The International Energy Agency (IEA) said more than 400 million barrels (mmbbl) of oil from emergency reserves will start entering global markets soon as part of a coordinated effort to ease a surge in crude pric ...
The International Energy Agency (IEA) has urged countries to coordinate a release of emergency oil reserves during an online meeting with finance ministers from the Group of Seven (G7), according to Japan’s Financ ...
Kuwait Petroleum Corporation (KPC) has begun cutting crude oil production and declared force majeure amid ongoing disruptions to energy shipments through the Strait of Hormuz as the conflict between US and Iran en ...
Petrobel, the joint venture between Eni and the Egyptian General Petroleum Corporation (EGPC), has started production from the Belayim Offshore 133 well in the Gulf of Suez at an initial rate of 1,500 barrels of c ...
Fitch Solutions expects Egypt’s annual natural gas production to increase by 8% Year-on-Year (YoY) in 2026, reaching 46.6 billion cubic meters (bcm) compared to 2025. This growth follows a production decline durin ...
The Gulf of Suez Petroleum Company’s (GUPCO) aims to increase its production from 65,000 barrels of oil per day (bbl/d) currently to 75,000 bbl/d in fiscal year (FY) 2026/27, Abdul Wahab El-Maghawry, the company's ...
Petrobakr and South Ghazalat Petroleum Companies plan a total investment of $121 million for the fiscal year (FY) 2026/27, targeting a daily crude oil output of 14,000 barrels, Khaled Mounir, Chairman of Petrobakr ...
Four petroleum sector companies have successfully made new discoveries in the Western Desert, yielding a total estimated production of over 5,200 barrels per day (b/d) of crude oil and condensates, alongside appr ...
Venezuela expects to attract around $1.4 billion in investment this year for projects operating under oil production-sharing contracts promoted by the government, up from about $900 million last year, Interim Pres ...
