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Oil prices continue to rise as US likely to extend blockade

Oil prices went up further on Wednesday extending a multi-day rally as the Iran and US blockades of the Strait of Hormuz continued. Reports said the US will extend its blockade of Iranian ports. US President...

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Adnoc LNG tanker crosses Strait, headed to India, says report

A liquefied natural gas (LNG) tanker managed by UAE s ADNOC has crossed the Strait of Hormuz and appears to be near India ship-tracking data quoted by Reuters showed. The 136 357 cu m tanker which is managed...

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Oil tops $105 as Iran–US maritime standoff jolts market

Oil prices surged past the 105 threshold on Friday as an escalating maritime standoff between Iran and the United States in the Strait of Hormuz rattled global energy markets. Benchmark Brent crude rose...

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Masdar celebrates 20 years, exceeds 65 GW clean energy capacity

Abu Dhabi Future Energy Company Masdar is celebrating 20 years as a global leader in renewable energy. Established on April 23 2006 by His Highness Sheikh Mohamed bin Zayed Al Nahyan through Mubadala Investment...

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Alpha Nero partners with CleanMax on large-scale solar project

Alpha Nero a Dubai-founded luxury retail residential fit-out and shopfitting specialist has completed a solar energy installation across its UAE facilities in partnership with CleanMax Enviro Energy Solutions...

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Masdar, EPCG partner on Montenegro energy security

Masdar Abu Dhabi energy company and Elektroprivreda Crne Gore (EPCG) Montenegro s national power utility have agreed to form a 50/50 joint venture (JV) to develop large-scale renewable energy projects...

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Dana Gas boosts dividend by 18pc for 2025

Dana Gas a large regional private sector natural gas company in Middle East announced that shareholders have approved a cash dividend of 6.5 fils ( 0.018) per share for the full year 2025 at its Annual...

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Kuwait declares force majeure on oil shipments amid Hormuz blockade

Kuwait has declared force majeure on shipments of crude oil and refined products after a blockade of the Strait of Hormuz prevented some vessels from entering the Persian Gulf hindering its ability to...

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NMDC Energy reports $1.4bn revenue in Q1 2026

NMDC Energy has announced its financial results for the first quarter of 2026 stating that it maintained operational continuity across all its projects as a result of integrated efforts coordination with...

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Enoc Group, Emarat partner to enhance aviation fuel continuity

Enoc Group an integrated global energy player and Emirates Petroleum Company (Emarat) have signed a Memorandum of Understanding (MoU) to establish a Business Continuity Plan (BCP) framework. This strategic...

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Gulf oil output can rebound quickly after Hormuz reopens: Goldman Sachs

Oil production across the Gulf sharply curtailed by the Iran conflict is expected to stage a strong recovery within months once the Strait of Hormuz fully reopens according to Goldman Sachs offering a...

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Aramco partners with Sulzer for pump systems, services

Sulzer has signed a long-term corporate procurement agreement (CPA) with Aramco. The agreement sets a framework for the supply of centrifugal pumps spare parts and aftermarket services across Aramco s...

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QatarEnergy marks first LNG export from Golden Pass project

QatarEnergy has celebrated the first LNG export cargo from the Golden Pass LNG project in Sabine Pass Texas in the US a joint venture between QatarEnergy and ExxonMobil. Marking an important step towards...

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Saudi Arabia starts qualification process for six BESS projects

The Saudi Power Procurement Company (Principal Buyer) has commenced the qualification process for the second group of Battery Energy Storage System (BESS) projects consisting of a total of six projects....

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ScottishPower, Masdar set UK blade install record at East Anglia THREE wind farm

ScottishPower and Masdar s East Anglia THREE offshore windfarm has set a UK offshore wind record with the installation of its first turbine the first in the UK to feature 115 metre blades each one longer...

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Nearly half of Gulf O&G assets beyond design life: IGS research

Integrated Global Services (IGS) a global leader in surface protection and asset optimisation has released new research revealing that a growing share of oil and gas infrastructure across Saudi Arabia...

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