Less than a week after finalizing a shareholder restructuring program that deleveraged its balance sheet, Saudi Arabia’s Petro Rabigh refining and petrochemicals JV has approved a major upgrading project. In a 15 Octob...
The Petroleum Projects and Technical Consultations Company (PETROJET) has secured a $1.08 billion contract to develop the second phase of the Hassi Bir Rekaiz oil field in Algeria. The project is operated by Groupement H...
Oil prices fell sharply on Monday as markets opened, driven by forecasts suggesting prices could drop below $50 a barrel in 2026 if current trends persist. Both the U.S. Energy Information Administration (EIA) and Goldma...
Just over two years after Hamas’ 7 October 2023 brutal incursion triggered Israel into launching a devastating war against the group in Gaza, US President Donald Trump’s long-trailed “Peace in the Middle East” in...
Halliburton and Aker BP, one of the largest independent upstream producers, successfully completed the first subsea operation on the Norwegian continental shelf using the Enhanced Remote Operated Control System (eROCS) a...
Q: The Barakah Plant is now fully operational. What has the facility’s impact been for the UAE and how does nuclear complement other power sources such as gas and renewables? A: The Barakah Nuclear Energy Plant has bee...
SLB, the global technology leader in oilfield services and energy transition, announced a 4% increase in revenues in the third quarter (Q3) of 2025, reaching $8.93 billion (Bn) compared to quarter 2 (Q2) 2025. However, r...
The European Commission’s (EC) market testing of remedies provided by Abu Dhabi state firm XRG as part of its planned takeover of German chemicals firm Covestro appears to have gone off without a hitch. XRG, the intern...
The Modern Drilling Company (MDC), a leading player in the Egyptian petroleum sector, has received the 2025 Safety, Occupational Health, and Environmental Protection (HSE) Partnership Award from Kuwait’s Wafra Joint Op...
Abu Dhabi state offtaker Ewec has signed a power purchase agreement with its compatriot Masdar and France’s Engie for the 1.5GW Khazna solar PV plant. Khazna is the fourth large scale solar PV project to be developed b...
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