Egypt’s GUPCO records $432mln total investment in 2022/23
The Gulf of Suez Petroleum Company (GUPCO) has recorded a total investment of $432 million in field of research,…
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oil and gas
Egypt approves 3 draft petroleum commitment deals
The Egyptian cabinet approved three draft petroleum commitment agreements with a total minimum drilling of 13…
Iraq finishes two thirds of Grand Faw Port
Iraq, the OPEC member, has completed around two thirds of the Grand Faw Port project, said Iraq’s Transport…
Egypt’s fuel subsidies drop 2% YoY in FY2022/23
Egypt's Petroleum subsidies fell by two percent year on year (YoY) to reach 58 billion Egyptian pounds during the…
BP invests $10 mln in biofuel firm
BP, the British multinational oil and gas firm, are investing $10 million in WasteFuel, a biofuels company that…
Shell shareholder meeting discontinued by climate protesters
The annual general shareholder meeting of Shell was discontinued on Tuesday due to climate activists protesting…
European energy markets face 3 main challenges – IEA’s chief
The International Energy Agency's (IEA) head, Fatih Birol, said that he expects European oil markets to face three…
EPA to regulate power plants emissions for 1st time
Environmental Protection Agency (EPA) is set to announce on Thursday a new proposal regulating emissions from power…
Aramco posts 19% drop in Q1 profit
Saudi Arabia oil gaint Aramco posted on Tuesday its first quarter’s earnings, reporting net income of $31.9 billion…
BP profit rises to $5bln in Q1 – report
UK oil and gas BP reported on Tuesday a $5 billion profit in the first quarter, representing the second-best…