Energy Development Oman (Energy Oman) has announced the launch of its second Omani rial sukuk offering, with an initial issue size of OMR50 million ($130 million) and an option to raise an additional OMR25 million through a greenshoe option.
Bahrain has announced November fuel prices, effective November 2, with Jayyid (91) at 235 fils, Mumtaz (95) at 277 fils, Super (98) at 410 fils and diesel at 260 fils per litre. Diesel subsidies for Bahraini fishermen will remain unchanged.
Seven Opec+ countries have agreed to maintain their September 2026 required production levels for December, reaffirming their commitment to supporting stability in global oil markets.
Saudi oil giant Aramco has announced that one of its key units has acquired a 49% stake in Humain, an artificial intelligence company owned by the kingdom’s sovereign wealth fund PIF, in a deal aimed at accelerating the company’s growth and its plan to deploy 3 gigawatts of AI data centre capacity by 2030.
African Export-Import Bank (Afreximbank) has joined forces with the African Petroleum Producers' Organisation (APPO) to formally launch the Africa Energy Bank (AEB) with an authorised capital of $5 billion. It will support projects across the energy value chain, including exploration and production.
Dubai Electricity and Water Authority (Dewa) has signed three agreements with leading global entities - Huawei, Nozomi Networks, Syskey Softlabs - at the recent WETEX 2026 expo. These deals covers the sustainable digital solutions, OT system log management and ICT needs of Dewa.
Eni has commenced operations at Venezuela’s supergiant Junín-5 heavy oil field in the Orinoco Belt, less than two months after signing a new production agreement, marking a major step in the company’s efforts to expand its upstream activities in the country.
Equinor has opened a new marine robotics testing and development facility at its Kårstø processing plant in Tysvær, Norway, aimed at accelerating innovation, improving offshore safety and reducing operational costs across the energy industry.
Saudi Arabia Railways (SAR) avoided more than 364,800 tonnes of carbon dioxide emissions and saved over 139.4 million litres of fuel in 2025, highlighting the growing contribution of rail transport to the Kingdom’s sustainability and emissions-reduction objectives.
Russia is preparing to extend its diesel export restrictions until the end of January 2027, with certain exemptions for supplies to international markets, Deputy Prime Minister Alexander Novak has said.
