Energy, Oil & Gas

Energy crisis looms as major plants shut down, Hormuz shipping halted

A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz....

Energy, Oil & Gas

Hundreds of ships drop anchor in Gulf waters

At least 150 tankers, including crude and LNG vessels, dropped anchor in open Gulf waters beyond the Strait of Hormuz and dozens more were stationary on the other side of the chokepoint, shipping data showed, after US and Israeli strikes on Iran plunged the region into turmoil....

Energy, Oil & Gas

The Middle East ‘prepares’ for massive decommissioning of ageing oil assets

The Middle East, historically a cornerstone of global oil and gas supply, is poised to emerge as a significant hub for asset decommissioning, with around 700 offshore facilities currently awaiting action and projections indicating an increase to 1,000 structures and 300 wells by 2038....

Energy, Oil & Gas

L&T units wins near $1.1bn Mideast substations contracts

Indian construction and engineering conglomerate Larsen and Toubro (L&T) said one of its key units has secured EPC orders - in the range of Rs50 billion to 100 billion ($551 million to $1.1 billion) - from leading utilities in the Middle East to establish electricity grid system elements across the region. ...

Energy, Oil & Gas

Middle East credit outlook for 2026 stable despite lower oil: S&P

The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%. ...

Energy, Oil & Gas

IEA calls for urgent grid expansion to meet surging electricity demand

Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report. ...

Energy, Oil & Gas

Intech lands I-field O&M deal for over 1,000 wells in Mideast

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....

Energy, Oil & Gas

Krohne unveils key aviation fuel integrity technologies

Krohne, a global manufacturer of measurement solutions, has announced new milestones in its aviation fuel management portfolio - including deployments of leak detection systems and SAF blending technologies across Europe, Middle East, Asia and Americas. ...

Energy, Oil & Gas

Axis Communications names new MEA regional head

Axis Communications, a global leader in physical security and network surveillance solutions, has announced the appointment of Loubna Imenchal as its new Regional Director for the Middle East, Turkey, Central Asia, and Africa (MEA). ...

Energy, Oil & Gas

Forbes Middle East kicks off 3rd annual Sustainability Leaders Summit

Forbes Middle East kicked off the third edition of its Sustainability Leaders Summit. The summit brought together global leaders and decision-makers from across the public and private sectors, alongside sustainability experts, investors, and entrepreneurs....