News 24/24
Iraqi oil ministry officials said that ExxonMobil has reached out to express interest in acquiring Lukoil’s majority share in the massive West Qurna 2 oilfield, Reuters reported. ExxonMobil has approached Iraqi oil ministry officials to express interest in acquiring Lukoil’s majority share in the West Qurna 2 oilfield, Reuters reported. The field holds approximately 13 billion […]
The post Exxon Mobil Eyes Lukoil’s Stake in Iraq’s West Qurna 2 Giant first appeared on Egypt Oil & Gas.
Read moreOn the sidelines of the Oman Green Hydrogen Summit 2025, Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of meetings aimed at strengthening the presence of Egyptian petroleum companies in Oman and expanding bilateral cooperation in green energy and major infrastructure projects. Badawi met with senior officials from Hydrogen Oman Company (Hydrome) […]
The post Badawi Affirms Egypt’s Leadership in Energy Transition at Oman Hydrogen Summit first appeared on Egypt Oil & Gas.
Read moreEquinor and Shell have officially completed a transaction to combine their United Kingdom (UK) offshore oil and natural gas operations into a new joint venture company, Adura, becoming the UK North Sea’s largest independent producer. According to a press release by Equinor, Adura is jointly owned by Shell and Equinor, each holding a 50% stake. […]
The post Equinor, Shell Complete UK North Sea Joint Venture Adura first appeared on Egypt Oil & Gas.
Read moreEight leading OPEC+ members, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, agreed to pause their planned production increases for January to March 2026, citing seasonal demand patterns and a need for continued caution despite a steady global economic outlook and healthy oil market fundamentals. The decision, first announced on November 2, […]
The post OPEC+ Members Pause January-March 2026 Production Increases first appeared on Egypt Oil & Gas.
Read moreEight leading OPEC+ members, Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, agreed to pause their planned production increases for January to March 2026, citing seasonal demand patterns and a need for continued caution despite a steady global economic outlook and healthy oil market fundamentals. The decision, first announced on November 2, […]
The post OPEC+ Members Pause January-March 2026 Production Increases first appeared on Egypt Oil & Gas.
Read moreThe Minister of Petroleum and Mineral Resources, Karim Badawi, honored Mohannad Atef, a member of the Egypt Upstream Gateway (EUG) team, for receiving the Best AI Agent Award at the International Geomechanics Conference held in Saudi Arabia. The recognition is due to his achievement among 425 participants from around the world. Atef explained that the […]
The post Badawi Honors EUG’s Mohannad Atef for Winning Best Global AI Agent Award first appeared on Egypt Oil & Gas.
Read moreRussian oil company Rosneft reported a 70.1% decline in net income during the first nine months of 2025, falling to RUB 277 billion, according to the company’s financial results. During the same period in 2024, the company’s net income was RUB 926 billion. The company’s revenues from sales declined 17.8% to RUB 6.28 trillion during […]
The post Rosneft’s Net Income Drops 70% in First Nine Months of 2025 first appeared on Egypt Oil & Gas.
Read moreDuring an official field visit to the Nuclear Materials Authority (NMA) field center in the Abu Zenima area, South Sinai, Mahmoud Esmat, Minister of Electricity and Renewable Energy, reviewed ongoing operations, inspected production facilities, and assessed actual performance rates and the latest developments at the site. Furthermore, he inspected the manufacturing lines and the exploration, […]
The post Electricity Minister inspects Opearations of Rare Earth Minerals at Abu Zenima first appeared on Egypt Oil & Gas.
Read moreDuring his official visit to Perth, Western Australia, Karim Badawi, Minister of Petroleum and Mineral Resources, led high-level engagements focused on building technical expertise and strengthening investment partnerships in mineral exploration and development. The visit featured the signing of a Letter of Intent between the Mineral Resources and Mining Industries Authority and Curtin University—one of […]
The post Egypt, Australia Strengthen Mining Cooperation Through Training, Investment Partnerships first appeared on Egypt Oil & Gas.
Read moreADNOC Gas, the integrated natural gas company and a subsidiary of the Abu Dhabi National Oil Company (ADNOC), has signed a long-term agreement with Emirates Steel Arkan (EMSTEEL), one of the Middle East’s largest integrated steel and building materials producers. The deal, valued between $3.5 billion and $4.2 billion, will secure a stable supply of […]
The post ADNOC Gas Signs Up to $4.2 Billion Supply Deal with EMSTEEL first appeared on Egypt Oil & Gas.
Read moreThe Ministry of Petroleum and Mineral Resources (MoPMR) took part in the 16th Kuwait Week in Cairo, held under the patronage of Egyptian Prime Minister Mostafa Madbouly. The ministry participated with a dedicated pavilion in the Egyptian-Kuwaiti Companies Exhibition, featuring several of its key entities, including the Egyptian Mineral Resources Authority (EMRA), the Petroleum Projects […]
The post Kuwait Week in Cairo Draws Top Egyptian Oil and Gas Companies first appeared on Egypt Oil & Gas.
Read moreEnergean, the international energy company focused on natural gas exploration and production, announced that its Egyptian assets showed “an excellent performance” during the first nine months of 2025 with production of 29,000 barrels of oil equivalent per day (boe/d), according to its latest trading update report. The strong Egyptian performance offset the effect of a decline […]
The post Energean Egypt’s Assets Reports “Excellent Performance” in 9m 2025 first appeared on Egypt Oil & Gas.
Read moreThe Egyptian General Petroleum Corporation (EGPC) has signed a strategic Memorandum of Understanding (MoU) with ExxonMobil Egypt to enhance risk management, operational safety, and training across Egypt’s fuel transportation and distribution system. According to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR), the MoU was signed in a meeting attended by Salah […]
The post EGPC, ExxonMobil Sign Agreement to Boost Fuel Transport Safety first appeared on Egypt Oil & Gas.
Read moreRussia is exploring opportunities to increase oil exports to China and deepen cooperation on Liquefied Natural Gas (LNG), according to Deputy Prime Minister Alexander Novak’s announcement on Tuesday during a Sino-Russian business forum in Beijing. Since the start of the Ukraine conflict in 2022, China and India have become Russia’s largest oil buyers. China currently […]
The post Russia Signals Plans to Boost Oil and LNG Supplies to China Despite Expanding U.S. Sanctions first appeared on Egypt Oil & Gas.
Read moreRussia is exploring opportunities to increase oil exports to China and deepen cooperation on Liquefied Natural Gas (LNG), according to Deputy Prime Minister Alexander Novak’s announcement on Tuesday during a Sino-Russian business forum in Beijing. Since the start of the Ukraine conflict in 2022, China and India have become Russia’s largest oil buyers. China currently […]
The post Russia Signals Plans to Boost Oil and LNG Supplies to China Despite Expanding U.S. Sanctions first appeared on Egypt Oil & Gas.
Read moreHis Highness Sheikh Mohamed bin Zayed Al Nahyan, United Arab Emirates (UAE) President, chaired the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors at the Habshan complex. During the meeting, he approved the $150 billion CAPEX plan for 2026–2030. The investment is designed to sustain current operations, accelerate future growth, […]
The post UAE President Approves ADNOC’s $150bn Five-Year Investment Plan first appeared on Egypt Oil & Gas.
Read moreKarim Badawi, Minister of Petroleum and Mineral Resources, met with Hamad Obaid Al Zaabi, the United Arab Emirates’ (UAE) Ambassador to Egypt, to discuss strengthening cooperation and strategic partnerships in the oil and natural gas sector. The meeting underscored the strong, longstanding ties between the two countries, particularly within the energy industry, according to a […]
The post Badawi and UAE Ambassador Advance Oil, Natural Gas Cooperation first appeared on Egypt Oil & Gas.
Read moreThe European Union (EU) on Friday, November 21, rejected a draft agreement at Brazil’s COP30 climate summit in Belém. The bloc refused to back the draft, stating it fell short of advancing global efforts to cut greenhouse gas emissions and lacked a commitment to move away from fossil fuels. Delegates had scheduled the two-week negotiations […]
The post EU Rejects COP30 Draft as Brazil’s Climate Summit Runs Into Overtime first appeared on Egypt Oil & Gas.
Read morePetroleum Marine Services (PMS) has launched a unified offshore rig movement service covering the Red Sea and Gulf of Suez. PMS launched the service in collaboration with the UK-based ABL Group. This strategic expansion aims to reduce operating costs and support production efficiency in the region. The announcement was made at a workshop hosted by PMS […]
The post PMS, ABL Announce Strategic Rig Movement Partnership for Red Sea first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]
The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]
The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC), through its international investment company XRG P.J.S.C., announced on November 21 the receipt of the final outstanding regulatory approval needed for its €14.7 billion acquisition of German chemicals producer Covestro. The final clearance, granted by the German Federal Ministry for Economic Affairs and Energy, means all closing conditions […]
The post ADNOC–Covestro Deal Gets Final Green Light in Germany first appeared on Egypt Oil & Gas.
Read moreUS oil giant Exxon Mobil is evaluating potential acquisitions of Russian Lukoil overseas assets, sources familiar with the talks told Reuters. This places Exxon Mobil alongside rival Chevron, which is also reviewing opportunities to buy portions of Lukoil’s international portfolio. Exxon Mobil’s interest is reportedly focused on Kazakhstan. The company already shares stakes with Lukoil and […]
The post Exxon Mobil, Chevron Weigh Bids for Lukoil International Assets first appeared on Egypt Oil & Gas.
Read moreTotalEnergies will appeal a decision by the French Competition Authority that imposes a fine on the company for alleged anti-competitive practices in the supply of petroleum products in Corsica. The Authority’s ruling follows a four-year investigation. However, TotalEnergies maintains that the decision is not supported by evidence of any negative competitive impact on the island. […]
The post TotalEnergies to Appeal French Antitrust Fine Over Corsica Fuel first appeared on Egypt Oil & Gas.
Read moreTotalEnergies will appeal a decision by the French Competition Authority that imposes a fine on the company for alleged anti-competitive practices in the supply of petroleum products in Corsica. The Authority’s ruling follows a four-year investigation. However, TotalEnergies maintains that the decision is not supported by evidence of any negative competitive impact on the island. […]
The post TotalEnergies to Appeal French Antitrust Fine Over Corsica Fuel first appeared on Egypt Oil & Gas.
Read moreUS oil giant Chevron is reviewing potential opportunities to acquire international assets owned by sanctioned Russian producer Lukoil, five sources told Reuters on November 17. This move follows a US Treasury waiver issued last week that allows potential buyers to engage with Lukoil regarding its overseas holdings. If Chevron proceeds, it will join Carlyle and […]
The post Chevron Joins Race for Lukoil’s International Assets, Sources Say first appeared on Egypt Oil & Gas.
Read moreOil producers in Iraq’s Kurdistan region have successfully loaded the first export cargo from Turkey’s Ceyhan terminal, marking a critical step in the resumption of regional crude exports. Gulf Keystone Petroleum announced that it expects to receive payment for its portion of the cargo within 30 days. The company is already planning a second lifting […]
The post Kurdistan Oil Exports Resume as Gulf Keystone Loads First Cargo at Ceyhan first appeared on Egypt Oil & Gas.
Read moreTotalEnergies has signed an agreement with Czech energy group Energetický a průmyslový holding (EPH) to acquire a 50% stake in its flexible power generation platform, as reported in TotalEnergies’ press release. The partnership, valued at €10.6 billion, will create a joint venture (JV) to expand flexible power assets, including natural gas-fired plants, biomass facilities, and […]
The post TotalEnergies, EPH Form €10.6 Bn JV for European Flexible Power first appeared on Egypt Oil & Gas.
Read moreThe European Commission (EU) has granted conditional approval for Abu Dhabi National Oil Company (ADNOC)’s landmark €14.7 billion acquisition of German plastics and chemicals manufacturer Covestro, Reuters reported. The Commission announced the decision on November 14, requiring ADNOC to adhere to several commitments to address competition concerns. The conditional greenlight requires ADNOC to fulfill commitments, […]
The post EU Approves ADNOC’s €14.7 Bn Covestro Takeover first appeared on Egypt Oil & Gas.
Read moreThe US Treasury Department has granted limited authorizations to facilitate the potential sale of Lukoil’s foreign assets while explicitly permitting continued transactions with the company’s Burgas refinery in Bulgaria. The new licenses, issued by the US Treasury Department, allow potential buyers to engage in talks with the Russian oil major until December 13 about acquiring […]
The post U.S. Eases Restrictions to Facilitate Potential Sale of Lukoil’s Foreign Assets first appeared on Egypt Oil & Gas.
Read moreSaudi Aramco is set to sign two major liquefied natural gas (LNG) supply agreements in the US next week with Woodside Energy and Commonwealth LNG, according to sources cited by Reuters. These deals, expected to be finalized during Crown Prince Mohammed bin Salman’s visit to Washington, significantly advance Aramco’s ambition to become a dominant player […]
The post Saudi Aramco to Sign 4 Mn TPA US LNG Deals with Woodside, Commonwealth first appeared on Egypt Oil & Gas.
Read moreMiddle Eastern oil producers, including Saudi Arabia, Iraq, and Kuwait, will increase crude oil shipments to India in December. This strategic move allows the Organization of the Petroleum Exporting Countries (OPEC) members to reclaim market share as Indian refiners pivot from Russian supplies due to tightening Western sanctions. The shift follows a pause in purchases from […]
The post Middle Eastern Oil Producers Boost Crude Supplies to India first appeared on Egypt Oil & Gas.
