- Crude Oil (WTI) 88.60 USD/bbl -0.37%
- Crude Oil (Brent) 95.76 USD/bbl -0.27%
- NYMEX Natural Gas 3.23 USD/MMBtu -3.29%
- OPEC Basket Price 87.79 USD/bbl 1.16%
bidding
Egypt Opens Bidding for Three Hydrocarbon Exploration Blocks
Egypt’s state-owned South Valley Egyptian Petroleum Holding Company (Ganope) has opened three oil and gas exploration blocks for bidding, according to an announcement published by the Egypt Upstream Gateway (EUG) on November 12.
Taqa Arabia
TAQA Arabia’s Consolidated Profits Soar 65% YoY in 9M 2026
Egypt-listed energy and utility provider TAQA Arabia reported a 65% year-on-year (YoY) surge in net consolidated profit after tax during the first nine months (9M) of 2026, reaching EGP 1.15 Bn, according to unaudited financial results published by the Egyptian Exchange (EGX).
EGPC
Halliburton Plans 50-Well Drilling Program in Egypt
The Egyptian General Petroleum Corporation (EGPC) and US energy technology and services company Halliburton have signed a cooperation agreement to conduct studies for a proposed program to drill 50 wells over 18 months in areas operated by the General Petroleum Company (GPC). The program aims to increase Egypt's domestic oil and gas production by applying advanced horizontal drilling and multistage hydraulic fracturing technologies to unlock resources that have been difficult or uneconomical to develop using conventional methods, according to petroleum ministry's statement.
TPAO
NOC Holds First Technical Meeting with Repsol-Led Consortium on Libya’s Block 22
Libya’s NOC discusses exploration plans with a Repsol-led consortium for offshore Block 22, including seismic surveys scheduled to begin in Q2 2027.
Agreement
ExxonMobil Evaluates Seven Areas for Potential Oil and Gas Projects in Venezuela
US energy major ExxonMobil is assessing seven areas in Venezuela for potential oil and gas development under a preliminary agreement with the Venezuelan government and state-owned Petróleos de Venezuela (PDVSA), as it considers a return to the country nearly two decades after its assets were nationalised. According to Reuters, the areas include undeveloped fields, mature producing assets and an exploration block, with discussions centred on heavy oil opportunities in the Orinoco Belt, Venezuela's largest oil-producing region.
drilling
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.
meeting
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, President of AngloGold Ashanti Egypt and Sukari Gold Mines Board Member, 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.
