The next edition of Libya Energy & Economic Summit (LEES) will expand Libya’s investment pipeline across hydrocarbons, renewables and infrastructure while deepening international participation following record deal activity in 2026.
XRG, the international investment arm of Abu Dhabi National Oil Company (Adnoc), has completed the acquisition of an additional equity interest in Trains 4 and 5 of Rio Grande LNG at the Port of Brownsville, Texas, US, thus marking a significant step in the execution of its global gas strategy.
Acwa has signed a Public-Private Partnership (PPP) and Power Purchase Agreement (PPA) for the development, financing, construction and operation of the N’diago 230 MW Combined Cycle Gas Turbine (CCGT) power plant in Mauritania.
The Sharjah Electricity, Water and Gas Authority (Sewa) said it has completed a project to connect natural gas services to Dibba Al Hisn in the northern emirate. The work involved construction of a gas pumping station, a 46-km pipeline network as well as providing internal connections to 200 residences.
Russia’s natural gas exports to the European Union (EU) rose by around 18 per cent in the first half of the year, according to the Russian Energy Ministry.
Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns.
OQ Exploration and Production (OQEP) Company has signed a memorandum of understanding with Libya’s Investment Authority to strengthen energy cooperation. The agreement aims to explore joint oil and gas investment opportunities in Oman, Libya and international markets.
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.
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.
