United Solar has welcomed new US measures to strengthen domestic polysilicon production and solar supply chains, including a $21-per-kg minimum import price for polysilicon and a 15 per cent duty on downstream derivatives, effective December 4, 2026.
US marketed natural gas production is forecast to reach a record 122.5 billion cubic feet per day (Bcf/d) in 2026, surpassing the previous high of 118.5 Bcf/d set in 2025, according to the US Energy Information Administration’s (EIA) August Short-Term Energy Outlook.
Renewed Gulf export disruptions have derailed the global oil market recovery, prompting the International Energy Agency (IEA) to cut its 2026 supply and demand forecasts. Global oil demand is now expected to decline by 1.6 million barrels per day as the Strait of Hormuz remains closed.
Egypt’s exploration sector has delivered positive results over the past two fiscal years, with 149 exploration wells drilled and 112 new discoveries made, including 88 crude oil and 24 natural gas finds, the government said. Among the notable discoveries was the Denis offshore gas field in Port Said.
Kuwait Petroleum Corporation (KPC) recorded a net profit of KD 2.155 billion ($6.9 billion) for fiscal year 2025/2026, its highest in three years, Chief Executive Sheikh Nawaf Al-Sabah said.
The Middle East conflict is widening into an increasingly complex security, shipping and environmental crisis, with an oil slick from a grounded tanker reaching Oman's coastline just as Iran signals that it may be prepared to sustain its confrontation with the United States for years.
Dubai Electricity and Water Authority (Dewa) has announced that it has delivered solid results for the first-half netting AED14.8 billion ($3.8 billion) revenue, its highest-ever in a six-month period, and a net profit of AED3.33 billion ($898 million), up 15% over the same period last year.
Silverwell, a provider of innovative gas lift solutions to the energy sector, has secured a multi-well contract from a top Middle East operator for the deployment of its Digital Intelligent Artificial Lift (DIAL) technology. The program spans key offshore assets such as the high-rate extended reach drilling (ERD) wells.
Abu Dhabi-based Global South Utilities (GSU) has inaugurated a 50 MW solar photovoltaic (PV) power plant in Sakaï, the largest infrastructure project in the Central African Republic’s history. The facility increases the country’s electricity generation capacity by more than 60 per cent.
Expro has secured a multi-million-pound contract from a major UK operator to provide subsea safety systems for plug and abandonment (P&A) operations in the UK North Sea.
