Egypt finalises 12 gas exploration agreements: Petroleum Minister
Country’s arrears to foreign oil companies down to $850m in June, despite…
BP Egypt confirms successful well test at Bashrush discovery
The test was the latest activity in the ongoing appraisal programme at…
Oil prices slip amid multiple headwinds
West Texas Intermediate for September delivery settled at $41.07 a barrel, while…
US crude oil production increases last week: EIA
US crude oil imports and exports both increased during the week ending…
Oil prices climb amid demand hopes
Meanwhile, Brent crude oil for September delivery advanced 1.04 dollars to close…
Schneider Electric Inks $290m deal to optimize Egypt’s electricity network
Egyptian Electricity Holding Company signed an agreement with Schneider Electric to build…
Global oil demand to record historic growth in 2021: OPEC
While oil demand is still ravaged by COVID-19 crisis, gradual stabilization is…
Egyptian consortium competes in transmission line tenders in Morocco
Several tenders already won by consortium in cooperation with local authorities, says…
ABB, Hitachi launch $10bn joint power venture
New company to develop energy networks to meet growing demand for, and…
Petroleum Minister announces new gold discovery of 1m ounces reserve
The reserve, which has a 95% recovery rate, has one of the…
