Egypt’s hopes of a rebound in gas production rest on the shoulders of industry majors that have stepped up their efforts to add output and reserves through extensive drilling campaigns over the past year. Shell and BP ...
Italy’s engineering and construction group Saipem reported growing financial results in 2025, with full-year revenue rising 6.5% year-on-year (YoY) to €15.497 billion. Adjusted earnings before interest, taxes, deprec...
Middle East hydrocarbon giants are investing billions in huge gas expansion projects that will yield substantial volumes of liquids byproducts. As NGLs are exempt from Opec+ production quotas, these non-crude liquids are...
Karim Badawi, the Minister of Petroleum and Mineral Resources, held talks with senior executives from UK-based Capricorn Energy to review the company’s operations in the Western Desert and its plans to raise oil and ga...
Petrobel, the joint venture (JV) between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of cru...
Renewed competition between Algeria and Morocco over gas pipeline projects to Europe marks a new phase in their decades-long regional rivalr... Source link
Cooperation Petroleum Company (CPC) investment plan details a total of EGP 1.2 billion investments in fiscal year (FY) 2026/27, CPC’s Chairman, Mostafa El Sayed, noted. This came during the general assembly meeting att...
Assiut Oil Refining Company (ASORC) targets refining 4.2 million tons (mmt) of crude oil during fiscal year (FY) 2026/27, ASORC Chairman Issa Alaq stated during the general assembly meeting attended by Karim Badawi, Mini...
Bunkering activity at the UAE’s Fujairah’s and Khor Fakkan hubs has become increasingly subdued in recent months as the US tightened enforcement measures against firms allegedly breaching sanctions on Iran. In Decemb...
Chevron has begun exclusive negotiations with Iraq over the massive West Qurna 2 oilfield, bringing it closer to taking over the asset from Russian producer Lukoil, which is under sanctions, according to Reuters. Chevron...
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