Norwegian renewables developer Scatec has begun construction of its 1.1GW ‘Obelisk’ solar project, which also includes 100MW/200MWh of battery storage in southern Egypt, the firm announced on 5 May. “We are proud t...
1: Weekly Middle East* Crude Exports: Volumes Decrease Despite Opec+ Easing Production Cuts (mn b/d) 2: IFAD Murban, GME Oman Both Flip Into Contango At The Turn Of The Year, Signalling Oversupply And Incentivizing Stock...
In December 1975, when Ilich Ramírez Sánchez, aka Carlos the Jackal, and an armed group attacked Opec headquarters in Vienna and took dozens of ministers and delegates hostage, one man kept his cool. His name was Abdul...
ADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by 7% Year...
The Ministry of Petroleum and Mineral Resources (MoPMR) affirms its commitment to taking all necessary regulatory measures and conducting all needed examinations to verify the quality of petroleum products and ensure the...
ADNOC Distribution, one of Abu Dhabi National Oil Company (ADNOC) subsidiaries and the UAE’s largest fuel and convenience retailer, reported a growth in its net profit by 16%, to reach $174 million during Q1 2025, comp...
The Egyptian General Petroleum Corporation (EGPC) approved the consolidation of eight of Capricorn’s existing Egyptian concession agreements into a single integrated agreement to be ratified by the Egyptian Parliament ...
Harbour Energy operational results showed a 190% increase in its production volumes, reaching 500,000 barrels of oil equivalent per day (boe/d) during the first quarter (Q1) of 2025. The production was split into 40%...
Algiers is close to wrapping up its first bid round since 2014. It hopes to attract some of the largest international players, including pos... Source link
Nigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country, Reuters reported. The company will pump this amount of money, during the period between the...
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