oil and gas sector
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House of Representatives Praise MoP Efforts in COVID-19
Thursday, 24th December 2020
Egypt did not witness any shortages in petroleum products during the pandemic thanks to the plans and strategies of the Ministry of Petroleum and Mineral Resources (MoP), the Head of Energy and Environment Committee, Talaat El Sewedy, stated.
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Omani Oil, Gas Industry Expected to Grow 14% in 7 Years
Tuesday, 22nd September 2020
Following a new report from the CMFE Insights Research Foundation, the Sultanate of Oman’s oil and gas sector is expected to grow at a compound rate of 14% between the years 2020 to 2027.
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Eni Inks MoU to Reinforce Collaboration in Bahrain’s Energy Sector
Wednesday, 5th February 2020
The Minister for Oil of the Kingdom of Bahrain and Chairman of Tatweer Petroleum, Mohamed bin Khalifa bin Ahmed Al Khalifa, and Eni’s CEO, Claudio Descalzi, signed a Memorandum of Understanding (MoU) seeking to enhance collaboration in the energy sector in the Arab country.
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ADNOC Announces New Natural Gas Discovery In UAE
Wednesday, 5th February 2020
Abu Dhabi National Oil Company (ADNOC) announced a new discovery of 80 trillion standard of cubic feet (TSCF) of shallow gas in the area between Saih Al Sidirah in Abu Dhabi and Jebel Ali in Dubai of UAE.
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ARAmMCO Urges More Cooperation on Energy Sector Cybersecurity
Wednesday, 5th February 2020
The forum, which is held under the patronage of the Custodian of the Two Holy Mosques King Salman, discussed the threat of cyber-terrorism to governments, businesses, and individuals and offered a chance for concerned parties to share their views on creating greater cyber resilience, capacity and management of the increasing threat.
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Cabinet Approves El Molla New Restructuring Plan
Wednesday, 29th January 2020
A new restructuring plan for the petroleum sector was approved by Prime Minister Moustafa Madbouly.
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Egypt, ExxonMobil Ink Two Agreements Worth $332 MM
Tuesday, 28th January 2020
The Minister of Petroleum and Mineral Resources, Tarek El Molla, signed two agreements with ExxonMobil, for exploration and production (E&P) activities of natural gas at the Mediterranean.
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El Molla: EGYPS to discuss Oil, Gas Industry’s Accomplishments
Monday, 27th January 2020
EGYPS 2020 is going to discuss several topics related to the transformation of Egypt into a regional energy hub, the development of the exploration and production (E&P) activities, as well as refining and marketing activities. Moreover, the conference will discuss as well the health, safety, and environment (HSE) activities, the role of women in the sector, and empowering youth to prepare them to be the next generation of leaders.
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SDX Expects Production to Exceed 68-74% in 2020
Thursday, 23rd January 2020
SDX Energy, the Middle East and North Africa (MENA)-focused oil and gas company, announced that it expects its production to reach 6,750 -7,000 barrels of oil equivalent per day (boe/d) in 2020.
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EGAS: The Pipeline Rupture in Alexandria is repaired
Thursday, 23rd January 2020
The Egyptian Natural Gas Holding Company (EGAS) clarified that the rupture occurred at the pipeline of Mahmoudia/Moharram Bek in Alexandria has been repaired.
Latest News
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Egypt Plans to Achieve Diversity in Clean Energy Resources by 2025: El Molla
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GUPCO to Invest $562 MM in FY 2020/21
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El Molla reviews plan of Natural Gas Delivery to 1.2 MM Households
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Egypt Launches First Natural Gas Stations App
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 60.81 | -0.77% |
Crude Oil (Brent) Brent | USD/bbl | 63.72 | -0.55% |
NYMEX Natural Gas | USD/MMBtu | 2.80 | -0.46% |
OPEC Basket Price | USD/bbl | 61.97 | -3.53% |
Last Modified March 4, 2021