Egypt’s Khalda Petroleum announces new oil, gas discoveries
Khalda Petroleum Company announced three new discoveries of crude oil and gas in its concession areas in the…
Browsing Tag
gas
Oil falls 3% on Thursday
Oil prices fell over 3 percent on Thursday after US President Donald Trump announced new tariffs, sparking concerns…
Egypt’s PMS signs MoU with AVEVA, MEEG to drive digital innovation in oil, gas sector
Egypt's Petroleum Marine Services (PMS) signed on Tuesday a tri-party memorandum of understanding (MoU) with…
S. Arabia’s annual inflation up to 2.0% in Jan
Saudi Arabia’s annual inflation rate stood at 2.0 per cent in January 2025 compared to a year earlier, driven by an…
Egypt, World Bank discuss progress on transport, industrial development projects
Egypt and the World Bank reviewed progress on key transport and industrial infrastructure projects, including the…
S. Arabia’s IPI rises in Dec ’24
Saudi Arabia's Industrial Production Index (IPI) rose by 2.1 per cent in December 2024 compared to the same month…
URGENT: ExxonMobil Egypt discovers gas-bearing reservoirs in N. Marakia Block
ExxonMobil Egypt (Upstream) Limited has successfully completed the drilling of the Nefertari 1 well in the North…
S. Arabia’s annual inflation 1.9% up in Dec ’24
Saudi Arabia's annual inflation rate reached 1.9 per cent in December 2024, driven by higher housing, water,…
S. Arabia’s AHQ signs cooperation deals with Egypt’s Tanmia, Enppi, Petrojet
Saudi Arabia’s Abdel Hadi Abdullah AlQahtani & Sons (AHQ) signed on Tuesday two framework agreements with three…
Europe’s gas reserves depleted as cold weather boosts demand
Europe is rapidly depleting its gas reserves amid cold weather, with storage levels now just over 70 per cent full,…
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