Oil prices are expected to average around $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 Med...
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 ways to boost tourism an...
Africa Energy Investment Corporation (AEICORP) and the African Export Development Bank succeeded in reaching a preliminary agreement to increase petroleum investments in Africa, Minister of Petroleum and Mineral Resou...
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, according to a press release. The c...
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 Excell...
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, ...
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, according to Reuters. This pre...
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 discus...
Italian multinational oilfield services company, Saipem, will restart drilling activities of the Scarabeo 8 in the Norwegian waters following the postponement of activities due to the COVID-19 pandemic, according to a...
The Bureau of Ocean Energy Management (BOEM) set to offer 78.8 million Acres in Lease Sale 256 scheduled for November, offering 14,755 unleased blocks that pertain to the Gulf of Mexico, according to a press release. ...