Saipem Delivers €15.5 Bn Revenue, Sets 2026 GuidanceFebruary 26, 2026 Italy’s engineering and construction group Saipem reported growing financial results in 2025, with full-year revenue rising 6.5% year-on-year (YoY) to…
Jafurah Condensate Sale Marks Start Of New Gulf NGL Wave…February 25, 2026 Middle East hydrocarbon giants are investing billions in huge gas expansion projects that will yield substantial volumes of liquids byproducts.…
Capricorn Energy Eyes Expansion of Operations in Western DesertFebruary 25, 2026 Karim Badawi, the Minister of Petroleum and Mineral Resources, held talks with senior executives from UK-based Capricorn Energy to review…
Petrobel Brings Belayim Offshore 133 Well Online at 1,500 bbl/dFebruary 25, 2026 Petrobel, the joint venture (JV) between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim…
Algeria’s Trans-Saharan Gas Pipeline Revival Intensifies Rivalry With MoroccoFebruary 25, 2026 Renewed competition between Algeria and Morocco over gas pipeline projects to Europe marks a new phase in their decades-long regional…
CPC Plans EGP 1.2 Bn Investments in FY 2026/27February 25, 2026 Cooperation Petroleum Company (CPC) investment plan details a total of EGP 1.2 billion investments in fiscal year (FY) 2026/27, CPC’s…
ASORC Plans Refining 4.2 mmt Crude oil in FY 2026/27February 25, 2026 Assiut Oil Refining Company (ASORC) targets refining 4.2 million tons (mmt) of crude oil during fiscal year (FY) 2026/27, ASORC…
Fujairah Bunker Market Slows As Sanctions BiteFebruary 25, 2026 Bunkering activity at the UAE’s Fujairah’s and Khor Fakkan hubs has become increasingly subdued in recent months as the US…
Chevron in Exclusive Talks to Acquire West Qurna 2 Oilfield in IraqFebruary 24, 2026 Chevron has begun exclusive negotiations with Iraq over the massive West Qurna 2 oilfield, bringing it closer to taking over…
Iraq LNG Imports To Begin In JuneFebruary 24, 2026 Preparations are well underway for Iraq to receive its first LNG cargo this summer. After several meetings with Iraqi oil,…