Ministry of Petroleum and Mineral Resources said Agiba Petroleum Company made its largest discovery in 15 years in Egypt’s Western Desert, with estimated reserves of 330 billion cubic feet of gas and 70 million barrels of oil equivalent.
The WIKA Group, an expert manufacturer of pressure and temperature measurement and calibration technology, announces the appointment of Harry Ahmet as Vice President, Sub-Region Middle East, North Africa and Turkey (MENAT).
Asyad Shipping, a subsidiary of Asyad Group, has named two new liquefied natural gas (LNG) carriers, Muscat LNG and Musandam LNG, marking a key expansion of Oman’s maritime fleet and strengthening its role in global energy transport.
O-Green Company marked financial close on Oman’s largest industrial solar project, a 93 MW plant in Sohar, supporting over 200 facilities, with 60 per cent completion and commercial operation expected in September 2026.
NMDC Dredging & Marine, a subsidiary of NMDC Group, has inaugurated the NMDC Coastal & Hydrodynamic Center, the region’s first hydraulic physical modelling test facility.
Wood has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to deliver a scope of detailed design for QatarEnergy’s Bul Hanine EPIC2 project, located offshore Qatar.
QatarEnergy has acquired stakes in three offshore Uruguay exploration blocks from Shell’s BG International, including 18 per cent in OFF-4, 30 per cent in OFF-2, and 30 per cent in OFF-7, strengthening its partnership with Shell, Chevron, and APA Corporation across key exploration assets.
bp and partners signed three Indonesian Production Sharing Contracts, increasing bp’s block participation to 11. Two blocks near Tangguh LNG in Papua Barat offer exploration potential, while bp joined INPEX-operated Barong block in East Java.
ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience.
OQ Base Industries and Oman Oil Marketing Company signed an MoU to collaborate on alternative energy, including solar power, EV charging infrastructure, biofuels, and methanol fuel blending, supporting Oman’s energy transition and sustainability goals.
