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Home » Category: ‘Business-opportunities’

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TAG Oil Drills to 4,102m, Eyes 500 mmbbls Oil Potential in Western Desert

TAG Oil Drills to 4,102m, Eyes 500 mmbbls Oil Potential in Western Desert

October 05, 2026

TAG Oil, the Canadian oil and gas exploration company, has reached the targeted Abu Roash Formation (ARF) reservoir at Badr Oil Field (BED-1) in the Western Desert after drilling its T-200 well to 4,102 meters (m). Test ...

G7 Unveils 100 mmbbl Reserve Release to Ease Energy Market Pressures

G7 Unveils 100 mmbbl Reserve Release to Ease Energy Market Pressures

October 05, 2026

The Group of Seven (G7) nations will coordinate the release of 100 million barrels (mmbbl) of diesel and other energy reserves through the International Energy Agency (IEA) to help stabilize global energy markets, Reuter...

Fire Seen Near Aramco Facility in Riyadh as Houthi Attacks Escalate

Fire Seen Near Aramco Facility in Riyadh as Houthi Attacks Escalate

October 05, 2026

A large plume of smoke and fire was seen near an Aramco facility in Riyadh on Saturday, according to a witness who spoke to Reuters, as attacks linked to Yemen’s Iran-aligned Houthis intensify. Saudi authorities had no...

Egypt Uses Oil, Gas Infrastructure to Link African Resources to Global Markets

Egypt Uses Oil, Gas Infrastructure to Link African Resources to Global Markets

October 05, 2026

Egypt is positioning its oil, gas, and mining infrastructure as a platform to connect African resources with regional and international markets, Minister of Petroleum and Mineral Resources Karim Badawi said. Speaking at ...

Under U.S. Pressure, G7 Releases Diesel Reserves to Stem Energy Crisis

Under U.S. Pressure, G7 Releases Diesel Reserves to Stem Energy Crisis

October 05, 2026

The price of diesel fell slightly today after reaching record highs, following a decision by the G7 to tap into their Strategic Petroleum Reserves and diesel stocks to ease supply pressures. This G7 decision was spurred...

Energy Oman Plans  Major Gas Developments

Energy Oman Plans Major Gas Developments

October 05, 2026

Omani state upstream firm Energy Oman plans to expand its gas business by developing major non-associated gas resources with international p...

Oman: PDO Capitalizes On Record Prices With Output Hike

Oman: PDO Capitalizes On Record Prices With Output Hike

October 05, 2026

Omani state-led upstream firm PDO has raised oil production to take advantage of the record prices Omani crude has fetched this year. The Ho...

XRG & TotalEnergies  Take FID On Absheron Phase 2

XRG & TotalEnergies Take FID On Absheron Phase 2

October 05, 2026

TotalEnergies and its partners XRG and Socar have taken the final investment decision for the Absheron gas field’s 450mn cfd Phase 2 develop...

Cairo Cools To BP’s Planned  Energean Asset Sale

Cairo Cools To BP’s Planned Energean Asset Sale

October 05, 2026

Cairo has pushed back against BP’s proposed asset sale to Energean, while greenlighting other upstream takeovers. Egypt is cautious over who...

Saudi Planning Bypass Pipeline To Oman’s Duqm?

Saudi Planning Bypass Pipeline To Oman’s Duqm?

October 05, 2026

Aramco CEO Amin Nasser confirmed plans to develop new export routes last week, and Oman’s Indian Ocean port of Duqm is emerging as a probabl...

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Top Posts
EUG Reviews North Gargoub Offshore Block in 2026 Bid Round
1

EUG Reviews North Gargoub Offshore Block in 2026 Bid Round

October 06, 2026
Contractors prepare bids for eight Libyan oil and gas tenders
2

Contractors prepare bids for eight Libyan oil and gas tenders

October 06, 2026
Chevron signs Egypt oil and gas exploration deal
3

Chevron signs Egypt oil and gas exploration deal

October 06, 2026
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