The GCC sovereigns’ stable credit quality is backed by strong, hydrocarbon-driven economic recovery in 2027. However, that prolonged geopolitical uncertainty could strain public finances and expose variances in sovereigns' fiscal ability to absorb lengthy disruptions, said S&P Global Rating.
Qatar’s Ministry of Commerce and Industry (MoCI) and QatarEnergy have signed Terms of Reference to establish a joint framework for allocating hydrocarbon-derived resources to industrial projects and supporting a new medium industries area in Mesaieed Industrial City.
In a world increasingly shaped by supply constraints, the GCC is shifting from a beneficiary of scarcity to a provider of the energy, capital, and infrastructure that underpin global growth, says a new BlackRock report.
Petroleum Development Oman (PDO) has signed a strategic contract with Abraj Energy Services for the provision of hydraulic fracturing services, reinforcing its commitment to maximising hydrocarbon recovery, enhancing operational performance and strengthening local content.
Eni and its partners Petroci and Vitol have approved the final investment decision (FID) for the Baleine Phase 3 project in Abidjan, Côte d’Ivoire, marking a milestone in the development of the largest hydrocarbon discovery ever made in the country.
QatarEnergy, as a shareholder in TotalEnergies E&P Congo (TEPC), announced a hydrocarbon discovery in the MHNM-6 NFW well of the Moho G structure in Congo, part of the country’s Moho offshore exploration and production license.
TotalEnergies EP Congo (63.5 per cent, operator) announces a hydrocarbon discovery on the Moho license, offshore of Congo, following the drilling of the MHNM-6 NFW exploration well targeting the Moho G structure.
The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
GCC nations are charting a bold energy path, expanding oil and gas while ramping up decarbonisation. DNV’s report highlights hydrogen, ammonia, and carbon capture as game-changers, projecting Mena could export half of its hydrogen and ammonia output by 2060, reshaping the global energy market.
The Government of Grenada has formally proposed the establishment of a trilateral oil and gas coordination commission involving Venezuela and Saint Vincent and the Grenadines, as part of efforts to delimit maritime boundaries and develop its nascent offshore hydrocarbon industry.
