Sinopec Reports 19.3% H1 Profit Increase Despite Lower Refining Volumes
Sinopec, China’s state-owned oil and gas giant, is expanding its energy operations amid shifting domestic demand and global market uncertainty.
operational results | Egypt Oil & Gas
Petrosalam Targets Higher Crude Oil Output After Reaching 2,547 bbl/d
Petrosalam achieved average daily crude oil production of 2,547 barrels per day (bbl/d) and recorded 1.6 million safe working hours, according to Chairman Abdel Hamid Hussein Gewaily.
This came during the g ...
Suez Oil Company Increased Proven Reserves by 3.9 mmbbl
Suez Oil Company (SUCO) increased its proven reserves by 3.9 million barrels (mmbbl) of oil and improved drilling efficiency by cutting drilling time from 80 days to 49 days during fiscal year (FY) 2025/26. The co ...
Magawish Petroleum Targets 3.2 mmbbl in Reserves
Magawish Petroleum (Magapetco) plans to increase its reserves to 3.2 million barrels while maintaining strong safety performance, as part of a development strategy with partner Trident Petroleum. The plan includes ...
Egypt Expands Exploration Frontier with Landmark Western Desert Seismic Survey
Egypt is preparing a seismic survey spanning about 110,000 km² in the western Western Desert near the Libyan border, aimed at building a new geological and geophysical database and attracting oil and gas investmen ...
ADNOC Drilling Reports Record Q1 2026 Net Profit
ADNOC Drilling, the UAE’s Oilfield drilling services company, recorded its strongest-ever first-quarter (Q1) performance for the period ended March 31, 2026, reporting a net profit of $347 million, a 2% year-on-ye ...
Khalda Strikes 15 Discoveries in H1 2025/26
Khalda Petroleum Company, a joint venture(JV) between the US-based Apache Corp and the Egyptian General Petroleum Corporation (EGPC), made 15 oil discoveries and bolstered its reserves by approximately 15 million ...
Baker Hughes Posts $6.6 Bn Revenue in 1Q 2026
Baker Hughes reported a solid first quarter (Q1) of 2026, with revenue reaching $6.6 billion, up 2% compared to the same period in the previous year, supported by strong demand in its Industrial and Energy Technol ...
Eni Reports 9% Production Surge Q1 2026
Global energy major Eni reported oil and gas production growth by 9% in the first quarter (Q1) of 2026, supported by project ramp-ups in West Africa and Norway, alongside new start-ups in Angola. The increase came ...
Modern Gas Posts 49.6 % Increase in Profits in 2025
Modern Gas, an Egyptian joint-stock company, recorded a net profit of EGP 209 million during fiscal year (FY) 2025, yielding a 49.6% year-on-year (YoY) growth rate, according to Wael Gowayed, the company’s Chairma ...
