UAE President Approves ADNOC’s $150bn Five-Year Investment Plan

• Tuesday, 25th November 2025
• by Fatma Ahmed

His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), chaired the annual meeting of the Abu Dhabi National Oil Company (ADNOC) Board of Directors at the Habshan complex. During ...

GASCO’s GA Approves Authorized Paid-up Capital Increase

• Tuesday, 7th November 2023
• by Sarah Samir

Minister of Petroleum and Mineral Resources, Tarek El Molla, attended the extraordinary general assembly meeting of the Egyptian Natural Gas Company (GASCO). The company’s general assembly approved an increase i...

ExxonMobil Announces $7.9B of Earnings in Q2 2023

• Tuesday, 1st August 2023
• by Sarah Samir

ExxonMobil Corporation announced achieving earnings of $7.9 billion in Q2 2023. Meanwhile, the company’s exploration expenditures and capital recorded $6.2 billion during Q2 and $12.5 billion for the first half of 202...

Shell to Write Off Up to $5B After Exiting Russia

• Thursday, 7th April 2022
• by Fatma Ahmed

Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia, Reuters reported. This amount is more than previously disclosed, despite the fact that the increase in oil and gas ...

Kuwait Sets $155 Billion Capital for Five Year Development Plan

• Monday, 12th January 2015
• by Egypt Oil & Gas

The Kuwaiti government has set capital spending in the five-year development plan starting in April at KD 45.5 billion ($155 billion), a majority of which will be spent on projects and development of human resources, ...

Citadel Capital Portfolio Company Divests Offshore Gulf of Suez Asset

• Tuesday, 18th December 2012
• by Egypt Oil & Gas

Citadel Capital, the leading private equity firm in the Middle East and Africa with US$ 9.5 billion in investments under control, confirmed portfolio company National Petroleum Company Egypt Ltd. (NPC Egypt) has dives...