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Saudi Energy Minister Says OPEC+ Meeting’s Outcome a ‘Turning Point’

Saudi Energy Minister Prince Abdulaziz bin Salman said the agreement reached during Sunday’s OPEC+ meetings marks “a turning point and one of the most successful days of my career,” following...

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Libya nears final stage of oil exploration bid round, NOC says

Libya’s National Oil Corporation said it is approaching the final stage of a public exploration bid round, with companies expected to submit offers and open bids in February 2026, according to a...

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UAE President Chairs ADNOC Board of Directors Meeting at Habshan Complex

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors at the Habshan complex in Abu Dhabi, a strategic hub for the company’s...

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Trump sees $270 billion in agreements at U.S.-Saudi investment conference

U.S. PRESIDENT, DONALD TRUMP, SHAKING HANDS WITH SAUDI CROWN PRINCE MOHAMMED BIN SALMAN AND WALKING TO LECTERN (SOUNDBITE) (English) U.S. PRESIDENT, DONALD TRUMP, SAYING: “I want to thank my...

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Eni plans $8 billion in new investments in Egypt over five years, CEO tells El-Sisi

The Italian energy group Eni plans to inject an additional $8 billion in investment into the Egyptian market over the next five years, the company’s CEO Claudio Descalzi told President Abdel Fattah...

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Al-Ghais: Oil Will Maintain 30% Share of Global Energy Mix Until 2050

Haitham Al-Ghais, Secretary General of OPEC, stated that oil will continue to play a pivotal role in the global energy mix, accounting for 30% of the energy mix until 2050, despite the significant...

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Kuwait Announces Discovery of New Offshore Natural Gas Field

Kuwait Oil Company (KOC) announced the discovery of a new offshore natural gas field called “Jazza,” containing one trillion cubic feet of natural gas and 350 million barrels of oil...

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Algeria Appoints New Head of Sonatrach to Keep Pace with Energy Transformations

By presidential decree, Algeria appointed Noureddine Daoudi as CEO of the state-owned energy company Sonatrach, succeeding Rachid Hachichi. This move comes amid the country’s efforts to...

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The UAE Launches World’s Largest Combined Solar and Battery Storage Project

To meet the growing demand for clean, reliable, and 24/7 energy sources, and with investments exceeding AED 22 billion (US$5.99 billion), Masdar and the Emirates Water and Electricity Company (EWEC)...

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QatarEnergy acquires new exploration interest offshore Egypt

QatarEnergy acquires new exploration interest offshore Egyp   QatarEnergy has completed a farm-in transaction with Eni, acquiring a 40% participating interest in the North Rafah exploration...

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