- Crude Oil (WTI) 86.85 USD/bbl 0.46%
- Crude Oil (Brent) 93.26 USD/bbl 1.08%
- NYMEX Natural Gas 3.24 USD/MMBtu -1.82%
- OPEC Basket Price 86.02 USD/bbl -6.22%
offshore
Halliburton Launches New Technology for Offshore Well Abandonment
Halliburton,the American energy technology and services company, has launched its new IntelliTTCE™ service, designed to help offshore oil and gas operators assess well integrity and plan plug and abandonment (P&A) operations without first removing production tubing.
Eastern Desert
MRMIA Holds Talks with AngloGold Ashanti on Expanding Mining Investment
Amro Ismail Elsharkawi, Chairman of the Mineral Resources and Mining Industries Authority (MRMIA), met with Hoda Mansour,Vice Chairman of AngloGold Ashanti Egypt and Managing Director of Sukari Gold Mine, to discuss ways to strengthen cooperation and support investment in Egypt’s mining sector. AngloGold Ashanti, one of the world's leading gold mining corporations, holds a 50% stake in Egypt's largest gold mine Sukari , while the MRMIA owns the remaining 50% . It also has ongoing expansion in exploration and prospecting ventures across new territories in the Eastern Desert..
Eni
Eni Pledges £11 Bn Investment in UK Energy Sector Through 2030
Eni has pledged to invest approximately £11 Bn in the UK between 2026 and 2030, with around two thirds of the funding allocated to lower-carbon sectors, according to a statement by the Italian energy company.
OPEC
OPEC Forecasts Global Oil Demand to Grow by 2.6 Mmbbl/d in 2027
The Organization of the Petroleum Exporting Countries (OPEC) is expecting global oil demand to increase by 2.6 million barrels per day mmbbl/d in 2027, unchanged from its previous assessment, while forecasting modest growth of 200,000 barrels per day (bbl/d) in 2026, according to its November Monthly Oil Market Report (MOMR).
Abu Madi area
PMS Reviews Offshore Gas Pipeline Protection Project in Abu Madi
Petroleum Marine Services (PMS) is advancing the fourth phase of a 24-inch offshore gas pipeline coastal protection project in the Abu Madi area, operated by Belayim Petroleum Company (Petrobel), as part of efforts to protect offshore infrastructure and maintain the continuity of natural gas flows.
wind energy
Saudi Arabia, Türkiye Sign Agreement to Develop 3,000 MW of Wind Power Capacity
Saudi Arabia and Türkiye have agreed to develop 3,000 MW of wind power capacity, bringing their joint planned renewable energy projects in Türkiye to 5,000 MW.
mining sector
MRMIA Holds Talks with AKH Gold, EBDAA, ANKH Resources on Eastern Desert Exploration
Amro Ismail Elsharkawi, Chairman of Egypt’s Mineral Resources and Mining Industries Authority (MRMIA) discussed expanding investments and advancing gold exploration activities in Egypt's Eastern Desert with AKH Gold, EBDAA Gold Mines and ANKH Resources.
UAE
UAE Offers to Sell 1.87 Mn Barrels of Saudi Crude from Damaged Tanker
The United Arab Emirates (UAE) has offered to sell up to 1.87 million barrels of Saudi Arab Light crude recovered from a damaged supertanker off its coast, Reuters reports. The crude was aboard the Gem No. 2, a supertanker struck by an unidentified projectile off the UAE coast last month, resulting in an oil leak. The UAE's Energy Ministry offered the cargo for loading through a ship-to-ship transfer between November 10 and 20.
