Acwa has announced the signing of a power purchase agreement (PPA) with the Saudi Power Procurement Company for the Rabigh 2 Independent Power Plant Expansion Project. Signed on April 16 2026 with a contract...

Energy disruptions due to the Iran war will weigh heavily on Gulf oil and gas exporters economies while the Middle East s oil importers like Egypt and Jordan face shocks from higher commodity prices and...

Shuaa Capital Saudi Arabia a Capital Market Authority (CMA) licensed capital markets institution and a fully owned subsidiary of Shuaa Capital has signed an agreement with Gate Capital Financial Services...

Oil prices extended their decline on Wednesday as cautious optimism over a possible resumption of US-Iran talks eased immediate supply fears even as underlying risks from the ongoing conflict continued...

Oil prices fell below 100 a barrel this morning over signs of new US-Iran dialogue to end their war. Brent crude was at 97.8 in early trade while US WTI crude was at 96.83. Yesterday oil futures had jumped...

Masar Petroleum a leading Omani oil and gas exploration and production company announced a discovery in the Hasirah Ridge in Block 7 Oman. Masar Petroleum first made history in 2017 as the inaugural operator...

In light of growing economic and environmental challenges energy efficiency has become a top priority for governments and societies alike. As global temperatures continue to rise and energy demand intensifies...

OQ Group reported a net profit of RO 641 million ( 1.6 billion) for 2025 up 25 per cent year on year. The result reflects the strength of its integrated business model and disciplined performance amid...

For the sixth consecutive year Saudi Basic Industries Corporation (Sabic) has won recognition across various categories of the Edison Awards for a range of innovative solutions reflecting the global petrochemical...

Abu Dhabi-based Global South Utilities (GSU) a Resources Investment company has announced its 2025 milestones which included expanding its renewable energy portfolio across Africa and Central Asia contributing...

Saudi Energy (SE) and Kraken announced the signing of definitive agreements for a strategic partnership with Kraken Technologies (Kraken) a global provider of an AI-powered operating system for the utilities...

QatarEnergy as a shareholder in TotalEnergies E&P Congo (TEPC) announced a hydrocarbon discovery in the MHNM-6 NFW well of the Moho G structure in Congo part of the country s Moho offshore exploration...

The strategic deployment of renewables has provided enhanced resilience in the face of the current energy crisis by a number of countries according to a new policy advisory from the International Renewable...

Iran expects to restore most damaged refining and distribution facilities to 70 80 per cent of their pre-attack capacity within one to two months a senior oil official said as authorities work to recover...

The total production of refineries in Oman recorded an increase of 11.1 per cent by the end of February 2026 compared to the same period in 2025. Preliminary statistics issued by the National Centre for...

Oman s Ministry of Energy and Minerals announced the offering of five concession areas in the oil and gas sector for competition among local and international petroleum companies. This comes as part of...