- 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%
Performance
ADNOC Gas Reports Record $5.2 Billion Net Profit in 2025
ADNOC Gas plc posted a record net profit of $5.2 billion (AED 19.10 billion) in 2025, marking a 3% increase from the previous year. This growth was driven by a 4% rise in sales and, according to the company’s press release, “demonstrates resilience despite a 14% year-on-year drop in average Brent crude prices to $69 per barrel.” “2025 represented a pivotal stage in the journey of ADNOC Gas, during which it achieved record profits while simultaneously continuing to invest in growth plans. This strong performance confirms the resilience and scalability of the company’s business, as well as its ongoing significant role on the global stage." Fatema Alnuaimi, CEO of ADNOC Gas, said.
Egypt
Egypt Highlights Mining Reforms,Potential in Africa's Indaba Conference
The Ministry of Petroleum and Mineral Resources is participating with a high-level delegation in the activities of Africa’s Mining Indaba 2026 conference, held in Cape Town, South Africa, from February 9th to 12th. Egypt's participation in this year's edition comes within the framework of promoting the new investment climate in the mining sector and showcasing the structural reforms and investment incentives recently implemented by the Ministry. It also aims to highlight legislative amendments designed to streamline procedures and attract major international corporations, as well as medium and small-sized companies, in the field of gold and mineral exploration and exploitation.
dialogue
EGPC Outlines Strategic Priorities for Egypt’s Oil and Gas Sector
Within the framework of the Ministry of Petroleum and Mineral Resources' directives, the Egyptian General Petroleum Corporation (EGPC) organized an extensive meeting that included the new chairmen and operations managers of petroleum sector companies, alongside several supporting companies.
Shell
Shell's Adjusted Earnings Records $3.3 Bn in Q4 2025
Shell reported adjusted earnings of $3.3 billion for the fourth quarter of 2025, representing a 39% decrease compared to the third quarter. For the full year, the company’s adjusted earnings reached $18.5 billion, a decline of $5.2 billion from the previous year.
Dana Gas
Dana Gas Posts $130 Mn Profits in 2025, Bets on Egypt's Drilling Campaign to restore growth
Dana Gas, the Middle East’s largest regional private sector natural gas company, has reported a net profit of AED 476 million ($130 million) for the full year 2025 compared to AED 553 million ($151m) in 2024. While average Egyptian production declined 23% year-on-year to 12,600 boe/d due to natural field depletion, the company expects its 2026 drilling campaign to stabilize output and restore growth. Seven more wells are planned in Egypt in 2026, with the Daffodil exploration well already spudded in January.
JV
Atlantic Sea LNG Seeks Massive US LNG Deal to Fuel Southern Europe
Atlantic Sea LNG Trade, a joint venture between Greece’s DEPA Commercial and Aktor Group, is negotiating to secure up to 15 billion cubic meters (bcm) of US liquefied natural gas (LNG) annually. The proposed 20-year agreement aims to cement Greece’s position as a critical energy gateway for Southeast Europe as the continent prepares to phase out Russian gas imports by late 2027.
India
US Rescinds Punitive Tariffs on India Following Shift in Russian Oil Imports
US President Donald Trump has signed an executive order rescinding a 25% punitive duty on all imports from India, the White House announced on February 6. The move marks a significant de-escalation in trade tensions triggered by India’s high-volume procurement of Russian crude oil following the 2022 invasion of Ukraine.
APRC
EGPC CEO Inspects Alexandria Refineries to Monitor Production Upgrades
Salah Abdel Kerim, CEO of the Egyptian General Petroleum Corporation (EGPC), conducted an extensive field tour of major refining facilities in Alexandria, following directives from Karim Badawi, Minister of Petroleum and Mineral Resources, to optimize asset utilization and improve refinery efficiency. The visit targeted operational updates at Amreya Petroleum Refining Company (APRC), Alexandria Petroleum Company (APC), and Middle East Oil Refinery (MIDOR), according to a statement by the Ministry of Petroleum and Mineral Resources (MoPMR).
