Maridive Returns to Black in Q1 2025 on Higher Revenues, Leaner Cost Base
Maridive & Oil Services delivered a financial rebound in the first quarter of 2026, returning to profitability on the back of higher revenues and disciplined cost control.
Operations | Egypt Oil & Gas
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 con ...
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 an ...
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 th ...
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 i ...
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 fi ...
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 othe ...
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 ...
ENI’s IEOC Advances Operations in Zohr and Nargis Fields, Highlights Sustainability Efforts
The Minister of Petroleum and Mineral Resources Karim Badawi received Francesco Gaspari, President of IEOC, ENI’s subsidiary in Egypt, where they discussed the latest developments of its operations in Egypt especi ...
Pharos Energy to Extend Operations at Two Vietnam Oil, Gas Fields to 2031/32
UK-based oil and gas explorer, Pharos Energy has received approval from the government to extend the license of TGT and CNV fields by five years in Vietnam, allowing operations to continue into the early 2030s.