Read moreIraq’s Misan Oil Company has completed the drilling of the deepest horizontal well in the Bazarkan oil field, setting three new records and marking a major milestone in Iraq’s upstream development efforts. The well, BUCN-226H, was completed at the beginning of November and set the records for depth, horizontal length, and total displacement. It reached […]
The post Iraq’s Misan Drills Deepest Horizontal Well in Bazarkan first appeared on Egypt Oil & Gas.
Read morePengerang, Malaysia — Engerang Biorefinery Sdn. Bhd., a joint venture (JV) between PETRONAS, Enilive S.p.A, and Euglena, a Japanese biotechnology company, has officially broken ground on its new biorefinery project in Pengerang, Johor, marking a significant milestone in the development of Malaysia’s renewable energy industry. Enilive S.p.A. is a subsidiary of Italy’s Eni S.p.A., created […]
The post PETRONAS, Enilive, Euglena Break Ground on New Biorefinery in Johor first appeared on Egypt Oil & Gas.
Read morePengerang, Malaysia — Engerang Biorefinery Sdn. Bhd., a joint venture (JV) between PETRONAS, Enilive S.p.A, and Euglena, a Japanese biotechnology company, has officially broken ground on its new biorefinery project in Pengerang, Johor, marking a significant milestone in the development of Malaysia’s renewable energy industry. Enilive S.p.A. is a subsidiary of Italy’s Eni S.p.A., created […]
The post PETRONAS, Enilive, Euglena Break Ground on New Biorefinery in Johor first appeared on Egypt Oil & Gas.
Read moreAs part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) commitment to strengthening occupational safety, health, and environmental performance across Egypt’s energy sector, Yassin Mohamed, First Undersecretary of the Ministry and Supervisor of Environment, Safety and Health, Energy Efficiency, and Climate, held an inspection visit to Misr Fertilizers Production Company (MOPCO) in Damietta Governorate. […]
The post Petroleum Ministry Official Inspects MOPCO’s Safety and Green Projects in Damietta first appeared on Egypt Oil & Gas.
Read moreThe Petroleum Projects and Technical Consulting Company (PETROJET) has been awarded the Safety Certificate Contractors (SSC) certification, marking a key step toward expanding its operations into the European market for the first time. The certification, granted after a comprehensive audit of PETROJET’s occupational health and safety systems, aligns with the Ministry of Petroleum and Mineral […]
The post New Safety Certification Qualifies PETROJET to Expand in Europe first appeared on Egypt Oil & Gas.
Read moreThe international operations of the Russian energy group Lukoil are facing mounting pressure after a planned sale of assets to Swiss trader Gunvor collapsed, just ahead of a US deadline for companies to halt business with the Russian oil firm. The US Treasury, responsible for approving any sale due to Lukoil being under US sanctions, […]
The post Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses first appeared on Egypt Oil & Gas.
Read moreThe international operations of the Russian energy group Lukoil are facing mounting pressure after a planned sale of assets to Swiss trader Gunvor collapsed, just ahead of a US deadline for companies to halt business with the Russian oil firm. The US Treasury, responsible for approving any sale due to Lukoil being under US sanctions, […]
The post Lukoil Faces Pressure as US Deadline Nears, Gunvor Deal Collapses first appeared on Egypt Oil & Gas.
Read moreAs part of ongoing efforts to boost domestic production and reduce energy imports, Egypt’s Ministry of Petroleum and Mineral Resources (MoMPR) has announced a new natural gas discovery in the Western Desert. The find was made by Badr El-Din Petroleum Company (BAPETCO) in the Badr-15 area through the BED 15-31 well. According to the Ministry, […]
The post BAPETCO Makes New Discovery in Western Desert first appeared on Egypt Oil & Gas.
Read moreExxonMobil, Energean, and HELLENiQ ENERGY Upstream have announced a Farm-In Agreement under which ExxonMobil will acquire a participation interest in the Block 2 concession, located in the northwestern Ionian Sea, near the Italian Exclusive Economic Zone (EEZ). A farm-in agreement is a contract commonly used in the oil, gas, and mining industries, where one company, […]
The post ExxonMobil Joins Energean, HELLENiQ ENERGY in Ionian Sea Block 2 Through New Farm-In Deal first appeared on Egypt Oil & Gas.
Read moreThe operational results of Harbour Energy showed a growth and diversification in production, reaching 473,000 barrels of oil equivalent (boe/d) during the first nine months of 2025, compared to 177,000 boe/d in the same period of 2024. The company explained that production is broadly split 40% liquids, 40% European gas and 20% other gas. In […]
The post Harbour Energy’s Production Jumps to 473,000 boe/d in 9 Months of 2025 first appeared on Egypt Oil & Gas.
Read moreHalliburton, one of the leading oil and gas innovative companies, has been awarded an Integrated Drilling Services (IDS) contract, from Shell Nigeria Exploration and Production Company (SNEPCo), in partnership with Sunlink Energies, for operations in Oil Mining Lease (OML) 144, offshore Nigeria. The contract supports the development of the HI gas field, which will feed […]
The post Halliburton Awarded Integrated Drilling Services Contract from Shell Nigeria for HI Gas Field Development first appeared on Egypt Oil & Gas.
Read moreKarim Badawi, Minister of Petroleum and Mineral Resources, witnessed the signing of two key agreements on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025. The agreements are major steps to attract new investments and enhance gas exploration and production (E&P) activities in the Eastern Mediterranean. The agreements, signed in the presence […]
The post Egypt Signs Two Agreements to Boost East Med E&P first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi honored several Egyptian petroleum companies during a recognition ceremony held on the sidelines of Egypt’s participation in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2025). The honored companies, including the Engineering for the Petroleum and Process Industries (ENPPI), Petrojet, and Egyptian Maintenance Company (EMC), were […]
The post Badawi Honors ENNPI, Petrojet, EMC for ENR Recognition On Sidelines of ADIPEC 2025 first appeared on Egypt Oil & Gas.
Read morebp, the leading energy giant, announced that its underlying replacement cost profit (RC profit) recorded $2.2 billion in the third quarter (Q3) of 2025, compared to $2.4 billion in Q2 2025 and $2.26 in Q3 2024. RC profit refers to bp’s underlying replacement cost profit, a financial metric that measures profitability before adjusting certain items […]
The post bp’s RC Profits Records $2.2bn in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreExxonMobil has signed a memorandum of understanding (MoU) with the Egyptian Natural Gas Holding Company (EGAS) to expand its natural gas exploration activities in the Mediterranean Sea, marking a new chapter in the company’s partnership with Egypt. The agreement was signed on the sidelines of the ADIPEC 2025 conference in Abu Dhabi, in the presence […]
The post ExxonMobil Expands Gas Exploration in Egypt with New Concession West of Zohr Field first appeared on Egypt Oil & Gas.
Read moreAbu Dhabi National Oil Company (ADNOC) and SLB have jointly launched an advanced artificial intelligence (AI)-powered Production System Optimization (AiPSO) platform, marking a major milestone for the use of AI in large-scale energy operations. The announcement was made during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2025. The AiPSO platform integrates millions of […]
The post ADNOC, SLB Launch AI Platform to Optimize Production, Reduce Downtime first appeared on Egypt Oil & Gas.
Read moreOn the sidelines of his participation in the Abu Dahbi International Petroleum Exhibition and Conference (ADIPEC) 2025, Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Doug Burgum, U.S Secretary of the Interior and Chairman of the National Energy Dominance Council. Both sides discussed ways to enhance Egypt strategic partnership with U.S in […]
The post Egypt, U.S Strengthen Energy Partnership During ADIPEC 2025 Talks first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi announced a new international bid round for exploration and production operations in blocks RS-Block (1), RS-Block (2), RS-Block (3), and RS-Block (4) located in the Red Sea. The announcement was made during the minister’s participation in the Abu Dhabi Exhibition and Conference (ADIPEC) 2025. Offered by Ganoub […]
The post Egypt Posts New Bid Round in 4 Blocks in Red Sea first appeared on Egypt Oil & Gas.
Read morebp has reached an agreement with Sixth Street-managed funds for the sale of non-controlling interests in its Permian and Eagle Ford midstream assets. The transaction is valued at $1.5 billion and will be executed in two phases. Approximately $1 billion will be paid at signing, with the remaining amount expected by the end of the […]
The post bp Sells Minority Stakes in US Midstream Assets to Sixth Street for $1.5 Billion first appeared on Egypt Oil & Gas.
Read moreEni and PETRONAS have signed a binding agreement to create a new joint venture (JV) company, NewCo, which will combine their upstream operations in Indonesia and Malaysia. The agreement was signed on the sidelines of the ADIPEC energy conference by Eni CEO Claudio Descalzi and PETRONAS President and Group CEO Tengku Muhammad Taufik. The newly […]
The post Eni, PETRONAS Form Southeast Asia Upstream Venture, Targeting $15 Bn Investment first appeared on Egypt Oil & Gas.
Read moreTotalEnergies announced adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $10.3 billion in the third quarter (Q3) of 2025, an increase from $9.7 billion recorded in the second quarter (Q2) of 2025. The company’s net income surged by approximately 37% quarterly, rising to $3.7 billion in Q3 2025, up from $2.7 billion in […]
The post TotalEnergies Posts Earnings of $10.3 billion in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreExxonMobil reported earnings of $7.5 billion in the third quarter (Q3) of 2025 compared to $7.08 billion recorded in the second quarter (Q2) of 2025. The company stated that the improved earnings were driven by advantaged volumes, record production in Guyana and the Permian basin, structural cost savings, and stronger crude realizations. The company’s strong […]
The post ExxonMobil Reports Earnings of $7.5 billion in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreADNOC Distribution achieved the highest-ever earnings interest, taxes, depreciation, and amortization (EBITDA) of $319 million during Q3 2025, up 15.9% year on year (YoY), compared to $275 million in Q2 2025. The company reported EBITDA of $885 million in the first nine months of 2025, increasing by 12% compared to $790 million in the same […]
The post ADNOC Distribution Records Highest-Ever Quarterly EBITDA of $319 million in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreQatarEnergy has signed an Engineering, Procurement, and Construction (EPC) contract with Samsung C&T Corporation for a landmark carbon capture and sequestration (CCS) project that will serve the company’s liquefied natural gas (LNG) production facilities in Ras Laffan Industrial City. The project will capture and store up to 4.1 million tons of carbon dioxide (CO₂) each […]
The post QatarEnergy Awards Major Carbon Project Contract to Samsung C&T first appeared on Egypt Oil & Gas.
Read moreThe South Valley Egyptian Holding Petroleum Company (Ganope) has completed a geological field expedition in the southern Gulf of Suez and Red Sea region to deepen understanding of the basins, supporting the planned international exploration bid round in the Red Sea. This initiative aligns with the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to […]
The post Ganope Completes Red Sea Geological Expedition to Support Upcoming Bid Round first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources, Karim Badawi, made a surprise visit early this morning to the headquarters of Rashid Petroleum Company (Rashpetco) and Burullus Gas Company in Cairo, as part of the Minister’s regular inspection tours to petroleum sector companies. The visit aimed to follow up on the company’s progress and work plans. It […]
The post Badawi Conducts Surprise Visit to Rashpetco, Burullus Gas to Follow up on Operation Progress first appeared on Egypt Oil & Gas.
Read moreThe Minister of Petroleum and Mineral Resources, Karim Badawi met with a group of young and middle management professionals from across the petroleum and mineral resources sector to support young talents and maintain continuous engagement with employees through open discussions that strengthen teamwork. During the meeting, held at the Ministry of Petroleum and Mineral Resources’ […]
The post Badawi Meets Young Energy Cadres to Foster Sector Leadership first appeared on Egypt Oil & Gas.
Read moreIn a step toward expanding Egypt’s green energy portfolio, Minister of Petroleum and Mineral Resources Karim Badawi witnessed the signing of a $135 million long-term financing agreement for the Egyptian Bioethanol Company (EBIOL) project of the Egyptian Petrochemicals Holding Company (ECHEM) to be implemented in Damietta. The project is designed to produce 100,000 tons of […]
The post Egypt Secures $135MN Financing for Bioethanol Project to Boost Green Energy Production first appeared on Egypt Oil & Gas.
Read moreIraq has signed a $450 million investment agreement with US-based Excelerate Energy to construct the country’s first floating storage and regasification unit (FSRU) at the port of Khor al-Zubair, officials told Reuters. The facility will enable Iraq to import, store, and regasify liquefied natural gas (LNG), which will be integrated into the national power grid […]
The post Iraq Signs $450 Million Deal with Excelerate to Build First LNG Regasification Unit first appeared on Egypt Oil & Gas.
Read moreEquinor achieved total equity production of 2.130 million barrels of oil equivalent per day (mmboe/d) in the third quarter (Q3) of 2025, marking a 7% increase from 1.984 mmboe/d in Q3 2024. The company attributed the production growth to strong performance from the Johan Sverdrup and Johan Castberg fields. Despite the operational surge, Equinor’s adjusted […]
The post Equinor Equity Production Jumps 7% in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreSaudi Aramco, one of the world’s leading integrated energy companies, has completed a $11 billion lease and leaseback agreement for its Jafurah gas processing facilities. It also agreed on buying a minority stake in a company owned by the Saudi Public Investment Fund (PIF), one of the largest sovereign wealth funds in the world. The […]
The post Aramco Finalizes $11 Bn Jafurah Gas Deal, Signs AI Partnership with PIF first appeared on Egypt Oil & Gas.
