8/1/2026 9:13:53 AM (Volume: 43 / Issue: 8)
MEDIA SPONSORS
Facebook Instagram Twitter LinkedIn YouTube

Tag: Middle East

Energy, Oil & Gas

Técnicas Reunidas wins $5.75bn ADNOC mega project contracts

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 to provide engineering, procurement, construction and installation services for its Upper Zakum megaproject. ...

Energy, Oil & Gas

Escalating Mideast tensions raise O&G supply risks: IEA

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....

Energy, Oil & Gas

Deep Well Services completes first UAE well deployment

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....

Energy, Oil & Gas

IEA forecasts 0.5pc drop in global natural gas demand in 2026

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. ...

Energy, Oil & Gas

Global push for energy efficiency amid Hormuz tensions

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....

Energy, Oil & Gas

Global hydrogen supply chains tested by Mideast crisis: IEA

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....

Energy, Oil & Gas

South Korea inflation rises to 3.1pc as fuel prices spike

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....

Energy, Oil & Gas

Renewed Mideast tensions drive oil higher, revive market jitters

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. ...

Energy, Oil & Gas

Alfa Laval CEO reaffirms commitment to Mideast customers

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....

Energy, Oil & Gas

IEA warns of oil market deficit amid Mideast disruption

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....

Energy, Oil & Gas

Korean budget airlines cut 900 flights over oil prices

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....

Energy, Oil & Gas

EU to push for jet fuel diversification as Iran war threatens supply

The European Union (EU)​ will urge members to cut their dependence on Middle Eastern jet fuel and look into increasing imports from the US, in new guidelines expected next ‌week, an official source told Reuters, as the Iran war disrupts global supply....

Energy, Oil & Gas

INTECH secures Middle East shutdown systems project

INTECH secured a contract for the design, engineering, procurement, integration, and testing of multi-wellhead shutdown systems for gas modular skids for a leading NOC in the Middle East....

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

Asia boosts US LPG imports to replace Middle East supply

Asia's biggest liquefied petroleum gas (LPG) importers, including India and China, are racing to replace disrupted Middle East supplies with cargoes from the Americas, driving spot premiums to record highs, analysts and traders said....

Energy, Oil & Gas

G7 reaffirms commitment to safeguard global energy stability

The finance and energy ministers of the G7 group affirmed their readiness to take "all necessary measures" to ensure the stability of the energy market, as part of their efforts to address the economic repercussions of the war in the Middle East....

1 2 >