The US came close to becoming a net crude exporter for the first time since World War II, as exports surged to 5.2 million barrels per day (mmbbl/d), the highest level in seven months, driven by strong demand from Europe...
President Abdel Fattah El-Sisi has ratified two laws authorizing new petroleum exploration and production agreements in North Sinai offshore and the Gulf of Suez, as published by the Official Gazette and reported by Al-A...
Egypt received a timely boost at its offshore Mediterranean basin this week. Italian major Eni discovered 2tcf of gas, and BP and UAE state ... Source link
The Egyptian International Gas Technology Company (Gastec) recorded natural gas sales of approximately 664 million cubic meters (mmcm) during fiscal year (FY) 2025, achieving the highest market share in Egypt at 45%. Moh...
Saipem has won two new offshore contracts in the Saudi Arabia under its Long-Term Agreement with Aramco, in the form of Contract Release Purchase Orders (CRPOs), further reinforcing its footprint in the Saudi market. Und...
Iran’s 5 April announcement that it would allow Iraqi oil to transit the Strait of Hormuz has been met with little enthusiasm from buyers, forcing Iraq to continue its quest for alternative routes to market. A senior o...
Tag Oil, a Canadian-based international oil and gas exploration company, is preparing to drill a T-200 vertical well in the Badr Oil Field (BED-1) concession located in the Western Desert in 2026, according to its firs...
Libya this week announced three oil and gas discoveries with international partners Sonatrach, Repsol, and Eni, marking progress despite the sector’s slow recovery as exploration activity has gained momentum after more...
Refined oil product inventories in Fujairah, the United Arab Emirates (UAE), dropped below 10 million barrels (mmbbl) on April 15, marking their lowest level in at least nine years, according to the latest data reported ...
The Egyptian Projects Operation and Maintenance (EPROM), a subsidiary of the Egyptian General Petroleum Corporation (EGPC), reported a net profit of EGP 1.586 billion in 2025, marking a 44% increase from 2024, Chairman H...
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