bp confirmed a significant gas condensate discovery at the Volans-1X exploration well in Namibia’s Orange Basin, marking the company’s eleventh exploration success this year. The well, drilled in Petroleum Exploratio...
Sidi Kerir Petrochemicals Company (SIDPEC) raised its issued and paid-in capital from EGP 1.814 billion to EGP 2.268 billion, almost a 25 per cent hike, according to the decision taken by its extraordinary general assemb...
Industry officials were in alignment during the Energy Intelligence Forum in London this week. Oil markets are softening amid seasonal oversupply and prices will likely fall further in the coming weeks and months, but th...
Egypt and Cyprus signed two commercial agreements for transporting natural gas from the Cypriot Cronos field to Egypt on the sidelines of the Eastern Mediterranean Energy Conference and Exhibition (EMC 2025) held in Lima...
As Algeria seeks to strengthen its role as an energy supplier to international markets while meeting domestic demand, the country’s investment drive has caught the attention of Gulf investors. Algerian state firms have...
U.S. President Donald Trump reaffirmed that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying “massive” tariffs if it did not, Reuters...
The Ministry of Petroleum and Mineral Resources (MoPMR) held a workshop to explain the provisions of the new Labor Law No. (14) of 2025 at its headquarters in the New Administrative Capital. Led by Minister of Labor Moha...
Less than a week after finalizing a shareholder restructuring program that deleveraged its balance sheet, Saudi Arabia’s Petro Rabigh refining and petrochemicals JV has approved a major upgrading project. In a 15 Octob...
The Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $1.08 billion contract to develop the second phase of the Hassi Bir Rekaiz oil field in Algeria. The project is operated by Groupement H...
Oil prices fell sharply on Monday as markets opened, driven by forecasts suggesting prices could drop below $50 a barrel in 2026 if current trends persist. Both the U.S. Energy Information Administration (EIA) and Goldma...
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