9+ min ago   (242+ words) Venezuela has awarded a license to British Petroleum (bp), UAE-based XRG, and Qatar-based UCC Holding to explore and develop the second phase of the Loran offshore natural gas field, as Caracas seeks to attract foreign investment and revive its energy…...

1+ hour, 18+ min ago   (178+ words) Egypt Gas reported a 25% year-on-year (YoY) increase in operating revenues to mount to EGP 4.7 billion for the six months ending June 30, 2026, according to the company’s disclosure to the Egyptian Stock Exchange (EGX). The company’s net profit after tax rose to…...

2+ hour ago   (355+ words) Valmore Holding, a leading diversified investment holding company, reported a 13% year-on-year (YoY) increase in its first-half (H1) 2026 revenue to $392 million. This increase was backed by strong second-quarter results manifested in a 25.2% YoY growth in revenues to $226 million, according to a press…...

3+ hour, 39+ min ago   (418+ words) Pharaonic Petroleum Company (PhPC) achieved 100% of its production target for fiscal year (FY) 2025/26, Hossam Zaki, the company’s Chairman, noted, while outlining plans to increase natural gas and condensate production by maximizing the use of existing infrastructure. The company is also…...

6+ hour ago   (282+ words) US President Donald Trump has urged Americans to accept higher gasoline prices as the cost of confronting Iran, as tensions over the Strait of Hormuz continue to disrupt global oil flows and threaten to prolong pressure on energy markets. Speaking…...

6+ hour, 18+ min ago   (237+ words) The UAE said Iran attacked a vessel operated by Abu Dhabi National Oil Company (ADNOC), the state- owned company, while it was transiting the Strait of Hormuz on Friday, August 14, according to Reuters citing the UAE state news agency WAM....

6+ hour, 37+ min ago   (413+ words) Marina Petroleum, Marina, an oil exploration and production company, spent $9.8 million on operations and drilled a new well during fiscal year (FY) 2025/26, while advancing plans to increase production and reserves, the company said. The company’s results were approved during its…...

1+ day, 3+ hour ago   (195+ words) Karim Badawi, Minister of Petroleum and Mineral Resources, met with Ahmed El-Sewedy, President and CEO of El-Sewedy Electric, to discuss accelerating the implementation of a phosphate fertilizer plant in the Suez Canal Economic Zone, according to a ministry statement. The…...

2+ day, 18+ hour ago   (190+ words) Karim Badawi, Minister of Petroleum and Mineral Resources reviewed progress on a number of phosphate and phosphoric acid projects as the ministry seeks to develop higher-value industries around the country’s mineral resources. The projects aim to turn phosphate ore into…...

2+ day, 19+ hour ago   (186+ words) TAQA Arabia, through its subsidiary Rosetta Energy Solutions, Tanzania Petroleum Development Corporation (TPDC) and Africa50,a pan‑African infrastructure investment platform, have signed an agreement to develop a small-scale liquefied natural gas (LNG) project in Tanzania, according to Reuters. The partners…...