- Crude Oil (WTI) 81.78 USD/bbl -0.86%
- Crude Oil (Brent) 88.26 USD/bbl 0.18%
- NYMEX Natural Gas 2.91 USD/MMBtu 0.00%
- OPEC Basket Price 83.39 USD/bbl -1.18%
The Minister of Petroleum and Mineral Resources Karim Badawi
MoPMR Reviews Wadico's Phosphate Production Operations in Aswan
Officials from the Ministry of Petroleum and Mineral Resources (MoPMR) conducted an inspection visit to the phosphate production sites of the New Valley Mineral Resources and Oil Shale Company (Wadico) in the El Shaghab area of Edfu, Aswan Governorate, as part of the ministry's strategy to advance Egypt's mining sector.
Risk
IEA Urges Restoration of Strait of Hormuz Oil Flows to Safeguard Energy Security
The IEA warned that prolonged disruptions to oil flows through the Strait of Hormuz could threaten global energy security, despite emergency oil stock releases and increased US production helping to ease market pressures.
Essar Discovery
Libya’s Essar Discovery Revealed Commercially Viable
Libya’s National Oil Company (NOC) confirmed that the “Essar” discovery, made by OMV Austria, is commercially viable. The announcement follows the drilling of well B1-106/4 and the completion of the company’s development plan evaluation, which verified the project’s economic feasibility.
Abrar-98 well
NORPETCO Drills First Development Well in FY 2026/27
North Bahariya Petroleum Company (NORPETCO) has completed its first development well under its fiscal year (FY) 2026/2027 drilling program, reaching the target depth four days ahead of schedule and saving an estimated $250,000. The Abrar-98 well, located in the company's Western Desert concession, reached its final depth in just nine days, compared with the planned 13 days, according to the company’s statement.
Concophilips
International Energy Companies Sign Over $60 Bn in Agreements with Iraq
Several international energy companies, including Chevron, ConocoPhillips, and bP, signed non-binding agreements and memorandums of understanding (MoU) with Iraq worth more than $60 billion to advance oil and gas development, strengthen energy infrastructure, and expand export options.
Esh El Mallaha Petroleum Company
Ganope Reviews Exploration and Production Programs at Esh El-Mallaha Fields
Samir Raslan, Chairman of the South Valley Egyptian Petroleum Holding Company (Ganope), conducted a field visit to the Esh El-Mallaha Petroleum Company's fields in the Eastern Desert to monitor progress and review execution rates for drilling and production programs. The visit featured a workshop attended by representatives from Esh El-Mallaha Petroleum Company, PetroGulf, PetroNefertiti, Magawish, and PetroAmir, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
OHSE
EGAS Assesses Sianco's Growth Strategy, Digital Upgrades
Sayed Selim, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS), visited the headquarters of the Egyptian Company for Gas Appliances Maintenance (Sianco) to review performance, recent developments in expansion and development plans, and service quality.
Australia Mining Sector
MRMIA Promotes Mining Opportunities to Australian Businesses
The Mineral Resources and Mining Industries Authority’s (MRMIA) marketing and promotion team, led by Mervat Mostafa, traveled to Perth, Western Australia, a global hub for the mining industry.
