South Korea plans to reduce its reliance on Middle Eastern crude oil to 50 per cent by 2035, as Seoul seeks to diversify energy supplies following regional disruptions. The government’s 10-year resource security plan calls for a major transformation of supply chains....
Intech has been awarded a contract to conduct a comprehensive Operational Technology (OT) network assessment for a leading liquid terminal operator in the Middle East, strengthening cybersecurity across industrial systems....
The International Energy Agency (IEA) warns the Middle East conflict-driven energy crisis is disrupting LPG supplies via the Strait of Hormuz, causing shortages and price spikes that threaten cooking fuel access for billions in developing Asia and other emerging economies....
Europe risks jet fuel shortages after Middle East shipments halted due to conflict and closed shipping routes, threatening aviation just as airlines prepare for peak summer travel demand....
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. ...
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. ...
German energy giant E.ON expects electricity and gas prices to continue climbing over the long term as a result of ongoing tensions in the Middle East, according to senior company officials....
European gas prices have surged following rising tensions in the Middle East, as failed ceasefire talks between Iran and the US unsettle global energy markets. ...
The European Commission (EU) has urged member states to cut their use of oil and gas—especially in transportation—due to the ongoing energy crisis and the risk of supply disruptions linked to the war in the Middle East....
The International Energy Agency (IEA ) launched a policy tracker monitoring government responses to Middle East energy market impacts, detailing measures to conserve energy, protect consumers, and address supply disruptions and price volatility in oil, oil products, and LNG markets....
TotalEnergies says the Middle East conflict has forced production shutdowns or pending closures in Qatar, Iraq and offshore United Arab Emirates fields, affecting around 15 per cent of its total output....
SLB is monitoring the Middle East situation, prioritising employee safety, suspending travel, and demobilising operations. First-quarter revenue is expected lower, with earnings impacted. Despite disruptions, the company remains confident in its global business resilience....
IMF Managing Director Kristalina Georgieva warned the escalating US-Israel-Iran conflict risks pushing global inflation higher, after oil prices surged more than 30 per cent in Asian trading to their highest levels since 2022. ...
Intech has renewed its certification under ABB’s Value Provider Programme for Control Systems, maintaining its status as an authorised System Integrator for selected ABB control technologies across the Middle East....
I Squared Capital (I Squared), an infrastructure investment manager, has announced the launch of Radiant Energy Solutions (Radiant), an investment from I Squared’s Middle East infrastructure strategy, which is focused on targeting transformational, mid-market investments in the region....
Soiltech has been awarded a contract by Wellbore Integrity Solutions in Dubai to deliver fluid treatment services. The contract involves the use of Soiltech’s field-proven Swarf Removal System (ST-SRS) to remove metal residues (swarf) from drilling fluids during offshore milling operations in the Middle East region....
INTECH has been awarded a project to supply multi-wellhead control panels for a leading onshore oil field in the Middle East. The scope includes the design, engineering, fabrication, and factory testing of safety-critical wellhead control systems to support reliable operation and enhance control across multiple wells....
Wood has secured more than $1 billion in contract wins across the Middle East in 2025, marking the second consecutive year of record sales bookings in the region. Wood has seen a near 20 per cent increase in awards compared to 2024, with wins across UAE, Iraq, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar....
ProSep has secured a new contract to supply its proprietary mixing technology to a regional operator, delivering three Annular Injection Mixers (AIM) for a Saudi Arabian oilfield....
As artificial intelligence emerges as a transformative force in the clean energy sector, the World Future Energy Summit 2026 will spotlight its vast potential to reshape energy production, transmission, and efficient, data-driven distribution....
