all available information about oil wealth
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A Canadian company lures the Egyptian oil sector with a “fake” project.. What’s the story?
A Canadian company is seeking to convince the Egyptian oil sector of its technical solutions to reduce emissions from crude transport operations, through a project aimed at converting liquid oil into solid. In this context, Minister of Petroleum and Mineral Resources Tarek El-Molla and Minister of Environment Yasmine Fouad held a meeting via visual communication…
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Canadian oil prices rose after 320,000 barrels per day of production stopped
Canadian oil prices witnessed a significant increase, after the production of about 320 thousand barrels per day, or 3.7% of the country’s production, was halted due to the ongoing forest fires in Alberta 5 days ago. The fires also restricted natural gas processing operations to approximately 450,000 cubic feet per day, according to information seen…
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The largest corruption case in the Algerian energy sector pushes Sonatrach to new rules
The largest corruption case in the Algerian energy sector prompted the Sonatrach group to define its plan to combat manifestations of corruption practices and bribery transactions, phenomena that toppled several officials in this sector, including ministers, general managers, and others, whose cases are still being discussed in the corridors of the courts. In order to…
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Disclosure of the start date of oil and gas exploration in Lebanon
Oil and gas exploration operations in Lebanon are awaiting the results of drilling an exploratory well in the North Sea, which is being carried out by Transocean. Exploration operations are expected to start off the coast of Lebanon next September, in a step that may pave the way for placing Beirut on the map of…
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Officially.. Aramco’s business results in the first quarter of 2023 record profits of $31.8 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to the experts’ forecast of $31.2 billion. Although it; Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net income of…
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Aramco’s business results in the first quarter of 2023 record profits of $31.88 billion
Saudi Aramco’s business results in the first quarter of 2023 matched the expectations of many analysts, recording a net profit of $31.88 billion, close to experts’ expectations, which it set at $31.2 billion. Despite this, Aramco’s profits declined by 19.25%, compared to the same period last year, when the Saudi oil giant recorded a net…
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Crude oil prices rise by more than 2.5%… and Brent exceeds $77 – (Update)
Crude oil prices rose by more than 2.5%, at the end of trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses incurred during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3…
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Crude oil prices are rising… and Brent is near $76
Crude oil prices rose, during trading today, Monday, May 8 (2023), for the second session in a row, in an attempt to reduce the losses they suffered during the past week. This comes after easing fears of a recession in the US, which led to prices falling for 3 consecutive weeks for the first time…
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Saudi oil revenues in the first quarter of 2023 recorded $46.6 billion
Saudi oil revenues in the first quarter of 2023 were affected by the decline in crude prices, as they recorded a decrease of about 3% compared to the same period of 2022. Official data revealed that Saudi Arabia’s income from oil revenues in the period from January to the end of March (2023) recorded 178.6…
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Saudi oil revenues in the first quarter of 2023 recorded $46.6 billion
Saudi oil revenues in the first quarter of 2023 were affected by the decline in crude prices, as they recorded a decrease of about 3% compared to the same period of 2022. Official data revealed that Saudi Arabia’s income from oil revenues in the period from January to the end of March (2023) recorded 178.6…