Saudi Arabia’s Oil Burn Spikes On Hormuz ClosureJuly 1, 2026 The shut-in of more than 3.5mn b/d of Saudi crude oil production following the closure of the Strait of Hormuz…
QatarEnergy, ExxonMobil Advance Cyprus Block 10 DevelopmentJuly 1, 2026 QatarEnergy has signed a commercial discovery declaration for the Glaucus and Pegasus gas fields in Block 10, offshore Cyprus, in…
Trump Issues Oil Firms Investigation into Pump Price GougingJune 25, 2026 US President Donald Trump has instructed the Department of Justice (DOJ) to investigate oil companies for failing to lower gasoline…
Hormuz Shuttles Expedite Middle East Oil RestartsJune 25, 2026 The US-Iran memorandum of understanding (MoU) to end the Middle East conflict has sparked debate over how quickly oil exports…
Qatar PM Advices US‑Iran Hotline to Secure Hormuz ReopeningJune 25, 2026 Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman al‑Thani stressed that establishing a direct hotline between the US and Iran is…
Egypt’s Petroleum Sector Records First Growth Since Q1 FY2023/24June 25, 2026 The petroleum sector recorded 0.7% growth in the third quarter (Q3) of fiscal year (FY) 2025/2026, marking its first positive…
Libya’s NOC Inks ‘Historic’ Production-Sharing DealsJune 25, 2026 Libya’s National Oil Corporation (NOC) has signed the first production-sharing agreements (PSAs) from its landmark bid round, the country’s first…
China’s SANY to Establish Egypt’s First Wind Turbine Manufacturing PlantJune 24, 2026 China’s SANY Group, a leading global wind turbine manufacturer, signed a Memorandum of Understanding (MoU) with the Egyptian Electricity Transmission…
Libya’s Mabruk Oil Field Producing At 40,000 b/dJune 24, 2026 Libya’s NOC on 14 June announced the full resumption of operations at the Mabruk oilfield on blocks 70 and 87…
Baker Hughes Wins Lifecycle Services Contract for ANOH Gas Plant in NigeriaJune 24, 2026 Baker Hughes has secured a contract from ANOH Gas Processing Company(AGPC) to deliver comprehensive lifecycle services for turbomachinery equipment at…