Oil, Gas, Petrochemicals & Renewables

Energy, Oil & Gas

John Crane develops breakthrough drivetrain analysis method

Thu, 18 Jun 2026

John Crane has developed a validated drivetrain analysis method improving prediction accuracy for rotating equipment, reducing failure risk, downtime and vibration issues through dynamic modelling, testing and real-world data across oil, gas, LNG and power sectors.

Energy, Oil & Gas

Burckhardt secures compression solutions for industrial LCO₂ carrier

Thu, 18 Jun 2026

Burckhardt Compression has secured a milestone order to supply compression solutions for the world’s first industrial-scale liquefied carbon dioxide (LCO₂) carrier, supporting the Northern Lights CCS project.

Energy, Oil & Gas

Strait of Hormuz tensions expose Southeast Asia’s energy risks: IEA

Thu, 18 Jun 2026

An International Energy Agency (IEA) report warns that disruptions to Strait of Hormuz energy shipments have exposed Southeast Asia’s dependence on imported fuels, highlighting the need for stronger energy security, diversification and efficiency measures as regional energy demand continues to rise.

Energy, Oil & Gas

Eni, Fincantieri team up on underwater monitoring, CCS projects

Thu, 18 Jun 2026

Eni and Fincantieri subsidiary IDS have signed an agreement to commercialise and develop Clean Sea, an underwater robotic monitoring system. IDS gains exclusive global rights to market the technology for offshore inspections and marine CCS projects.

Energy, Oil & Gas

Global hydrogen supply chains tested by Mideast crisis: IEA

Thu, 18 Jun 2026

The Middle East conflict has disrupted hydrogen-based supply chains critical to fertilisers, refining and chemicals, exposing vulnerabilities. While global hydrogen demand exceeded 100 million tonnes in 2025, high costs and infrastructure gaps continue to hinder low-emissions hydrogen growth.

Energy, Oil & Gas

Oil market faces major oversupply risk in 2027 as Gulf supplies return: IEA

Thu, 18 Jun 2026

The global oil market could swing into a substantial surplus next year as production recovers sharply following the US-Iran peace agreement and the gradual reopening of Gulf energy routes, according to the latest outlook from the International Energy Agency (IEA).

Energy, Oil & Gas

Crude down after MoU allows Iran to export oil

Thu, 18 Jun 2026

Oil prices declined further on Thursday, following the release of the text of the interim agreement signed by the US and Iran.

Energy, Oil & Gas

SFME reception highlights climate, ESG action

Wed, 17 Jun 2026

Sustainability Forum Middle East (SFME) hosted an exclusive networking reception in Bahrain, bringing together more than 80 senior business leaders, policymakers, sustainability professionals, advisory committee members, partners and industry experts from Bahrain and across the region.

Energy, Oil & Gas

Oman refining sector shows mixed performance in April 2026

Wed, 17 Jun 2026

Oman’s refining and petrochemical sector showed mixed performance in April 2026, with automotive fuel output down 5.8 per cent and diesel falling 3.3 per cent to 23.7 million barrels. Aviation fuel rose 10.9 per cent, while LPG declined 4.9 per cent and polypropylene dropped 25.7 per cent to 76,300 metric tonnes.

Energy, Oil & Gas

King Salman Energy Park plans new energy industrial complex

Wed, 17 Jun 2026

King Salman Energy Park (SPARK) signed an agreement with Pan Kingdom Real Estate to develop 168 ready-built industrial units across 214,000 square meters, strengthening energy supply chains, local content, and industrial investment efficiency.