Qatari Al Mana Group plans to build $15.6mn biodiesel plant in Egypt

AfrOil - Africa Oil & Gas
By bna Cairo bureau 24 February 2026

Egyptian oil firm GUPCO invests $516mn in exploration and infrastructure upgrades

AfrOil - Africa Oil & Gas
MEOG - Middle East Oil & Gas
By bna Cairo bureau 24 February 2026
Egyptian Gulf of Suez Petroleum Company (GUPCO) plans to invest $516.5mn during FY 2026/27 in exploration, development activities and operating expenditure, alongside key infrastructure upgrades
The level of gas in Germany's storage tanks has dropped to 20% as demand soars in one of the coldest winters in decades. That put's it into crisis territory and will make replenishing the tanks to 90% full at the start of the next heating season hard.

IntelliNews Lambda: Germany slipping into gas crisis, EU will struggle to restock this summer

EurOil - Europe Oil & Gas
FSUOGM - Former Soviet Union Oil & Gas
GLNG - Global LNG
By Newsbase 24 February 2026
Europe’s gas market has been pushed back into a vulnerable position after a cold winter drained storage to well below seasonal norms, setting up a difficult test for summer refilling. Germany is already into crisis territory, but coping for now.

Egyptian General Petroleum plans to drill 66 wells with $167.5mn investment in 2026/27

AfrOil - Africa Oil & Gas
DMEA - Downstream Middle East & Africa
MEOG - Middle East Oil & Gas
By bna Cairo bureau 24 February 2026
Egypt’s General Petroleum Company (EGPC) plans to drill 66 wells, including 8 exploratory wells, with a total investment exceeding EGP 8bn ($167.5mn) as part of its strategy for FY 2026/27
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