• Crude Oil (WTI) 85.42 USD/bbl +0.33%
  • Crude Oil (Brent) 88.21 USD/bbl +0.36%
  • NYMEX Natural Gas 3.89 USD/MMBtu -2.65%
  • OPEC Basket Price 88.55 USD/bbl +0.06%
Baker Hughes

El Molla Confers Boosting Cooperation with Baker Hughes in Low-Carbon Projects, Energy Efficiency

Minister of Petroleum and Mineral Resources Tarek El Molla has met with a delegation from Baker Hughes to discuss how to boost cooperation especially in establishing low-carbon projects and enhancing energy efficiency utilization, a press release issued by the ministry stated.

ELAB

Egyptian Linear Alkyl Benzene Company Assigns PSM Preparations to PetroSafe

The Egyptian Linear Alkylbenzene Company (ELAB) has assigned the Petroleum Safety & Environmental Services Company (PetroSafe) with the task of making preparations to implement process safety management (PSM) and chemical process safety measures .

Egypt

Aton Drills Mineralization on North Ridge at Rodruin in Egypt's Eastern Desert

Aton has drills high-grade mineralization on its untested North Ridge at Rodruin, showing returns of 8.74 g/t gold and 29.4 g/t silver across 12 meters.

Egypt

Madbouly Follows up on COP 27 Preparations

During the seventh meeting of the Supreme Committee concerned with preparations for COP 27, Prime Minister Mostafa Madbouly announced that the national climate change strategy is scheduled to officially begin on May 19 and urged to quickly launch the COP 27 website.

production

SDX Initiates Spudding of the Fourth Well in Meseda Field

SDX Energy announced that it has started spudding MSD-24 infill development well located in the Meseda field.

Natural Gas

ADNOC to Build New LNG Plant to Expand Exports 

Abu Dhabi National Oil Co. (ADNOC) announced that it plans to build a new liquefied natural gas plant to raise its exports amid surging demand.

Egypt

Shell Acquires Egypt's Northeast Amreya Concession Area

BG Ltd., wholly owned by Shell plc, has signed an agreement with ExxonMobil Egypt (Upstream) Ltd. under which Shell will fully acquire and manage the Northeast Amriya Offshore Concession in the Nile Delta in the Mediterranean Sea, known as Zone 3, which is managed by ExxonMobil.

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