Read moreRussian oil giant Lukoil plans to sell its international assets following the imposition of new restrictive measures against the company and its subsidiaries. The move signals a major shift for one of Russia’s largest private oil producers, as Western sanctions continue to pressure the country’s energy sector. Lukoil has begun reviewing bids from potential buyers […]
The post Lukoil to Sell International Assets after New Sanctions Imposed first appeared on Egypt Oil & Gas.
Read moreKarmSolar, Egypt’s pioneering solar energy utility, announced its official expansion into the Cypriot energy market through KarmCyprus, the company’s first international venture. As part of this expansion, KarmCyprus has secured a license to build and operate a 7.6 Megawatt (MW) solar PV plant in Monagroulli, located in southern Cyprus, and expects it to be operational […]
The post KarmSolar Expands to Cyprus with a 7.6 Megawatt Solar Plant first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi chaired the first meeting of the Higher Committee for the Egypt Energy Show (EGYPES 2026) Conference and Exhibition, which will take place from March 30 to April 1, 2026, under the theme “Transforming Energy Through Collaboration, Action, and Realism.” The meeting, held in Cairo, was attended by […]
The post Badawi Chairs First Meeting of Higher Committee for EGYPES 2026 first appeared on Egypt Oil & Gas.
Read moreEni, the Italian oil and gas giant, announced that its oil and gas production has recorded 1.76 million barrels of oil equivalent (mmboe/d) in the third quarter (Q3) of 2025, jumping 6% compared to Q3 2024 and 5% compared to quarter two (Q2) 2025. For 2025 outlook, Eni raised expectations for the oil and gas […]
The post Eni’s Production Surges 6% in Q3 2025 on Strong Operations first appeared on Egypt Oil & Gas.
Read moreIraq’s Ministry of Oil highlighted that the Kirkuk Fields Development Project will raise oil and gas production and curb flaring through effective investment, with the Ministry noting that it will also revive economic activity in the surrounding areas. The first meeting of the Joint Management Committee for the project, led by bp, was recently held […]
The post Iraq Launches Kirkuk Fields Development Project to Boost Oil, Gas Output first appeared on Egypt Oil & Gas.
Read moreThe New Valley Company for Mineral Resources and Oil Clay (Wadico) has inaugurated two projects aimed at enhancing phosphate production efficiency and improving its work environment. The first project is the company’s first ore production line, which employs modern technology to increase the quality of the phosphate produced while operating under environmentally friendly methods. The second project is […]
The post Wadico Launches Eco-Friendly Phosphate Production Facility first appeared on Egypt Oil & Gas.
Read moreThe financial results of Saipem, the global leader engineering and construction company, showed an increase in revenues by 1.6% in Q3 2025, reaching €3.8 billion compared to €3.71 billion in Q3 2024. Furthermore, revenues of the first nine months in 2025 increased 8.4% to €10.98 billion compared to €10.13 billion during the same period in […]
The post Saipem’s Revenues Up 1.6% during Q3, 8.4% in the First Nine Months of 2025 first appeared on Egypt Oil & Gas.
Read moreU.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with President Vladimir Putin over the war, Reuters reported. The measures follow the European Union’s (EU) approval of its 19th sanctions package against Moscow, which includes a […]
The post U.S, EU Tighten Pressure on Russia with Oil, LNG Sanctions first appeared on Egypt Oil & Gas.
Read morebp 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 Exploration License 85 (PEL85), strengthens bp’s growing exploration record for 2025. The Volans-1X well was drilled by the Deepsea Mira semi-submersible rig to a total depth […]
The post BP Confirms Gas Condensate Discovery in Namibia, its 11th Find in 2025 first appeared on Egypt Oil & Gas.
Read moreU.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 reported. When asked about India’s denial that such a conversation took place, the President responded that if India insisted on that […]
The post Trump Threatens Tariffs on India Over Continued Russian Oil Purchases first appeared on Egypt Oil & Gas.
Read moreHalliburton and Aker BP, one of the largest independent upstream producers, successfully completed the first subsea operation on the Norwegian continental shelf using the Enhanced Remote Operated Control System (eROCS) and Optime Tubing Hanger Orientation System (OTHOS). This milestone grows Halliburton’s digital, umbilical‑free capabilities for offshore work. The team installed and correctly aligned a vertical […]
The post Halliburton, Aker BP Execute First Umbilical-Less Tubing Hanger Installation first appeared on Egypt Oil & Gas.
Read moreSLB, the global technology leader in oilfield services and energy transition, announced a 4% increase in revenues in the third quarter (Q3) of 2025, reaching $8.93 billion (Bn) compared to quarter 2 (Q2) 2025. However, revenues declined by 3% year on year (YoY). The company reported pro forma revenue from the Middle East and Asia […]
The post SLB’s Posts Revenues of $8.93bn in Q3 of 2025 first appeared on Egypt Oil & Gas.
Read moreEgypt is planning to build a new liquefied natural gas (LNG) liquefaction and storage terminal in Port Said to supply fuel for the Suez Canal Authority’s (SCA) locomotives. The project was discussed in a recent meeting between Minister of Petroleum and Mineral Resources, Karim Badawi, and SCA Chairman, Osama Rabie. The project aligns with the […]
The post Egypt Plans LNG Terminal in Port Said to Fuel Suez Canal Authority Locomotives first appeared on Egypt Oil & Gas.
Read moreEnergean Italy has resumed production at the Rospo Mare field in the Adriatic Sea, which had been shut down since January 2025 following a platform fire. Production at the field, located 20 kilometers (km) offshore from Termoli and Vasto, restarted on October 12 The field is currently producing over 2,000 barrels per day (bbl/d), with […]
The post Energean Restarts Production at Italy’s Rospo Mare Field first appeared on Egypt Oil & Gas.
Read moreAbu Dhabi National Oil Company (ADNOC) is close to securing European Union (EU) approval for its €14.7 billion ($17 billion) (Bn) acquisition of German chemicals producer Covestro, sources familiar with the matter told Reuters. The European Commission, which is reviewing the deal amid concerns over potential state subsidies, is expected to request minor adjustments to […]
The post ADNOC Nears EU Approval for €14.7B Covestro Takeover first appeared on Egypt Oil & Gas.
Read moreHalliburton, one of the world’s leading providers of energy products and services, has been awarded multiple contracts by Petrobras to provide vessel stimulation, intelligent completions, and safety valves for deepwater fields in Brazil, according to a company announcement. The awards were secured following a competitive bidding process. Under the agreements, Halliburton will deploy its SmartWell® […]
The post Halliburton Wins Multiple Petrobras Contracts for Deepwater Brazil first appeared on Egypt Oil & Gas.
Read moreSaipem, in a consortium with two companies affiliated with the State Oil Company of the Azerbaijan Republic (SOCAR), has been awarded three offshore contracts worth a total of approximately $700 million (Mn) for bp’s Shah Deniz Compression Project in the Caspian Sea, according to a company announcement. Saipem’s share of the contract value is approximately […]
The post Saipem, Partners Secure $700 Mn Contract for bp’s Shah Deniz Project in Azerbaijan first appeared on Egypt Oil & Gas.
Read moreDana Gas, the Middle East’s leading natural gas company, and Crescent Petroleum, the region’s oldest private upstream oil and gas firm, announced the official launch of the commercial gas sales from the KM250 gas expansion project at the Khor Mor facility in the Kurdistan Region of Iraq (KRI). The KM250 project, delivered eight months ahead […]
The post Dana Gas, Crescent Petroleum Launch KM250 Gas Expansion Project Ahead of Schedule in Iraq’s Kurdistan Region first appeared on Egypt Oil & Gas.
Read morebp, the giant integrated energy company, expects its results for the third quarter (Q3) of 2025 to show higher oil and gas production, compared to Q2. The company also expects its gas and low carbon revenues to be lower by $0.1 billion compared to Q2 due to the drop in natural gas prices in the […]
The post bp Expects Higher Upstream Production in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreEngineering for the Petroleum and Process Industries (ENPPI) advanced to its highest-ever positions in the 2025 Engineering News-Record (ENR) international rankings, reflecting strong performance and growing global presence. ENR is a U.S.-based magazine known for delivering in-depth news, analysis, and industry data across the global construction, engineering, and infrastructure sectors. Its well-regarded rankings evaluate companies […]
The post ENPPI Achieves Record Rankings at ENR 2025 Global Lists first appeared on Egypt Oil & Gas.
Read moreOn the sidelines of his participation in the World Energies Summit and the London Energy Forum in the UK ,Karim Badawi, Minister of Petroleum and Mineral Resources, held a series of bilateral meetings with several international energy companies to unveil the investment and expansion opportunities in Egypt. The Minister met with Hongwei Ma, Oversea Exploration […]
The post Badawi Promotes oil and Gas investment opportunities at 2 London Events first appeared on Egypt Oil & Gas.
Read moreKuwait Oil Company (KOC), a subsidiary of the state-owned Kuwait Petroleum Corporation, announced a new natural gas discovery at the offshore Al-Jazah field. The discovery set a historical national production record for a vertical well, exceeding 29 million cubic feet per day (mmcf/d) of gas. KOC estimates the potential gas reserves at the Al-Jazah field […]
The post Kuwait Hits Gas Discovery Off Al-Jazah, Sets Production Record first appeared on Egypt Oil & Gas.
Read moreSONATRACH, the Algerian national oil company (NOC), and the Saudi Midad Energy North Africa signed a $5.4 billion hydrocarbon-sharing contract for the exploration and development of the Illizi South area in Algeria. The agreement, signed on October 13, strengthens Algerian-Saudi energy cooperation and is fully funded by Midad Energy. The company has dedicated $288 million […]
The post SONATRACH, Midad Energy Ink $5.4 Bn Exploration Deal in Algeria first appeared on Egypt Oil & Gas.
Read moreChevron and its Greek partner, Helleniq Energy, are close to concluding a deal with the Greek government for offshore natural gas exploration off the Peloponnese peninsula and the island of Crete before the end of the year, Greece’s Energy Minister, Theodore Papastavrou, announced. The deal covers four deepwater blocks south of Crete and the Peloponnese, […]
The post Chevron, Helleniq Energy Near Gas Deal Offshore Greece first appeared on Egypt Oil & Gas.
Read moreThe Iraqi Ministry of Oil announced the increase of daily oil production at the Nasiriyah oil field to 80,000 barrels, after putting nine wells online, according to Iraq News Agency. Production at the field remains stable across two active sites, B and E, with a total of 36 wells now in operation. In parallel, the […]
The post Iraq Makes Progress in Oil Production, Associated Gas Investments first appeared on Egypt Oil & Gas.
Read moreDuring the Investor Majlis, ADNOC Distribution said that it aims to increase the size of its service station network to 1,150 by 2028, which is 15% more than the previous guidance of 1,000. This target reflects stronger performance across the company’s core business. The Company also announced an updated non-fuel retail target, aiming to double […]
The post ADNOC Distribution Targets Stations Expansion to 1,150 by 2028 first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi held a meeting with Naguib Sawiris, Chairman of In2Metals Holding Company and Orascom Investment Holding, to discuss means of boosting cooperation in the mining sector. The meeting looked at boosting mineral exploration, particularly gold. It also touched on monitoring current partnerships and investments in gold exploration in […]
The post Sawiris, Petroleum Minister Discuss Boosting Gold Exploration first appeared on Egypt Oil & Gas.
Read moreExxonMobil, an American energy giant, is exploring the possibility of returning to operations in Iraq after nearly two years’ hiatus by signing preliminary agreements to begin work on the Majnoon oil field in southern Iraq. The oil field, located about 60 kilometers north of Basra, is recognised as one of the world’s most resource-rich fields, […]
The post ExxonMobil Mulls Resuming Operations in Iraq first appeared on Egypt Oil & Gas.
Read morePeru’s Energy and Mines Minister, Jorge Luis Montero, expects to sign a memorandum of understanding (MoU) with Saudi Arabia in November to collaborate on lithium and other critical mineral projects. The minister plans to travel to Saudi Arabia next month alongside Peru’s foreign minister to finalize broader economic agreements with Gulf nations as part of the country’s […]
The post Peru Targets Saudi, American, Ecuadorian Investments to Revive Energy Sector first appeared on Egypt Oil & Gas.
Read moreShell projects upstream production of 1.79 to 1.89 million barrels of oil equivalent per day (mmboe/d) in the third quarter (Q3) of 2025, up from 1.73 mmboe/d recorded in the second quarter (Q2) 2025, according to a statement by the company. The company also expects liquefied natural gas (LNG) volumes to reach 7 to 7.4 […]
The post Shell Forecasts Higher Upstream Output in Q3 2025 first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources, Karim Badawi, inspected the offshore drilling rig Cairo-2, operated by Modern Drilling Company (MDC) in Alexandria, before its transfer to its next drilling site at Dennis West 1X exploratory well in the Temsah concession, offshore Port Said in the Mediterranean Sea. The Dennis West 1X well, set to be drilled […]
The post Badawi Inspects Cairo-2 Rig Ahead of Deep Drilling in the Mediterranean first appeared on Egypt Oil & Gas.
Read moreMaridive and Oil Services S.A.E Company posted net losses of $22.3million during the first half of 2025, compared to net profits of $1.56 mn during H1 2024. This came in a statement the company has sent to the Egyptian Stock Exchange (EGX). Maridive is Egypt’s largest provider of offshore marine and oil support services and […]
The post Maridive Reports Losses of $22mn in H1 2025 first appeared on Egypt Oil & Gas.
