Gulf Keystone Petroleum, a London-listed oil producer, will merge with Norway’s Shamaran Petroleum in an all-share deal valued at $601mn, creating one of the largest oil producers in Iraq’s Kurdistan Region, Gulf Key...
Egypt brought 591 new wells into production and made 113 discoveries from the period of July 2024 to June 2026, said Karim Badawi, Minister of Petroleum and Mineral Resources, at the opening ceremony of the Mediterranean...
Italian energy services company Saipem and Egypt’s Modern Drilling Company (MDC) signed a memorandum of understanding (MoU) to expand cooperation in oil and gas activities. The signing took place during the Mediterrane...
Egypt’s Ministry of Petroleum and Mineral Resources and Chevron have initialed a financial framework agreement for the project to connect Cyprus’ Aphrodite gas field to Egypt’s gas infrastructure, marking another s...
Saudi Aramco has sold eight cargoes of high-sulfur fuel oil for November loading through a tender on a free-on-board (FOB) basis, according to Reuters. The cargoes range from 80,000 to 100,000 tons each. Five are schedul...
Asian oil refiners are turning to smaller tankers, securing vessels through long-term charters, and buying Middle Eastern crude on a delivered basis to contain feedstock costs as oil shipping rates hover near record high...
Italy’s energy major Eni has launched start-up activities at the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert, introducing gas-processing capacity of up to 100 million standard cubic feet per day (mmcf/d) ...
The volatility in the energy markets shows no sign of a let-up despite the release of oil and diesel from their respective reserves by the G7 members and Russian supply of diesel into the US markets. At present, it is de...
Saudi Arabia has drawn up ambitious plans for a new international oil pipeline to diversify its export routes. In the meantime, gas pipeline...
Kuwait is committed to building a Hormuz bypass pipeline to reduce its reliance on the strait. But such a measure can only be a partial cont...
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