Saudi Aramco Halts Juaymah LPG Exports After Pipeline Collapse

• Thursday, 26th February 2026
• by Doaa Ashraf

Saudi Aramco has halted Liquefied Petroleum Gas (LPG) exports from its Juaymah terminal in eastern Saudi Arabia after structural damage to part of the delivery system carrying propane and butane, according to Reuters.

The incident occurred on February 23, prompting Aramco to activate its emergency response plan. Propane and butane shipments scheduled from Juaymah over the next few weeks have been canceled, while the company evaluates the scope and duration of the impact. The company reported no leaks or injuries, and exports from its West Coast facilities remain unaffected.

US to Authorize Venezuelan Oil Resale to Cuba’s Private Sector

• Thursday, 26th February 2026
• by Samar Samir

The US Treasury Department would grant licenses for companies to resell Venezuelan oil to Cuba’s private sector, according to a Reuters report citing official guidance. The move aims to alleviate the island’s acute energy crisis following the halt of Venezuelan oil shipments in January. The crisis intensified after Washington assumed control of Venezuela's oil exports following the capture of leader Nicolas Maduro.

Eni’s Production Hikes by 7% YoY in Q4 2025

• Thursday, 26th February 2026
• by Sarah Samir

Eni's oil and gas production rose by over 7% year on year (YoY) from its global portfolio during Q4 of 2025, reaching 1.84 million barrels of oil equivalent per day (boe/d), thanks to the accelerated start-ups and ramp-ups as well as excellent base business performance, the company said in a statement.

Saipem Delivers €15.5 Bn Revenue, Sets 2026 Guidance

• Wednesday, 25th February 2026
• by Fatma Ahmed

Italy’s engineering and construction group Saipem reported growing financial results in 2025, with full-year revenue rising 6.5% year-on-year (YoY) to €15.497 billion. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 29.1% YoY to €1.716 billion.

Chevron in Exclusive Talks to Acquire West Qurna 2 Oilfield in Iraq

• Tuesday, 24th February 2026
• by Fatma Ahmed

Chevron has begun exclusive negotiations with Iraq over the massive West Qurna 2 oilfield, bringing it closer to taking over the asset from Russian producer Lukoil, which is under sanctions.

Saipem Wins Additional Offshore Pipeline Contract in Saudi Arabia

• Tuesday, 24th February 2026
• by Fatma Ahmed

The Italian contractor, Saipem, has secured an additional offshore contract in Saudi Arabia under its existing Long-Term Agreement with the energy major, Saudi Aramco, the company said.

The award, structured as a Contract Release Purchase Order (CRPO), covers the engineering, procurement, construction, and installation (EPCI) of a 48-inch trunkline at the Safaniya oil field, one of the world’s largest offshore oil fields.

Sinoun Oil Field Resumes Output After Extended Shutdown

• Monday, 23rd February 2026
• by Fatma Ahmed

The Arabian Gulf Oil Company (AGOCO) has restarted operations at the Sinoun oil field in the Nalut area, as part of the broader strategy of the National Oil Corporation (NOC) to raise production and improve operational efficiency.

Saudi Aramco to Launch First Jafurah Exports

• Monday, 23rd February 2026
• by Fatma Ahmed

State energy giant Saudi Aramco is preparing to launch its first exports from the $100 billion Jafurah gas project later this month, following the sale of several ultra-light crude (condensate) cargoes to global majors.

Russia’s February Oil and Gas Revenues Seen Nearly Halving on Stronger Rouble

• Sunday, 22nd February 2026
• by Fatma Ahmed

Russia’s state income from oil and gas is projected to fall sharply in February to around 410 billion roubles, nearly half the level recorded in the same month of 2025. The decline is attributed to the appreciation of the rouble and lower global oil prices.

North Oil Company Begins AB2 Station Preparations, Restores Gas Supply

• Sunday, 22nd February 2026
• by Fatma Ahmed

The North Oil Company (NOC) has successfully restored gas pumping operations at the AB2 compression station in Kirkuk, following a swift emergency response to a technical malfunction early Saturday.