sector.
cooperation
Ganope, NERA Enter Agreement for Oil Exploration, Wind Energy Production
South Valley Egyptian Petroleum Holdibg Company (Ganope) and the New and Renewable Energy Authority (NERA) have signed a cooperation protocol aims to coordinate work on oil exploration and generating electricity from wind power in Sohag and Aswan.
Inspection
EGPC Chairman Leads Inspection Tour of Mostorod Petroleum Region
Egyptian General Petroleum Corporation (EGPC) Chairman Alaa El Batal has conducted an inspection tour of the petroleum geographical region in Mostorod, which included the Cairo Oil Refining Company (CORC) and Petroleum Pipelines Company (PPC).
Australia exploration permits
Australia Announces New Offshore Gas Exploration Permits to Secure Domestic Gas
Australia has unveiled plans to issue new offshore gas exploration permits for its east and west coast markets, aimed at securing long-term gas supply as the country accelerates its shift away from coal-fired power stations.
Fuel
MoPMR Successfully Provides the Required Fuels for Electricity Stations
The Ministry of Petroleum and Mineral Resources (MoPMR) has announced that it succeeded in meeting the needs of fuel for power stations of all types, aligned with a plan of the government to stop electricity load shedding as of July 21.
