USA | Egypt Oil & Gas

Jay Hooley To Become ExxonMobil’s Lead Director as Ken Frazier Retires

ExxonMobil’s Board of Directors announced Ken Frazier’s decision not to stand for re-election to the board.

Saudi Arabia to Sell 600,000 bbl/d of Crude to US

Saudi Arabia determined 600,000 barrels of its crude oil to be sold to USA daily in April 2020 to be the highest amount during a year.

El Molla Highlights Egypt’s Petroleum Industry in Ministerial Panel

The Minister of Petroleum and Mineral Resources, Tarek El Molla, has showcased the situation of the petroleum and natural gas industry in Egypt during his participation in the ministerial panel that took place in ...

East Med Seven Seek Energy Cooperation

Energy ministers declared to increase cooperation to develop the region’s gas reserves following the East Mediterranean Gas Forum (EMGF) in Cairo.

El Sisi Meets US Energy Minister to Bolster Cooperation

President Abdel Fattah El Sisi met with the US Energy Secretary Rick Perry to discuss US investments in the area of exploration and production (E&P) and petrochemicals in Egypt.

Mubadala Sells Cepsa’s Stakes to Carlyle

Abu Dhabi’s Mubadala has agreed to sell a 30-40% stake in Cepsa to the US-based global investment firm, Carlyle Group.

WTI Reaches $75 for First Time Since 2014

West Texas Intermediate (WTI) crude reached $75 a barrel on July 3, but quickly dropped to settle at just 0.3% higher, after the American Petroleum Institute (API) announced that US crude inventories fell by 4.51 ...

Kuwait Raises Output by 85,000 bpd

Kuwait started raising its oil output by 85,000 barrels per day (b/d) from July 1, in accordance with the recent agreement between OPEC and non-OPEC producers to increase production by 1 million b/d.

Saudi Arabia to Curb Oil Exports in August, Reducing Shipments to US

Saudi Arabia will limit its oil exports in August by more than 600,000 b/d to satisfy the growing domestic demands while committing to the OPEC’s agreement to curb production.

Egypt Inks Exploration Agreements with Mediterra, IPR

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, has signed two agreements that grant Cyprus’ subsidiary Mediterra and US IPR oil and gas company exploration rights in Upper Egypt.

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