Thursday 23 Jan

oil

Local oil companies, Saudi Al-Qahtani Group sign agreements
2025/01/14

Local oil companies, Saudi Al-Qahtani Group sign agreements

Minister of Petroleum and Mineral Resources, Engineer Karim Badawy, witnessed the signing of two framework agreements for cooperation between the Saudi company Abdel Hadi Al-Qahtani...

BP drilling success at Riffan, expands Med exploration
2025/01/12

BP drilling success at Riffan, expands Med exploration

The Egyptian Ministry of Petroleum and Mineral Resources announced that BP has successfully completed drilling and well completion operations for two additional wells at the...

Trump attacks Britain over new energy profits tax
2025/01/05

Trump attacks Britain over new energy profits tax

US President-elect Donald Trump criticized the UK's windfall tax on oil and gas producers in a social media post on Friday, adding to criticism launched...

Oil prices edge up, Brent crude at $74.69
2025/01/01

Oil prices edge up, Brent crude at $74.69

Oil prices edged higher Tuesdau but are poised to close out their second consecutive year of decline. This decline is attributed to a slowdown in...

Saudi Arabia seeks to revitalize OAPEC for stronger Arab energy ties
2024/12/29

Saudi Arabia seeks to revitalize OAPEC for stronger Arab energy ties

The 113th ministerial meeting of the Organization of Arab Petroleum Exporting Countries (OAPEC), held in Kuwait on Friday, approved a Saudi proposal to restructure the...

Cairon discusses expanding oil and gas operations in Egypt
2024/12/19

Cairon discusses expanding oil and gas operations in Egypt

Minister of Petroleum and Mineral Resources Engineer Karim Badawy received Alan Lynn, CEO of Cairon Energy, to discuss the company's activities in Egypt and its...

Oil prices rise; Brent crude $74.02 per barrel
2024/12/19

Oil prices rise; Brent crude $74.02 per barrel

Oil prices climbed on Wednesday, buoyed by a decline in U.S. crude stockpiles and investor anticipation of a potential Federal Reserve interest rate cut. This...

Gulf oil prices surge amid ME supply shortages
2024/12/18

Gulf oil prices surge amid ME supply shortages

Middle Eastern oil markets are witnessing a decline in supply amid the UAE's intention to reduce its crude oil sales and the stumbling of Iranian...