Dana Gas, the Middle East’s largest regional private natural gas company, revealed drilling results across its Nile Delta concessions, with several wells completed and tied into existing infrastructure. The new wells...
After nearly four months of conflict and a historic energy supply shock that threatened a global recession, the US and Iran have agreed to end hostilities. The memorandum of understanding (MoU), signed on 17 June, is not...
Norwegian renewable energy company Scatec plans to invest up to $5 billion in Egypt over the next two years across several fields, including renewable energy-powered desalination, green data centers, solar and wind proje...
The US-Israeli war against Iran that was launched on 28 February and wreaked havoc across the Middle East appears to have drawn to a conclusion with the signing of a Memorandum of Understanding (MoU) on 17 June. Although...
Libya’s oil production is approaching the 1.5 million barrels per day (mmbbl/d) milestone, according to the National Oil Corporation (NOC), Libya’s state-owned oil company. The NOC announced that crude oil production...
Iraq’s Ministry of Oil has launched drilling operations for a new exploratory well in the northern provinces, marking the first exploration activity in the region since 1978, as part of efforts to expand the country’...
The UAE’s economic model has been based on the unrestricted flow of goods in and out of the Strait of Hormuz, but Iran turned that model into a liability during more than three months of conflict this year. Rather than...
President Abdel Fattah El-Sisi has approved a memorandum of understanding (MoU) for a grant worth 300,000 Kuwaiti dinars from the Arab Fund for Economic and Social Development (AFESD) to finance a feasibility study aimed...
Badr El-Din Petroleum Company (BAPETCO) plans to start production of a new well in the Badr 15 area in the Western Desert by the end of this month at a rate of around 15 million cubic feet per day (mmcf/d) of natural gas...
US President Donald Trump agreed to end the war with Iran to prevent what he labeled global economic “bedlam” as oil inventories fell to critical lows (MEES, 19 June). At the G7 summit in France, where he signed a me...
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