As Lebanon seeks to re-engage internationally and attract much needed foreign investment, its new government is optimistically turning to its upstream sector as a potential solution. Normalizing its maritime borders is a...
The South Valley Egyptian Holding Petroleum Company (Ganope) has completed a geological field expedition in the southern Gulf of Suez and Red Sea region to deepen understanding of the basins, supporting the planned inter...
QatarEnergy has signed an Engineering, Procurement, and Construction (EPC) contract with Samsung C&T Corporation for a landmark carbon capture and sequestration (CCS) project that will serve the company’s liquefied nat...
Abu Dhabi state offtaker Ewec’s gas-fired generation capacity has increased to 17.82GW following the start of full commercial operations this week of the 2.4GW Fujairah F3 power plant. Although Ewec’s power mix has b...
ADNOC Distribution achieved the highest-ever earnings interest, taxes, depreciation, and amortization (EBITDA) of $319 million during Q3 2025, up 15.9% year on year (YoY), compared to $275 million in Q2 2025. The company...
Petrochemicals markets are stuck in the doldrums, and even Saudi companies with low-cost feedstock and an advantageous geographical location with access to eastern and western markets are struggling to generate profits. ...
Minister of Petroleum and Mineral Resources, Karim Badawi, made a surprise visit early this morning to the headquarters of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company in Cairo, as part of the Minister�...
Acwa Power, announced on 29 October that alongside its partners the PIF and Aramco, it has signed financing agreements for 12GW of solar PV projects in the kingdom. The trio was awarded PPAs for the five giant solar proj...
Reliable, low-cost energy underpins Saudi Arabia’s economic growth strategy, and Energy Minister Prince Abdulaziz bin Salman Al Saud is acutely aware of the importance of supplying this. “If we don’t have a sustain...
Saudi Arabia’s oil sector grew by 8.2% in Q3, according to preliminary government statistics, its fastest pace since 3Q 2022’s 14.0%. Oil sector activity is accelerating as voluntary production cuts have been eased s...
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