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Bapco Energies declares force majeure

Bapco Energies Bahrain s integrated energy company hereby serves notice of force majeure on its group operations which have been affected by the on-going regional conflict in the Middle East and the recent...

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Adnoc ensures continuity of operations amid regional developments

Adnoc confirms that its operations continue despite current regional developments. The company has activated its well-established protocols and is working closely with the relevant authorities to protect...

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Tanker attacks escalate in Gulf as US-Iran conflict intensifies

Attacks on commercial shipping in the Gulf have intensified as the war between the US and Iran escalated raising concerns about disruptions to energy supplies from one of the world s most critical oil...

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Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc

Saudi-listed Acwa the world s largest private water desalination company a leader in the energy transition and a first mover into green hydrogen at scale today (March 4) reported solid results for FY 2025...

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Sabic revenue hits $31bn amid petrochemicals headwinds

Saudi Basic Industries Corporation (Sabic) has delivered solid results for FY 2025 posting a net adjusted income of SAR2.1 billion ( 560 million) and revenues of SAR116.5 billion ( 31 billion). A key highlight...

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QatarEnergy to stop downstream production

Further to the decision by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products QatarEnergy is stopping the production of some downstream products in the State of Qatar...

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Tahweel in deal with Tasnee to acquire Saudi industrial group for $186m

Saudi Holding Company for Conversion Industries (Tahweel Holding) has entered into a deal with leading petrochemical group Tasnee to acquire 100% of the share capital of its entity - Al Rowad Industrial...

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Oman's Madayn inks investment contracts to localise three industrial projects

Oman s Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics...

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Oman’s oil exports surpass 26 million barrels by end of January 2026

Oman s oil exports recorded a 3 percent increase by the end of January 2026 reaching 26 600 200 barrels compared to 25 821 300 barrels during the same period in 2025. Preliminary statistics issued by the...

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SABIC's Abdulrahman Al-Fageeh retires, new CEO named

SABIC has announced the retirement of its CEO and Executive Member of the Board Abdulrahman Al-Fageeh effective April 1 2026. The Board of Directors has appointed Dr Faisal Al-Faqeer as the new CEO. In...

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Fire contained in Bapco refinery after missile attack

A fire broke out at a unit of the BAPCO Energies refinery in Bahrain following an Iranian missile strike a Bahrain news Agency report said. The fire has been fully contained there are no reported injuries...

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QatarEnergy declares force majeure

Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products QatarEnergy has declared Force Majeure to its affected buyers. QatarEnergy said the...

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Saudi Energy reports highest-ever operating revenues of $27bn

Saudi Energy (formerly Saudi Electricity) announced its financial results for the year 2025 delivering strong financial and operational performance with sustainable earnings growth. Operating revenues...

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Oil and gas prices surge as Hormuz stays closed; Aramco mulls Yanbu route

Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East triggering supply fears and sending shockwaves through commodity markets....

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Drones target fuel tanks at Oman’s Duqm Port

Fuel storage facilities at Oman s strategic Port of Duqm were targeted by multiple Iranian drones on Tuesday with at least one unmanned aerial vehicle striking a fuel tank according to the Oman News Agency...

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

A sharp escalation in the Middle East conflict has triggered unprecedented disruptions across the region s energy industry with QatarEnergy announcing a halt to liquefied natural gas (LNG) production....

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