4/29/2026 10:00:23 AM (Volume: 43 / Issue: 5)
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Tag: Energy

Energy, Oil & Gas

Abu Dhabi confirms readiness, efficiency of energy, water ecosystem

Abu Dhabi Department of Energy has confirmed the readiness and efficiency of the emirate's energy and water ecosystem following field visits to several of its vital utility facilities. This comes in line with its efforts to advance sustainability while strengthening energy and water security in the emirate. ...

Energy, Oil & Gas

Oil rises as Trump urges nations to help reopen Hormuz

Oil prices rose on Monday as investors weighed renewed geopolitical risk despite US President Donald Trump urging other countries to join efforts to secure the Strait of Hormuz, while Iran said the strategic waterway remained open only to countries that are not directly involved in attacks against it....

Energy, Oil & Gas

Middle East tensions spark energy supply chain shock

The Middle East conflict is causing an energy-led supply chain shock, with very different effects around the world even as market pricing suggests weeks of disruptions, not days or months, said an expert, stating that this episode adds to inflation risk in a world shaped by supply factors. ...

Energy, Oil & Gas

TAQA elects new board and chairman

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, on Friday announced that its shareholders have confirmed the composition of its new Board of Directors following the company’s Annual General Assembly....

Energy, Oil & Gas

SLB provides update on Mideast operations, first quarter outlook

SLB is monitoring the Middle East situation, prioritising employee safety, suspending travel, and demobilising operations. First-quarter revenue is expected lower, with earnings impacted. Despite disruptions, the company remains confident in its global business resilience....

Energy, Oil & Gas

Trump announces '$300bn refinery' project in Texas with Reliance backing

US President Donald Trump has announced plans for what he described as a $300 billion refinery investment in Texas backed by India’s Reliance Industries, calling it the first new oil refinery to be built in the United States in nearly 50 years and a major step toward restoring American energy dominance....

Energy, Oil & Gas

Aramco reports strong 2025 results with $104.7bn net income

Aramco reported strong 2025 results with adjusted net income of $104.7 billion, including $25.1 billion in Q4. Operating cash flow reached $136.2 billion for the year and $40.8 billion in Q4, with free cash flow of $85.4 billion....

Energy, Oil & Gas

Bapco Energies declares force majeure

Bapco Energies, Bahrain’s integrated energy company, hereby serves notice of force majeure on its group operations which have been affected by the on-going regional conflict in the Middle East and the recent attack on its refinery complex. ...

Energy, Oil & Gas

Saudi utility major Acwa names new CEO

Acwa, the world’s largest private water desalination company, has appointed Dr. Samir J. Serhan as its new Chief Executive Officer. An industry veteran, he brings more than three decades of global leadership experience across large-scale industrial and infrastructure organisations to the new role. ...

Energy, Oil & Gas

Saudi Arabia’s energy evolution champions diversification

Maintaining its unrivalled position as the world’s lowest-cost hydrocarbon producer, the Kingdom is simultaneously deploying renewables, green hydrogen and carbon capture to power energy its diversification strategy....

Energy, Oil & Gas

Wood, Massy, Tagman unite to advance Guyana’s energy industry

Wood, Massy and Tagman have launched WMT Guyana, a new joint venture majority-owned by Tagman. The company will provide engineering-led studies, design services, brownfield maintenance, modifications, and early-phase project solutions, combining global expertise with local leadership to support Guyana’s growing energy sector. ...

Energy, Oil & Gas

Saudi Arabia, Kazakhstan expand energy, investment collaboration

Saudi Arabia’s Ministry of Energy and Kazakhstan’s Ministry of Foreign Affairs signed an agreement formally establishing the Saudi–Kazakh Coordination Council. The agreement strengthens bilateral ties, expands cooperation across multiple sectors, and enhances collaboration in energy, renewable energy, energy storage, and oil market coordination....

Energy, Oil & Gas

SLB wins multiple offshore drilling contracts for Tangkulo Deepwater in Indonesia

SLB, an energy technology company, has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia....

Energy, Oil & Gas

Africa’s power gap could define next investment cycle

Nearly 600 million people in Africa lack electricity, with access growth failing to match population increases. While the IEA estimates $15 billion in annual investment is needed for universal access, current commitments remain under $2.5 billion. This widening funding gap, amid rising demand, presents a significant long-term commercial opportunity. ...

Energy, Oil & Gas

Halliburton launches new safety valve system for CO₂ injection wells

Halliburton, one of the world's leading providers of products and services to the energy industry, has launched the XTR CS injection system, a wireline-retrievable safety valve solution engineered for CO₂ injection in carbon capture, utilisation and storage (CCUS) wells. ...

Energy, Oil & Gas

Oman signs concession agreement for Offshore Block (18)

Oman’s Ministry of Energy and Minerals has signed a concession agreement for Offshore Block 18 to support hydrocarbon exploration and production. Petronas will operate the block with a 70 per cent stake, while OQ Exploration and Production holds 30 per cent. The agreement includes a four-year exploration period, extendable to 30 years if commercial production is achieved. ...

Energy, Oil & Gas

E-world 2026 opens with record exhibitors, energy focus

E-world energy & water 2026 opened at Messe Essen with over 1,100 exhibitors from Germany and abroad, showcasing solutions across the energy sector, including generation, trading, grids, metering, AI, digital platforms, hydrogen, storage, electromobility, energy efficiency, and climate protection. ...

Energy, Oil & Gas

Emarat names Burhan Al Hashemi as new CEO

Emirates Petroleum Company (Emarat), a pioneer in the UAE’s oil and gas industry, has appointed Burhan Al Hashemi as its new CEO. Burhan brings three decades of experience in the downstream energy sector, with expertise spanning aviation fuels, lubricants, gas and marine fuel supply. ...

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