ADNOC Gas Signs $3 Bn Deal with HPCL for 10-Year Gas Supply

• Tuesday, 20th January 2026
• by Fatma Ahmed

ADNOC Gas plc and its subsidiaries have signed a sales and purchase agreement with Hindustan Petroleum Corporation Limited (HPCL), valued between $2.5 and $3 billion over a ten-year period. ADNOC Gas has converted a previously signed Heads of Agreement (HoA) with Hindustan Petroleum Corporation Limited (HPCL) into a long-term sales and purchase agreement (SPA) valued at $2.5–$3 billion. The deal covers the export of 0.5 million tons per year (mtpa) of LNG from ADNOC Gas’ Das Island facility, which has a capacity of 6 mtpa and has delivered over 3,500 cargoes globally.

Egypt Boosts Dana Gas Production by 27mmscf/d during 2025

• Monday, 19th January 2026
• by Fatma Ahmed

Dana Gas, the Middle East's leading private natural gas company, has drilled four wells in Egypt throughout 2025  and completed a workover program across three additional wells, boosting the total production of its Egyptian activities to  27 million standard cubic feet per day (mmscf/d) of gas by the end of the year, alongside an uplift in reserves, noted a press release by the company.

The company said that it plans to drill seven more wells in 2026 as part of the program, with the next one—Daffodil—set to spud in January. Further evaluations are ongoing to pinpoint additional rework opportunities for 2026, it added.

Basra Gas Company Sees Rising LNG Exports, Plans New Project to Boost Volumes

• Monday, 19th January 2026
• by Fatma Ahmed

Basra Gas Company (BGC) has announced a strategic expansion of its export capacity, including a new large-scale project to export refrigerated liquefied natural gas (LNG) within two years, according to the Iraqi News Agency (INA). BGC Production Director Marfaa Al-Asadi stated that natural gas projects in the Rumaila and Zubair fields have reached advanced stages. The upcoming phase will focus on completing the remaining developments over the next four years while enhancing the stability and efficiency of existing facilities.

US Grants Lukoil More Time to Exit Global Holdings

• Monday, 19th January 2026
• by Doaa Ashraf

The US Treasury has pushed back the implementation of sanctions on Russian energy major Lukoil until February 28, giving the company additional time to negotiate the divestment of a large portion of its international portfolio across Europe, the Middle East, Africa, and Latin America, according to Reuters.

US Accelerates Expanding Chevron’s Venezuela Oil License

• Sunday, 18th January 2026
• by Fatma Ahmed

The US is moving rapidly to grant Chevron an expanded license to boost its oil production and exports from Venezuela, US.Energy Secretary Chris Wright. Under the proposed changes, Chevron would be allowed to pay royalties and taxes in cash rather than crude, enabling the company to market all of the oil it produces in the country instead of being limited to exporting about half under its current license.

Chevron to Expand Leviathan Gas field Capacity to 21bcm

• Saturday, 17th January 2026
• by Samar Samir

Chevron Corporation has reached a Final Investment Decision to expand the production capacity of the Leviathan natural gas field offshore Israel. The expansion plans would increase the field's annual production to 21 billion cubic meters (bcm), designated to meet both Israel's growing energy needs and exports to neighbouring countries, according to a company press release.

“Our decision to invest in the expansion of Leviathan’s production capacity reflects our confidence in the future of energy in the region. Pragmatic U.S. and regional energy policies are helping to strengthen energy security across the Eastern Mediterranean and foster an environment that encourages investment in the Middle East and globally,” said Clay Neff, president of Chevron Upstream.

bp Expects Flat Q4 Upstream Production Amid Revenue Pressure

• Thursday, 15th January 2026
• by Fatma Ahmed

bp, the British energy major, revealed that its upstream production in the Q4  2025 is expected to be broadly in line with the previous quarter, according to company guidance, with stable output in oil production and operations offset by lower volumes in the gas and low-carbon energy segment.

Bahrain’s Bapco,TotalEnergies Launch Trading JV

• Thursday, 15th January 2026
• by Fatma Ahmed

TotalEnergies and Bahrain’s state energy company Bapco Energies have announced the launch of BxT Trading, a new equally owned joint venture designed to strengthen Bahrain’s position in global oil markets. The venture will be backed by flows from Bapco Energies’ refinery, marking a strategic step in expanding the kingdom’s downstream trading capabilities.

The signing ceremony took place in Abu Dhabi, attended by  Shaikh Nasser bin Hamad Al Khalifa, Representative of His Majesty the King of Bahrain for Humanitarian Works and Youth Affairs and Chairman of Bapco Energies, alongside Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies.

ExxonMobil Prepares to Restart Venezuelan Crude at Baton Rouge Louisiana Refinery

• Wednesday, 14th January 2026
• by Fatma Ahmed

Exxon Mobil is making preparations to resume processing Venezuelan crude oil at its large Baton Rouge, Louisiana refinery. The facility, which has a capacity of about 522,500 barrels per day (b/d), previously handled heavy, sour crude from Venezuela but stopped doing so after U.S. sanctions were imposed on the South American nation. The move marks a potential shift in operations amid evolving oil market dynamics, though the company has not publicly commented on the plans.

ADNOC Distribution Launches World’s 6th Largest Superfast EV Hub

• Wednesday, 14th January 2026
• by Fatma Ahmed

ADNOC Distribution, the UAE’s leading mobility and convenience retailer, kicked off one of the world’s largest superfast electric vehicle (EV) charging hubs, outlined plans to equip the nation's highway network with electric vehicle infrastructure by late 2027.