The petroleum ministry said drilling at Narges-2 confirmed an extension of previously identified gas-bearing layers and a further layer, while stressing that resource evaluation and development studies remain under way.
Source: Egyptian Ministry of Petroleum and Mineral Resources — Narges-2 well results
NEC endorsed a finance ministry plan on living costs and food affordability and agreed to develop federal-state financing for CNG and electric transport, while saying fare savings should reach passengers.
Source: Federal Ministry of Information and National Orientation — NEC 161st meeting resolutions
QatarEnergy signed two LNG supply agreements with Cheniere covering deliveries expected to start in the early 2030s from Sabine Pass and Corpus Christi. One million tonnes per year from Sabine Pass depends on a positive expansion investment decision.
Egyptian and Cypriot energy ministers used an MOC 2026 panel to argue for infrastructure integration to increase the economic benefit of regional gas resources and strengthen supply security. The ministry announcement disclosed no new agreement, supply volume or investment commitment.
Source: Egyptian Ministry of Petroleum and Mineral Resources — MOC 2026 energy-market panel
Qatar Gas Transport Company reported QAR1.292 billion in nine-month profit attributable to owners through September 30, down from QAR1.313 billion a year earlier. It also said its 40-vessel newbuild orderbook remained under construction.
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A parliamentary report describes proposed listings and a ten-year $1 trillion market target, without announcing an approved offer or share-sale timetable.
Source: National Assembly Library Trust Fund (NALTF)
US oil and gas producer Chord Energy said its third-quarter 2026 production volumes exceeded the high end of prior guidance for oil, natural gas and natural gas liquids. The financial figures were preliminary and not yet finalized.
The two countries’ petroleum ministers signed a cooperation framework covering crude and product trade, storage, logistics, petrochemicals and potential joint investment.
Source: Egyptian Ministry of Petroleum and Mineral Resources
EIA reported that 130 platforms and rigs had been evacuated or moved by October 8, suspending about 1.3 million barrels of oil and 1.1 billion cubic feet of gas per day.
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