Oil & Gas Midstream Sector Shows Resilience Amid Market Conditions
Oil & Gas Midstream Sector Shows Resilience Amid Market Conditions Global oil markets in early 2026 are characterized by steady supply and evolving demand for midstream services such as LNG terminals, storage, and shipping infrastructure reflecting structural demand fundamentals. While crude prices have seen pressure from elevated supply and inventory buildups, natural gas […]
Natural Gas Conference Highlights “50 by 50” Plan and New Power Plant Investment
Natural Gas Conference Highlights “50 by 50” Plan and New Power Plant Investment At the 2026 Gas and Oil Association winter meeting in West Virginia, U.S. officials and industry executives highlighted progress toward an ambitious “50 by 50” plan aiming for greater natural gas utilization and infrastructure growth through 2050. A key announcement was support for a […]
Mitsubishi Corporation Enters U.S. Shale Gas Market Via Major Haynesville Acquisition
Mitsubishi Corporation Enters U.S. Shale Gas Market Via Major Haynesville Acquisition Japanese trading house Mitsubishi Corporation has agreed to acquire Aethon Energy’s Haynesville shale gas assets in Louisiana and Texas, marking its first direct foray into the U.S. shale gas sector. The equity purchase is valued at about $5.2 billion (plus assumed debt), with regulatory […]
ADNOC Gas Secures $3 Billion, 10 Year LNG Supply Deal with India’s Hindustan Petroleum
ADNOC Gas Secures $3 Billion, 10 Year LNG Supply Deal with India’s Hindustan Petroleum ADNOC Gas, part of the Abu Dhabi National Oil Company, has formalized a longterm supply contract to deliver liquefied natural gas (LNG) to India’s Hindustan Petroleum Corporation Limited. The deal, valued at around $2.5$3 billion over 10 years, covers the sale of 0.5 million tonnes […]
Equatorial Guinea Launches Major Offshore Seismic Reprocessing Project to Unlock Deepwater Potential
Equatorial Guinea Launches Major Offshore Seismic Reprocessing Project to Unlock Deepwater Potential Geoex MCG, in partnership with the Ministry of Hydrocarbons and Mining Development, Perceptum, and DUG, have launched a major reprocessing initiative to revitalize legacy offshore Equatorial Guinea regional seismic datasets. The project brings new geological clarity to one of West Africa’s least explored […]
Egyptian Gulf of Suez Company Raises Output to 65,000 Barrels Daily with New Well
Egyptian Gulf of Suez Company Raises Output to 65,000 Barrels Daily with New Well The Gulf of Suez Petroleum Company has successfully commenced production from the Al Wasl-4 development well in the North Safa field, raising the company’s total crude output to approximately 65,000 barrels per day. The new well is producing 2,250 barrels per […]
Egypt Highlights Massive Solar Energy Potential of Up to 900 Gigawatts in Western Desert
Egypt Highlights Massive Solar Energy Potential of Up to 900 Gigawatts in Western Desert The Minister of Investment and Foreign Trade, Hassan El-Khatib, highlighted that Egypt possesses enormous potential in the field of renewable energy, especially solar energy, where approximately 700 to 900 gigawatts can be generated from the Western Desert alone. This came […]
Egypt and Germany Strengthen Energy Partnership Across Gas, Renewables and Technology Transfer
Egypt and Germany Strengthen Energy Partnership Across Gas, Renewables and Technology Transfer Karim Badawi, Egypt’s Minister of Petroleum and Mineral Resources, met with Frank Wetzel, Germany’s State Secretary at the Federal Ministry for Economic Affairs and Energy, to discuss expanding bilateral cooperation across the natural gas, renewable energy, and technology transfer sectors. Badawi reviewed recent […]
International Oil Companies Divest Over $6 Billion in Nigerian Assets Amid Security Concerns and Energy Transition
International Oil Companies Divest Over $6 Billion in Nigerian Assets Amid Security Concerns and Energy Transition Growing insecurity and the global shift to cleaner energy have been identified as major factors contributing to asset divestment by operating international oil companies in Nigeria. More than $6 billion in onshore and shallow-water assets have been divested by […]
Ogun State Set to Join Nigeria’s Oil Producing States as Tinubu Approves Commercial Drilling
Ogun State Set to Join Nigeria’s Oil Producing States as Tinubu Approves Commercial Drilling In a major economic development, Ogun State is poised to join Nigeria’s league of oil-producing states following President Bola Ahmed Tinubu’s approval for commercial oil drilling operations at Tongeji Island in Ipokia Local Government Area. Governor Dapo Abiodun made this groundbreaking […]