Saudi Arabia has restored oil flows through its strategic East-West Pipeline to 5.8 million barrels per day (bpd), strengthening the Kingdom’s ability to move crude to global markets.
Oman’s oil production rose 11.9 per cent year-on-year to 270 million barrels by the end of August 2026, up from 241.4 million barrels during the same period last year, according to data from the National Centre for Statistics and Information.
Zamil Offshore has partnered with Dutch naval architecture firm Conoship International to develop a specialised Dive Support Vessel (DSV) designed to operate in the shallow waters of the Gulf region.
European Commission President Ursula von der Leyen has announced plans to strengthen joint energy purchasing across the European Union as rising gas and diesel prices increase pressure on member states and consumers.
KBR has secured a project from Aramco to support the upgrade of facilities across the Marjan offshore field in the Arabian Gulf. Under the contract, KBR will provide engineering and project execution services for key offshore processing, gas compression and power infrastructure.
Tecnimont, a leading global contractor for highly complex plants based in Italy, and Consolidated Contractors Company (CCC), a major construction company in the Middle East, have signed a major construction contract with Saudi oil giant Aramco for its Safaniyah Water Injection Project.
Southeast Asia faces growing energy security risks as rising demand, increased fuel imports and increasingly interconnected energy systems leave the region more exposed to supply disruptions and price volatility, according to a new review by the International Energy Agency (IEA).
Baker Hughes has signed two strategic agreements to support Venezuela’s energy infrastructure and production growth. The deals include an alliance with PDVSA, Lindsayca and Fulcrum LNG to develop natural gas infrastructure, alongside a memorandum with New Stratus Energy targeting future oil and gas prospects.
Bahrain’s Minister of Oil and Environment and Special Envoy for Climate Affairs, Dr. Mohammed Bin Dinah, stressed the importance of closer GCC coordination on oil and energy policies to safeguard global energy security and market stability amid rapid economic, technological and geopolitical changes.
Oil prices edged lower in early Asian trading on Tuesday (October 6), with Brent crude futures slipping 4 cents to $100.28 a barrel, while US West Texas Intermediate crude futures fell 11 cents, or 0.1%, to $89.33 a barrel.
