Saudi Energy is overseeing the conversion of 22.3GW oil-fired power plants to run on gas by 2030 as part of the Liquid Displacement Program (LDP). Phase One conversion of the 3.7GW PP10 power plant at Riyadh was complete...
US President Donald Trump has urged Americans to accept higher gasoline prices as the cost of confronting Iran, as tensions over the Strait of Hormuz continue to disrupt global oil flows and threaten to prolong pressure ...
Venezuela has awarded a license to British Petroleum (bp), UAE-based XRG, and Qatar-based UCC Holding to explore and develop the second phase of the Loran offshore natural gas field, as Caracas seeks to attract foreign i...
Global oil demand is forecast to increase by 0.6 million barrels per day (mmbbl/d) in 2026, year on year (YoY), according to the Organization of the Petroleum Exporting Countries (OPEC), following a slight downward revis...
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Ahmed El-Sewedy, President and CEO of El-Sewedy Electric, to discuss accelerating the implementation of a phosphate fertilizer plant in the Suez Canal E...
Iran is facing a gasoline supply crunch. The US blockade on Iranian Gulf ports is restricting imports, while damage to energy facilities from Israeli strikes has yet to be fully repaired. In a bid to prevent widespread s...
The battle to control shipping through the Strait of Hormuz is heating up, and how the near-term balance shifts will be crucial for oil markets as hopes for a US-Iran deal fade. Tankers continue to risk the voyage and, i...
Egypt Gas reported a 25% year-on-year (YoY) increase in operating revenues to mount to EGP 4.7 billion for the six months ending June 30, 2026, according to the company’s disclosure to the Egyptian Stock Exchange (EG...
Relations between Cairo and Tripoli appear to be warming after years of diplomatic tensions. Energy cooperation is at the heart of the cautiously improving ties, with each party able to help the other in key areas. A ten...
Valmore Holding, a leading diversified investment holding company, reported a 13% year-on-year (YoY) increase in its first-half (H1) 2026 revenue to $392 million. This increase was backed by strong second-quarter results...
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