Oman’s Producer Price Index fell 3.3 per cent in Q4 2025 compared with Q4 2024, according to NCSI. The decline was driven by a 5.8 per cent drop in mining and quarrying prices, mainly due to a 6 per cent fall in crude oil and natural gas prices.
Saudi Energy, a leading electricity producer in the kingdom, has invited bids for a key power infrastructure project as part of Expo 2030 Riyadh development. The scope of work includes setting up of three 132/13.8kV substations along with other work linked to its integration with the national electricity grid.
A delegation of Saudi innovators from the Innovative Industrial and Mining Products Programme won five international medals at the 2026 Geneva International Exhibition of Inventions, representing Saudi Arabia’s Ministry of Industry and Mineral Resources.
African mining markets are seeing a surge in greenfield exploration, with South Africa, Ghana, and Namibia expanding efforts to secure mineral reserves and meet the rapidly growing global demand for critical minerals by 2040.
Authorities in Fujairah have confirmed that a major fire broke out in the Fujairah Oil Industries Zone following a drone attack, with no injuries reported.
Oman’s Ministry of Energy and Minerals launched the second edition of the Majd Award for Local Content under the Majd programme, encouraging companies to strengthen local content and enhance competitiveness in energy and minerals sectors.
King Abdullah City for Atomic and Renewable Energy (K.A.CARE) won three gold medals, one silver medal, and a special award at the 51st International Exhibition of Inventions in Geneva, as part of the energy sector delegation participating in the event.
Oil prices rose on Monday as investors weighed renewed geopolitical risk despite US President Donald Trump urging other countries to join efforts to secure the Strait of Hormuz, while Iran said the strategic waterway remained open only to countries that are not directly involved in attacks against it.
The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets, (with 32.7% of global oil reserves and 21.2% gas reserves) supported by a broad base of natural resources, advanced infrastructure and accumulated expertise, said a report.
SLB’s OneSubsea joint venture agreed to acquire Envirex Group’s subsea business. The deal aims to speed up deployment of new subsea technologies and expand innovative services for global customers.
