Abu Qir Fertilizers and Chemical Industries reported a strong financial performance for the first quarter of 2026, with unaudited net profit after tax rising 102% year-on-year to EGP 5.63 billion, driven by higher fertilizer production, increased sales, and reliable natural gas supplies. According to the company’s unaudited financial results submittedContinue Reading
The Angola LNG (ALNG) plant in Soyo has commenced a planned 32-day general maintenance shutdown as part of its periodic Turnaround (TAR) programme. The maintenance campaign, which began on 8 July 2026, also includes work at Chevron’s Sanha Complex and the Sanha Floating Production, Storage and Offloading (FPSO) facility locatedContinue Reading
Eni has announced the start-up of hydrocarbon production from the Sabratha Compression Project, a major offshore development designed to sustain and increase natural gas production from Libya’s Bahr Essalam field, located approximately 100 kilometres off the country’s coast. Developed in partnership with Libya’s National Oil Corporation (NOC) through the MellitahContinue Reading
Natural gas exports from Israel to Egypt have increased following the completion of maintenance work at key offshore gas fields and pipeline infrastructure, strengthening regional gas supply ahead of the summer demand season. Gas deliveries through existing export routes have recovered after scheduled maintenance at the Tamar and Leviathan offshoreContinue Reading
Shell is set to begin production from a new natural gas development in Egypt during the fourth quarter of 2026, strengthening the country’s domestic gas supply and supporting continued investment in the Eastern Mediterranean energy sector. The project forms part of Shell’s ongoing upstream strategy in Egypt, where the companyContinue Reading
Kazakhstan has temporarily reduced oil production after operations at the Caspian Pipeline Consortium (CPC) export terminal on the Black Sea were suspended, limiting the country’s ability to transport crude oil to international markets. According to Kazakhstan’s Ministry of Energy, the production adjustment was implemented to manage storage capacity at oilContinue Reading
Shell expects stronger first-quarter trading results from its oil business despite lowering its natural gas production outlook, reflecting the impact of volatile global energy markets and operational disruptions. The company said its oil trading and marketing businesses are expected to deliver significantly higher earnings during the first quarter, supported byContinue Reading
