Energy

Energy, Oil & Gas

ADNOC to increase crude storage in India to 30m barrels

Sat, 16 May 2026

The UAE's energy major ADNOC has announced two strategic collaboration agreements with Indian partners, reinforcing the strong and expanding UAE‑India energy partnership.

Finance & Capital Market Industry, Logistics & Shipping

UAE, India sign strategic energy, defence, investment deals

Fri, 15 May 2026

India and the UAE have signed seven agreements spanning energy, defence, infrastructure and shipping during Prime Minister Narendra Modi’s brief visit to UAE, the first stop of his five‑nation tour. Giving fresh impetus to the Comprehensive Strategic Partnership, the UAE has announced $5 billion investments in India.

Energy, Oil & Gas

Ludoil Capital to acquire ISAB refinery in major energy deal

Thu, 14 May 2026

Ludoil Capital, a wholly-owned subsidiary of Ludoil Energy, has signed a Sale and Purchase Agreement with GOI Energy to acquire its equity stake in ISAB, owner of the Priolo Gargallo refinery and related industrial, logistics and energy infrastructure in Sicily.

Energy, Oil & Gas

Africa’s energy future requires gradual transition, investment, says expert

Wed, 13 May 2026

Africa’s energy transition must be guided by realism, technological innovation, and sustained investment rather than abrupt shifts away from fossil fuels, according to energy expert Profv Bart Nnaji Chief Executive Officer, Geometric Power and former Nigerian Minister of Power.

Energy, Oil & Gas

US breaks energy production record in 2025 with 3.4pc increase: EIA

Wed, 13 May 2026

Total energy production in the US increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4 per cent increase from the previous record set in 2024, according to new data in the US Energy Information Administration (EIA) Monthly Energy Review.

Energy, Oil & Gas

Africa faces energy planning shift amid rapid AI expansion

Mon, 11 May 2026

AI is rapidly increasing global electricity demand, with data centres scaling to gigawatt levels. Africa faces a mismatch between rising AI-driven needs and incremental energy planning, requiring more reliable, large-scale, integrated power infrastructure development.

Energy, Oil & Gas

Aramco Q1 net income rises to $33.6bn despite disruptions

Sun, 10 May 2026

Oil giant Saudi Aramco reported a sharp rise in first-quarter profit on Sunday, citing strong operational resilience and the ability to maintain exports despite disruptions to shipping through the Strait of Hormuz.

Energy, Oil & Gas

Major energy, sustainability events return to Muscat from May 18

Sun, 10 May 2026

Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20, 2026 at the Oman Convention and Exhibition Centre in Muscat, under the patronage of the Ministry of Energy and Minerals.

Energy, Oil & Gas

UAE's greater production flexibility 'benefits ADNOC’s listed companies'

Fri, 01 May 2026

For ADNOC’s portfolio of listed companies, the UAE’s decision to conclude its membership of OPEC and OPEC+ removes a constraint that has historically limited how investment in capacity translates into activity and earnings, said a WAM news agency report.

Energy, Oil & Gas

Higher energy prices offset output disruptions, says OMV

Thu, 09 Apr 2026

Austrian oil and gas group OMV said it expected higher energy prices to more than ‌offset disruptions to production and sales volumes caused by the war in the Middle East, a Reuters report said.