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News
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…...
Saudi Arabia Shuts East-West Oil Pipeline After Drone Attack | Egypt Oil & Gas
2+ day, 3+ hour ago (265+ words) Saudi Arabia has temporarily shut its East-West oil pipeline after a drone attack, cutting a key route the kingdom has used to bypass shipping disruptions through the Strait of Hormuz, according to Reuters. The 1,200-kilometer pipeline carries crude across Saudi…...
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…...
Energean to Invest $150Mn to Consolidate Egyptian Assets, Boost Exploration
5+ day, 5+ hour ago (485+ words) Energean, a London-based independent exploration and production company, is advancing the consolidation of its Abu Qir, North El Amriya (NEA) and North Idku (NI) concessions into a single concession framework, according to the company’s release. This consolidation will support a…...
NORPETCO Produces 12,700 b/d, Invests $91.4 Mn in FY 2025/26 | Egypt Oil & Gas
5+ day, 8+ hour ago (203+ words) North Bahariya Petroleum Company (NORPETCO), an Egyptian oil exploration and production company, drilled 13 wells and produced production of 12,700 barrels per day (b/d), while carrying out $91.4 million in operational, asset enhancement, and facilities development investments during the fiscal year (FY) 2025/26. The…...
Shell Lubricants Egypt Partners With TAQA Petroleum to Expand Product Access
6+ day, 1+ hour ago (231+ words) Shell Lubricants Egypt has partnered with TAQA Petroleum to make its lubricants and coolants available across TAQA Petroleum service stations, expanding access to the products for motorists across Egypt, according to Shell’s statement. The partnership will cover Shell Helix for…...
Badawi Targets 80% Refinery Utilization to Cut Egypt???s Fuel Imports
1+ week, 2+ hour ago (255+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, said raising the utilization rate of Egypt’s refineries from 66% to 80% will increase reliance on locally refined petroleum products and help reduce the country’s fuel import bill. Badawi made the remarks during Cairo…...
EUG Showcases South East Bir El Nus Block Ahead of Bid Round Deadline
1+ week, 3+ hour ago (228+ words) The Egypt Upstream Gateway (EUG) has released a video overview of the South East Bir El Nus block in the Western Desert, one of the 14 blocks included in the Ministry of Petroleum and Mineral Resources (MoPMR)’s 2026 international bid round,…...
Misr Petroleum Posts EGP 230 Bn Revenue, 8 mmt in Sales
1+ week, 5+ hour ago (305+ words) Misr Petroleum generated more than EGP 230 billion in revenues and sold over 8 million tons (mmt) of petroleum products during fiscal year (FY) 2025/26, while implemented investments reached around EGP 1 billion, according to Chairman Mohamed Maged Bakheet. Bakheet made the remarks during…...
Badawi Directs CPC to Develop Five-Year Expansion Plan as Bunkering Volumes Surge 610% | Egypt Oil & Gas
1+ week, 1+ day ago (266+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, directed Cooperation Petroleum Company (CPC) to prepare a five-year plan to expand its products and services into neighboring markets after the company reported strong growth in FY 2025/26. Badawi issued the directive during…...