Read moreEni North Africa has resumed offshore exploration operations in Block 16/4 northwest of Libya, after more than five years of suspension. Eni North Africa is a regional subsidiary of the Italian energy giant Eni, and it is responsible for managing the company’s oil and gas operations in North African countries, with a major focus on […]
The post Eni Resumes Drilling in Offshore Libyan Block After Five-Year Hiatus first appeared on Egypt Oil & Gas.
Read moreEight OPEC+ member countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—have agreed to raise oil output by 137,000 barrels per day (bbl/d) in November 2025. The Group increased output targets by more than 2.7 million barrels per day (mmbbl/d) this year. In a virtual meeting held on October 5, the group cited […]
The post OPEC+ to Increase Oil Output by137,000 bbl/d in November, Amid Steady Global Market Conditions first appeared on Egypt Oil & Gas.
Read moreThree major project companies from Egypt’s petroleum sector have been included in the prestigious Engineering News Record (ENR) list of the world’s top 250 construction firms for 2025—widely regarded as the global benchmark in contracting and engineering. The list ranks the world’s top 250 international contractors based on revenue generated from projects outside their home […]
The post ENPPI, Petrojet, and EMC Join ENR Top 250 List first appeared on Egypt Oil & Gas.
Read moreEni and its partners, China National Petroleum Corporation (CNPC), ENH, Kogas, and XRG have announced the Final Investment Decision (FID) for the Coral North Floating Liquefied Natural Gas (FLNG) project, located offshore in Cabo Delgado, northern Mozambique. The project aims to develop gas resources from the northern section of the Coral reservoir in Area 4 […]
The post Eni Develops Coral North FLNG Project Offshore Mozambique first appeared on Egypt Oil & Gas.
Read moreBadr El Din Petroleum Company (Bapetco) has announced the launch of Egypt’s first locally manufactured 17.5-inch drill bit as part of the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to drive innovation in drilling and production, marking a significant milestone for the sector. The drill bit, tailor-made for Bapetco and currently in the final […]
The post Bapetco Launches Egypt’s First Locally-Made Drill Bit first appeared on Egypt Oil & Gas.
Read moreFertiglobe, the world’s largest nitrogen fertilizer producer in the Middle East and North Africa (MENA) region, announced the completion of acquiring the distribution assets of Wengfu Australia Pty Ltd., a leading fertilizer distribution business, through an asset sale and purchase agreement (SPA), strengthening its downstream reach and enhancing supply access for Australian customers. Fertiglobe is […]
The post Fertiglobe Expands in Asia-Pacific, Acquires Australian Fertilizer Distributor first appeared on Egypt Oil & Gas.
Read moreIn a disclosure to the stock exchange, The Egyptian Chemical Industries Company (KIMA), a state-owned listed fertilizer producer, has highlighted the progress achieved in its Kima3-ANNA project to establish a new nitric acid production unit with a capacity of 600 tons per day. It also boasted the developments in its environment-friendly ammonium nitrate unit, which […]
The post KIMA Highlights Progress in Ongoing Projects Despite Decline in FY 24/25 Net Profit first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, a multinational integrated energy and petroleum company, has reached an agreement to sell its interests in the West Ekofisk, Albuskjell, and Tommeliten Gamma fields offshore Norway. The deal is to be completed in Q4 2025, the company said. The announcement follows remarks by Chairman and CEO Patrick Pouyanné, who referred to the sale as […]
The post TotalEnergies Sells Interests in Mature Norwegian Offshore Fields first appeared on Egypt Oil & Gas.
Read moreKKR, a leading global investment firm, has acquired a minority stake in ADNOC Gas Pipeline Assets LLC, deepening its partnership with the Abu Dhabi National Oil Company (ADNOC) and reinforcing its growth strategy in the Middle East. The gas pipeline network connects ADNOC’s upstream assets to local off-takers in the UAE. Pipeline ownership and […]
The post KKR Acquires Minority Stake in ADNOC Gas Pipeline Assets first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources, Karim Badawi, has met with Iman Hill, Country Manager of Vaalco Energy in Egypt, to discuss the US-based company’s plans to expand its operations in Egypt and to utilize renewable energy sources at its operational sites in the Eastern Desert by connecting its production facilities to these sources, according […]
The post Vaalco to Intensify Operations in Eastern Desert first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continental in the Anadarko Basin, Oklahoma, the company reported in a press release. This acquisition of low-cost, long-life assets strategically connected to the Henry […]
The post TotalEnergies Acquires 49% Stake in US Natural Gas Company first appeared on Egypt Oil & Gas.
Read morebp, one of the world’s largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the company’s second new offshore production platform approved in less than two years, bp said in a statement. Tiber-Guadalupe is one of the […]
The post bp Greenlights $5 Billion Tiber-Guadalupe Project in US Gulf first appeared on Egypt Oil & Gas.
Read moreOPEC+ is expected to approve a production increase of at least 137,000 barrels per day (b/d) for November at its upcoming virtual meeting on October 5, according to three sources familiar with the discussions, Reuters reported. This increase is similar in value to the hike in output decided for October’s production but lower than the […]
The post OPEC+ Set to Hike Output by 137,000 B/D in November first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, a major energy company, has entered a new phase of its partnership with industrial artificial intelligence (AI) specialist Cognite, signing a three-year program to deploy Cognite’s data and AI platform across all its operated Exploration and Production (E&P) assets worldwide. The initiative aims to integrate the technology across the value chain, from drilling through […]
The post TotalEnergies Accelerates AI Adoption in Upstream Activities first appeared on Egypt Oil & Gas.
Read moreIraq has resumed crude oil exports from the Kurdistan Region through the Iraq–Turkey pipeline after a halt since March 2023. The resumption began early Saturday, September 27, 2025, under directives from Prime Minister Mohammed Shia al-Sudani, according to Iraq’s Oil Ministry. The operation proceeded smoothly without technical disruptions, overseen by Deputy Prime Minister for Energy […]
The post Iraq Resumes Crude Exports from Kurdistan via Turkey first appeared on Egypt Oil & Gas.
Read moreEni has finalized the sale of a 30% stake in Côte d’Ivoire’s Baleine project to Vitol, the company confirmed. Following the transaction, the ownership of the country’s flagship offshore development will be divided between Eni (47.25%), Vitol (30%), and state-owned Petroci (22.75%). The deal supports Eni’s “dual exploration model,” which focuses on accelerating the monetization […]
The post Eni Taps Dual Exploration Model with 30% Baleine Stake Sale to Vitol first appeared on Egypt Oil & Gas.
Read moreEni has finalized the sale of a 30% stake in Côte d’Ivoire’s Baleine project to Vitol, the company confirmed. Following the transaction, the ownership of the country’s flagship offshore development will be divided between Eni (47.25%), Vitol (30%), and state-owned Petroci (22.75%). The deal supports Eni’s “dual exploration model,” which focuses on accelerating the monetization […]
The post Eni Taps Dual Exploration Model with 30% Baleine Stake Sale to Vitol first appeared on Egypt Oil & Gas.
Read moreEquinor announced that production began on September 19 at the Askeladd Vest subsea field in the Barents Sea, boosting long-term gas supplies to Norway’s Melkøya liquefied natural gas (LNG) plant. The new development includes two wells installed on a subsea template tied back to the Askeladd field, which started production in 2022. Grete B. Haaland, […]
The post Norway’s Askeladd Vest Field Starts Production, Enhancing LNG Supply to Europe first appeared on Egypt Oil & Gas.
Read moreSLB, a leading technology company in the energy sector, has signed a definitive agreement to acquire RESMAN Energy Technology, a specialist in wireless reservoir surveillance solutions. The acquisition, expected to close in early 2026 pending regulatory approvals, strengthens SLB’s offerings in reservoir monitoring and production optimization. RESMAN’s advanced chemical tracer systems enable operators to track […]
The post SLB to Acquire RESMAN, Boosting Reservoir Surveillance and Recovery Solutions first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources, Karim Badawi, met with a delegation from the Saudi Egyptian Investment Company (SEIC), a subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, to discuss investments in Egypt’s petroleum and fertilizer sectors, according to a statement. The meeting reviewed the company’s investments in the petrochemical […]
The post Cairo, Riyadh Deepen Energy Ties with Focus on Petrochemicals first appeared on Egypt Oil & Gas.
Read moreThe Minister of Petroleum and Mineral Resources, Karim Badawi, received Abby Badwi, CEO of Canadian Tag Oil, operating in Egypt’s Badr-1 field in the Western Desert, to discuss the company’s plans to expand its exploration and production activities, particularly from unconventional resources. Egypt’s Minister said that the Western Desert still has promising oil and gas […]
The post Canadian Tag Oil to Expand its Western Desert exploration for unconventional resources first appeared on Egypt Oil & Gas.
Read moreSaudi Aramco, a leading global energy and chemicals company, has finalized a $3 billion international Sukuk offering split into two tranches. Priced on September 10, 2025, the securities are now listed on the London Stock Exchange. The company said in a statement that the issuance includes two tranches: the fist one consisting of $1.5 billion […]
The post Aramco Wraps Up $3 Billion Global Sukuk Deal first appeared on Egypt Oil & Gas.
Read moreEni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas production while advancing new sustainability initiatives. The deal outlines a plan to explore a holistic investment strategy that will help advance […]
The post Eni, OCTP Partners Join Forces with Ghana to Power Energy Growth, Sustainability first appeared on Egypt Oil & Gas.
Read moreDuring the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company […]
The post Baker Hughes Secures Deal with Halfaya Gas to Drive Flare Reduction Initiative in Iraq first appeared on Egypt Oil & Gas.
Read moreThe global average decline rate of oil and gas fields’ production has accelerated sharply, driven by increased dependence on shale and deepwater resources, according to a report released by the International Energy Agency (IEA). This decline has forced companies to put in far greater effort to sustain current production levels. The report showed that onshore […]
The post Global Oil Production Decline Rate Speeds Up: IEA first appeared on Egypt Oil & Gas.
Read moreSubsea7, a global offshore service provider to oil and gas companies, has been awarded a major contract from Saudi Aramco under a long-term agreement (LTA) to develop offshore facilities in Saudi Arabia (KSA). The contract value is estimated to be between $750 million and $1.25 billion. The project’s scope includes the full engineering, procurement, construction, […]
The post Subsea7 Awarded Major Offshore Contract for Saudi Aramco Project first appeared on Egypt Oil & Gas.
Read moreSenior Iraqi government officials met with Patrick Pouyanné, Chairman and CEO of TotalEnergies, to celebrate the launch of the construction of the Common Seawater Supply Project (CSSP) and Phase 2 of the Artawi Oil Field Redevelopment project (Artawi Phase 2 Project). Both are part of the final component of Iraq’s Gas Growth Integrated Project (GGIP), […]
The post TotalEnergies, QatarEnergy to Construct Iraq Gas Project Components first appeared on Egypt Oil & Gas.
Read moreSenior Iraqi government officials met with Patrick Pouyanné, Chairman and CEO of TotalEnergies, to celebrate the launch of the construction of the Common Seawater Supply Project (CSSP) and Phase 2 of the Artawi Oil Field Redevelopment project (Artawi Phase 2 Project). Both are part of the final component of Iraq’s Gas Growth Integrated Project (GGIP), […]
The post TotalEnergies, QatarEnergy to Construct Iraq Gas Project Components first appeared on Egypt Oil & Gas.
Read moreEnergean’s CEO Mathios Rigas said that there are estimations of around 3 trillion cubic feet (tcf) of additional gas beneath its current Egyptian platforms, Reuters reported, citing Rigas. Furthermore, the company announced on Thursday that it secured $4 billion worth of new Israeli gas offtake agreements in the H1 2025, raising its total contracted sales pipeline […]
The post Energean CEO Rigas Says Egypt Holds Additional 3 tcf of Gas first appeared on Egypt Oil & Gas.
Read moreIraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation. The State Oil Marketing Organization (SOMO) unveiled talks to build a pipeline linking Basra to Oman, aiming to broaden export channels, boost capacity, and reinforce Iraq’s output growth. SOMO highlighted […]
The post Iraq Strengthens Energy Ties with Oman, Turkmenistan first appeared on Egypt Oil & Gas.
Read moreAt the Gastech Exhibition and Conference in Milan, Baker Hughes unveiled a plan to allocate around €300 million over the next five years to upgrading and expanding its facilities and plants in Italy. The initiative is intended to address the growing global demand for the company’s technology solutions that promote safe, reliable, and sustainable energy […]
The post Baker Hughes to Invest Nearly €300mn to Develop its Facilities in Italy first appeared on Egypt Oil & Gas.
Read moreThe International Energy Agency (IEA) forecasted a rise in global oil production by 2.7 million barrels per day (mmbl/d), to record 105.8 mmbl/d in 2025, as a reflection of the OPEC+ decision to ease back its earlier oil production cuts. According to report, IEA also expects production to rise by 2.1 mmbl/d, reaching 107.9 mm/d […]
The post World Oil Production Expected to Increase to 105.8 mmbl/d in 2025: IEA first appeared on Egypt Oil & Gas.
Read moreHalliburton, a leading service provider to the oil and gas sector, has introduced the Turing® control system, an upgrade to its SmartWell® technology. This new system helps save time as it manages oil and gas flow more efficiently, allowing companies to get more from each reservoir while drilling fewer wells. The new system uses built-in […]
The post Halliburton Launches New Smart Technology to Upgrade Well Control first appeared on Egypt Oil & Gas.
