More than 1,500 global energy companies have confirmed participation in the 50th edition of Middle East Energy in Dubai this September.
Iran appears to be losing significant control over the Strait of Hormuz as commercial vessels increasingly use an Omani shipping route despite Tehran’s warnings, while US President Donald Trump has ruled out any current or planned negotiations with Iran, adding to uncertainty over the strategic waterway and pushing oil prices higher.
SABIC Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) has announced that it has signed an agreement to explore potential collaboration opportunities with Maaden Integrated Fertilizer Company (MIFC), a key unit of Saudi mining giant Maaden.
Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
Gain.Energy, a US-based energy tech company has announced the launch of Upstrima, a specialised AI platform built for the oil and gas sector. It brings together AI agents, intelligent data processing and engineering expertise to automate complex technical tasks while augmenting the capabilities of experts.
Aramco, one of the world’s leading integrated energy and chemicals companies, and Maaden, one of the world’s fastest‑growing mining companies, on Tuesday announced the signing of a shareholders’ agreement to form a joint venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in Saudi Arabia.
ExxonMobil Moçambique, Limitada, on behalf of the Area 4 co-venturers, has awarded approximately $1.1 billion in pre-investment contracts for critical long-lead upstream equipment supporting the Rovuma LNG Phase 1 development in Cabo Delgado.
Canada has unveiled a nearly $70 billion clean energy investment centred on hydropower expansion in Newfoundland and Labrador and Québec, in a move that could strengthen the country's position as a major supplier of clean electricity and critical minerals to international markets.
Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, a Reuters News report said quoting two sources with knowledge of the matter.
Oil prices rose for a third consecutive session on Tuesday as hopes for a deal to end the Middle East conflict faded, raising concerns that disruptions to energy supplies could persist, particularly with no clear timeline for the reopening of the Strait of Hormuz.
