Greenfield investments by foreign companies in the Egyptian oil and mineral resources sector rose to $6.7 billion during fiscal year (FY) 2025/26, up from $6.2 billion a year earlier, according to the Central Bank of Egy...

Italian energy company Eni has signed two binding agreements to sell its 10% stakes in selected Indonesian upstream assets to state-owned Pertamina and energy company Medco. The transactions cover eight production sharin...

Saudi Aramco is expanding its overseas oil storage capacity and evaluating additional crude export routes to strengthen supply security amid shipping disruptions and constraints affecting the Strait of Hormuz, according ...

OPEC expects global oil demand to grow by 400,000 barrels per day (bbl/d) in 2026, down from its initial projection of 1.4 million bbl/for, as market developments over the course of the year have prompted a reassessment,...

Saudi Arabia aims to increase its oil pipeline capacity to 10 million barrels per day (mmbbl/d) over the next two to three years through several initiatives, including upgrades to pumping stations along the East-West Pip...

Oil prices rose to near two-week highs on October 12 as attacks on Saudi Arabia heightened concerns over Middle East supply disruptions, outweighing expectations of additional diesel supplies from Russia, Reuters reporte...

Egypt is seeking to expand technology cooperation with global technology company SLB to boost domestic oil and natural gas production. This came during a meeting between Minister of Petroleum and Mineral Resources Karim ...

Mahmoud Esmat, Minister of Electricity and Renewable Energy, stressed the importance of developing a unified Arab database for renewable energy and energy efficiency projects, as part of efforts to strengthen regional co...

At the Energy Intelligence Forum in London, Saudi Aramco CEO Amin Nasser issued a stark warning regarding the escalating energy crisis in Saudi Arabia and the broader Middle East. He highlighted an imminent global fuel c...