COVID-19 | Egypt Oil & Gas - Part 2

El Molla Expects Oil Prices to Average Around $50/bbl in 2021

Oil prices are expected to remain at $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Medi ...

Petroleum, Tourism, Aviation Ministries Discuss Ways to Boost Tourism Sector

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has met with the Minister of Tourism and Antiquities, Khaled Al-Anani and Minister of Civil Aviation, Mohamed Manar, to discuss how to support touri ...

Egypt-led Agreement to Increase Petroleum Investments in Africa

Under the auspices of the Ministry of Petroleum and Mineral Resources, Africa Energy Investment Corporation (AEICORP) and the African Export Development Bank succeeded in reaching a preliminary agreement to increa ...

Aramco Maintains $18.75 B Dividends for Q3

Saudi Aramco, the world’s largest oil-producing company, has released its financial results for Q3 2020 with the company pledging to maintain its dividend payment of $18.75 billion.

Halliburton Holds Breast Cancer Awareness Seminar

Halliburton had held its annual Breast Cancer Awareness event entitled “Early Detection Awareness Seminar” on October 21 at the company’s premises in Al Katameya, in cooperation with Halliburton’s Women Sharing Ex ...

MoP, EOG-CSR Offer Second Batch of Anti-Coronavirus Aid Supply to Medical Community

The Ministry of Petroleum and Mineral Resources, and Egypt Oil & Gas (EOG) Technical Committee through its Corporate Social Responsibility (CSR) subcommittee have sent the second batch of medical equipment today, ...

Novak: 2020 Oil Demand Could Fall by 10 mmbbl/d

Russia’s Energy Minister, Alexander Novak, has predicted that global oil demand could fall by 9-10 million barrels per day (mmbbl/d) this year due to the impact of the COVID-19 pandemic.

El Molla Participates in WEF’s Energy Work Group

Tarek El Molla, Minister of Petroleum and Mineral Resources, participated in the World Economic Forum’s (WEF) fifth meeting of the Regional Energy Work Group in the Middle East and North Africa (MENA) region to di ...

Saipem to Resume Drilling of Scarabeo 8

Italian multinational oilfield services company Saipem will restart drilling activities in Norwegian waters following the postponement of activities due to the COVID-19 pandemic.

BOEM to Offer 78.8 MM Acres in Oil, Gas Lease Sale

The Bureau of Ocean Energy Management (BOEM) set to offer 78.8 million Acres in Lease Sale 256 scheduled for November 2020.

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