A series of recent developments is strengthening investor confidence in Suriname’s offshore oil sector, with major project awards, new discoveries and geological research pointing to further growth in the Guyana-Suriname Basin.
The rapid growth of solar PV is set to generate more than 25 million tonnes of end-of-life panels globally by 2050, highlighting the need for stronger recycling and circular economy practices, according to the International Renewable Energy Agency (Irena).
Voyager Interests and The Arab Energy Fund (TAEF) said a consortium including TAEF and Zamil Group Investment Company will make a strategic minority investment in CRTS Global, supporting the pipeline coating firm’s regional and international expansion.
United Solar has welcomed new US measures to strengthen domestic polysilicon production and solar supply chains, including a $21-per-kg minimum import price for polysilicon and a 15 per cent duty on downstream derivatives, effective December 4, 2026.
US marketed natural gas production is forecast to reach a record 122.5 billion cubic feet per day (Bcf/d) in 2026, surpassing the previous high of 118.5 Bcf/d set in 2025, according to the US Energy Information Administration’s (EIA) August Short-Term Energy Outlook.
Renewed Gulf export disruptions have derailed the global oil market recovery, prompting the International Energy Agency (IEA) to cut its 2026 supply and demand forecasts. Global oil demand is now expected to decline by 1.6 million barrels per day as the Strait of Hormuz remains closed.
Egypt’s exploration sector has delivered positive results over the past two fiscal years, with 149 exploration wells drilled and 112 new discoveries made, including 88 crude oil and 24 natural gas finds, the government said. Among the notable discoveries was the Denis offshore gas field in Port Said.
Kuwait Petroleum Corporation (KPC) recorded a net profit of KD 2.155 billion ($6.9 billion) for fiscal year 2025/2026, its highest in three years, Chief Executive Sheikh Nawaf Al-Sabah said.
The Middle East conflict is widening into an increasingly complex security, shipping and environmental crisis, with an oil slick from a grounded tanker reaching Oman's coastline just as Iran signals that it may be prepared to sustain its confrontation with the United States for years.
Dubai Electricity and Water Authority (Dewa) has announced that it has delivered solid results for the first-half netting AED14.8 billion ($3.8 billion) revenue, its highest ever in a six-month period, and a net profit of AED3.33 billion ($898 million), up 15% over the same period last year.
