Operations | Egypt Oil & Gas
Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base
Maridive & Oil Services reported a profit in the first quarter (Q1) of 2026, supported by higher revenues and lower costs. According to the unaudited standalone financial results approved by the Board of Directors...
ADNOC Says Operations Remain Steady Amid Regional Tensions
The Abu Dhabi National Oil Company (ADNOC) affirmed that its oil and gas operations remain fully operational, despite escalating regional tensions following reported US and Israeli strikes on Iran, heightening concern...
US Issues General Licenses for Venezuela, Reopening Access for Global Majors
The US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued a sweeping relaxation of sanctions on Venezuela’s energy sector. The move grants two general licenses that allow international oil and ga...
Aramco, Microsoft Sign MoU to Advance Industrial AI
Saudi Aramco, the global energy leader, and Microsoft, the technology innovation giant, have signed a non-binding memorandum of understanding (MoU) to explore a range of digital initiatives aimed at accelerating the d...
Equinor, Shell Complete UK North Sea Joint Venture Adura
Equinor and Shell have officially completed a transaction to combine their United Kingdom (UK) offshore oil and natural gas operations into a new joint venture company, Adura, becoming the UK North Sea’s largest...
Chevron Returns to Iraq, Develops Exploration Blocks in Nasiriyah
Chevron, the American oil giant, has signed a Principle Agreement with the Iraqi Oil Ministry to develop the Nasiriyah Project, including four exploration blocks, the Balad oil field, as well as other producing...
Sinopec Shanghai Petrochemical to Boost Operations with $2.91B Investments
Sinopec Shanghai Petrochemical Company has announced plans to invest 21.31 billion yuan ($2.91 billion) to upgrade its operations aimed at maintaining the company’s crude oil processing capacity and implement ot...
PetroMalek, PetroZenima Review their Plans for FY 2025/26
In attendance of EGPC Chairman Salah Abdel Kerim, South Abu Zenima Petroleum company (PetroZenima) and Malek Petroleum Company (PetroMalek) held their general assembly, discussing the plans for the fiscal year (FY) 20...
