The government of Romania has formally applied to join the International Energy Agency (IEA), marking a major step in strengthening cooperation with the agency and expanding its role in global energy governance.
TotalEnergies says the Middle East conflict has forced production shutdowns or pending closures in Qatar, Iraq and offshore United Arab Emirates fields, affecting around 15 per cent of its total output.
The Middle East conflict is causing an energy-led supply chain shock, with very different effects around the world even as market pricing suggests weeks of disruptions, not days or months, said an expert, stating that this episode adds to inflation risk in a world shaped by supply factors.
India is pressing Iran to allow more Indian-bound vessels through the Strait of Hormuz after Tehran permitted two Indian-flagged liquefied petroleum gas (LPG) carriers to cross the strategic waterway, as New Delhi seeks to ease mounting energy supply risks from the Gulf conflict.
US President Donald Trump said on Friday American forces had destroyed military targets on Iran’s Kharg Island, Tehran’s main oil export terminal, while warning he could also target the island’s petroleum infrastructure if Iran or its allies continue threatening shipping through the Strait of Hormuz, sending fresh tremors through oil markets.
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, on Friday announced that its shareholders have confirmed the composition of its new Board of Directors following the company’s Annual General Assembly.
The Arab Energy Fund, a leading multilateral impact financial institution, achieved its fourth consecutive year of record net income in 2025, supported by sustained balance sheet growth, strong funding activity, disciplined cost management, and continued portfolio optimisation across business lines.
The United States has temporarily eased sanctions on Russian oil by allowing countries to purchase cargoes already stranded at sea, as Washington seeks to contain a fresh surge in crude prices triggered by Middle East supply disruptions and fears over restricted energy flows through the Gulf.
SLB is monitoring the Middle East situation, prioritising employee safety, suspending travel, and demobilising operations. First-quarter revenue is expected lower, with earnings impacted. Despite disruptions, the company remains confident in its global business resilience.
Sidara completed the acquisition of Wood, a leading energy and materials consulting, engineering, and operations firm, marking a transformational milestone that advances Sidara’s strategic goal of expanding and enhancing its global energy services.
