Dana Gas, one of the major natural gas companies in the Middle East, reported a 1% increase in net profits during the H1 2025, compared to the same period of last year to reach AED 270 million ($73 million) thanks to n...
Egypt’s Prime Minister Mostafa Madbouly held a meeting with the Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, and Minister of Petroleum and Mineral Resources Karim Badawi, to review the ongoing efforts t...
The Opec+ Group of Eight has agreed to unwind the final tranche of its 2.2mn b/d voluntary cuts in September, but will continue to meet each... Source link
Karim Badawi, Minister of Petroleum and Mineral Resources (MoPMR), has paid a field visit at El Hamra Petroleum Port in the New Alamein City to inspect the ongoing development and expansion works. Following the model ...
Fertiglobe’s profits fell sharply to $38.3mn during the second quarter of the year. This is the lowest ever Q2 figure for the Adnoc subsidiary (Adnoc 86.2%, listed 13.8%) (see chart 1). The company says disruption to i...
A team from El Wastani Petroleum Company (WASCO) restored production from the Balsam-3 well, which had been slated for permanent abandonment. The well yielded approximately 5 million standard cubic feet of gas per day (m...
US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barre...
Libya’s NOC on 4 August signed an MoU with ExxonMobil, marking the potential return of the US oil giant after more than a decade of absence due to ongoing instability (MEES, 4 October 2013). The agreement was signed in...
Baker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated. The acquisition will immediately ...
Oman’s abundant gas reserves underpin the sultanate’s industrial expansion strategy, and the sultanate is investing to expand its distribution network to support growing industrial clusters. OQ Gas Networks (OQGN) ow...
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