Read moreWoodside Energy Trading Singapore Ltd and PETRONAS LNG, a subsidiary of Petroliam Nasional Berhad (PETRONAS), have signed a fully termed sale and purchase agreement (SPA) for the delivery of 1 million tons per annum (Mtpa) of liquified natural gas (LNG) to Malaysia starting in 2028, for 15 years. The agreement converts the non-binding Heads of […]
The post Woodside Energy, PETRONAS Ink SPA Agreement for LNG Supply first appeared on Egypt Oil & Gas.
Read moreOn the sidelines of the Gastech 2025 conference, Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi held a meeting with a World Bank delegation led by Zubin Bamji, Director of the Bank’s Global Gas Flaring Reduction Partnership (GFMR). The talks reinforced the strategic partnership between Egypt and the World Bank (WB) in advancing the […]
The post WB Deepens Cooperation with Egypt on Methane Reduction, Gas Flaring Initiatives first appeared on Egypt Oil & Gas.
Read moreUAE-based ADNOC Gas plc stated that its shares will be added to the FTSE Emerging Index, part of the FTSE Russell Global Equity Index Series (GEIS), effective at market open on September 22, 2025. Market analysts estimate that the inclusion could attract up to $250 million in additional investment flows. The inclusion will boost its […]
The post ADNOC Gas Set to Enter FTSE Emerging Index, Attracting Investment Flows Over $250MN first appeared on Egypt Oil & Gas.
Read moreThe eight OPEC+ countries have decided to continue to increase oil production in October by 137,000 barrels per day (bbl/d), which is lower than the increases of September and August of by about 555,000 bbl/d, according to a statement released by OPEC. Led by Saudi Arabia, the group is seeking to reclaim market share but […]
The post OPEC+ to Raise Oil Production by 137,000 bbl/d in October first appeared on Egypt Oil & Gas.
Read moreThe State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA). It added that the negotiations also include other agreements to strengthen storage and refining activities in Asia, emphasizing Iraq’s ongoing status as a major crude oil […]
The post SOMO Negotiates with Exxon for Storage Space in Singapore first appeared on Egypt Oil & Gas.
Read moreTotalEnergies has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum (SAPETRO) for two offshore exploration licenses in Nigeria. Under the deal, TotalEnergies will operate the licenses with an 80% interest, while SAPETRO holds the remaining 20%. The blocks, PPL 2000 and PPL 2001, were awarded in the 2024 Exploration Round organized by the […]
The post TotalEnergies, SAPETRO Sign PSC for Nigerian Offshore Blocks first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, along with its partners QatarEnergy, and Congo’s national oil company Société Nationale des Pétroles du Congo (SNPC), have secured the Nzombo exploration license in the Republic of the Congo. Covering an area of 1,000 square kilometers, the Nzombo block is located about 100 kilometers offshore from Pointe-Noire, close to the Moho production facilities operated […]
The post TotalEnergies Expands Offshore Congo Portfolio through Nzombo Permit first appeared on Egypt Oil & Gas.
Read moreADNOC inked a 15-year Sales and Purchase Agreement (SPA) agreement with the Indian Oil Corporation Ltd (IndianOil), India’s leading integrated energy player, to deliver 1 million tons of liquefied natural gas (LNG) annually, mainly from ADNOC’s lower-carbon Ruwais LNG project. According to the agreement, LNG shipments will be delivered to ports across India, helping to […]
The post ADNOC to Provide IndianOil with LNG from Ruwais Project first appeared on Egypt Oil & Gas.
Read moreBaker Hughes, an energy technology company, won a long-term agreement for supplying services to bp for its Tangguh Liquefied Natural Gas (LNG) plant in Papua Barat, Indonesia. Under the 90-month deal, Baker Hughes will deliver spare parts, repair solutions, and field engineering services for essential turbomachinery—including heavy-duty gas turbines, steam turbines, and compressors—across three LNG […]
The post Baker Hughes Awarded Long-term Agreement to Supply Services to bp’s Tangguh LNG Plant first appeared on Egypt Oil & Gas.
Read moreChina’s Sinopec, one of the world’s largest state-owned energy and chemical companies, signed an agreement to to deliver engineering services for ACWA Power in Yanbu, Saudi Arabia, supporting the development of what will be the world’s largest integrated green hydrogen and green ammonia facility in the country, Reuters reported. The project will harness wind and […]
The post Sinopec to Supply Engineering Services to Saudi Arabia’s ACWA Power in Yanbu first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, along with its partners Equinor and Shell, has successfully sent the first CO2 volumes by a vessel from Heidelberg Materials’ cement factory in Brevik to Northern Lights, the world’s first cross-border CO2 transport and storage facility, in Øygarden, Norway. In a statement, TotalEnergies said that these volumes were injected 2,600 meters below the seabed […]
The post TotalEnergies, Partners Send First CO2 Vessel to Norway’s Northern Lights’ Facilities first appeared on Egypt Oil & Gas.
Read moreIraq has increased its refining capacity to 1.3 million barrels per day (mmbl/d), positioning itself among the top Arab countries in the sector, Iraq News Agency (INA) reported, citing the media office of Iraq’s Prime Minister Mohammed Al Sudani. According to the statement, Iraq is moving closer to its target of reaching 1.65 mmbl/d in […]
The post Iraq Is Close to Self Sufficiency in Petroleum Products first appeared on Egypt Oil & Gas.
Read moreNigeria LNG Ltd (NLNG) has signed agreements with NNPC Ltd and several oil companies to deliver 1.29 billion standard cubic feet of gas per day (bcf/d) for 20 years in support of its liquefaction plants and expansion projects, Reuters reported a statement released by the company. The contracts, which include options for extension, involve partners […]
The post Nigeria LNG Secures Contracts to Deliver Natural Gas for 20 Years first appeared on Egypt Oil & Gas.
Read moreIndian Oil Corporation (IOC), the state-owned multinational oil and gas company, along with Bharat Petroleum (BPCL.NS), have secured Russian crude cargoes for delivery in September and October, marking a return to purchases after the price discounts widened, two company officials told Reuters. These actions could reduce the share of China, the top buyer of Russian […]
The post Indian Companies Imports Russian Oil for September, ignoring Trump’s Threats first appeared on Egypt Oil & Gas.
Read moreChevron, the American oil giant, has signed a Principle Agreement with the Iraqi Oil Ministry to develop the Nasiriyah Project, including four exploration blocks, the Balad oil field, as well as other producing fields and exploration blocks, according to a press statement by the office of the Iraqi Prime Minister, Mohammed Al Sudani. During his […]
The post Chevron Returns to Iraq, Develops Exploration Blocks in Nasiriyah first appeared on Egypt Oil & Gas.
Read moreEni signed an agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock, for selling a share of 49.99% in Eni CCUS Holding, a leading global player in the CCUS sector (Carbon Capture, Utilization and Storage). Eni created Eni CCUS Holding to fully leverage the industrial opportunities and increase […]
The post Eni Sells 49.9 % of its CCUS subsidiary to GIP first appeared on Egypt Oil & Gas.
Read moreAramco, a global leader in integrated energy and chemicals, has signed a $11 billion lease and leaseback agreement for its Jafurah gas processing facilities with a consortium of international investors, led by Global Infrastructure Partners (GIP), which is part of the global investment management company, BlackRock. Under the agreement, a newly established entity named Jafurah […]
The post Aramco Inks a $11 billion Deal with Consortium Led by GIP first appeared on Egypt Oil & Gas.
Read moreRussia’s President Vladimir Putin has signed a decree that enables foreign investors, including US. ExxonMobil, to reclaim its stake in the Sakhalin-1 oil and gas project, Reuters reported. Sakhalin-1 is a major oil and gas development located off the coast of Sakhalin Island in Russia’s Far East. Operated under a production sharing agreement since the […]
The post ExxonMobil May Return to Sakhalin-1, Two Years After Putin’s Takeover first appeared on Egypt Oil & Gas.
Read moreConocoPhillips Skandinavia AS, a US.-based multinational energy corporation, has contracted Halliburton, one of the world’s major energy solutions provider, to supply integrated well stimulation services designed to increase well efficiency and maximize reservoir production. According to Halliburton’s statement, the contract’s term is five years, with the option to extend it for three additional periods. Under […]
The post Halliburton to Provide Well Simulation Services to ConocoPhillips for Improving Operation Efficiency first appeared on Egypt Oil & Gas.
Read moreHayan Abdul-Ghani, the Iraqi Deputy PM for Energy Affairs and Minister of Oil stated that his country is considering resuming exporting oil through the Syrian Baniyas and Lebanese Tripoli pipelines, with the aim to diversify the export routes, Iraq News Agency reported. This came during the minister’s meeting with his Syrian counterpart, Mohammed Bashir, where […]
The post Iraq Considers Exporting Oil through the Historical Syrian Baniyas and Lebanese Tripoli pipelines first appeared on Egypt Oil & Gas.
Read moreThe Q2 2025 operation results of Barrick Gold company showed a gold production surge by 5% and copper by 34% compared to Q1 2025. The strong performance was supported by a strong contribution from Lumwana, a large open-pit copper mine in Zambia, owned and operated by the company. The company mentioned that it produced 204 […]
The post Barrick Gold Posts Solid Q2 Performance in 2025, Powered by Higher Production first appeared on Egypt Oil & Gas.
Read moreDana 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 new investment momentum in Egypt and strong operation in Kurdistan Region of Iraq (KRI). […]
The post Dana Gas Net Profits Surge 1% in H1 2025 YoY, Driven by Strong Performance in Egypt and Iraq first appeared on Egypt Oil & Gas.
Read moreEgypt’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 to ensure the availability of petroleum products and the status of the arrears owed to foreign partners in the petroleum sector. […]
The post Madbouly Reviews Efforts to Boost Petroleum Stockpiles, Pay Arrears to International Oil Partners first appeared on Egypt Oil & Gas.
Read moreADNOC Distribution’s net profits increased by 12% year-on-year (YoY) in H1 2025 to $358 million, according to the company’s financial results. The company also achieved the highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of $566 million during the same half, up 10% YoY. The results emphasized that ADNOC Distribution made records in the […]
The post ADNOC Distribution’s Net Profit Up 12% in H1 2025 YoY first appeared on Egypt Oil & Gas.
Read moreThe Iraqi Minister of Oil, Hayan Abdul Ghani, stated that the country is resuming exporting oil through the Turkish Ceyhan pipeline on August 6 or 7. This came during the opening of several development and rehabilitation projects at oil stations in Kirkuk region. He elaborated that the initial volume of exports amounted to 80,000 barrels […]
The post Iraq Resumes Oil Exports through Turkish Ceyhan pipeline first appeared on Egypt Oil & Gas.
Read moreThe Iraqi Minister of Oil, Hayan Abdul Ghani, stated that the country is resuming exporting oil through the Turkish Ceyhan pipeline on August 6 or 7. This came during the opening of several development and rehabilitation projects at oil stations in Kirkuk region. He elaborated that the initial volume of exports amounted to 80,000 barrels […]
The post Iraq Resumes Oil Exports through Turkish Ceyhan pipeline first appeared on Egypt Oil & Gas.
Read moreHalliburton, one of the world’s leading providers of technology products and services, has awarded a contract to supply completions and downhole monitoring services for the carbon capture and storage (CCS) system of Northern Endurance Partnership (NEP) in northeast England’s East Coast Cluster (ECC),—one of the UK’s flagship CCS projects. NEP is a joint venture (JV) […]
The post Halliburton to Provide Monitoring Services for NEP’CCS first appeared on Egypt Oil & Gas.
Read moreThe National Oil Corporation (NOC), along with the major international oil company ExxonMobil, signed a new Memorandum of Understanding (MoU) after a decade of halt. Under the MoU, ExxonMobil will conduct a detailed technical study of four Libyan offshore blocks located near the northwest coast and the Sirte Basin to identify the resources of hydrocarbons […]
The post ExxonMobil Inks MoU for Developing Four Blocks in Libya first appeared on Egypt Oil & Gas.
Read moreADNOC Gas, a world-class integrated gas processing and sales company, has signed an a 10-year-term agreement with the Indian key energy player, Hindustan Petroleum Corporation Limited (HPCL), to supply it with 0.5 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). The LNG will be pumped from ADNOC Gas’ Das Island liquefaction facility. […]
The post ADNOC Gas to Supply 0.5 mmtpa of LNG to India for 10 Years first appeared on Egypt Oil & Gas.
Read moreThe eight OPEC+ member countries decided to raise oil production by 547,000 barrels per day (bbl/d) in September 2025 from the August 2025 required production level. This adjustment was the result of the steady global economic outlook and current healthy market fundamentals, according to OPEC+ statement. This amount of production is equivalent to four monthly […]
The post OPEC+ to Raise Oil Production by 547,000 bbl/d in September 2025 first appeared on Egypt Oil & Gas.
Read moreOPEC+ member countries are predicted to approve more oil production on Sunday, noting that the members are still discussing the final increase for September, Reuters reported. The group has accelerated production increases in recent months, pointing to low global inventories and growing demand. This came at the time in which the U.S. renews pressure on […]
The post OPEC+ May Approve Additional Oil Production on Sunday first appeared on Egypt Oil & Gas.
