50.24$US/1 Barrel
58.80$US/1 Barrel
54.20$US/1 Barrel
71.00$US/1 Barrel
75.61$US/1 Barrel
75.71$US/1 Barrel
77.66$US/1 Barrel
70.34$US/1 Barrel
70.24$US/1 Barrel
68.44$US/1 Barrel
50.83$US/1 Barrel
56.48$US/1 Barrel
55.28$US/1 Barrel
61.48$US/1 Barrel
59.82$US/1 Barrel
60.50$US/1 Barrel
62.00$US/1 Barrel
56.75$US/1 Barrel
61.75$US/1 Barrel
63.25$US/1 Barrel
485.00$US/MT
378.00$US/MT
705.00$US/MT
585.00$US/MT
508.00$US/MT
465.50$US/MT
368.00$US/MT
395.25$US/MT
678.00$US/MT
774.75$US/MT
SEATTLE (Oil Monster): Plans to increase natural gas production from the area were discussed by Egyptian officials and the top executives of Harbour Energy, the country's largest independent oil and gas business.
The discussions took place on the fringes of the CERAWeek 2025 Energy Conference in Houston between Linda Cook, CEO of Harbour Energy, and Karim Badawi, Egypt's Minister of Petroleum and Mineral Resources.
Ways to improve collaboration between the two sides in the areas of exploration and research were among the subjects of discussion. There was also discussion of the company's aspirations to increase natural gas output from its concession regions in Egypt.
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The two parties assessed Harbour Energy's recent successful drilling operations in the Mediterranean, which were carried out in collaboration with bp, north of Alexandria. The Raven field in the Mediterranean Sea has successfully developed and seen a rise in gas output as a result of the partnership with BP.
Significant production cost reductions will result from speeding up the development of new discoveries and connecting them to existing facilities as soon as possible.
Linda mentioned that the business would like to increase its interests in Egypt. Badawi, meanwhile, commended the government's strategic partnership with foreign entities, such as Harbour Energy.