The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said.
JNK India, a specialist in process-fired heaters, reformers and related thermal engineering solutions for the energy sector, has secured a key order from UAE-based CC7 Emirates Engineering Solutions for the TA'ZIZ Salt Project being developed for the Abu Dhabi National Oil Company.
Technip Energies, Airbus, Safran and Tereos have entered into an agreement to create Rebound, a joint venture to develop a large-scale Sustainable Aviation Fuel (SAF) production project at the Port of Dunkirk, in Northern France.
Egypt has secured a $420 million foreign investment commitment for a 580-megawatt wind power project on the Red Sea coast, marking another significant step in the country's drive to expand renewable energy capacity and attract private-sector capital into the energy sector.
Heirs Energies Limited, Africa's leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark $750 million dual-tranche senior secured reserve-based lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026.
Construction works on the Algerian segment of the Trans-Saharan Gas Pipeline Project (TGSP) was launched recently.
GAS Arabian Services Co has signed a long-term agreement (LTA) with Saudi Aramco for the provision of various services, the company said in a filing at the Saudi Exchange.
Middle East Energy returns to the Dubai World Trade Centre from September 1 to 3, marking its historic 50th year since it staged its inaugural event in 1976.
The International Air Transport Association (IATA) released estimates showing that global Sustainable Aviation Fuel (SAF) production is expected to reach around 2.4 million tonnes in 2026, representing just 0.8 per cent of aviation fuel use, at a cost to airlines of $4.3 billion.
Seven Opec+ producers, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, met on June 7, 2026, and agreed to implement a 188,000-barrel-per-day production adjustment in July, aiming to support oil market stability amid evolving global conditions.
