Oil prices rose nearly 1% in early trade on Wednesday, extending the previous session's surge, as concerns over supply disruption.
Nigeria is in talks with the UAE on proposals to increase its electricity generation capacity by 5,000MW with solar power among the key areas of co-operation, said a report. The two countries also explored co-operation in solar energy, financing and technical expertise.
UAE-based Ultimate Power Solution Group has unveiled a new generation of electric power generators incorporating artificial intelligence and robotics technologies at Middle East Energy 2026 in Dubai, aiming to transform conventional generators into smarter systems for operation, monitoring and control.
Middle East Energy 2026 opened on Tuesday (September 1) at Dubai World Trade Centre, marking the 50th edition of the region’s leading energy event and bringing together global industry leaders to address energy security, resilience, rising demand and the transition to cleaner power.
Bahrain Minister of Oil and Environment and Special Envoy for Climate Affairs Dr Mohammed Bin Daina received Japan’s State Minister of Economy, Trade and Industry Kenji Yamada to discuss strengthening bilateral cooperation in energy and exploring investment opportunities in the sector.
Sohar International and National Bank of Oman (NBO) have agreed a $720 million syndicated refinancing facility for Phoenix Power Company SAOG (PPC), following the 15-year extension of its Power Purchase Agreement (PPA) with Oman Power and Water Procurement Company (OPWP).
Oman’s total oil production rose 11.3 per cent by the end of July 2026 to 233.8 million barrels, up from 210.1 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI).
The UAE has raised its target for clean energy, including nuclear and renewable power, to 35 per cent of its energy mix by 2030-31, Minister of Energy and Infrastructure Suhail Al Mazrouei said.
Oman’s natural gas production, including local output and imports, increased 6.4 per cent by the end of July 2026, reaching 34.98 billion cubic metres, compared with 32.88 billion cubic metres during the same period in 2025, according to data from the National Centre for Statistics and Information (NCSI).
Egyptian Prime Minister Dr Mostafa Madbouly and Mohammed Al Dhanhani, Director of the Fujairah Emiri Diwan, discussed steps to complete the implementation of the Fujairah Alamein Oil and Gas project, following the establishment of the joint company.
