- 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%
Egypt Discusses Carbon Removal Strategies with SLB
Minister of Petroleum and Mineral Resources Tarek El Molla and CEO of SLB Olivier Le Peuch have held a meeting on the sidelines of COP 28 in the UAE, which focused on climate change and sustainable energy solutions.
Panel Discussion
El Molla: Egypt to Finalize Internal Regulations for Methane Reduction by 2024
Minister of Petroleum and Mineral Resources Tarek El Molla has stated that Egypt is working on developing internal regulations related to methane gas emissions in the oil and gas sector by the end of 2024.
Baker Hughes
Petroleum Minister Reviews Progress of Baker Hughes’ Projects in Egypt
On the sidelines of COP28, Minister of Petroleum and Mineral Resources Tarek El Molla has held talks with the CEO of Baker Hughes Lorenzo Simonelli to discuss the latest developments of the company’s projects in Egypt and the East Mediterranean as well as ways to boost energy investments in Egypt.
Egypt, Cyprus Explore Bilateral Cooperation in Energy Security, Climate Action at COP 28
Minister of Petroleum and Mineral Resources Tarek El Molla has held a meeting with Cypriot Minister of Energy, Commerce, and Industry George Papanastasiou, to discuss ways to enhance cooperation in the field of energy as well as efforts to ensure energy security while reducing emissions and removing carbon from natural gas.
ADNOC, Tabreed Operate First Geothermal District Cooling Project in Gulf Region
ADNOC and National Central Cooling Company PJSC Tabreed has announced their joint venture to commence operating G2COOL, the first district cooling project in the Gulf region to utilize geothermal energy. This plant, located in Masdar City, will play a crucial role in decarbonizing the cooling process for buildings while also diversifying the UAE's energy mix in line with the UAE National Energy Strategy 2050.
Panel Discussion
El Molla Champions Natural Gas as Bridge Fuel at COP28
Minister of Petroleum and Mineral Resources Tarek El Molla has participated in a panel discussion titled “East Med Gas Forum: Leveraging Decarbonization Efforts in East Med Gas Supplies”, organized by the Greek Ministry of Energy in the Blue Zone at COP28.
Eni Secures €3b Sustainability-Linked Credit Line
Eni has announced that it had signed a five-year sustainability-linked revolving credit line worth €3 billion.
TotalEnergies Donates $25M to GFMR Trust Fund at COP28
At COP28 in Dubai, TotalEnergies announced a donation of $25 million over the span of 2024–2030 to the Global Flaring and Methane Reduction (GFMR) Trust Fund.
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Interview with Mohammed El Fazary , Managing Director of Nautilus Mineral Resources
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Exclusive interview with Tonno Vahk, CEO of Aton Resources
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Interview with Tamer Abubakr, Chairman & CEO of Quill Energy during Egypt Energy Forum
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Mining strategic advice from Patrick Barnes, Head of Metals & Mining Consulting, Wood Mackenzie
