- Crude Oil (WTI) 72.07 USD/bbl +1.27%
- Crude Oil (Brent) 76.00 USD/bbl +1.40%
- NYMEX Natural Gas 2.32 USD/MMBtu +6.14%
- OPEC Basket Price 76.06 USD/bbl -0.41%
UEE
UEE Partners with Misr El Kheir to Strengthen Ras Gharib’s Healthcare , Education
United Energy Egypt (UEE) has signed a cooperation protocol with Misr El Kheir Foundation to support healthcare services and launch the UEE Technical and Vocational Education Center in Ras Gharib, as part of its commitment to advancing sustainable development and empowering local communities The cooperation includes the development of the blood bank, emergency unit, and radiology unit at Ras Gharib Central Hospital, aiming to enhance the quality and efficiency of healthcare services provided to citizens.
Decarbonization
PETRONAS Launches Malaysia Bid Round 2026, Offering Nine Exploration Blocks
Through Malaysia Petroleum Management (MPM), Petronas has officially launched the Malaysia Bid Round 2026 (MBR 2026) under the theme “Advantaged Energy: Accelerating and Shaping Tomorrow,” as part of efforts to reinforce Malaysia’s standing as a leading destination for upstream investment.
QatarEnergy
Eni, QatarEnergy Secure Offshore Block O1 in Libya’s 2025 Licensing Round
Through a consortium, Eni and QatarEnergy have won the offshore exploration License O1 as part of Libya’s National Oil Corporation (NOC) 2025 competitive bid round, further consolidating the their upstream footprint in the country.
Egypt
Italian Energy Players Eye Opportunities in the Egyptian Market
Minister of Petroleum and Mineral Resources, Karim Badawi, met with Agostino Palese, the Italian Ambassador to Cairo, to discuss ways to enhance cooperation between the two countries in the oil and gas sector and to follow up on the implementation status of petroleum projects in which Italian companies operating in Egypt are involved.
BP
bp Reports $3.4 Bn Loss in Q4 2025 and Suspends Share Buybacks
The British energy company, bp, reported a loss for the fourth quarter (Q4) 2025 worth $3.4 billion, a significant decline from the $1.2 billion profit recorded in the third quarter. Following these results, the board has decided to suspend share buybacks and fully allocate excess cash to accelerate the strengthening of the company’s balance sheet, according to a press release by the company.
Zeeland refinery
TotalEnergies Reports Net Income of $2.9 billion in Q4 2025, Takes Full Ownership of Zeeland Refinery
TotalEnergies, global integrated energy major, achieved net income of $ 2.9 billion in the fourth quarter (Q4) 2025, decreasing by 21% compared to Q3 2025. TotalEnergies has regained full ownership of the Zeeland refinery in the Netherlands after reacquiring the remaining 45% stake from Russia’s Lukoil, two sources told Reuters.
investment
Badawi Engages Global Investment Banks to Accelerate Investments
Karim Badawi, Minister of Petroleum and Mineral Resources, presented the latest reforms, incentives, and opportunities within the petroleum and mining sectors during a roundtable meeting with a group of International financial institutions and investment banks, including JPMorgan, EIG, Rothschild & Co., BlackRock, Jefferies, and Kirkland & Alice. The meeting, which took place on February 10, was also attended by Ahmed Kouchouk, Minister of Finance, and Hassan El-Khatib, Former Minister of Investment and Foreign Trade According to the Ministry of Petroleum and Mineral Resources (MoPMR), the meeting seeks to open new channels with financial institutions to secure funding for faster project execution and to promote direct investment in priority projects, thereby maximizing sector returns Badawi said the ministry is working to attract investments through new investment models and targeted incentives designed to further attract the private sector.
ARCIUS Energy Plans
ARCIUS Energy Unveils Five-Year Investment Program in Egypt
Karim Badawi, Minister of Petroleum and Mineral Resources, discussed with Naser Al Yafei, CEO of ARCIUS Energy, the joint venture between the UAE’s ADNOC Group and the UK’s bp, the company’s expansion plans in Egypt and its ambitious operational program for the upcoming five years, focusing on natural gas exploration and production. Meanwhile, Badawi emphasized that the Ministry has recently taken steps to encourage ARCIUS Energy to increase investment in Egypt, noting that a task force from the Egyptian Natural Gas Holding Company (EGAS) held a joint workshop with the company to coordinate cooperation and identify investment opportunities, according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
