Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit of AED393 million ($107 million) in H1 2026, compared with AED270 million ($73 million) in H1 2025, an increase of 47%.
Egypt has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new areas to international and Egyptian companies as the government seeks to attract investment, boost domestic production and meet the targets of its five-year output plan.
Spanish group Ampo Poyam Valves said it has been selected to supply 180 highly engineered large-size gate valves for Saudi Aramco’s Riyas NGL Fractionation Trains project. The EPC work is being handled by Técnicas Reunidas, a global engineering and construction company.
Oman’s natural gas production, including both domestic production and imports, increased by 4.6 per cent, reaching 18,772,100,000 cubic meters by the end of April 2026.
European Union’s (EU) petroleum oil imports remained stable in Q1 2026, with values up 0.8% and volumes down 0.6%, while LNG volumes rose 2.9%. The US led oil and LNG supplies, while Norway dominated pipeline gas imports.
TA’ZIZ signed $28.5 billion in long-term offtake, feedstock and sales agreements at Make it in the Emirates, covering methanol, PVC, EDC, VCM and other chemicals. Adnoc Gas will supply natural gas under a 25-year deal worth over $5 billion.
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.
Türkiye raised electricity and natural gas prices, increasing household electricity prices by 25 per cent and household natural gas prices by an average of 25 per cent, citing rising global and domestic energy costs.
Dana Gas announced shareholder approval of a 6.5 fils ($0.018) per share cash dividend for 2025, marking an 18 per cent increase compared to its 2024 dividend following its Annual General Assembly Meeting.
Egypt and Cyprus signed a natural gas cooperation framework, witnessed by Presidents Abdel Fattah El Sisi and Nikos Christodoulides, during the 9th Egypt Energy Show (EGYPES 2026), strengthening bilateral energy collaboration.
