Oil and Gas

Canadian Natural Resources Limited held its first quarter 2026 earnings conference call on May 7. Executives highlighted record production levels and strong shareholder returns during the session.

15. april 2026 Rapporteret af AI

Egypt's Minister of Petroleum and Mineral Resources Karim Badawi announced plans to fully pay off arrears owed to foreign oil and gas partners by the end of June. He revealed a gas discovery estimated at 2 trillion cubic feet and outlined strategies including hydraulic fracturing to boost production.

Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawi, met with executives from Capricorn Energy to explore ways to increase the company’s investments and production in the Western Desert. The discussions highlighted ongoing operations and plans for growth in Egypt’s energy sector. Both sides expressed commitment to enhancing cooperation and output.

10. februar 2026 Rapporteret af AI

Four oil and gas companies reported a 17.5% decline in revenue for the 2025 fiscal year, attributed to costs of sales.

The Ministry of Petroleum and Mineral Resources announced on Monday that Khalda Petroleum Company has made a new gas discovery in the Western Desert. The company successfully drilled the exploratory well 'Gomana-1', where electrical logs confirmed gas-bearing zones. Test results indicated an estimated production rate of around 36 million cubic feet of gas per day.

15. november 2025 Rapporteret af AI

Egypt's Minister of Petroleum and Mineral Resources Karim Badawi announced the start of initial gas production from the West Burullus field in the Mediterranean Sea, following the successful connection of the field's first well to the national gas grid. Early production tests indicate output approaching 45 million cubic feet per day. Work is underway to connect two additional wells, expected to raise total field production to around 75 million cubic feet per day at the beginning of the new year.