Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, on Friday announced that its shareholders have confirmed the composition of its new Board of Directors following the company’s Annual General Assembly.
The Arab Energy Fund, a leading multilateral impact financial institution, achieved its fourth consecutive year of record net income in 2025, supported by sustained balance sheet growth, strong funding activity, disciplined cost management, and continued portfolio optimisation across business lines.
The United States has temporarily eased sanctions on Russian oil by allowing countries to purchase cargoes already stranded at sea, as Washington seeks to contain a fresh surge in crude prices triggered by Middle East supply disruptions and fears over restricted energy flows through the Gulf.
SLB is monitoring the Middle East situation, prioritising employee safety, suspending travel, and demobilising operations. First-quarter revenue is expected lower, with earnings impacted. Despite disruptions, the company remains confident in its global business resilience.
Sidara completed the acquisition of Wood, a leading energy and materials consulting, engineering, and operations firm, marking a transformational milestone that advances Sidara’s strategic goal of expanding and enhancing its global energy services.
TotalEnergies has restarted production at Libya’s Mabruk oil field, holding a 37.5 per cent stake. The new 25,000 barrels/day facility, launched in May 2024, began operations on February 28, 2026, ending a halt since 2015.
KEC International, a global infrastructure engineering, procurement and construction (EPC) major and a unit of key Indian conglomerate RG Group, has announced that it has secured the largest composite order from Saudi Arabia for setting up 380 kV transmission lines, substations and EHV Cabling in the kingdom.
Dana Gas has recommended a 5.5 fils ($1.5) per share dividend for 2025, totalling AED 385m ($105 million), supported by strong cash reserves and improved cash flow after completing the KM250 gas expansion project in Iraq’s Kurdistan Region.
Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of prolonged disruptions at the Strait of Hormuz.
Bahrain's Ministry of Interior has said that the Iranian aggression targeted fuel tanks at a facility in the Muharraq Governorate. Authorities concerned are taking the required steps, it said.
