- 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%
green economy
SCZONE Chairman Forges Path for Green Energy Supply Chain with Dutch Partners
Chairman of the Suez Canal Economic Zone (SCZONE) Waleid Gamal El-Dein has signed a memorandum of understanding (MoU) with the Rotterdam Foundation.
Equinor Announces Swap Ownership Interests with Norwegian Petro in Norwegian Sea
Equinor has announced the implantation of extensive swaps of ownership interests with Norwegian state-owned company Petro, ensuring higher value creation and more efficient resource management in the companies’ activities on the Halten Bank in the Norwegian Sea.
Eni to Distribute Improved Cookstoves to Millions in Sub-Saharan Africa, Part of IEA Clean Cooking Summit
Eni has pledged to distribute improved cookstoves to 10 million people in sub-Saharan Africa by 2027, with a goal of reaching 20 million people by 2030 with advanced cooking solutions.
TotalEnergies to Provide 100M People Access to Clean Cooking by 2030 in Africa, India
TotalEnergies has announced its plan to provide 100 million people in Africa and India access to clean cooking by 2030, thus investing more than $400 million in the development of liquefied petroleum gas (LPG) for cooking.
Kuwait Petroleum Corporation Renews Crude Supply Deal with China’s Unipec
Kuwait Petroleum Corp (KPC) has renewed its contract to supply 300,000 barrels per day (bbl/d) of crude oil to China's Unipec, the trading arm of Asia's largest refiner Sinopec, until 2033, according to Reuters.
Egypt
Maridive & Oil Services’ Revenues Grow 82% YoY
Maridive & Oil Services has announced the financial results of the year ending on 31 December 2023, during the Board of Directors meeting held on 13 May.
ADNOC Delivers First Certified Bulk Shipment of CCS-Enabled Low-Carbon Ammonia to Mitsui in Japan
ADNOC has delivered the world's first certified bulk shipment of low-carbon ammonia enabled by carbon capture and storage (CCS) to Mitsui & Co., Ltd. (Mitsui) in Japan.
Africa
Egypt Highlights Africa's Energy Potential at WEIF 2024 in Bahrain
President of the General Federation of Egyptian Chambers of Commerce Ahmed El Wakil has stated that it is time for the African nations to focus on our intra-trade and joint investments, especially with its oil and gas resources, El Ahram Newspaper reported.
