IMI has announced a major investment in India with the launch of a new manufacturing and engineering facility in Chennai, Tamil Nadu, strengthening its regional operations and production capabilities.
Al Maha Petroleum Products Marketing Company has highlighted its focus on digital readiness, financial discipline, governance and operational excellence at the Future Ready Finance and Tax Transformation Forum Oman.
The UAE Fuel Price Committee has announced reduced fuel prices for July 2026, bringing rates down compared to June in line with shifts in global oil markets.
AD Ports Group and IRH Global Trading have signed an MoU to explore cooperation in bunkering services and alternative marine fuels at Khalifa Port, including Liquefied Natural Gas (LNG), biofuels and methanol development.
EU energy supply shifted toward cleaner sources in 2025, with gas up 2.3 per cent and renewables up 1.4 per cent, while coal and petroleum declined. Renewables remained the largest electricity source at 47.2 per cent, according to Eurostat.
Oman LNG has marked a key milestone with the arrival and loading of the LNG carrier “Muscat LNG”, which has departed on its maiden voyage carrying the first cargo of liquefied natural gas from Oman to international markets.
Dozens of countries agreed at the International Energy Agency (IEA) conference in Montreal to prioritise energy efficiency to cut costs, improve resilience and reduce volatility after Middle East energy disruptions, pledging stronger support for households, SMEs and global cooperation.
Eni and Libyan National Oil Corporation (NOC), via Mellitah Oil & Gas, have launched hydrocarbon production through the Sabratha Compression Project, an offshore development aimed at sustaining and boosting gas output from the Bahr Essalam field, 100 km offshore.
Masdar has broken ground on a 1GW wind farm in Kazakhstan’s Zhambyl region, including a 600MWh battery system. The $1.4 billon project will power 880,000 homes, cut 2.5 million tonnes of CO₂, and add 400km of transmission lines.
Kuwait-based Mechanical Engineering and Contracting Company (MECC) has emerged as the lowest bidder for three major power infrastructure projects being developed by Kuwait Oil Company (KOC) at a total investment of KD132.28 million ($427 million).