Read moreTwo sources from the Indian government stated that the country will continue to buy oil from Russia despite U.S President Donald Trump’s warnings to impose more penalties, Reuters reported. The sources confirmed that there is no change in the country’s plans for oil purchases, attributing this to the long-term contracts it has signed. They also […]
The post India to Continue Purchasing Russian Oil Regardless Trump’s Warnings first appeared on Egypt Oil & Gas.
Read moreShell, the British oil giant, recorded $11.937 billion in Cash Flows From Operations (CFFO) in the first quarter of 2025, compared $9.281 billion in the same quarter of 2024,” reflecting strong operational performance in a less favourable macro environment,” according to a Shell statement. Meanwhile, the company’s adjusted net profit showed a 22 per cent […]
The post Shell Posts $11.9bn in Cash Flows in the 1Q2025 first appeared on Egypt Oil & Gas.
Read moreTurkey will start providing Syria with natural gas on Saturday, August 2, Alparslan Bayraktar, Turkey’s Minister of Energy and Natural Resources, told the Anadolu news agency. Meanwhile, Syrian Energy Minister Mohammed al-Bashir noted in a statement released by his ministry and quoted by Reuters: “Starting August 2, Syria will begin receiving 3.4 million cubic metres of […]
The post Turkey Provides Syria with Azerbaijani gas Starting August 2 first appeared on Egypt Oil & Gas.
Read moreHalliburton, a leading global provider of oilfield services and technologies, launched the LOGIX™ automated geosteering system, a component of its broader LOGIX™ automation and remote operations portfolio. A geosteering system is a technology that uses during drilling to steer the wellbore in real time, ensuring it stays within the most productive part of the reservoir. […]
The post Halliburton Kicks Off Geosteering Solution to Enhance Drilling Operations first appeared on Egypt Oil & Gas.
Read moreSLB, the global energy technology company, launched the new technology “OnWave” which is an autonomous logging platform which enables operation efficiency through providing more efficient and reliable evaluation measurements of a well’s formation at any condition. The company said in a statement that this technology ‘is the first of its kind’ and it works without […]
The post SLB Introduces New Innovation Enabling More Operation Efficiency first appeared on Egypt Oil & Gas.
Read moreBaker Hughes, the global oil and gas innovations supplier, is about to acquire Chart Industries, a U.S-based industrial manufacturing company working in gas-handling systems, through a deal worth $13.6 billion, Reuters reported. Sources said the transaction is expected to be announced in the coming days, though they noted that the agreement is not yet final. […]
The post Baker Hughes in Negotiation to Acquire Chart Industries in $13.6bn Deal first appeared on Egypt Oil & Gas.
Read moreAbdulaziz bin Salman, Saudi Arabia’s Minister of Energy, signed a memorandum of understanding (MoU) with Mohammad Al-Bashir, Syria’s Minister of Energy, to expand energy cooperation between the two countries. The MoU covers the fields of petroleum, gas, petrochemicals, electricity, power interconnection, and renewable energy. The signing was followed by a meeting where the two parties […]
The post Saudi Arabia, Syria Boost Energy Cooperation through New MoU first appeared on Egypt Oil & Gas.
Read moreQatar has warned it may halt gas exports to the European Union (EU) following EU’s announcement for issuing new law of bloc’s due diligence directive (CSDDD) law on forced labour and environmental damage according to a letter sent by Qatar to the Belgian government and reported by Reuters. In the letter, Qatari Energy Minister Saad al-Kaabi […]
The post Qatar Warns EU to Cut LNG Supplies for Labour and Environmental Harm Issues first appeared on Egypt Oil & Gas.
Read moreTotalEnergies’ hydrocarbon production increased by 1% to 1,966 barrels of oil equivalent per day (boe/d) during the first half (H1) of 2025 compared to 1,956 boe/d in H1 2024. The company’s liquid production in H1 2025 amounted to 1,440 barrels per day (bbl/d), while gas production reached 2,807 million cubic feet per day (mmcf/d). Regarding […]
The post TotalEnergies Hydrocarbon Production Increases 1% H1 2025 first appeared on Egypt Oil & Gas.
Read moreEni’s production went down by 2.6% in Q2 2025 compared to Q2 2024; however, it increased by 1.3% sequentially, confirming the positive outlook for the year. According to the company’s results, it achieved net profit of $1.13 billion with a group tax rate of 46.6%. The performance is supported by several internal improvement initiatives, including cost […]
The post Eni’s Production Up 1.3% Sequentially in Q2 2025, Expecting Growth in 2025 first appeared on Egypt Oil & Gas.
Read moreSaipem, an Italian multinational oilfield services company, along with with Subsea 7, a Luxembourgish subsea engineering and construction company, signed a binding merger agreement based on the terms and conditions that have been previously communicated at the Memorandum of Understanding (MoU) that was signed in February 2025. As a result of the merger, a global […]
The post Saipem, Subsea 7 Sign Merger Agreement first appeared on Egypt Oil & Gas.
Read moreTotalEnergies has entered into a strategic partnership with Aspen Technology, a business of Emerson, aimed at deploying advanced digital solutions across its industrial sites. These solutions will help in leveraging the efficiency of real-time data collection leading to improved operational efficiency, reduced energy consumption, and enhanced environmental performance. Within the frame of the partnership, TotalEnergies […]
The post Total Energies, Emerson Cooperate on Large-Scale Solutions for Operation Optimization first appeared on Egypt Oil & Gas.
Read moreBaker Hughes’ financial results showed its revenues reaching $6.9 billion in Q2 2025 compared to $6.459 billion in the previous quarter in 2025 and to $7.526 billion Year-on-Year (YoY). According to the results, the revenues from the Middle East and Asia recorded $1.398 billion in Q2 2025, compared to $1.429 in Q1 2025 and $1.498 […]
The post Baker Hughes Records Revenues of $6.9bn in Q2 2025 first appeared on Egypt Oil & Gas.
Read morebp has appointed Albert Manifold as the new Chair of the company, succeeding Helge Lund. The company’s statement explained that Manifold will join the board by the start of September as non-executive director and chair-elect, and will take over the Chair position starting from October. Manifold served as the Chief Executive Officer (CEO) of CRH […]
The post bp Appoints Albert Manifold as New Chair first appeared on Egypt Oil & Gas.
Read moreTurkey has sent a request to Iraq asking to renew and expand the collaboration between the two countries in energy, the Iraq News Agency reported. The request was attached with a draft for a new inclusive agreement in oil, gas, petrochemical industries, and electricity. This followed Turkey’s announcement to terminate the agreements and protocols signed […]
The post Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement first appeared on Egypt Oil & Gas.
Read moreSLB recorded revenues of $8.55 billion in its financial results for Q2 2025, increasing 1% from Q1 2025 after reaching $8.490 billion, despite a 6% decrease Year-on-Year (YoY). The company recorded $2.369 billion in revenues from the Middle East and Asia, marking a 6% sequential increase, despite being 3% lower YoY. Also, the results showed […]
The post SLB’s Revenues Record $8.55bn in Q2 2025 first appeared on Egypt Oil & Gas.
Read moreIn an official statement, bp announced the selling of its US onshore wind business, BP Wind Energy North America Inc. (bp Wind Energy), to LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector. This transaction supports bp’s strategy to streamline its low carbon energy portfolio […]
The post bp Exits Onshore Wind Business in US first appeared on Egypt Oil & Gas.
Read moreADNOC plans to allocate its ownership stake of 24.9% in OMV AG (OMV) to XRG P.J.S.C. (XRG), its fully owned international investment arm. This planned transfer is pending regulatory approvals.It is expected to support ADNOC’s strategy to centralize its global investment activities under XRG. ADNOC is also moving forward with plans to establish Borouge Group International, […]
The post ADNOC to Reassign its ownership in OMV to XRG. first appeared on Egypt Oil & Gas.
Read moreThe Egyptian Mineral Resources Authority(EMRA) and Aton Resources Company have signed a preliminary deal to amend the Abu Marawat Concession agreement. This came in the presence of the Minister of Petroleum and Mineral Resources Karim Badawi, on the sidelines of the Egypt Mining Forum held during the period between 15- 16 July. The agreement was […]
The post EMRA Mulls Amending Abu Marawat Concession Agreement with Aton first appeared on Egypt Oil & Gas.
Read moreBaker Hughes and Petronas have signed a Memorandum of Understanding (MoU) to form a strategic partnership aimed at exploring business opportunities that could contribute to advancing Asia’s energy growth and transition efforts. According to the MoU, the two companies will work together in enhancing local supply chain capabilities and assessing the potential implementation of various […]
The post Baker Hughes, Petronas Enter Agreement to Support Asia’s Energy Expansion, Transition first appeared on Egypt Oil & Gas.
Read morebp, a major international oil company, posted higher expectations for upstream production during Q2 2025 compared to Q1 2025. The company projects higher oil production and operations primarily in bpx Energy, while slightly higher in gas and low carbon energy. Meanwhile, bp noted that revenues from the gas and low-carbon energy segment are expected to […]
The post bp Projects Higher Upstream production in Q2 2025 first appeared on Egypt Oil & Gas.
Read moreThe African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This came during the opening of the 9th OPEC International Seminar held in Vienna where the Chamber emphasized the urgent need to restore upstream investment […]
The post AEC Calls for Lifting Restrictions on Financing Oil, Gas Projects in Africa first appeared on Egypt Oil & Gas.
Read moreAs part of its $20 billion divestment program, bp is exiting the Netherlands’ retail market through an agreement to sell its Mobility & Convenience and bp pulse operations there to Catom. According to the company’s statement, the transaction, pending regulatory approval, is expected to close by the end of 2025. This move aligns with bp’s […]
The post bp Exits Dutch Retail Market in Major Deal with Catom first appeared on Egypt Oil & Gas.
Read moreOil giant Saudi Aramco is currently negotiating with US-based Commonwealth LNG to purchase liquefied natural gas (LNG) from the planned export terminal in Cameron, Louisiana, according to four sources cited by Reuters. Two of the sources revealed that the discussions involve a potential supply deal of 2 million metric tons per year (mtpa) of LNG. […]
The post Aramco Negotiates to Increase LNG Purchases from USA first appeared on Egypt Oil & Gas.
Read morebp signed a Memorandum of Understanding (MoU) with Libya’s National Oil Corporation (NOC) to evaluate redevelopment opportunities in the mature giant Sarir and Messla oilfields in Libya’s Sirte basin. Under the MoU, bp will also explore the exploration potential of adjacent areas and examine the wider unconventional oil and gas potential within the country. The […]
The post bp to Redevelop Mature Fields in Libya first appeared on Egypt Oil & Gas.
Read moreThrough leading a consortium, ExxonMobil discovered a reservoir of natural gas at a prospect off the island’s coast, Reuters reported, citing Konstantinos Letymbiotis, the spokesperson of the Cypriot government. He explained that drilling operations revealed a 350-meter reservoir of natural gas at a depth of 1.9 kilometers in the Pegasus-1 well. Letymbiotis highlighted that this […]
The post ExxonMobil Makes New Gas Discovery in Cyprus first appeared on Egypt Oil & Gas.
Read moreShell’s trading of integrated gas is expected to decline in Q2 2025 compared to Q1 2025, according to its operational results. The Company’s production recorded 927,000 barrels of oil equivalent per day (boe/d) in Q1 2025, and predicts the production of 900,000- 940,000 boe/d in Q2 2025. Additionally, the company’s liquified natural gas production reached 6.6 […]
The post Shell Expects Lower Integrated Gas Trading during Q2 2025 first appeared on Egypt Oil & Gas.
Read moreSaudi state-owned oil major, Aramco, is considering selling up to five gas-fired power plants to raise cash, Reuters reported, quoting three people familiar with the situation. The decision is part of a broader plan to free up funds that could generate tens of billions of dollars for the company, with the estimates putting the value […]
The post Aramco considers Asset Sales to Raise Cash first appeared on Egypt Oil & Gas.
Read morebp and its partners have signed a series of strategic agreements aimed at expanding their substantial oil and gas portfolio in Azerbaijan. The deals are set to drive future growth, boost production, and strengthen collaboration with the Azerbaijani government and state energy firm SOCAR. Announced during Baku Energy Week, the agreements include final investment decisions […]
The post bp Inks Agreements for Business Growth in Azerbaijan first appeared on Egypt Oil & Gas.
Read moreLiquefied natural gas shipping costs have surged to their highest level in roughly eight months, driven by reduced vessel availability as more tankers are redirected to Asia amid rising tensions in the Middle East, Reuters reported citing Spark Commodities’ data. On Monday, the data showed that the Atlantic freight rate for LNG carriers equipped with […]
The post LNG Freight Prices Surge to Highest Level in 8 Months Due to Tanker Scarcity, Regional Conflict first appeared on Egypt Oil & Gas.
Read moreEgypt became the first African and Arab country to lead the International Gas Union (IGU) in a six-year period after a majority of the IGU’s 94 members voted in favor ot its becoming the union’s vice president (2025–2028) followed by the Presidency (2028–2031). Established in 1931, the IGU is a global non-profit organization that leads […]
The post Egypt Assumes IGU Vice presidential Role, Ahead of 2028 Chairmanship first appeared on Egypt Oil & Gas.
Read moreThe Japanese key gas player, Tokyo Gas, ruled out that the Israel-Iran war will directly affect its liquefied natural gas (LNG) purchases as it gets its LNG neither from the UAE nor Qatar, the company’s CEO Nobuhiro Sugesawa said. Meanwhile, he told Reuters that the company would increase its purchases from the US, from which […]
The post Israel- Iran conflict Would not Affect Tokyo Gas LNG Purchases first appeared on Egypt Oil & Gas.
