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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....
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Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

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Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...
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AI And Global Shipping Help Avoid Major Hormuz Supply Crisis

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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

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Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Iraq Records More Than $23.6 Billion in Revenue During First Four Months of 2026 as Oil Continues to Dominate State Income

Baghdad, Iraq: Iraq’s financial revenues exceeded $23.6 billion during the first four months of 2026, according to the Ministry of Finance. The figures highlight...

Qatar LNG Shipment Crosses Strait Of Hormuz As Regional Tensions Ease

A Qatar LNG shipment successfully sailed through the Strait of Hormuz aboard the LNG carrier Disha. The voyage signals a possible improvement in regional maritime activity after...

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Iraq Oil Exports to US Drop Significantly, EIA Reports

Iraqi oil exports to the United States fell sharply last week, according to the US Energy Information Administration (EIA). The decline highlights changes in...

Opec+ V8 Members to Approve Modest Oil Production Increase

Saudi Arabia, Russia, and six other OPEC+ members are expected to approve a modest increase in oil production during their online meeting. The decision...

QatarEnergy awards EPC contract to Samsung C&T Corporation

QatarEnergy has awarded Samsung C&T Corporation the engineering, procurement, and construction (EPC) contract for a major carbon capture and sequestration (CCS) project at Ras...

Asset Sale Signals Shift in LUKOIL’s Iraq Operations

LUKOIL, the Russian energy giant, is selling its international assets in Iraq to Switzerland’s Gunvor Group. The asset sale comes amid escalating U.S. sanctions...

Saudi Arabia’s GDP rises 5% as oil recovery drives Vision 2030 growth

The GDP of Saudi Arabia expanded by 5% in the third quarter of 2025, fueled by a rebound in oil production and strong investment...

Qatar Energy Commitment Reaffirmed at GECF Meeting in Doha

Qatar energy leadership played a central role at the 27th Ministerial Meeting of the Gas Exporting Countries Forum in Doha. The meeting focused on...

Kuwait Oil Company Drives Operational Excellence and Secures Energy Future

Kuwait Oil Company achieves record oil and gas production, advances offshore exploration, and strengthens digital transformation. KOC empowers Kuwait’s energy future with innovation, sustainability,...

Floating LNG Terminal to Boost Iraq’s Energy Security

Floating LNG terminal development will enable Iraq to access global LNG markets for the first time. Consequently, the project strengthens energy security and meets the...

TotalEnergies and Aljomaih Secure 400 MW Solar Plant Contract in Saudi Arabia

A consortium of France’s TotalEnergies and Saudi Arabia’s Aljomaih Energy & Water (AEW) has won the contract to develop, build, and operate a 400...

Excelerate Energy to Build Iraq’s First Floating LNG Terminal at Khor Al Zubair Port

Excelerate Energy, Inc. has signed a definitive agreement with a subsidiary of Iraq’s Ministry of Electricity. As a result, the deal will establish the...

Hyundai Motor Group to Launch First Middle East Plant in Saudi Arabia with 50,000 Vehicle Capacity in 2026

Hyundai Motor Group will start operations at its first Middle East plant in Saudi Arabia in late 2026. The facility will have an annual...

UAE Expands Energy Capacity as Fujairah Gas-Fired Power Plant Officially Begins Operations

The UAE has begun operating the new Fujairah gas-fired plant, marking a major step in its national energy expansion. The 2.4-gigawatt facility strengthens power...
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