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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 Rebound to the US as Shipments Surge

Iraq’s oil exports to the United States rebounded sharply last week, showing a strong recovery in shipments. According to the US Energy Information Administration...

Oil Kuwait crude price rises amid global market rebound

Oil prices in Kuwait climbed steadily this week. The Kuwait Petroleum Corporation confirmed the increase, as crude oil rose by $1.46 to reach $64.53...

Global Oil Surplus May Shift To Shortage in Coming Years

The global oil surplus is expected to continue through this year and next, as production levels remain higher than demand. However, experts predict a shift toward...

Offshore Pipeline Project Boosts Iraq’s Oil Exports

Iraq has launched a major offshore pipeline project, marking a strategic step in modernizing its oil export system. The project aims to improve crude...

Green Hydrogen Project Advances in Saudi Arabia

Saudi Arabia is advancing its green hydrogen project after Saudi Arabia Refineries Co., or SARCO, signed a non-binding memorandum of understanding with UAE-based Go...

Oil Flows Boost Trade and Strengthen Iraq-Turkey-U.S. Business Ties

Oil flows through the northern pipeline could transform regional cooperation and deepen economic partnerships. The restart of exports through the Iraq-Turkey Pipeline (ITP) offers...

Aramco Acquisition Expands Stake in Petro Rabigh To 60 Percent

The Aramco acquisition of a 22.5 percent stake in Petro Rabigh marks a major move in its downstream growth. With this deal, Aramco increased...

Oman Steps Up LNG Push to Capture Global Energy Market

Oman’s liquefied natural gas growth drive is taking center stage as OQ Trading intensifies efforts to broaden its LNG portfolio. The state-owned energy company...

Oman Hydrogen Projects Enter Execution Phase

Oman is moving rapidly from planning to execution in its ambitious green hydrogen program. The nation’s strategy, led by Minister of Energy and Minerals...

Iraq Strengthens Economy through Gas Flaring Reduction

Iraq is moving closer to ending gas flaring in its oil fields, a shift that is expected to transform the nation both economically and...

QatarEnergy Expands Egypt Exploration with North Cleopatra Block

QatarEnergy has secured a 27% participating interest in the North Cleopatra Block offshore Egypt. The agreement comes through a deal with Shell. Under the...

Reducing Oil Dependence Remains Kuwait’s Key Economic Challenge

Kuwait continues to rely heavily on oil dependence, according to the latest IMF assessment. The International Monetary Fund (IMF) analyzed the country’s economic and...
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