- Crude Oil (WTI) 100.94 USD/bbl -2.19%
- Crude Oil (Brent) 114.43 USD/bbl -2.51%
- NYMEX Natural Gas 2.51 USD/MMBtu -4.92%
- OPEC Basket Price 115.09 USD/bbl 3.41%
EGPC
Egypt’s GUPCO, SLB Sign OBN Seismic Survey Deal in Gulf of Suez
Egypt’s Gulf of Suez Petroleum Company (GUPCO) has signed a contract with US-based oilfields services company SLB to conduct an ocean-bottom node (OBN) seismic survey covering 1,035 sq km in central and southern Gulf of Suez concession areas, the Ministry of Petroleum and Mineral Resources said October 25.
EBRD
Egypt, World Bank Launch Charter to Lift Mining’s GDP Share to 6%
Egypt and the World Bank Group have launched a national mining charter targeting a 6% contribution to GDP through regulatory reforms, improved geological data, and investment attraction.
Renewables
EBRD, Scatec Team Up on $221 Mn Egypt Clean Energy Platform
Scatec and the EBRD have signed a share purchase agreement to establish a renewable energy investment platform in Egypt, with up to $221 million in EBRD financing to support solar, wind, and battery storage projects.
QatarEnergy
QatarEnergy in Talks to Buy Up to 3 Million Tons of LNG From Woodside
QatarEnergy is in talks to purchase up to 3 million metric tons per year (mtpa) of liquefied natural gas (LNG) from Australia's Woodside Energy's Louisiana LNG export facility in the US under a potential long-term supply agreement, Reuters reported, citing three people familiar with the negotiations.
Peru
Cheiron Enters Peru with License for the Country’s Largest Oil Concession
Cheiron announced its entry into Peru after signing the Block 192 license, the country’s largest oil concession by reserves, according to a statement on October 24.
EGAS
Chevron Reports Positive Results at Egypt’s Nargis-2 Gas Well
Chevron and Egypt’s Ministry of Petroleum and Mineral Resources reported positive results from drilling the Nargis-2 natural gas well in the Mediterranean Sea, with drilling confirming the extension of previously discovered gas-bearing formations and identifying an additional gas-bearing layer, according to a statement by the ministry on October 24.
Eni
Eni Raises 2026 Production Growth target to 6%-7% as Projects Advance
Eni raised its 2026 hydrocarbon production growth outlook to 6%-7% after output increased 7% YoY to 1.83 million barrels of oil equivalent per day (boe/d) in Q3 2026, supported by organic growth and new project developments across several regions, according to the company’s financial results published on October 23.
Eni
Eni’s Q3 Adjusted Net Profit More Than Doubles to €2.8 Bn
Eni’s adjusted net profit attributable to shareholders more than doubled year on year (YoY) to €2.8 bn in the third quarter (Q3) of 2026, supported by higher hydrocarbon production, stronger commodity prices and improved refining margins, according to a statement by the Italian energy giant said on October 23.
