Egypt reviews BP’s USD 700 million four-well program
Fayoum-4 is reported on stream, while the rig moves toward exploration and deepwater targets.
Egypt Ministry of Petroleum and Mineral Resources
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WELLFICENT / NEWSROOM
514 storiesWorld economy and business news — Page 25
Developments in the world economy, international trade, finance and energy. Source-linked reporting appears in this section.
EGAS reports 28 connected wells and outlines its next exploration program
Egypt’s gas company separates FY2025/26 delivery from a planned 16-well campaign.
Egypt Ministry of Petroleum and Mineral Resources
Euro area corporate-loan growth eases to 4.2% in August
The ECB reports M3 growth of 3.5%, while household-loan growth remains at 3.1%.
ECB — Monetary developments in the euro area, August 2026
EU Council approves customs reform covering e-commerce and a data hub
The Council’s September announcement distinguishes platform duties, a parcel-handling fee and phased data-hub obligations.
Council of the European Union — customs reform approval
EU and euro area economic sentiment slip to 97.9 in September
The Commission’s survey shows weaker sentiment and hiring expectations after the recovery that began in May.
European Commission DG ECFIN — September 2026 business and consumer surveys
Euro area inflation rises to 3.8% in September flash estimate
Eurostat’s preliminary reading puts energy inflation at 18.8%; complete September data are due on 16 October.
Eurostat — September 2026 HICP flash estimate
Shell completes ARC Resources acquisition in Canada
The completed transaction adds approximately 370,000 barrels of oil equivalent per day across liquids and gas, according to Shell.
Shell — ARC Resources acquisition completion
Shell completes sale of Na Kika interest and Coulomb tieback
Shell reports approximately $840 million in closing cash proceeds; BP remains the Na Kika operator in the announcement.
Shell — Na Kika and Coulomb sale completion
Shell signs Hunlock purchase and $715 million RISEC sale agreements
The US power transactions cover 169 MW in Pennsylvania and a 609 MW combined-cycle plant serving New England.
Shell — Hunlock and RISEC power-portfolio agreements
Shell agrees to take full ownership of Tri Star Energy
The proposed US retail transaction covers 320 company-owned sites and supply agreements with 552 dealer-owned locations.
Shell — Tri Star Energy acquisition agreement
UK removes VAT from household electricity bills from 1 October
Treasury says the measure makes the annual Ofgem price-cap comparison around £45 lower than it would otherwise be.
HM Treasury — electricity-bill VAT removal
UKEF announces flexible-finance pilot for overseas buyers
The proposed pilot offers up to £5 billion in guarantees and covers up to 80% of selected commercial loans.
HM Treasury — UKEF Flexible Finance pilot
Beyond the wellhead, context.
A source-linked view of wells, energy and markets in five languages.