- Al-Ghais: Oil Will Maintain 30% Share of Global Energy Mix Until 2050
- Kuwait Announces Discovery of New Offshore Natural Gas Field
- Algeria Appoints New Head of Sonatrach to Keep Pace with Energy Transformations
- The UAE Launches World’s Largest Combined Solar and Battery Storage Project
- QatarEnergy acquires new exploration interest offshore Egypt
- BP signs deal to drill five gas wells offshore Egypt
- Iraq Discusses Establishing Oil Pipeline from Basra to the Sultanate of Oman
- QatarEnergy Signs Long-Term Helium Supply Agreement with Germany’s Messier
- Kuwait Considers Leasing 13 Pipelines to collect Up to $7 Billion
- Oman: OQ Exploration and Production Looks to Unveil New Projects
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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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BP signs deal to drill five gas wells offshore Egypt
The agreement comes as bp plans to increase production to 2.3-2.5 million boed in 2030 with the capacity to increase production out to 2035. It follows a successful exploration campaign in the...
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Iraq Discusses Establishing Oil Pipeline from Basra to the Sultanate of Oman
Iraq Oil Marketing Organization (SOMO) has signed memoranda of understanding with the Sultanate of Oman to facilitate the marketing of Iraqi oil. Company sources indicate that discussions are...
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QatarEnergy Signs Long-Term Helium Supply Agreement with Germany’s Messier
Helium is an essential component in many advanced fields and technologies, including MRI, semiconductor manufacturing, quantum computing, fiber optics, and space exploration. Recently,...
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Kuwait Considers Leasing 13 Pipelines to collect Up to $7 Billion
Kuwait is OPEC’s fifth-largest oil producer. Currently, the Kuwait Petroleum Corporation (KPC) is studying leasing 13 pipelines for 25 years to finance a $65 billion investment plan covering...
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Oman: OQ Exploration and Production Looks to Unveil New Projects
OQ Exploration and Production (a subsidiary of the Omani OQ Group) is the sole oil and gas operator owned by the Sultanate of Oman. The company’s total production in 2023 represented...
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