The Egyptian Cabinet approved four draft petroleum agreements that cover drilling of at least six wells, and have a minimum investment value of $52.97 million, Prime Minister Moustafa Madbouly announced during the cabine...
Algeria’s SONATRACH Group and Niger’s state-owned petroleum company SONIDEP signed three Memoranda of Understanding (MoUs) to expand cooperation in seismic services, drilling operations, and petroleum product distrib...
The 41-day shutdown of Energean’s flagship 4.3tcf Karish project offshore Israel weighed heavily on the company’s first-quarter results, but the London-listed producer says an imminent increase in liquids production ...
Russia’s oil and gas tax revenue rose by 32.4% year-on-year (YoY) in May to 678.9 billion roubles ($9.3 billion), supported by higher global oil prices amid escalating tensions in the Middle East, according to data rel...
The Egyptian General Petroleum Corporation (EGPC) has launched an initiative to develop the environmental performance across its affiliated companies. The EGPC Green Oilfield initiative aims to transition companies from ...
OQ Exploration and Production (OQEP) expects a sharp increase in its revenues this quarter. “The hike that we’ve seen in oil prices will have some [revenue] reflection, hopefully, in the second quarter of this year,�...
The Ministry of Petroleum and Mineral Resources (MoPMR) has opened bidding for the NE Esh El Mallaha Block in the Gulf of Suez region, starting June 3 and up to August 3, through the Egypt Upstream Gateway (EUG) under ...
Investment in the Middle East’s upstream sector is expected to fall this year, the IEA said in its World Energy Investment 2026 report released this week. The disruption unleashed by the US-Israeli attacks on Iran on 2...
Egypt’s liquefied natural gas (LNG) imports from the US declined to approximately 300,000 metric tons (mt) in May, nearly half its typical monthly intake of around 600,000 mt, Reuters reported, citing maintenance work ...
US crude oil exports surged to an all-time high of 5.6 million barrels per day (mmbbl/d) in May, as Asian and European refiners increased purchases to offset supply disruptions triggered by the war between the US and Isr...
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