bp’s Profits Reach $5B in Q1 2023, Shares Decline
bp made $5 billion profit in the first quarter of 2023 while the company’s shares fell as it slowed a share buyback program.
Oil | Egypt Oil & Gas - Part 4
El Molla Emphasizes Necessity of Increasing Crude Oil Production
Minister of Petroleum and Mineral Resources Tarek El Molla has stressed the importance of meetings that discuss ways of developing and increasing crude oil production and their role in enhancing coordination all r ...
IEA’s Birol Warns of Tight Global Oil Market in H2 2023
The surprising announcement of OPEC+ to implement voluntary production cuts of 1.66 million barrels per day from May until the end of the year could cause tightness in the second half of this year, according to Fa ...
Chevron’s Anchor Platform to Give Much-Needed Production Boost
Chevron announced that the Anchor semi-submersible oil platform, part of the company’s U.S. Gulf of Mexico offshore project, is near completion.
Oil Prices Surge as OPEC+ Suprises Markets with Production Cuts
After the Organization of the Petroleum Exporting Countries and their allies including Russia (OPEC+) shocked the markets by announcing further production cuts of about 1.16 million barrels per day, oil prices inc ...
Iraq Calls on Turkey to Resume Oil Exports After KRG Deal
Following a deal between Iraq’s federal government and the Kurdistan Regional Government (KRG), northern oil exports through Ceyhan are planned to resume and Baghdad will write to Turkey to restart pipeline flows. ...
Iraqi Oil Minister: Iraq in Final stages of Talks for $27B TotalEnergies Deal
TotalEnergies and Iraq talks to resolve sticking points in a long-delayed $27 billion energy deal "have reached advanced stages", Iraqi oil minister Hayan Abdel-Ghani said on Sunday, Reuters reported.
El Molla, Irish Ambassador Discuss Cooperation Opportunities in Energy Activities
Tarek El-Molla, Minister of Petroleum and Mineral Resources, met with Nola O'Brien, Ireland’s Ambassador in Cairo, to discuss cooperation between Egypt and Ireland in the fields of oil, gas and renewable energy, a ...
Iran’s South Pars Refinery to Come Online Soon
Iran’s South Pars Refinery should come online soon, said Mohsen Khojastehmehr in a televised interview, who added that the country's gas output capacity is anticipated to expand by 500 million cubic meters per day ...
Equinor Makes New Discovery by North Sea Troll Field
Equinor announced the seventh oil and gas discovery, since the autumn of 2019, in the North Sea close to the Troll field.
