Vedanta Oil and Gas Limited (VOGL) has been recognised among India’s Best Workplaces 2026 in the Energy, Oil & Gas industry by Great Place to Work India, marking the company’s seventh consecutive year receiving the certification....
Worley has secured a five-year agreement among 11 contractors selected by Aramco to support major Saudi projects, delivering energy infrastructure, consultancy services, and digital solutions across engineering, construction, and talent development....
Action Energy Company (AEC) and Kellton have launched a GCC joint venture to deliver AI-powered digital oilfield and IT solutions. The partnership will roll out Kellton’s OPTIMA platform, beginning in Kuwait before expanding to Qatar, Saudi Arabia, the UAE and Oman....
Oman's Ministry of Energy and Minerals has launched a digital supply chain initiative to improve procurement, contract management and spending efficiency across the energy sector, which manages annual supply contracts worth more than RO4 billion ($10.4 billion)....
SLB has been awarded a seven-year contract by Kuwait Oil Company under the Ahmadi Innovation Valley initiative, supporting research, digital innovation and deployment of technologies including AI, IIoT, reservoir management and energy transition solutions....
EU energy supply shifted toward cleaner sources in 2025, with gas up 2.3 per cent and renewables up 1.4 per cent, while coal and petroleum declined. Renewables remained the largest electricity source at 47.2 per cent, according to Eurostat....
A global report warns the world is off track for universal energy access by 2030, with 655 million lacking electricity and two billion using polluting cooking fuels. Sub-Saharan Africa is most affected....
Vision Golfe 2026 brought together more than 1,200 participants, five ministers, senior government officials and business leaders in Paris this week, reinforcing its position as the leading platform for economic cooperation between France and the Gulf Cooperation Council (GCC)....
Oil prices surged on Monday after US President Donald Trump threatened renewed military action against Iran and warned that Washington could "take over" the Strait of Hormuz if ongoing negotiations with Tehran fail, reigniting concerns over global energy supplies....
Opec’s World Oil Outlook 2026 projects global energy demand to rise 23 per cent by 2050, with oil reaching 124 mb/d. It highlights the need for diverse energy sources, expanded access, and sustained investment to balance growth, sustainability and affordability....
Wood has secured a five-year Long-Term Agreement with Aramco, extendable by three years, to provide engineering, design and project management services for oil, gas, refining, petrochemical and lower-carbon hydrogen projects in Saudi Arabia....
Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities....
Saudi Arabia and South Korea signed an MoU to expand oil and gas cooperation, covering petroleum, petrochemicals, crude storage, pipeline infrastructure, technology, and sustainability initiatives, as the two countries seek to strengthen energy security and investment ties. ...
Freudenberg Group has expanded its energy portfolio by acquiring Balmoral Comtec, strengthening its Flow Technologies business in sealing and connector systems for global energy markets spanning offshore oil, gas and renewables industries worldwide....
The Saudi Arabia Ministry of Energy announced the winning bidders for eight licenses covering the establishment, development, operation, and maintenance of liquefied petroleum gas (LPG) filling and storage facilities, as well as the wholesale distribution of LPG to consumers....
Italy will spend almost €60 billion ($69 billion) this year to import energy, up €8-9 billion from 2025, the national fuel producers association UNEM said....
Saipem has announced that its joint venture with Nasser Saeed Al Hajri has secured a key engineering, procurement and construction services contract worth €900 million ($1.03 billion) for the Uthmaniyah Gas Compression Plant in the Kingdom of Saudi Arabia. The entire work will be completed within 42 months. ...
Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure. ...
The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said....
Venezuela will host its largest international energy investment summit from October 26–29 in Caracas, bringing together US, Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector....
