Agiba Petroleum Company, a joint operating venture between the Egyptian General Petroleum Corporation (EGPC) and Italy’s Eni, announced a new discovery with the Arcadia West field in the Western Desert, which was swift...
Global oil prices have fallen back below $70/B following US President Donald Trump’s 24 June announcement that a ceasefire agreement had been reached between Israel and Iran. The 12-day conflict had caused oil prices t...
The Egyptian Mineral Resources and Mining Industries Authority signed a Memorandum of Understanding (MoU) with El Sewedy Capital Investments. The MoU aims to establish a partnership for the exploration, exploitation, and...
Canada has shipped its first liquefied natural gas (LNG) cargo from the LNG Canada facility in Kitimat, British Columbia, and en rout to South Korea. “LNG Canada grows our leading integrated gas portfolio, providing a ...
The events of the past week will go down in history. After stating on 19 June that he would make a decision on whether to militarily intervene in the Israel-Iran conflict within two weeks (MEES, 20 June), US President Do...
www.oilfutures.co.ukDespite ongoing tensions in the Middle East, crude oil prices have remained remarkably steady. As of 09:53 GMT, WTI was priced at $65.23 and Brent at $67.02. Liquefied natural gas (LNG) was at $3.45.C...
Norwegian energy company Equinor and its joint venture partners have agreed to invest $1.29 billion to expand the Johan Sverdrup oilfield, currently the most productive oilfield in Western Europe. The expansion is aimed ...
Iraq is breathing a sigh of relief after the US-brokered ceasefire between Israel and Iran came into effect, ending 12 days of hostilities. With Iran opting to retaliate against the US military in Qatar rather than its u...
Minister of Petroleum and Mineral Resources, Karim Badawi, led an inspection tour of the remote monitoring and control system (SCADA System) used to oversee the liquified petroleum gas (LPG) distribution at Petroleum Gas...
Egypt finalized agreements needed to start the construction of the phosphoric acid production complex at Abu Tartour in the New Valley. The project aims at maximizing the added value and increasing the economic return of...
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