- 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%
TotalEnergies Extends FID of Papua New Guinea LNG Project to 2025
TotalEnergies has said that more efforts are needed before a final investment decision can be made regarding the planned liquefied natural gas (LNG) project in Papua New Guinea.
Petrobras Announces Oil Discovery in Ultra-Deep Waters of Potiguar Basin
Petrobras has announced an oil discovery in the ultra-deep waters of the Potiguar Basin. The discovery, located in the Anhangá exploratory well of Concession POT-M-762_R15, marks the second oil find in the Potiguar Basin in 2024. This follows the confirmation of hydrocarbons in the Pitu Oeste Well in the BM-POT-17 Concession.
ExxonMobil Reaches FID for Whiptail Development Offshore Project in Guyana
ExxonMobil has announced that it made a final investment decision (FID) for the Whiptail development offshore Guyana, marking the sixth project on the Stabroek block. This decision follows the necessary government and regulatory approvals, with expectations to increase daily capacity by approximately 250,000 barrels by the end of 2027.
Egypt
Petroleum Minister Follows Up on the Latest Developments of Natural Gas Delivery Projects
Minister of Petroleum and Mineral Resources Tarek El Molla has taken measures to review the implementation of projects to deliver natural gas to homes and the activity of supplying cars with gas during the current fiscal year 2023/2024 until the end of last March.
Minister of Petroleum
El Molla Praises the Center of Excellence for Energy Efficiency for its Profound Contributions to the Industry
Minister of Petroleum and Mineral Resources Tarek El Molla has lauded the Center of Excellence for Energy Efficiency and Operational Performance for its essential role as the first strategic entity specialized in serving the oil and gas sector as well as the energy-intensive sectors in Egypt and the African continent in promoting the transition to sustainable, low-carbon energy systems.
Egypt
Petroleum Minister Monitors Progress of New Petrochemical Projects
Minister of Petroleum and Mineral Resources Tarek El Molla has reviewed the progress of new petrochemical projects, emphasizing that the investment map for these projects took into account the addition of new green and environmentally friendly products that would increase total production, which reached more than 4.3 million tons during the last fiscal year.
