APPO appoints Farid Ghezali as new Secretary General
The African Petroleum Producers’ Organization (APPO) appointed Farid Ghezali as its new Secretary General,…
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oil industry
Egypt’s GUPCO unveils new oil find in Gulf of Suez, adding 3,000 bpd
Egypt’s Ministry of Petroleum on Thursday announced a new oil discovery in the Gulf of Suez by the Gulf of Suez…
Egypt’s PBS Min. inspects Tanta Flax modernisation efforts
Egypt’s Minister of Public Business Sector Mohamed Shimi met with Gharbia Governor Ashraf El Gendy during a visit…
Oil tanker crisis intensifies as Red Sea attacks divert trade
The oil tanker industry’s old warnings about a shortage of new ships are now impacting the market due to Houthi…
ExxonMobil agrees to buy Pioneer in $59.5bln deal
ExxonMobil agreed on Wednesday to buy Pioneer Natural Resources, operating in shale oil industry, in a deal worth…
Shell to sell 37.5% stake in PCK Schwedt refinery – sources
Shell in talks to 37.5 percent stake in Germany's PCK Schwedt refinery to Poland's Unimot without specifying a…
BP profit declines by 70% in Q2 of 2023 – report
UK oil and gas major BP has reported on Tuesday a decline in profits by 70 percent to record $2.6 billion (£2…