Oil | Egypt Oil & Gas - Part 7

Egypt, Algeria Discuss Oil, Gas Partnerships

As part of his participation in the ministerial delegation headed by Prime Minister Mostafa Madbouly in the eighth session of the Egyptian-Algerian Joint Higher Committee, Minister of Petroleum and Mineral Resourc ...

Apex to Ramp Up Oil Production in Egypt’s Western Desert

In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Apex Chairman of the Board of Directors Roger Plank, Apex CEO based in Cairo Thomas Maher and their accompanying delegation discussed t ...

Egypt, Jordan Sign MoU to Collaborate in Oil, Gas, Mining, Petrochemicals

Minister of Petroleum and Mineral Resources Tarek El-Molla and his Jordanian counterpart Minister of Energy and Mineral Resources Saleh Al-Kharabsheh signed a memorandum of understanding (MoU) for bilateral  coope ...

Equinor, ExxonMobil to Expand Production in Brazil 

Equinor SA and Exxon Mobil Corp announced that they have taken the first steps to expand thier oil development in Brazil with costs $8 billion.

OPEC+ Commits to Modest Production Increase Despite Western Pressure

In a meeting that took place today, OPEC+ decided to stick to its agreed plan to ramp up oil production to 432,000 barrels of per day (bbl/d) in May, Al Sharq reported.

Canada Promises to Support Halting Russian Oil Use

Canada, the world's fourth biggest oil producer, pledges to export an additional 200,000 barrels of oil as well as 100,000 barrels of natural gas.

Chevron Examines State of Black Sea Export Terminal in Russia

US oil giant Chevron stated that it is currently in the process of assessing the state of a Black Sea port’s export terminal after Russian claims that it may have faced storm damage, according to Reuters. 

Shell to Dedicate Profits from Russian Oil Trade to Fund Ukraine Humanitarian Aid

Shell company announced that it will put profits from any Russian oil it purchases into funding humanitarian aids to Ukraine.

Neptune Energy Egypt Managing Director Passes Away

Neptune Energy Egypt Managing Director Mohamed Mounes Shahat has passed away on 17 February 2022.

EGPC, Eni Sign $1B Agreement for Oil Exploration in Gulf of Suez, Nile Delta

The Egyptian General Petroleum Corporation (EGPC) and Italian energy company Eni have signed an agreement worth at least $1 billion for oil exploration activities in the Gulf of Suez and the Nile Delta.

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