Dana Gas, the Middle East’s largest regional private sector natural gas company, has reported a net profit of AED558 million ($152 million) for 9M 2026, compared with AED379 million ($103 million) in 9M 2025, an increase of 48%.
Crude rebounds after election-driven sell-off as Iran reports three more vessels damaged; attacks on Gulf shipping continue at near-record pace
A record-breaking ADIPEC 2026 ended on a solid note with more than 50,000 deals worth an estimated $67 billion being sealed over four days, up 26.4% over 2025. The mega energy event welcomed 240,000 attendees from 170 countries, thus reinforcing its position as a global meeting point for the energy sector.
Leading Spanish fluid-handling equipment manufacturers are out in force at the top energy expo ADIPEC 2026 in Abu Dhabi, showcasing their innovative products and solutions for the oil and gas sector. The four-day event brought together more than 2,260 exhibitors from 170 countries across the globe.
NMDC Group has signed five strategic agreements at ADIPEC 2026 with regional and international partners, targeting stronger supply chains, advanced marine technologies, local manufacturing, digital transformation and innovative solutions for energy infrastructure development across the UAE and wider region.
Saudi-listed Acwa, the world’s largest private water desalination company, a leader in the energy transition, has reported a stable nine-month net income as Q3 performance gained momentum.
Emirates Petroleum Company (Emarat) has signed a strategic agreement with Al Fanar Gas Group to explore opportunities in natural gas supply and associated infrastructure across the UAE.
French energy giant Engie has announced the financial close for Barka 3 and Sohar 2 - two key combined cycle gas turbine (CCGT) power plants located in Oman. The refinancing follows 15-year extensions of both plants’ power purchase agreements (PPAs) earlier this year, which secure their operations until 2043.
ENOC Group has inaugurated its first ZOOM convenience store featuring Amazon’s Just Walk Out technology, introducing checkout-free shopping at its retail network and marking a new milestone in convenience retail innovation in the Middle East and North Africa (MENA).
Standard Bank and the Mozambique Oil and Gas Chamber have signed a memorandum of understanding (MoU) to strengthen the participation of micro, small and medium-sized enterprises (MSMEs) in Mozambique’s energy value chain, as major liquefied natural gas (LNG) projects advance towards commissioning.
