Oil & Gas

KEY POINTS Khalda Petroleum, in partnership with Apache, has discovered three new oil and gas fields in Egypt’s Western Desert, expected to add 12 million barrels of oil equivalent to …

KEY POINTS Libya’s energy sector is poised for significant growth as Mellitah Oil and Gas Company, a joint venture between Libya’s National Oil Corporation and Italy’s Eni, revealed plans to …

Shell lowers its LNG production forecast for the first quarter due to cyclones and unplanned maintenance, expecting output between 6.4-6.8 million tons

Oil prices drop 6% following new tariffs and OPEC+ output increase, marking the steepest decline since 2022

KEY POINTS The Libyan National Oil Corporation (NOC) is grappling with mounting financial pressures as the country’s decades-old barter system for oil imports comes to an abrupt halt. North Africa …

Oil prices dip as traders brace for Trump tariffs and potential disruptions to global supply

A Ryazan oil refinery explosion killed one worker and injured three during maintenance. Authorities are investigating the incident’s cause and impact

BP plans to increase U.S. natural gas production in shale basins, focusing on Haynesville and new projects in the Gulf of Mexico

Enbridge pipeline expansion moves ahead despite new U.S. crude oil tariffs. The company is investing $2 billion in Mainline while targeting long-term energy growth

Oil prices rise 2% after the U.S. revokes Chevron’s Venezuela license, sparking supply concerns as OPEC+ weighs its next move in a volatile market