The Middle East’s historic role as the global energy heartbeat is entering a new chapter. While the region continues to provide over 31% of the world’s oil, its true competitive advantage is shifting from resource extraction to intelligent orchestration.
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit of AED393 million ($107 million) in H1 2026, compared with AED270 million ($73 million) in H1 2025, an increase of 47%.
Saudi utility giant Acwa Power has reported mixed first-half results, with its revenue soaring to SAR4 billion ($1.2 billion) mainly driven by higher energy sales and increased O&M services earnings, while its net profit for the six-month period fell 28% to SAR653.2 million ($174.2 million).
Shell Catalysts & Technologies has sold intellectual property assets and experienced personnel linked to its Environmental Catalysts and Systems (ECS) business to Lummus Technology, supporting the continued growth of the environmental solutions unit.
EnerMech has secured a multi-year contract to provide topside process and shutdown services across a major North Sea operator’s offshore asset portfolio, strengthening its role as a trusted technical services partner.
Nigeria is aiming to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 as it works to revive crude production, increase energy output, and strengthen its position as Africa’s leading energy producer.
Asyad Shipping has advanced its fleet expansion strategy with the naming of new product tanker “MT Manah” at China’s Wuzhou Shipyard, enhancing refined petroleum transport capabilities and supporting Oman’s vision to become a leading global maritime and logistics hub.
Petrofac has announced that Al Mazrui International has completed its investment in Petrofac HoldCo Limited, the holding company of Petrofac Emirates, becoming a strategic investor alongside the company’s existing shareholder group.
Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, has announced that it has commissioned a new power substation at Oxagon, thus increasing the manufacturing and innovation city's available electricity capacity to 3.15GW.
Saudi Aramco President and CEO Amin H Nasser tops the Forbes Middle East’s sixth annual Top 100 CEOs list, which spotlights the executives leading the region’s most impactful organisations.
