Eni discovered two new gas structures, Bahr Essalam South 2 and 3, off Libya’s coast. Drilled near the Bahr Essalam field, they are estimated to hold over 1 trillion cubic feet (Tcf) of gas in place.
bp confirmed gas production start-up from Angola’s Quiluma field, part of the New Gas Consortium (NGC), operated by Azule Energy. This marks continued successful project launches and exploration achievements for the bp‑Eni joint venture.
Europe is experiencing renewed pressure on gas supplies due to disruptions in the Strait of Hormuz and the EU’s ongoing efforts to reduce dependence on Russian gas, exposing vulnerabilities in global LNG markets and driving up spot prices.
Abu Dhabi authorities and relevant response teams have contained and brought under control a fire that broke out at Shah gas field, caused by a drone attack.
Oil prices rebounded on Tuesday, recovering part of the previous session’s losses as renewed supply concerns around the Strait of Hormuz lifted sentiment in global energy markets.
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.