Read moreWael Sawan, the CEO of Shell stated that his company is being “very careful” with its Middle East shipments, due to the Israel-Iran conflict, to ensure not taking unnecessary risks, Reuters reported. The conflict started on June 13, 2025 and escalated rapidly into a full-fledged exchange of missiles, drones, and air force strikes. Sawan also […]
The post Shell Exercises “Very careful” Strategy with Middle East Shipments first appeared on Egypt Oil & Gas.
Read moreThe International Energy Agency (IEA) released a report on the oil market medium-term outlook, where it expected structural changes in the oil market amidst the outbreak of the Israel-Iran conflict. It forecasted that global oil demand will increase by 2.5 million barrels per day (mmbl/d) between 2024 and 2030, reaching the plateau of around 105.5 […]
The post Oil Supply Growth to Outpace Demand Amid Iran-Israel Tensions: IEA first appeared on Egypt Oil & Gas.
Read moreAlgeria’s National Agency for the Valorisation of Hydrocarbon Resources (ALNAFT) has awarded exploration licenses of five regions, out of six, to leading oil companies through the “Algeria Bid Round 2024” competition. The six proposed areas included Grand M’Zaid located in the Oued Mya basin; Ahara located in the Illizi basin; Reggane II in the Reggane […]
The post Five Blocks Awarded to Major Oil Companies through “Algeria Bid Round 2024” first appeared on Egypt Oil & Gas.
Read moreTotalEnergies acquired PETRONAS interests in multiple blocks offshore Malaysia and in one block offshore Indonesia. The blocks are still under operations of exploration, appraisal and development programs. According to the partnership, TotalEnergies is to take over 50% of PETRONAS’s shares in Blocks SK301b and SK313. Significant gas discoveries were made at these blocks, with production […]
The post TotalEnergies Acquires PETRONAS’s Blocks Shares first appeared on Egypt Oil & Gas.
Read moreA consortium led by ADNOC’s (Abu Dhabi National Oil Company) subsidiary, XRG, including the International Energy Investment Company, ADQ (Abu Dhabi Development Holding Company), and global investment firm Carlyle, has submitted a non-binding indicative proposal to acquire global energy company Santos at a cash offer of $5.76 per share, valuing the deal at $19 billion. […]
The post XRG-Led Consortium Proposes $19B Acquisition of Santos Energy first appeared on Egypt Oil & Gas.
Read moreThe Iraqi Drilling Company (IDC) accelerated the pace of operations in its project to drill 15 oil wells in the Rumaila field, in cooperation with Haliburton and BECL. IDC is a state-owned company working under the supervision of Iraq’s Ministry of Oil. It operates dozens of drilling rigs across the country. During a field visit […]
The post IDC Accelerates Drilling Operations in Iraq’s Rumaila Field first appeared on Egypt Oil & Gas.
Read moreThe International Energy Agency (IEA) stated in a report that any disruption to transit flows in the Strait of Hormuz (SoH) would have significant consequences for global oil and LNG markets. The report, issued in December 2023, notes that prolonged disruption will trigger a sharp surge in oil prices and lead to swift, widespread supply […]
The post Oil Prices Surge, LNG Supplies at Risk if Strait of Hormuz Closes: IEA Report first appeared on Egypt Oil & Gas.
Read moreIn response to Israeli strikes on nuclear targets in Iran, which have heightened political tension in the region, the Ministry of Petroleum and Mineral Resources (MoPMR) has activated a pre-prepared emergency plan to prioritize natural gas allocations This plan includes halting natural gas supplies to some industries, increasing diesel consumption by power plants to the […]
The post In Response to Israel Attacks on Iran, Egypt Activates Emergency Plan for Natural Gas Allocations first appeared on Egypt Oil & Gas.
Read morePetrofac, a leading international service provider to the energy industry, has been awarded an Engineering, Procurement and Construction Management Services (EPCM) contract by ADNOC Gas to expand gas production facilities on Das Island. The project is valued at $1.2 billion. The contract includes providing procurement and construction services to build a new inlet facility, and […]
The post Petrofac to Take Over EPCM Services for ADNOC’s Expansion Project at Das Island first appeared on Egypt Oil & Gas.
Read moreExxonMobil Corporation and the State Oil Company of the Republic of Azerbaijan (SOCAR) signed a Memorandum of Understanding (MoU) to partner on enhancing Azerbaijan’s oil and gas resources. SOCAR President Rovshan Najaf and ExxonMobil Vice President John Ardill signed the agreement. The agreement outlines plans to deepen collaboration in exploration, production, and energy innovation. “We’re […]
The post ExxonMobil Signs a MOU to develop Azerbaijan’s oil and gas Resources first appeared on Egypt Oil & Gas.
Read moreNigeria and Saudi Arabia’s state oil giant, Aramco, are facing challenges in finalising a landmark $5 billion oil-backed loan, according to Reuters. The falling crude prices have raised concerns among banks expected to support the arrangement. Oil-backed loans allow a company or a country to acquire a loan in exchange for future oil production or […]
The post Falling Crude Prices Slows Down an Oil-Backed Deal between Aramco and Nigeria first appeared on Egypt Oil & Gas.
Read moreThe Italian multinational energy giant Eni announced and Argentina’s leading energy company YPF have signed a key agreement to advance the Argentina LNG (ARGLNG) project. The agreement was signed during a meeting between Argentine President Javier Milei and Italian Prime Minister Giorgia Meloni. The agreement outlines the necessary steps to reach a final investment decision […]
The post Eni, YPF Ink Agreement for Large-scale Argentina LNG Project first appeared on Egypt Oil & Gas.
Read moreShell announced approving the final investment decision on the Aphrodite gas project offshore Trinidad and Tobago, Reuters reported citing the company. The project is set to start production in 2027, with expected peak production of 18,400 barrels of oil equivalent per day (boe/d). Shell owns a 45% stake in Trinidad’s Atlantic LNG plant which has […]
The post Shell Approves Aphrodite Gas Project Offshore Trinidad first appeared on Egypt Oil & Gas.
Read moreBaker Hughes, a leading American energy technology company, announced that it entered an agreement with Cactus Inc., a U.S.-based manufacturer of pressure control equipment, to establish a joint venture (JV) that provides surface pressure control (SPC) services. SPC services include oilfield services and equipment used to safely manage and contain pressure during drilling, well intervention, […]
The post Baker Hughes, Cactus Sign Agreement for JV Providing Surface Pressure Control Solutions first appeared on Egypt Oil & Gas.
Read moreAramco, a world leader in integrated energy, announced the successful completion of a $5 billion bonds issuance. The issuance was carried out in three tranches at the London Stock Exchange, under its Global Medium Term Note Program. These tranches were $1.5 billion senior notes maturing in 2030 with a coupon rate of 4.750%; $1.25 billion […]
The post Aramco Completes $5Bn Bonds Issuance first appeared on Egypt Oil & Gas.
Read moreShell Egypt celebrated the conclusion of the training of 1000 entrepreneurs through its annual Itlaqaah program , in collaboration with Flat6labs, Egypt’s leading venture capital firm. This initiative is part of the flagship enterprise development global program, Shell LiveWIRE, aiming to strengthen local economies through entrepreneurship, innovation, and meaningful employment. The training took place through […]
The post Shell Egypt Celebrates Another Batch of Entrepreneurs Completing its Intilaqah Program first appeared on Egypt Oil & Gas.
Read moreSinopec, China’s state-owned oil and gas giant, has launched a hydrogen energy-focused venture capital fund with an initial investment of $690 million, the company said in a statement quoted by Reuters. As the largest fund in China devoted to hydrogen investment, it will focus on early-stage ventures and the development of critical materials, essential equipment, […]
The post Sinopec Launches $690 Million Venture Capital Fund Targeting Hydrogen Energy first appeared on Egypt Oil & Gas.
Read moreThe recently discovered cases of gasoline contamination originated from a shipment with sulphur levels exceeding the permitted limit, said Prime Minister Mostafa Madbouly during his weekly press conference. He further explained that the inspection of imported refined gasoline and diesel is carried out by private laboratories that are not affiliated with the state. Madbouly added […]
The post Madbouly:Shipment with Excessive Sulphur Caused the Gasoline Contamination Cases first appeared on Egypt Oil & Gas.
Read moreExxonMobil announced that it has entered exclusive negotiations with the French unit of Canadian energy group North Atlantic to sell the 82.89 % stake Exxon owns in the French subsidiary Esso, according to Reuters. The sale is planned to be implemented in Q4 2025, at a price of EUR149.19 ($168.82) per share before distributions, or […]
The post ExxonMobil Enters Exclusive Talks with North Atlantic for Esso Share Sale first appeared on Egypt Oil & Gas.
Read moreEni, the Italian oil giant, has signed an exclusivity agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor. According to the agreement, Eni will be negotiating only with GIP-excluding all other competitors, on the sale of the 49.9 per cent Eni holds in Eni CCUS Holding – a leading European player in the […]
The post GIP Gets the Exclusive Right to Negotiate the Purchase of Eni’s Carbon Capture unit first appeared on Egypt Oil & Gas.
Read moreThe Minister of Petroleum and Mineral Resources Karim Badawi has inagurated an integrated operations center for TAQA, an international company focused on Energy solutions, in Egypt. This center serves as a major hub for managing the company’s activities in Egypt and is also considered a launching point for its operations in Africa, according to a […]
The post Badawi Inaugurates TAQA’s New Egyptian Facility first appeared on Egypt Oil & Gas.
Read moreIraq has signed a contract with a consortium consisting of China-based Geo-Jade Petroleum Corporation and Basra Crescent to develop the Iraqi Tuba field and increase its production from 20,000 b/d to 100,000 barrels per day (b/d) , according to Reuters. The project will also include establishing a refinery with a capacity of 200,000 barrels, a […]
The post Iraq, China Sign $848 mn Energy Development Deal in South Basra first appeared on Egypt Oil & Gas.
Read moreAramco, one of the world’s leading integrated energy and chemicals companies, launched the first megawatt (MW)-scale renewable energy storage system using Iron-Vanadium (Fe/V) flow battery to store solar power for natural gas well operations. The 1-MW/hour flow battery system is installed in Wa’ad Al-Shamal, in western Saudi Arabia, to support up to five wells over its […]
The post Aramco Deploys First-Ever Iron-Vanadium Flow Battery for Natural Gas Operations first appeared on Egypt Oil & Gas.
Read moreThe Global energy technology company SLb has launched Retina™ at-bit imaging, which enables identification of rocks formation characteristics to optimize drilling efficiency, formation evaluation, and safety. This solution is the first-of-its-kind and provides accurate measurements, especially at the critical point of first contact between the drill bit and the formation. “Retina provides an unparalleled view […]
The post SLB Launches New ‘Retina’ Solution for Drilling Optimization first appeared on Egypt Oil & Gas.
Read moreSaad Sherida Al-Kaabi, Qatar’s Minister of State for Energy Affairs and President and CEO of QatarEnergy, stated that its LNG project in the USA is set to start production by the end of 2025. He added that its North Field East Expansion Project in Qatar is set to start production by mid-2026. This was mentioned […]
The post QatarEnergy’s LNG Project in USA to Start Production by End of 2025 first appeared on Egypt Oil & Gas.
Read moreEmirati Mubadala Energy has signed an initial agreement with Indonesia’s state-owned fertilizer producer, Pupuk Indonesia, to supply natural gas, Reuters reported, citing Paul Slinger, the Head of Communications at Mubadala Energy. According to the Agreement, Mubadala will supply 115 million standard cubic feet per day (mmscf/d) to Pupuk’s methanol plant and 85 mmscf/d to its […]
The post Mubadala Energy Enters Agreement with Pupuk for Gas Supply first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, the world’s third-largest LNG player, has signed a 20-year agreement to buy million tons per annum (mtpa) of LNG from the Ksi Lisims LNG project in Canada. The deal is pending final approval, according to a company statement. Meanwhile, TotalEnergies acquired a 5% stake in Western LNG, the developer, shareholder, and future operator of […]
The post TotalEnergies’ New Canadian Investment Expands Its Potential in Asia first appeared on Egypt Oil & Gas.
Read moreThe Chairman of the Egyptian Drilling Company (EDC), Osama Kamel, revealed that the company drilled 200 new wells and repaired over 600 in 2024. Showcasing the company’s performance, Kamel noted that it also added two new rigs using the latest technologies in drilling and safety performance maintenance. This was reported during the company’s general assembly […]
The post EDC Drills 200 Wells in 2024, Targets Expansion in New Markets first appeared on Egypt Oil & Gas.
Read moreIran, one of the largest oil exporting countries and a key player in the Organization of the Petroleum Exporting Countries (OPEC), has recently increased its oil storage capacity by adding 2 million barrels, after starting the operation of two tanks that have been upgraded at Iran’s Kharg oil terminal in the operational zone. The reconstruction […]
The post Iran’s Boosts Oil Storage Capacity with 2M barrels first appeared on Egypt Oil & Gas.
Read moreTurkey has made new natural gas discovery in the Black Sea with reserves amounted to 75 billion cubic meters (bcm), Turkish Radio and Television Company (TRT) reported quoting President Recep Tayyip Erdogan. “Our work at the Goktepe-3 well (in the Black Sea), which began on March 27 with our 7th-generation drilling ship Abdulhamid Han, was […]
The post Turkey Makes a $30bn New Gas Discovery in the Black Sea first appeared on Egypt Oil & Gas.
