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News

@EgyptOilandGas
egyptoil-gas.com

Qalaa Holdings Doubles Stake in ERC

1+ day, 2+ hour ago   (281+ words) Qalaa Holdings’ Board of Directors has approved expanding its indirect stake in the Egyptian Refining Company (ERC), one of the group’s energy assets. The move will see Qalaa’s effective ownership rise from 13.0% to 27.1%, underscoring its long-term commitment to Egypt’s downstream…...

@EgyptOilandGas
egyptoil-gas.com

UAE, Germany Seal Energy, AI Partnerships Enabling???5 Bn Investment

1+ day, 8+ hour ago   (368+ words) The agreements were signed during UAE President Sheikh Mohamed bin Zayed Al Nahyan’s state visit to Germany, according to ADNOC. The deals follow the UAE’s announcement of €40 billion in intended long-term investment in Germany and build on more than €20 billion…...

@EgyptOilandGas
egyptoil-gas.com

QatarEnergy Explores US LNG Deals to Offset Production Losses

1+ day, 9+ hour ago   (325+ words) QatarEnergy is in talks with several US liquified natural gas (LNG) producers to secure multi-year supply agreements extending through 2031, as the company seeks to make up for production capacity lost following attacks on its Ras Laffan facilities, according to three…...

@EgyptOilandGas
egyptoil-gas.com

MoPMR, Kenya Discuss Green Manufacturing, Biofuel Cooperation | Egypt Oil & Gas

2+ day, 2+ hour ago   (216+ words) Egypt’s Ministry of Petroleum and Mineral Resources (MoPMR) discussed cooperation with Kenya to exchange expertise in green manufacturing, biofuels, energy efficiency and emissions reduction, as both sides seek closer coordination on energy and climate projects. The talks took place during…...

@EgyptOilandGas
egyptoil-gas.com

Dangote Refinery IPO Approved by Nigeria???s SEC

4+ day, 8+ hour ago   (306+ words) The refinery plans to offer 4.1 billion ordinary shares at NGN 525 per share, potentially raising approximately NGN 2.15 trillion ($1.63 billion) if fully subscribed, according to a company statement reported by Reuters. The order book is expected to open on September 14, while a…...

@EgyptOilandGas
egyptoil-gas.com

Aster Shifts Crude Buying to Americas, Africa Amid ME Disruptions

4+ day, 9+ hour ago   (199+ words) Singapore-based Aster Chemicals and Energy has shifted part of its crude procurement toward the Americas and Africa after disruptions to Middle Eastern oil supplies caused by the ongoing Iran war, Reuters reported. The refiner previously sourced about 70% of its crude…...

Google News
egyptoil-gas.com

US Gas Output and Demand Set for Record Highs in 2026???27

4+ day, 9+ hour ago   (261+ words) US natural gas supply and demand are expected to reach record highs in 2026 and 2027, according to the US Energy Information Administration’s (EIA) Short-Term Energy Outlook. Dry natural gas production is projected to increase from a record 107.6 billion cubic feet per…...

@EgyptOilandGas
egyptoil-gas.com

Energean Records 45% Rise in H1 2026 Profit

5+ day, 3+ hour ago   (382+ words) Energean plc, a London-based independent exploration and production company, reported a 45% year-on-year (YoY) increase in profit after tax to $160 million during the first half (H1) of 2026, according to the company’s latest results. Free cash flow rose 35% YoY to $250 million, while net…...

@EgyptOilandGas
egyptoil-gas.com

Sinopec: China???s Oil Demand to Fall 8.9% in 2026

5+ day, 3+ hour ago   (198+ words) China’s oil demand is expected to fall by 600,000 barrels per day(bbl/d), or 8.9%, in 2026, marking the third consecutive annual decline, according to China Petroleum & Chemical Corporation (Sinopec)’s research arm. The drop reflects weaker gasoline and diesel consumption and…...

@EgyptOilandGas
egyptoil-gas.com

Oil Prices Surpass $100 amid Supply Concerns

5+ day, 5+ hour ago   (203+ words) Egypt Oil & Gas Oil Prices Surpass $100 amid Supply Concerns International oil prices climbed above $100 per barrel on September 9 for the first time since July as escalating military confrontations involving Iran, the US, and Houthi forces intensified concerns over global oil…...