The US Energy Information Administration (EIA), in its latest Short-Term Energy Outlook report, forecasts that US crude oil production will average 13.5 million barrels per day (b/d) in 2026, about 100,000 b/d less than in 2025.
bp has delivered first oil from the Atlantis Drill Centre 1 expansion project in the US Gulf of America, its seventh upstream major project startup of the year. The project is expected to add 15,000 barrels of oil equivalent per day (boe/d) gross peak annualised average production at the existing Atlantis platform.
Michelin, IFPEN, and Axens have announced significant advancements in the BioButterfly project, supported by ADEME, Région Nouvelle Aquitaine and Bordeaux Metropole, which aims to produce bio-based butadiene from bioethanol.
In the third quarter of 2025, 49.3 per cent of net electricity generated in the European Union (EU) came from renewable energy sources, an increase of 3.8 per cent compared with the 47.5 per cent registered in the same quarter of 2024, according to figures by Eurostat, the statistical office of the EU.
The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities.
Saudi Electricity Company said it has signed a landmark financing agreement with the Italian Export Credit Agency (SACE), with a total value of $1 billion, aimed at supporting the development and expansion of power projects across the kingdom.
Kuwait-based Mechanical Engineering & Contracting Company (MECC) has secured a major contract worth KD34.7 million (113 million) from Kuwait Oil Company for one of its key projects - Manfolds and Group Trunk Lines (MGT) in country's northern region.
Arabian Qudra (AQ), a subsidiary of Saudi-based Abunayyan Holding Company, has announced that it has signed an agreement to establish the first floating solar power plant in the Kingdom of Saudi Arabia, in partnership with Saudi Water Authority.
ADNOC Distribution, First Abu Dhabi Bank (FAB), and Mastercard launched the ADNOC Rewards Credit Card in the UAE, offering cardholders 15% back in ADNOC Rewards points on fuel, car care, and convenience store purchases, providing premium benefits across the country’s largest fuel and convenience network.
Dana Gas announced a major gas discovery at the North El-Basant 1 well in Egypt’s onshore Nile Delta. Initial results estimate 15–25 bcf of reserves, with production expected to surpass 8 mmscfd once the well is linked to the national gas network.
