Friday 22 Nov

oil

IBR eyes production boost in Western Desert, Gulf of Suez
2024/11/20

IBR eyes production boost in Western Desert, Gulf of Suez

Petroleum and Mineral Resources Minister Engineer Karim Badawy met with a delegation from IBR Company, led by Chairman Dr. Mahmoud Dabous. The discussion centered on...

Brent crude climbs above $71 as oil prices rise slightly
2024/11/18

Brent crude climbs above $71 as oil prices rise slightly

Oil prices edged higher on Monday, but geopolitical tensions and weakening demand continue to tug the market in opposite directions. While escalating tensions between Russia...

Oil prices decline following China's disappointing stimulus plan
2024/11/11

Oil prices decline following China's disappointing stimulus plan

Oil prices dipped on Monday after China announced a stimulus package that fell short of expectations.

Chevron reinforces commitment to Egypt's energy growth
2024/11/10

Chevron reinforces commitment to Egypt's energy growth

Minister of Petroleum and Mineral Resources, Karim Badawy inspected the "Khangar 1" exploratory well in the North Dabaa offshore area of the Western Mediterranean. This...

Egypt, UAE collaborate on AI-powered oil reservoir management
2024/11/09

Egypt, UAE collaborate on AI-powered oil reservoir management

Ministry of Petroleum and Mineral Resources and Dragon Oil, a leading UAE-based oil and gas company, have signed a Memorandum of Understanding (MoU) to collaborate...

Egypt, Halliburton in talks to expand energy investments
2024/11/07

Egypt, Halliburton in talks to expand energy investments

Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, met with Jeff Miller, CEO of Halliburton, and Engineer Salah Abdel Karim, CEO of the Egyptian...

United Energy to boost oil exploration activities in Egypt
2024/11/07

United Energy to boost oil exploration activities in Egypt

Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, held a meeting with Song Yu, CEO of United Energy Group. The meeting was attended by...

European gas prices surge on oil rally, weakening winds
2024/11/05

European gas prices surge on oil rally, weakening winds

European natural gas prices surged on Monday, driven by a combination of factors including rising oil prices, subdued weather conditions, and concerns over potential supply...