Egypt Oil & Gas - Latest News Tracking & Analysis


Latest News Politics , Business , Finance , Technology , World News & Opinion & Tracking & Analysis.

Egypt
Website
🇺🇸 english
Business
#51
Egypt Oil & Gas

Egypt Oil & Gas

Primary focus: Business


Recent Reportage

Latest coverage from Egypt Oil & Gas

Egypt Expands Strategic Fuel Reserves to Counter Regional Tensions

Prime Minister Mostafa Madbouly announced that Egypt is proactively strengthening its energy security by increasing strategic reserves of petroleum products and other essential commodities, according to a statement released by the Cabinet. These measures aim to protect the economy from disruptions caused by ongoing regional tensions, which are impacting shipping corridors—especially those critical to fossil [] The post Egypt Expands Strategic Fuel Reserves to Counter Regional Tensions first appeared on Egypt Oil Gas.

1 hour ago

Standard Chartered: Clearing IOC Arrears Boosts Egypt’s Outlook

The recent settlement of overdue payments owed to international oil companies (IOCs) marks a significant positive indicator for Egypt’s medium-term economic outlook, according to Standard Chartered’s July 2026 report. The bank noted that the repayment comes alongside investment commitments exceeding 6 billion in oil and gas exploration and production (EP) activities, a development expected to [] The post Standard Chartered: Clearing IOC Arrears Boosts Egypt’s Outlook first appeared on Egypt Oil Gas.

6 hours ago

Khalda Petroleum Brings New Western Desert Gas Discovery Onstream at 40 mmcf/d

Khalda Petroleum has started production from the newly discovered Watada deep natural gas exploration well in Egypt’s Western Desert at an initial rate of 40 million cubic feet per day (mmcf/d). Natural gas flow from the well commenced on June 21, with full tie-in to the national natural gas grid scheduled before the end of [] The post Khalda Petroleum Brings New Western Desert Gas Discovery Onstream at 40 mmcf/d first appeared on Egypt Oil Gas.

8 hours ago

Publishing Activity

Daily article output trend

Saudi May Crude Exports Hit Record Low Amid Gulf Tensions

Saudi Arabia’s crude oil exports fell for a third consecutive month in May, reaching a record low, according to data released by the Joint Organizations Data Initiative (JODI) on Tuesday, as the Iran-Israel conflict disrupted shipments across the Arabian Gulf. Saudi crude exports declined to 3.434 million barrels per day (mmbbl/d) in May, down from 3.986 [] The post Saudi May Crude Exports Hit Record Low Amid Gulf Tensions first appeared on Egypt Oil Gas.

10 hours ago

Equinor Net Operating Income Grows 127% in Q2 2026 YoY

Norwegian Equinor Energy Company posted an adjusted operating income of 11.48 billion for the second quarter (Q2) of 2026, compared to 6.53 billion in Q2 2025. Net operating income came in 127 higher than Q2 2025, standing at 12.99 billion in Q2 2026, noted a press release by the company. The company’s net income totaled [] The post Equinor Net Operating Income Grows 127 in Q2 2026 YoY first appeared on Egypt Oil Gas.

10 hours ago

IEA warns Mideast Conflict Puts Oil, Gas Routes at Risk

The International Energy Agency (IEA) is warning that escalating Middle East tensions are increasing uncertainty in global oil and gas markets. Hostilities threaten the Strait of Hormuz and regional energy infrastructure. IEA Executive Director Fatih Birol said the agency is closely monitoring developments and their impact on global energy security. Disruptions near the Strait of Hormuz, [] The post IEA warns Mideast Conflict Puts Oil, Gas Routes at Risk first appeared on Egypt Oil Gas.

22 hours ago•
2

Halliburton Q2 Profit Rises on Global Growth, Contracts

In the second quarter (Q2) of 2026, Halliburton posted net income of 534 million, up from 461 million last quarter. This growth was driven by a 5.5 sequential increase in revenue to 5.7 billion, an operating margin of 14, and adjusted operating income of 683 million. Chairman and CEO Jeff Miller said one reason for this [] The post Halliburton Q2 Profit Rises on Global Growth, Contracts first appeared on Egypt Oil Gas.

23 hours ago•
2

Maridive Records Rise in Consolidated Net Profit in Q1 2026

Maridive Oil Services reported a rise in its consolidated operating revenues amounting to 66.31 million during the first quarter (Q1) of 2026, up from 60.47 million in Q1 2025, according to the company’s consolidated financial disclosure to the EGX. The Egyptian company also recorded an increase in its net profit reaching 23.24 million in [] The post Maridive Records Rise in Consolidated Net Profit in Q1 2026 first appeared on Egypt Oil Gas.

1 day ago•
1

GUPCO Boosts Crude Production to 71,250 bbl/d, Highest Since 2019

Gulf of Suez Petroleum Company (GUPCO), the joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and the UAE’s Dragon Oil, has raised its crude oil production to 71,250 barrels per day (bbl/d), marking the company’s highest output level since July 2019. This reflects the positive impact of the Ministry of Petroleum and Mineral [] The post GUPCO Boosts Crude Production to 71,250 bbl/d, Highest Since 2019 first appeared on Egypt Oil Gas.

1 day ago

ADNOC Secures $6.2 Bn FID For Umm Shaif Gas Cap Offshore Project

Abu Dhabi National Oil Company (ADNOC) has secured a 6.2 billion final investment decision (FID) to develop the offshore Umm Shaif Gas Cap project in Abu Dhabi, reinforcing the country’s energy security and its role as a reliable global energy supplier, according to a press release by the company. The project is a partnership between [] The post ADNOC Secures 6.2 Bn FID For Umm Shaif Gas Cap Offshore Project first appeared on Egypt Oil Gas.

1 day ago
Egypt Oil & Gas — News Tracking & Analysis | Real Narrative News