The Cabinet approved the allocation of several plots of land in the Red Sea Governorate to the General Authority for Red Sea Ports to support the development of green hydrogen projects and related infrastructure During t...
SLB, the global technology leader, has announced a 9% sequential revenue increase for the fourth quarter (Q4) of 2025, reaching $9.75 billion. The results reflect a 5% growth compared to Q4 2024, signaling a stabilizatio...
Libya has announced the second devaluation of the dinar in less than a year as the internationally recognized government faces a worsening foreign currency crisis and declining oil revenues, which the central bank has bl...
The Ministry of Petroleum and Mineral Resources (MoPMR) launched the “Takamol” platform recently for information technology integration. Takamol is a cloud computing solution for the oil, gas, and mineral resources...
The displacement of oil from Saudi Arabia’s power generation sector continued apace in November, with the latest Jodi data showing oil burn down a massive 302,000 b/d year-on-year. November oil burn of just 869,000 b/d...
A golden era for the UAE’s oil trading sector has drawn to a close as a tightening of US sanctions on Russian and Iranian barrels, regional geopolitical shifts and broader industry headwinds combined to create a highly...
Omani state offtaker Nama Power & Water Procurement (Nama PWP) signed power purchase agreements with the developers of the 2.6GW Misfah and Duqm combined-cycle gas turbine (CCGT) power projects on 22 January. The plants ...
The Egyptian General Petroleum Corporation (EGPC) has approved amendments to the current fiscal year’s budget as well as the plan for the 2026/27 budget for Alamein Petroleum Company. EGPC’s CEO, Salah Abdel Kerim,...
The global economy has proven to be much more resilient than expected over the past year. After sharply downgrading growth expectations in April following the US ‘Liberation Day’ tariff launch (MEES, 1 August), the I...
The Egyptian Natural Gas Holding Company (EGAS) is accelerating the development of undeveloped offshore discoveries through new technical partnerships and expanded exploration programs with global majors, including Arciu...
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