Iraq Considers Exporting Oil through the Historical Syrian Baniyas and Lebanese Tripoli pipelines

• Wednesday, 13th August 2025
• by Fatma Ahmed

Hayan 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 they discussed the mutual cooperation between the two countries in the fields of oil, gas, and energy.  

Barrick Gold Posts Solid Q2 Performance in 2025, Powered by Higher Production

• Tuesday, 12th August 2025
• by Fatma Ahmed

The 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.

ExxonMobil Begins Production from Yellowtail Project Offshore Guyana

• Sunday, 10th August 2025
• by Doaa Ashraf

US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barrels per day (bbl/d) of oil throughout the year, and a storage capacity of two million barrels from the operating vessel.

Baker Hughes Completes $540Mn Acquisition of Continental Disc Corporation

• Sunday, 10th August 2025
• by Doaa Ashraf

Baker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated.

Harbour Energy Increases Free Cash Flow in H1 2025

• Sunday, 10th August 2025
• by Sarah Samir

Harbour Energy announced strong unaudited half-year results for the period ending June 30, 2025, driven by a successful operational execution and the benefits of its recent Wintershall Dea asset portfolio acquisition. The company has upgraded its full-year free cash flow outlook to approximately $1 billion, up from the previous $0.9 billion.

Iraq Resumes Oil Exports through Turkish Ceyhan pipeline

• Thursday, 7th August 2025
• by Fatma Ahmed

The 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 per day (bbl/d), after the agreement with the Kurdistan region.

Halliburton to Provide Monitoring Services for NEP’CCS

• Wednesday, 6th August 2025
• by Fatma Ahmed

Halliburton, 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.

ExxonMobil Inks MoU for Developing Four Blocks in Libya

• Tuesday, 5th August 2025
• by Fatma Ahmed

The 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 there. 

Saudi Aramco Reports $50.9bn Net Income in H1 2025

• Tuesday, 5th August 2025
• by Sarah Samir

Saudi Aramco, one of the world's leading integrated energy and chemicals companies, reported a half-year adjusted net income of $50.9 billion, with a net income of $24.5 billion for the second quarter. The figures came in its financial results for the first half of 2025. 

ADNOC Gas to Supply 0.5 mmtpa of LNG to India for 10 Years

• Monday, 4th August 2025
• by Fatma Ahmed

ADNOC 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).