On the first anniversary of Bapco Modernisation Project, Shaikh Nasser bin Hamad Al Khalifa, Chairman of the Board of Directors of Bapco Energies, inspected the refinery, noting production had risen from 265,000 to 380,000 barrels per day, with a planned increase to 405,000 barrels per day, boosting oil exports by 40 per cent. He also inaugurated Bapco manufacturing facilities.
Shell Brasil has increased its stakes in Brazil’s pre-salt Atapu and Mero offshore projects in the Santos Basin, acquiring additional equity through a Pré-Sal Petróleo auction, raising its interests to 16.917 per cent in Atapu and 20 per cent in Mero.
Qatar's Energy Minister Saad Al-Kaabi said he was hopeful the European Union (EU) would resolve companies' concerns over its sustainability laws by the end of December. Qatar has aired its frustration with the EU's Corporate Sustainability Due Diligence Directive (CSDDD) and has threatened to halt gas supplies. The dispute centres around CSDDD's potential to fine violators up to 5 per cent of total global revenue.
Sustainability Forum Middle East (SFME) announced BBK as a Lead Partner for its upcoming fourth edition, taking place on January 27–28, 2026, at the Four Seasons Hotel in Bahrain, in the presence of Dr. Mohamed bin Mubarak Bin Daina, Minister of Oil and Environment, Special Envoy for Climate Affairs, and with the support of the Supreme Council for Environment.
Oman’s hydrogen company HydroNova, an SME registered with the SMEs Development Authority “Riyada” and operating in the field of clean energy, has used green hydrogen in diesel-powered equipment, including heavy machinery such as trucks and forklifts, as well as electric generators.
World Nuclear Association and World Institute for Nuclear Security (WINS) have signed a Memorandum of Understanding (MoU) for co-operation in areas related to nuclear security issues in relation to the use of nuclear energy, applications, and technology.
The Integrated Gas Company (IGC), the national gas aggregator of Oman, has approved the transfer of the BP Block 61 Ghazeer Gas Export Pipeline (Phase 2) to OQ Gas Networks, following a comprehensive technical and commercial review of its proposal.
Saudi Electricity Company (SEC) has announced that it has signed a tri-party agreement with French bank Bpifrance and GE Vernova, a purpose-built energy technology company, to facilitate financing for energy sector projects worth up to $3 billion.
Murban crude has evolved into a major global benchmark, according to Oilprice.com. Its pricing relationship with West Texas Intermediate Crude Oil (WTI) is narrowing, as Murban demand increases amid Middle Eastern supply shifts.
Strong investment in energy infrastructure lifted global energy jobs by 2.2 per cent last year, the IEA reports. Employment reached 76 million in 2024, with the power sector driving most growth. The sector created 2.4 per cent of net global jobs despite skilled-labour bottlenecks in key areas worldwide today.
