Eni discovered two new gas structures, Bahr Essalam South 2 and 3, off Libya’s coast. Drilled near the Bahr Essalam field, they are estimated to hold over 1 trillion cubic feet (Tcf) of gas in place. ...
bp confirmed gas production start-up from Angola’s Quiluma field, part of the New Gas Consortium (NGC), operated by Azule Energy. This marks continued successful project launches and exploration achievements for the bp‑Eni joint venture. ...
Oman’s Producer Price Index fell 3.3 per cent in Q4 2025 compared with Q4 2024, according to NCSI. The decline was driven by a 5.8 per cent drop in mining and quarrying prices, mainly due to a 6 per cent fall in crude oil and natural gas prices....
The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets, (with 32.7% of global oil reserves and 21.2% gas reserves) supported by a broad base of natural resources, advanced infrastructure and accumulated expertise, said a report....
European natural gas prices surged sharply by around 30 per cent on March 9, amid growing uncertainty in global energy markets and escalating military tensions in the Middle East, raising fears of prolonged supply disruptions....
India's GAIL said it will assess curbing supplies to natural gas customers after a force majeure notice from long-term supplier Petronet LNG over constraints on vessels as conflict escalates in the Middle East....
Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East, triggering supply fears and sending shockwaves through commodity markets....
Indian companies on March 3 reduced natural gas supplies to industries in anticipation of tighter supply from the Middle East after top producer Qatar halted production, four industry sources with knowledge of the matter said to Reuters....
OQ Exploration and Production (OQEP) reported 2025 revenue of $1.2 billion and EBITDA of $941 million (81% margin). Operating cash flow strengthened, and the company targets 300 kboepd production by 2030 while maintaining disciplined leverage and shareholder returns. ...
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. ...
Clearwater Analytics is introducing CWAN Power and Gas, a new set of risk management capabilities within Beacon by CWAN designed to replace “black-box” systems in the energy trading industry....
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit for the full year 2025 of AED476 million ($130 million) as compared to AED553 million ($151 million) in FY 2024....
The traditional energy sector is struggling to keep up with a shrinking talent pool, as a fewer percentage of young people enter the workforce, experienced professionals are harder to find, and global mobility declines, according to the tenth annual Global Energy Talent Index (GETI) 2026, an energy workforce trends report....
Saad Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said Qatar continue to believe in gas as the energy of the future and that increasing demand will continue to be driven by global economic growth and other factors like artificial intelligence and data centres....
XRG, an international energy investment company based in Abu Dhabi, has signed an agreement with the Ministry of Economy of Azerbaijan to acquire an equity stake in Southern Gas Corridor CJSC (SGC)....
Security, scale and pragmatism took centre stage on the third day of India Energy Week 2026, as policymakers and industry leaders outlined a data-driven, realistic roadmap for the energy transition of the world’s fastest-growing major energy market, said the event organisers. ...
Intech, an industrial automation and digitalization technology company, has secured an intelligent field operations and maintenance (I-field O&M) contract covering more than 1,000 oil and water wells at an oil and gas production facility in the Middle East....
Libya’s energy sector is rebounding, drawing global investment and focusing on production growth, gas monetisation, and partnerships. Oil output averaged 1.375 million bpd in 2025, with the government targeting 2 million bpd by 2030, supported by a $20 billion investment programme....
Dana Gas and Crescent Petroleum, with Pearl Petroleum partners, signed long-term gas sales agreements to supply clean natural gas from the Chemchemal field to industrial users in Iraq’s Kurdistan Region. Cement and steel customers will buy up to 142 MMscf/d for 10 years starting 2027....
The International Energy Agency (IEA) says rising LNG supply will help rebalance global gas markets in 2026, boosting demand growth after a 2025 slowdown. Tight supplies and high prices curbed consumption earlier, especially in Asia, before easing as LNG production rose nearly 7 per cent....
