An oil tanker has navigated the Strait of Hormuz on route to the United Arab Emirates (UAE) to lift crude oil, marking one of the few voyages through the strategic waterway since regional hostilities disrupted shipping f...
QatarEnergy is moving ahead with the third and, for now at least, final phase of its massive North Field Expansion project that will increase its LNG capacity from 77mn t/y to 142mn t/y. On 25 February, it announced the ...
The current status of activities and projects related to the gas production infrastructure at the Zohr field, including upgrades to the field’s offshore pipelines, was discussed in a meeting that included Sayed Seli...
In early February, Libya concluded its first post-revolution licensing round, awarding five of 20 oil and gas exploration and development blocks (MEES, 13 February). The licensing round success is the latest indicator th...
TAQA Arabia, Egypt’s leading private-sector energy distribution group, recorded a 50% year-on-year (YoY) increase in net profit for the fiscal year (FY) ending December 31, 2025, reaching EGP 1.05 billion (Bn), markin...
The escalation of conflict in the Middle East following US and Israeli strikes on Iran has placed global energy markets on edge, Wood Mackenzie, a global research and consulting firm,said, warning that oil and LNG prices...
As Libya ramps up drilling activity to boost oil output to 2mn b/d by end-2026, NOC has announced a raft of new oil additions over the past week. On 24 February, Akakus Oil Operations announced the successful horizontal ...
Karim Badawi, Minister of Petroleum and Mineral Resources, met with Basil Allam, Country Manager of Chevron Cyprus, via video conference to coordinate the executive steps for connecting the Cypriot Aphrodite gas field to...
Israel’s energy ministry announced on 25 February that it would launch its fifth offshore licensing round (OBR5) in the coming days. It is pressing ahead with efforts to attract new international players even though aw...
Global oil and gas transport costs have surged sharply, with supertanker rates in the Middle East climbing to unprecedented levels amid escalating hostilities between the United States and Iran, according to Reuters. Shi...
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