Read moreChariot Limited, an energy group focused on Africa, announced on May 14 that Energean plc has returned its Moroccan offshore interests to Chariot. The transfer includes Energean’s full stake in a subsidiary that held 45% of the Lixus Offshore license and 37.5% of the Rissana Offshore license. In 2023, Chariot sold a portion of its […]
The post Chariot Takes Over Energean’s Moroccan Offshore Interests first appeared on Egypt Oil & Gas.
Read moreEni, the Italian energy giant, started the production of natural gas from the Merakes East Field located in the Kutei basin, offshore Indonesia. The field is expected to produce up to 100 million standard cubic feet per day (mmscf/d), equivalent to 18,000 barrels of oil equivalent per day (boe/d). The field is connected to the […]
The post Eni Expands Its Indonesian Operations with Production Starting in a New Gas Field first appeared on Egypt Oil & Gas.
Read moreOman is not planning to sell interests in natural gas fields, noted a statement issued by the Omani Ministry of Energy. The statement quoted Saleh Al Anboori, Director General of Exploration and Production of Oil & Gas, Omani Ministry of Energy and Minerals, as denying the circulating rumours about Oman’s mulling selling natural gas assets […]
The post Oman Denies Reports Of Gas Assets Sale first appeared on Egypt Oil & Gas.
Read moreSaudi oil giant Aramco reported a 4.6 % decline in its net profits during the first quarter (Q1) of 2025 to reach $26 billion. The retreat in profits came on the back of increased capital expenditures, which increased by 15.9 % YOY $12.5 billion to support the company’s plans for long-term strategic growth. The results […]
The post Aramco’s net profit fell by 4.6 % in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreHarbour Energy operational results showed a 190% increase in its production volumes, reaching 500,000 barrels of oil equivalent per day (boe/d) during the first quarter (Q1) of 2025. The production was split into 40% liquids, 40% European natural gas, and 20% non-European natural gas. The company, a major player in the oil and gas industry […]
The post Harbour Energy Q1 2025 Production Surges By190% first appeared on Egypt Oil & Gas.
Read moreNigeria’s oil regulator stated that ExxonMobil will invest $1.5 billion in developing its deepwater operations in the country, Reuters reported. The company will pump this amount of money, during the period between the second quarter (Q2) 2025 through 2027, in developing the Usan deepwater oilfield, located on the key offshore block OML 138 in the […]
The post ExxonMobil to Pump $1.5B to Invest in Nigerian Oilfield first appeared on Egypt Oil & Gas.
Read moreADNOC Distribution, one of Abu Dhabi National Oil Company (ADNOC) subsidiaries and the UAE’s largest fuel and convenience retailer, reported a growth in its net profit by 16%, to reach $174 million during Q1 2025, compared to $150 million during Q1 2024. It added that its earnings before interest, taxes, depreciation, and amortization (EBITDA) reached […]
The post ADNOC Distribution Records 16% Profit Growth YoY during Q1 2025 first appeared on Egypt Oil & Gas.
Read moreADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by 7% Year on Year (YoY) after reaching $1.27 billion during Q1 2025 compared to $1.187 billion in Q1 2024. According […]
The post ADNOC Gas’ Net Income Grow 7% YoY in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreADNOC Gas plc, one of the affiliated companies of the Abu Dhabi National Oil Company (ADNOC) and a world-class integrated gas processing and sales company, announced that it achieved increase in its net income by 7% Year on Year (YoY) after reaching $1.27 billion during Q1 2025 compared to $1.187 billion in Q1 2024. According […]
The post ADNOC Gas’ Net Income Grows 7% YoY in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreThe European Union (EU) will announce a plan to prohibit new Russian natural gas agreements by the end of this year and gradually terminate current contracts with Moscow by the close of 2027, according to three EU officials cited by Reuters. The decision was in response followed the elimination of Russian fossil fuel imports after […]
The post EU to Unveil Strategy to End Russian Natural Gas Imports by Late 2027 first appeared on Egypt Oil & Gas.
Read moreThe European Union (EU) will announce a plan to prohibit new Russian natural gas agreements by the end of this year and gradually terminate current contracts with Moscow by the close of 2027, according to three EU officials cited by Reuters. The decision was in response followed the elimination of Russian fossil fuel imports after […]
The post EU to Unveil Strategy to End Russian Natural Gas Imports by Late 2027 first appeared on Egypt Oil & Gas.
Read moreExxonMobil Corporation, the American gas and oil giant, reported a 7.3 per cent decline in its net profits during the first quarter of 2025 to reach $7.7 billion compared to $8.2 billion in the same quarter of 2024. Exxon Mobil attributed the drop in net profits to the significant decline in industry refining margins, weaker […]
The post ExxonMobil posts a 7% drop in profits, a cash flow of $13 billion in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreTotalEnergies, the world’s third-largest LNG player, and OQ Exploration and Production (OQOP), Oman’s national oil company, celebrated the groundbreaking of the Marsa LNG plant in the port of Sohar, in the northern part of the Sultanate. The plant is built by Marsa LNG, a joint venture between TotalEnergies (80%) and OQEP (20%), and is set […]
The post TotalEnergies Celebrates Groundbreaking of Oman’s Marsa LNG Plant first appeared on Egypt Oil & Gas.
Read moreShell is studying the feasibility of acquiring the British oil giant, British Petroleum , according to Bloomberg. One key factor in the decision would be the performance of the British company’s shares, as it would affect the value of the buying offer. The stocks of BP had been on the decline for some time, losing […]
The post Shell Explores BP Acquisition, reports strong Q1 results first appeared on Egypt Oil & Gas.
Read moreOPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May. This comes as per the group’s agreement in December 2024 to gradually phase out the 2.2 million bbl/d output cut through monthly […]
The post OPEC+ Introduces Another Output Increase in June first appeared on Egypt Oil & Gas.
Read moreEquinor reported strong financial and operational performance during the first quarter (Q1) of 2025. According to the results, Equinor delivered adjusted operating income of $8.65 billion and $2.25 billion after taxes. The company reported net operating income of $8.87 billion and net income at $2.63 billion. Adjusted net income was $1.79 billion, leading to adjusted […]
The post Equinor Reports Strong Performance during Q1 2025 first appeared on Egypt Oil & Gas.
Read morebp announced its financial results for the first quarter (Q1) of 2025, reporting underlying replacement cost (RC) profits of $104 billion compared to $1.2 billion for the previous quarter and $2.7 billion during the same period of 2024. The statement revealed that the company’s profit attributable to shareholders for Q1 2025 reached $687 billion, compared […]
The post bp’s Underlying RC Profits Reach $1.4B in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreBaker Hughes, an energy technology company, reported a 39.5% reduction in emissions intensity for its scope 1 and 2 greenhouse gas (GHG) emissions compared to its 2019 baseline, as outlined in its 2024 Corporate Sustainability Report (CSR). This achievement highlights the company’s commitment to delivering lasting value through sustainability, supported by strong corporate governance and […]
The post Baker Hughes Records 39.5% Emissions Intensity Reduction first appeared on Egypt Oil & Gas.
Read moreWoodside has announced a final investment decision (FID) to move forward with its Louisiana LNG development, a major project consisting of three production trains with a total capacity of 16.5 million tons per annum (Mtpa). The company is targeting first LNG production by 2029. Woodside’s project will enable the company to deliver approximately 24 Mtpa […]
The post Woodside Approves $17.5B Louisiana LNG Project, Targets 2029 Start first appeared on Egypt Oil & Gas.
Read moreThe Acting Head of Engineering and Development at the National Iranian Oil Company Reza Aqebati announced that they will allocate $41 billion of investment packages to develop 50 natural gas fields, among them 35 projects aimed to increase gas production capacity by 500 million cubic meters per day (mmcm/d). Aqebati said that in a specialized […]
The post Iran to Develop 50 Gas Fields to Increase Production by 500 MMCM/D first appeared on Egypt Oil & Gas.
Read moreBaker Hughes announced its financial results for the Q1 2025 noting that it has achieved revenues worth $6.427 billion compared to $4.18 year-on-year (YoY). The company’s statement showed that it recorded orders of $6.5 billion, including $3.2 billion of IET orders. Also, its attributable net income reached $402 million. “Baker Hughes started the year strong, building […]
The post Baker Hughes Revenues Amount to $6.4 B in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreBaker Hughes announced its financial results for the Q1 2025 noting that it has achieved revenues worth $6.427 billion compared to $4.18 year-on-year (YoY). The company’s statement showed that it recorded orders of $6.5 billion, including $3.2 billion of IET orders. Also, its attributable net income reached $402 million. “Baker Hughes started the year strong, building […]
The post Baker Hughes Revenues Amount to $6.4 B in Q1 2025 first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi showcased the Ministry’s remarkable operational results during the period between July 2024 to March 2025 to the members of the House of Representatives, along with the plans of the petroleum sector. The results were announced during his regular meeting with the parliamentary councils to enhance cooperation and […]
The post Badawi Showcases Sector’s Remarkable Progress in 9 Months first appeared on Egypt Oil & Gas.
Read moreMoataz Atef, the Undersecretary for Minister’s Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR), held a press conference with petroleum journalists and reporters form various mass media outlets. The conference aimed to affirm the cooperation and vital role of the petroleum media in showcasing the sector’s efforts and delivering […]
The post MoPMR Highlights Media’s Role for Oil, Gas Sector in Press Conference first appeared on Egypt Oil & Gas.
Read moreMinister of Petroleum and Mineral Resources Karim Badawi met with bP’s Executive Vice President for Gas and Low Carbon Energy, William Lin, along with other bp officials, to talk about the company’s business progress, investments plans in Egypt, and the development of its new two major discoveries in the Mediterranean region. Furthermore, Badawi discussed with […]
The post bp Shares Updates on New Mediterranean Region Discoveries first appeared on Egypt Oil & Gas.
Read moreEgypt Oil and Gas Group (EOG) launched the fourth edition of She Is Energy event on April 14 at the Triumph Luxury Hotel in Cairo, hosting key industry leaders to reflect on the remarkable role of women who are shaping the future of energy and celebrating their accomplishments, while spotlighting work done for them through […]
The post She Is Energy: EOG Honoring Influential Women in the Sector first appeared on Egypt Oil & Gas.
Read moreEgypt Oil and Gas (EOG) Group has launched the fourth edition of “She Is Energy” Event on April 15, 2025 at Triumph Luxury Hotel. The Workshop was technically prepared by Egypt’s Women in Energy Network which is a part of the EOG Committee. The workshop was opened by a keynote speech of Eleanor Rowley, Managing […]
The post She Is Energy’s Fourth Edition: Showcasing Women’s Impact in the Energy Sector first appeared on Egypt Oil & Gas.
Read moreThe Abu Dhabi National Oil Company (ADNOC) announced that it signed a 15-year Sales and Purchase Agreement (SPA) with Mitsui & Co., Ltd., to supply up to 0.6 million tons per annum (mtpa) of lower-carbon liquified natural gas (LNG) from its Ruwais LNG project. This marks the fifth long-term LNG SPA for Ruwais LNG and […]
The post ADNOC, Mitsui Ink SPA for Supplying Lower-carbon LNG first appeared on Egypt Oil & Gas.
Read moreThe International Energy Agency (IEA) announced that global oil demand growth forecast for 2025 has been revised down to 730,000 barrels per day (bbl/d), a decrease of 300,000 bbl/d from the March report. The agency said that this decline is due to the escalating trade tensions that left a negative impact on the economic outlook. […]
The post IEA Cut Oil Demand Expectations for 2025 first appeared on Egypt Oil & Gas.
Read moreOn the sidelines of the US-Algeria Energy Forum 2025, SONATRACH and its partner, Occidental Petroleum (Oxy), signed two Memoranda of Understanding (MoUs) to consolidate and expand their cooperation through new partnership opportunities in hydrocarbon exploration and production in Algeria. The first MoU defines the framework for discussions in regards to assessing cooperation opportunities to develop […]
The post SONATRACH, Oxy Enter Agreements to Expand Hydrocarbon Cooperation first appeared on Egypt Oil & Gas.
Read morebp announced an oil discovery at its Far South prospect in the deepwater US Gulf of America. In a statement, the company said that it drilled the exploration well in Green Canyon Block 584, located in western Green Canyon, about 120 miles off the coast of Louisiana, in water depths of 4,092. Both the initial […]
The post bp Unveils New Oil Discovery at Gulf of America. first appeared on Egypt Oil & Gas.
Read moreThe Organization of the Petroleum Exporting Counties (OPEC) announced that it revised down the oil demand growth expectations for 2025 to 1.3 million barrels per day (mmbbl/d) compared to last year. It attributed this adjustment to the impact of the recently announced US tariffs. The organization explained that the oil demand in the Organization of […]
The post OPEC Lowers Forecast for Oil Demand in 2025 first appeared on Egypt Oil & Gas.
Read moreThe National Iranian Gas Company (NIGC) announced that it delivered a total of 6.49 billion cubic meters (bcm) of natural gas to the industrial sector, including power plants, petrochemical units, steel producers, and cement factories, during the 18-day period from March 20 to April 7. According to Tehran Times, this marks a 6.89% increase compared […]
The post Iran’s Gas Flow to Industry Climbs 6.89% in 18 Days first appeared on Egypt Oil & Gas.
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