Egypt’s government reviews strategic petroleum reserves, sector payments
Egypt's Prime Minister, Moustafa Madbouly, held a meeting on Sunday to review the availability of Egypt’s strategic…
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oil sector
Egypt’s petroleum min. inspects EGP 2b refinery upgrades in Alexandria
Egypt’s Petroleum Minister Karim Badawy on Sunday inspected development and modernisation projects worth more than…
Egypt’s energy needs secured for 5 years, foreign partners’ dues halved: PM
Egypt has secured its natural gas and energy requirements for the next five years and cut outstanding payments to…
Saudi. Arabia’s GDP grows 3.9% in Q2 2025
Saudi Arabia’s real Gross Domestic Product (GDP) grew 3.9 per cent in the second quarter of 2025 compared with the…
S. Arabia’s real GDP sees rises in Q1 ’25
Saudi Arabia’s real GDP grew by 3.4 per cent in the first quarter of 2025 compared to the same period in 2024,…
Norway’s oil, gas investment to hit record in ’25
Norway’s oil and gas investments are set to reach a record 269.1 billion crowns ($26.62 billion) in 2025, up from…
Egypt approves methane reduction roadmap in oil sector
The Egyptian Cabinet approved an agreement to develop a roadmap for reducing methane emissions between the Egyptian…
European shares inch up, boosted by commodity stocks
European shares saw a slight increase early on Monday, with the pan-European STOXX 600 index rising by 0.1 per cent…
GUPCO starts production at North Safa oil field in Suez Gulf
The Gulf of Suez Petroleum Company (GUPCO) has started oil production from the first well at Safa North Petroleum…
Iraq, UAE’s Crescent launch 3 deals to develop oil and gas fields
Iraq launched three energy contracts with UAE's Crescent Petroleum to develop three oil and gas fields in Iraq,…