7/1/2026 8:24:43 AM (Volume: 43 / Issue: 7)
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Tag: Gas

Energy, Oil & Gas

Mideast crisis disrupts global LNG markets, supply growth: IEA

Middle East conflict disrupted global natural gas markets, cutting nearly 20 per cent of LNG supply via the Strait of Hormuz, causing supply shocks, uncertainty, and sharp price increases worldwide, according to the International Energy Agency’s (IEA) latest quarterly gas market report. ...

Energy, Oil & Gas

Hormuz closure: Alternative routes for Mideast oil

Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges. ...

Energy, Oil & Gas

Nearly half of Gulf O&G assets beyond design life: IGS research

Integrated Global Services (IGS) research shows 46 per cent of oil and gas assets in Saudi Arabia and UAE operate beyond design life, with 83 per cent still confident in performance despite downtime losses and growing focus on efficiency and reliability. ...

Energy, Oil & Gas

Eni announces gas discovery offshore Indonesia

Eni has announced a major gas discovery at the Geliga-1 well in Indonesia’s offshore Ganal block, with estimated resources of about 5 Tcf of gas and 300 million barrels of condensate....

Energy, Oil & Gas

Global 2025 energy demand led by solar, gas: IEA report

Global energy demand growth slowed in 2025, while electricity use rose faster. Solar PV led supply growth for the first time, followed by natural gas, which accounted for 17 per cent mainly in power generation, according to a new International Energy Agency (IEA) report. ...

Energy, Oil & Gas

IMF says Mideast states face uneven fallout from Iran war

Energy disruptions from the Iran war strain Gulf oil and gas exporters, while importers like Egypt and Jordan face higher commodity prices and reduced remittances from Gulf workers, worsening economic pressures across the region, said the International Monetary Fund (IMF)....

Energy, Oil & Gas

Avigilon AI video analytics help protect Middle East oil and gas sites

Gas and oil sites are among the most vital and high-risk pieces of critical infrastructure. This is especially true for the Mena region, which produces 30 per cent of the global oil supply and 17 per cent of the global gas supply, while having to account for active security risks and vulnerabilities that most of the world never considers....

Energy, Oil & Gas

OQ Group reports $1.6bn net profit in 2025

OQ Group reported a net profit of RO 641 million ($1.6 billion) for 2025, up 25 per cent year on year. The result reflects the strength of its integrated business model and disciplined performance amid continued volatility in global energy markets....

Energy, Oil & Gas

Morocco gas plan reset to unlock new investment opportunities

Morocco’s decision earlier this year to pause elements of its long-anticipated LNG import strategy marks less a delay than a strategic reset – one that reflects both shifting global market dynamics and a more pragmatic approach to infrastructure development, said industry experts. ...

Energy, Oil & Gas

One dead, several injured in Iranian drone attack on Abu Dhabi gas facility

Abu Dhabi authorities have announced that one person was killed and four others were wounded in an Iranian drone strike at Habshan gas facilities yesterday. Also two fires broke out at the gas facilities as a result of this incident, stated the authorities, leading to significant damage. ...

Energy, Oil & Gas

Oil soars to $119 as several key Mideast energy facilities hit

Benchmark Brent oil prices jumped above $119 a barrel on Thursday after ‌Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. Meanwhile, Middle East benchmark ​Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data. ...

Energy, Oil & Gas

Start-up of new gas consortium Quiluma offshore gas field in Angola

TotalEnergies announces the start of production from the Quiluma field, in which the Company holds an 11.8 per cent interest alongside its partners Azule Energy (37.4 per cent, operator), Cabinda Gulf Oil Company (31 per cent) and Sonangol E&P (19.8 per cent)....

Energy, Oil & Gas

bp starts production at Angola’s new gas consortium project

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. ...

Energy, Oil & Gas

Decline in O&G prices pushes Oman producer index down 3.3pc

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....

Energy, Oil & Gas

GCC countries boost global position in energy sector, says report

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....

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