The UAE Ministry of Investment signed an MoU with Jereh Group to develop a energy industrial platform, strengthening UAE-China ties and positioning UAE as a hub for energy technologies including SMRs, anode production, battery recycling.
Qatar may extend force majeure on gas supplies beyond mid-June, Italian importer Edison said, after cancellations linked to the Middle East war, with Edison replacing lost LNG cargoes by increasing purchases from the US.
Marine fuel sales at UAE’s Fujairah port hit a record low in March, as the US-Iran conflict disrupted supply and demand at the key Gulf refuelling hub, with bunker volumes falling to 158,852 cubic metres.
The US nearly became a net crude exporter for the first time since World War Two, as exports surged toward record levels to meet rising demand from Asia and Europe replacing disrupted Middle East supplies.
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported.
Shuaa Capital Saudi Arabia has joined hands with Gate Capital Financial Services, an established financial advisory firm, for launch the first of its kind alternative investment fund dedicated to the consolidation of the fuel retail sector in the Kingdom of Saudi Arabia (KSA).
In 2025, Endress+Hauser generated over €4 billion ($4.7 billion) in sales for the first time. Its successful integration of sensor manufacturer SICK’s gas analysis and gas measurement technology enabled good growth.
Saudi Energy and Kraken signed agreements to form a Riyadh-based joint venture, accelerating digital transformation across energy and utilities in Mena, leveraging Kraken’s AI-powered operating system for utilities.
Oil prices extended their decline on Wednesday, as cautious optimism over a possible resumption of US-Iran talks eased immediate supply fears, even as underlying risks from the ongoing conflict continued to cap losses.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($563 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
