Opec+ Prioritizes Flexibility Amid Uncertain Geopolitical Outlook
August 11, 2025The Opec+ Group of Eight has agreed to unwind the final tranche of its 2.2mn b/d voluntary cuts in September, but will continue to meet each... Source link
Badawi Reviews Developments at Alamein’s El Hamra Petroleum Port, Mirroring UAE’s Al Fujairah
August 11, 2025Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), has paid a field visit at El Hamra Petroleum Port in the New Alamein City to inspect the ongoing development and expansion works. Following the model ...
Fertiglobe’s Operations Hit By Egypt Gas Outage In Q2 |...
August 11, 2025Fertiglobe’s profits fell sharply to $38.3mn during the second quarter of the year. This is the lowest ever Q2 figure for the Adnoc subsidiary (Adnoc 86.2%, listed 13.8%) (see chart 1). The company says disruption to i...
WASCO Revives Abandoned Well, Boosts Gas Production, Reserves
August 11, 2025A team from El Wastani Petroleum Company (WASCO) restored production from the Balsam-3 well, which had been slated for permanent abandonment. The well yielded approximately 5 million standard cubic feet of gas per day (m...
ExxonMobil Begins Production from Yellowtail Project Offshore Guyana
August 10, 2025US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barre...
Libya’s NOC Inks Exxon MOU
August 10, 2025Libya’s NOC on 4 August signed an MoU with ExxonMobil, marking the potential return of the US oil giant after more than a decade of absence due to ongoing instability (MEES, 4 October 2013). The agreement was signed in...
Baker Hughes Completes $540Mn Acquisition of Continental Disc Corporation
August 10, 2025Baker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. The acquisition will immediately ...
Oman’s IGC Approves Expanded Sohar Gas Pipeline
August 10, 2025Oman’s abundant gas reserves underpin the sultanate’s industrial expansion strategy, and the sultanate is investing to expand its distribution network to support growing industrial clusters. OQ Gas Networks (OQGN) ow...
Refining Margins Prove Bright Spot for Aramco
August 09, 2025Amid a turbulent second quarter of the year, Saudi Aramco’s downstream segment produced a robust performance (see p8). In marked contrast to the firm’s core upstream business, downstream revenues and earnings have in...
Amea Joins $290mn Morocco Desalination Project Amid Cont...
August 09, 2025Amea Power is joining the second phase of the Agadir reverse osmosis desalination project in Morocco, the UAE-based firm announced on 1 August, marking its first such project in North Africa. Development of the 275,000 m...
