Kuwait is making headway in revamping its oil sector that has fallen behind its neighbors in recent years. Long-standing targets for 2020 were missed and crude oil production capacity declined between 2016 and 2021. Much...

Four petroleum sector companies have successfully made discoveries in the Western Desert, yielding a total estimated production of over 5,200 barrels per day (bbl/d) of crude oil and condensates, alongside approximately ...

Karim Badawi, Minister of Petroleum and Mineral Resources, presented the latest reforms, incentives, and opportunities within the petroleum and mining sectors during a roundtable meeting with a group of International fin...

Chevron put its East Mediterranean ambitions front and center of its Q4 earnings call last week, with its leadership seeing a big year ahead for the region. “We continue to be very excited about the resource potential ...

TotalEnergies, a global integrated energy major, achieved net income of $ 2.9 billion in the fourth quarter (Q4) 2025, decreasing by 21% compared to the third quarter (Q3) of 2025. The company’s adjusted Earnings Befor...

US major ExxonMobil (60%, operator) and partner QatarEnergy (40%) have relinquished their North Marakia block in Egypt’s West Mediterranean offshore region, MEES learns. Despite making the Nefertari discovery in Januar...

The British energy company, bp, reported a loss for the fourth quarter (Q4) 2025 worth $3.4 billion, a significant decline from the $1.2 billion profit recorded in the third quarter. Following these results, the board ha...

The British energy company, bp, stated that its replacement cost (RC) profit dropped to $1.5 billion in the fourth quarter (Q4) 2025, from $2.2 billion in the previous quarter. RC profit is a measure commonly used by oil...

UK major Shell has outlined plans to double its Egypt gas output by June 2030. West Delta Deep Marine (WDDM) is currently the company’s only producing Egypt asset, where output is approximately 400mn cfd. The implied t...