Oil | Egypt Oil & Gas - Part 9
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 cooperati...
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, Equinor told Reuters. The two companies want to boost future production f...
OPEC+ Commits to Modest Production Increase Despite Western Pressure
OPEC+ group decided to stick to its agreed plan to ramp up oil production only by 432,000 barrels per day (bbl/d) in May, ignoring Western pressure to significantly boost production Al Sharq reported. In a statement ...
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, the country’s Natural Resources Minister Jonathan Wilkinson told...
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 Russia said that it may have faced storm damage, according to Reuters. However, Chevr...
Shell to Dedicate Profits from Russian Oil Trade to Fund Ukraine Humanitarian Aid
Shell announced that the profits that it made from any Russian oil it purchased will be contributed to funding humanitarian aid to Ukraine, Reuters reported. In the report, Shell also said it would avoid buying Russia...
Neptune Energy Egypt Managing Director Passes Away
It is with profound shock and sadness that we announce the death of Neptune Energy Egypt’s Mohamed Mounes Shahat who passed away today, 17 February 2022. Mounes was highly respected both at Neptune and across th...
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, according to a...
