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ADNOC Drilling Expansion into Kuwait and Oman Strengthens Gulf Oilfield Services

ADNOC Drilling expansion into Kuwait and Oman marks a strategic move to grow beyond its home base in the UAE. The company recently signed...
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Energyhouse Reviews Offer for UAE Subsidiary Stake Amid Kuwait Energy Strategy Shift

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New Oil Discovery in Saudi Arabia and Kuwait Boosts Global Energy Supply

New oil discovery in Saudi Arabia and Kuwait has sparked global attention. Both countries jointly revealed a significant find in the Partitioned Zone. According...
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CPEC Subsidiary Wins Major Iraq Gas Project from TotalEnergies

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ADNOC Drilling Expansion into Kuwait and Oman Strengthens Gulf Oilfield Services

ADNOC Drilling expansion into Kuwait and Oman marks a strategic move to grow beyond its home base in the UAE. The company recently signed...

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ADNOC Drilling Expansion into Kuwait and Oman Strengthens Gulf Oilfield Services

ADNOC Drilling expansion into Kuwait and Oman marks a strategic move to grow beyond its home base in the UAE. The company recently signed...

Energyhouse Reviews Offer for UAE Subsidiary Stake Amid Kuwait Energy Strategy Shift

Energyhouse, a leading Kuwaiti oil firm, received an offer to sell its UAE-based subsidiary. The subsidiary stake amounts to 92.5 percent of the UAE company. This...

New Oil Discovery in Saudi Arabia and Kuwait Boosts Global Energy Supply

New oil discovery in Saudi Arabia and Kuwait has sparked global attention. Both countries jointly revealed a significant find in the Partitioned Zone. According...

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Saudi Economic Growth Accelerates as Non-Oil Sector Shines

Saudi Arabia's economy showcased strong economic resilience by posting 3.4% year-on-year real GDP growth in the first quarter of 2025, according to official data released Monday....

OPEC Oil Output in May Rises Less Than Planned in Iraq and the Gulf

OPEC oil output in May increased slightly but fell short of expectations, as Iraq and Gulf states limited production boosts. The Reuters survey revealed...

Basrah Crude Oil Prices Rise Despite Global Oil Drop

Basrah crude oil prices climbed modestly, showing strength even as global oil markets trended downward. Basrah Heavy crude increased by 99 cents to $61.41...

UAE Non-Oil Growth Slows Slightly

Business activity in the UAE’s non-oil private sector eased slightly due to ongoing global tariff uncertainty. Despite this, the country’s economic fundamentals remain strong,...

Adnoc Drilling Oman Deal Secures 70% Stake in SLB Rigs

Adnoc Drilling has made a bold move in the regional oil sector. The company secured a 70% stake in SLB’s drilling operations in Oman....

Oman Reports 2024 Budget Surplus from Hydrocarbon Revenue Rise

Oman reports 2024 budget surplus from hydrocarbon revenue rise as oil prices outpaced initial forecasts. The final account for the 2024 budget shows total...

Iraq Boosts Oil Output at Nasiriyah and Saba Fields

Iraq boosts oil output at Nasiriyah and Saba Fields after strong local engineering efforts. The Ministry of Oil announced that both fields now produce...

ADNOC Drilling Enters Oman Market Through Major $112m Stake Deal

ADNOC Drilling has taken a bold step into Oman’s oilfield services sector by acquiring 70% of SLB’s land drilling rigs business in the Sultanate. Notably,...

Saudi Arabia Oil Price Cut Likely for July Due to OPEC+ Supply Jump

Saudi Arabia may reduce its oil prices for July exports to Asia. This move comes as OPEC+ continues to boost production. A Saudi Arabia oil...

Nama Group Advances Oman Energy Transition With Key Projects

Nama Group continues to make major progress in driving the Oman energy transition. The group presented updates during its annual media briefing, showcasing strategic gains...

GULFNAV Brooge Acquisition Strengthens Oil Storage Market

Gulf Navigation Holding PJSC (GULFNAV) has made a big move to expand its operations. The company has now finalized the GULFNAV Brooge acquisition. This...

Saudi Arabia Pushes Forward with New Saudi Aramco Bond Issuance

Saudi Aramco bond issuance is back in motion as the oil giant plans a new multi-part bond sale worth at least $500 million. Notably,...
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