Aramco, one of the world’s largest oil producers, reported adjusted net income of $31.2 billion in the third quarter (Q3) of 2026, up 9.1% from its level in the same period of 2025, supported by stronger financi...
The UAE’s state-owned energy company, Abu Dhabi National Oil Company (ADNOC) has signed a multi-year partnership with U.S.-based OpenAI and UAE technology company G42 to deploy advanced artificial intelligence a...
Egypt is seeking to accelerate the project to connect Cypriot natural gas to its infrastructure and expand cooperation with French energy company TotalEnergies to advance exploration, production, and gas investment op...
With the aim of attracting new investment and exploring innovative financing mechanisms in Egypt’s oil and gas sector, Petroleum Minister Karim Badawi and Investment Minister Mohamed Farid signed a cooperation protoco...
Egypt and Saudi Arabia have signed a memorandum of understanding (MoU) to strengthen cooperation in oil, natural gas , and petrochemicals and expand trade in petroleum products, according to a statement by Egypt’s Min...
Vaalco Energy, a US-based independent energy company, has completed the third phase of its offshore drilling campaign in Gabon, reporting positive results from the ETSEM-3H well in the Southeast Etame field. Vaalco ac...
The Egyptian Parliament approved on July 22 four oil and natural gas exploration and production (E&P) agreements. The concessions include an onshore project in North Sinai involving Perenco, a UK-French independen...
Prime Minister Mostafa Madbouly announced that Egypt is proactively strengthening its energy security by increasing strategic reserves of petroleum products and other essential commodities, according to a statement re...
North Bahariya Petroleum Company (NORPETCO) has completed its first development well under its fiscal year (FY) 2026/2027 drilling program, reaching the target depth four days ahead of schedule and saving an estimated...
Several international energy companies signed a series of non-binding agreements and memorandums of understanding (MoU) with Iraqi officials, valued at more than $60 billion, during the US-Iraq Business Summit in Wash...