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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 Seawater Plant Deal with Hyundai to Boost Oil Output

Iraq has awarded Hyundai Engineering & Construction of South Korea a major contract for the Iraq seawater plant in the Artawi oil field. The...

Saudi Oil Exports to China Dip as Price Strategy Reshapes Trade

Saudi oil exports to China are expected to drop in September after reaching a more than two-year high in August. The world's largest crude...

Iraq Reboots Oil Exports to Turkiye in Strategic Energy Move

Iraq has announced the resumption of oil exports to Turkiye through the Ceyhan pipeline. The restart begins at 80,000 barrels per day. Oil Minister...

Saudi Arabia Hikes Oil Prices as Global Demand Accelerates

Saudi Arabia has increased the official selling price of its Arab Light crude for Asian buyers. The price rose by $1 per barrel, bringing...

Adnoc Distribution Profit Jumps 12% on Record Fuel Sales

Adnoc Distribution, the UAE’s top fuel retailer, posted a strong first-half result with a 12% surge in Adnoc profit. The company earned $358 million,...

Saudi Energy Pivot Signals Billion-Dollar Bet on a Post-Oil Future

Saudi Arabia is rapidly expanding its clean energy portfolio to reduce dependence on oil. A recent $8.3 billion deal added seven major renewable projects....

Iraq’s Baiji Plant Supercharges Oil Output and Slashes Import Costs

Iraq has inaugurated a 50-megawatt power station at the Baiji refinery in Salahuddin province. This new facility delivers consistent electricity directly to refinery units....

Aramco Shares Sink $800B as Investors Fret Over Dividends and Oil Volatility

Aramco shares have come under sharp pressure, dropping 14% and marking the worst performance among major oil companies. This decline has alarmed investors and...

Kuwait Power Grid Efficiency Improves at Control Center

Kuwait's National Control Center plays a crucial role in managing the nation's electric grid with skill and dedication. Every day, employees monitor, operate, and...

Qatar LNG Shipping Profit Rises on Strong Nakilat Performance

Qatar's LNG transport leader Nakilat reported strong financial results, driven by rising demand and efficient operations. The Qatar LNG shipping profit increased by 3.7%,...

Qatar Gas Projects Fuel Energy Growth

Qatar is rapidly scaling its natural gas infrastructure. The country aims to increase output to meet global energy needs. This plan focuses on efficiency,...

ADNOC Drilling Delivers $217M Dividend Amid Soaring Profits and Contract Wins

The UAE energy sector continues to post strong results. ADNOC Drilling recently reported a sharp increase in second-quarter revenue. The company’s revenue rose by...
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