Khalda Petroleum has begun production from the newly discovered Wanda deep gas well in Egypt’s Western Desert, with an initial output of 40 million cubic feet per day (mmcf/d), Egypt’s Ministry of Petroleum and Mineral Resources announced.
US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter.
Decom Engineering has secured contracts worth £4.5 million ($6 million) in the first half of 2026, exceeding its original full-year target and putting the Aberdeen-based engineering specialist on track to achieve a record £6 million in annual revenue.
Ebara Elliott Energy (EEE) has become the first company in the world to receive Type Approval certification for liquid hydrogen (LH2) cargo pumps used in maritime liquefied hydrogen carriers, marking a significant advance in hydrogen shipping infrastructure.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has signed up Al Ajimi Contracting to build a substation as well as associated electrical infrastructure at its premium mixed-use development - Al Khobar Downtown - coming up in the kingdom’s Eastern Province.
Maire’s Tecnimont has won a contract to develop Argentina’s largest urea facility at Bahía Blanca, featuring ammonia and ultra-low energy urea plants with 2.1 million tonnes annual capacity and advanced technology from Nextchem.
Wood has secured a new contract from Binh Son Refining (BSR) to provide Project Management Consultancy (PMC) services for the $1.5 billion upgrade and expansion of Vietnam’s Dung Quat Refinery.
The International Energy Agency (IEA) has warned that escalating conflict in the Middle East is increasing risks to global energy security, with threats to the Strait of Hormuz and Bab el-Mandeb Strait fuelling uncertainty over global oil and natural gas supplies.
Iraqi Oil Minister Bassem Mohammed Khudair said the value of the energy-sector contracts and agreements signed in Washington during during Prime Minister Ali Al-Zaidi's visit to the United States amounted to around $200 billion.
Oil prices climbed for a second straight session on Wednesday, with Brent crude rising above $92 a barrel, as investors weighed the risk of widening supply disruptions from the escalating Middle East conflict.
