Oil prices jumped more than $4 per barrel at settlement on Thursday after a report said the US was sending additional troops and another aircraft carrier to the Middle East, while China suspended oil product exports, fuelling concerns that global fuel shortages could worsen. ...
Elsewedy Electric, a leading integrated provider of energy and infrastructure solutions across Europe, the Middle East, and Africa, has announced the acquisition of a 60% majority stake in UAE-based Thomassen Service, a specialised provider of gas turbine maintenance and repair services....
The International Energy Agency (IEA) cut its supply and demand projections for the remainder of the year, expecting world oil supply to average 100.7 mb/d in 2026, down 5.7 mb/d y-o-y in its last report, with a full recovery in supplies from Middle East producers deferred until 2027. ...
Intech is expanding its Middle East presence after securing a project to deliver an integrated electrical automation solution for a key onshore facility operated by a major regional energy company....
AES Engineering has strengthened its presence in the Middle East reliability sector by acquiring a controlling stake in Technomax Middle East Engineering and Technomax Industrial Services, based in Abu Dhabi, UAE....
Spanish engineering company Técnicas Reunidas has announced that it has secured two major contracts worth a total of more than $5.75 billion from Abu Dhabi National Oil Company (ADNOC) to provide engineering, procurement, construction and installation services for its Upper Zakum megaproject. ...
Ebara Elliott Energy (EEE) has secured one of the largest contracts in its 110-year history, winning a major order from Larsen & Toubro (L&T) to supply advanced compressor technology for a mega-scale gas infrastructure project in the Middle East....
The International Energy Agency (IEA) has warned that escalating conflict in the Middle East is increasing risks to global energy security, with threats to the Strait of Hormuz and Bab el-Mandeb Strait fuelling uncertainty over global oil and natural gas supplies....
Enersol’s portfolio company Deep Well Services (DWS) has completed its first well in the UAE, marking the company’s first deployment in the country and the wider Middle East region. The operation used DWS’ Hydraulic Completion Unit (HCU) technology and achieved planned first-well performance targets....
Blue Ocean Decom, a new specialist subsea removal and decommissioning company, has launched with ambitions to expand internationally, naming the Middle East, Asia-Pacific and the UK as its key growth markets....
The International Energy Agency (IEA) forecasts global natural gas demand will fall 0.5 per cent in 2026 as Middle East conflict-driven supply disruptions, higher prices and reduced LNG flows through the Strait of Hormuz weigh on consumption. ...
Dozens of countries agreed at the International Energy Agency (IEA) conference in Montreal to prioritise energy efficiency to cut costs, improve resilience and reduce volatility after Middle East energy disruptions, pledging stronger support for households, SMEs and global cooperation....
The Middle East conflict has disrupted hydrogen-based supply chains critical to fertilisers, refining and chemicals, exposing vulnerabilities. While global hydrogen demand exceeded 100 million tonnes in 2025, high costs and infrastructure gaps continue to hinder low-emissions hydrogen growth....
South Korea’s inflation rose to a 26-month high in May, reaching 3.1 per cent year-on-year. The increase was driven mainly by higher fuel costs amid volatility in global energy markets, according to Statistics Korea....
The latest developments in the Middle East have pushed oil higher again, reintroducing some of the “war trades” that had faded in recent weeks. Markets are still being driven by a tug-of-war between strong fundamentals and rising macro risk, but the tone has become more cautious over the past 24 hours, said an expert. ...
Alfa Laval, an expert in heat transfer, separation, and fluid handling technologies, reaffirms its long-term commitment to the Middle East during a two-day visit by Alfa Laval President and CEO Tom Erixon to the UAE....
International Energy Agency (IEA) says global oil markets face disruptions in 2026 due to Middle East conflict and Strait of Hormuz restrictions, with demand forecast to fall by 420 kb/d to 104 mb/d, led by a sharp Q2 decline....
Jeju Air, Jin Air and other Korean budget airlines cut 900 round-trip flights and introduced emergency measures as Middle East tensions pushed jet fuel prices sharply higher, with further flight reductions expected in coming months....
Global LNG exports fell to about 33 million tonnes in April 2026, the lowest in nearly two years, as Middle East tanker disruptions linked to the US-Israeli war with Iran impacted shipping flows....
IntrospeXion, a specialist consultancy firm providing mental health and wellbeing aid to offshore and energy workforces, has announced expansion into the Middle East through a new entity....
