Maridive Approves Up to $16 Mn for New Offshore Support Vessel

• Monday, 26th October 2026
• by Fatma Ahmed

Maridive and Oil Services, an Egyptian company specializing in offshore marine and oil support services, has approved capital expenditure of up to $16 million to purchase a new-build anchor handling tug supply (AHTS) ...

ASCOM Reports Surge in 2025 Revenues

• Thursday, 16th July 2026
• by Tarek Abdallah

ASEC Company for Mining (ASCOM), a regional mining company, reported net profits in both its standalone and consolidated financial statements for the fiscal year ended December 31, 2025. According to the company’...

Kenya to Cut Power CAPEX

• Wednesday, 9th November 2016
• by Egypt Oil & Gas

Kenya Power, the country’s sole electricity distributor, said it expected capital expenditure to fall 16% in its current financial year as it spends less on maintaining its grid. The company said capital expendi...

US Drillers to Cut Capital Spending by 30%

• Tuesday, 9th February 2016
• by Egypt Oil & Gas

A group of 44 US oil and gas drillers will need to cut their capital budgets by an additional 30% to balance their lowered income, according to an analysis by IHS Inc., cited by Bloomberg. Based on IHS’s low-cas...