Egypt Med Offshore: Eni Strikes Gas, Arcius Takes FIDApril 17, 2026 Egypt received a timely boost at its offshore Mediterranean basin this week. Italian major Eni discovered 2tcf of gas, and…
Gastec Records 45% Market Share in Natural Gas Sales in FY 2025April 16, 2026 The Egyptian International Gas Technology Company (Gastec) recorded natural gas sales of approximately 664 million cubic meters (mmcm) during fiscal…
Saipem Secures Two Offshore CRPOs with Aramco in Saudi ArabiaApril 16, 2026 Saipem has won two new offshore contracts in the Saudi Arabia under its Long-Term Agreement with Aramco, in the form…
Security Concerns Complicate Iraq Oil Output Recovery |…April 16, 2026 Iran’s 5 April announcement that it would allow Iraqi oil to transit the Strait of Hormuz has been met with…
Canada’s TAG Oil Reveals 2026 Drilling Plans in Egypt’s Western DesertApril 16, 2026 Tag Oil, a Canadian-based international oil and gas exploration company, is preparing to drill a T-200 vertical well in the…
Libya Announces Oil & Gas DiscoveriesApril 16, 2026 Libya this week announced three oil and gas discoveries with international partners Sonatrach, Repsol, and Eni, marking progress despite the…
Fujairah Refined Product Stocks Fall to Nine-Year LowApril 16, 2026 Refined oil product inventories in Fujairah, the United Arab Emirates (UAE), dropped below 10 million barrels (mmbbl) on April 15,…
EPROM Records 44% Rise in Net Profit in 2025April 15, 2026 The Egyptian Projects Operation and Maintenance (EPROM), a subsidiary of the Egyptian General Petroleum Corporation (EGPC), reported a net profit…
Exxon Declares Cyprus Block 10 CommercialityApril 15, 2026 Cyprus gas developments have been in the spotlight in recent weeks, even though no gas has been produced to date.…
EBRD Funds New Solar, Battery Project in AswanApril 15, 2026 The European Bank for Reconstruction and Development (EBRD) has extended a $65 million construction bridging loan to Egypt’s HAU Energy,…