Middle East
News
January 29, 2026
Brent crude climbed above $71 a barrel as U.S. President Donald Trump warned Iran to accept a nuclear deal or face possible military action, reigniting fears of supply disruptions through the Strait of Hormuz and adding a fresh geopolitical risk premium to oil markets.
News
January 29, 2026
SLB has won two five-year contracts from Petroleum Development Oman to supply wellheads and artificial lift systems for Block 6, supporting production and in-country value initiatives.
News
January 26, 2026
Dana Gas and Crescent Petroleum have signed long-term gas sales agreements to supply up to 142 MMscf/d from the Chemchemal field in the Kurdistan Region of Iraq, supporting appraisal drilling and early development ahead of first gas targeted for 2027.
News
January 24, 2026
Libya has signed a long-term agreement with TotalEnergies and ConocoPhillips to more than double production capacity at the Waha Oil venture, targeting up to 850,000 bpd as foreign operators re-engage in one of North Africa’s largest upstream redevelopment efforts.
News
January 23, 2026
Abu Dhabi School of Management and Saal.ai have formed a strategic partnership to integrate AI-driven decision intelligence into leadership and executive education programs.
News
January 22, 2026
Saudi officials are signaling a shift toward tighter spending discipline as lower oil prices pressure government revenue, recalibrating priorities under Vision 2030 while maintaining momentum in the non-oil economy.
News
January 22, 2026
McDermott has been awarded a major EPCI contract by ADNOC for the Nasr-115 Expansion Project offshore the UAE, supporting increased Al Nasr field production capacity to 115,000 bpd by 2027.
Article
December 2025
As the global energy landscape evolves, the Middle East remains a focal point of opportunity and complexity. For 2026, the region's upstream sector faces a dual imperative: to sustain production amid maturing reservoirs and to accelerate innovation through automation and artificial intelligence (AI).
News
January 15, 2026
The UAE's ADNOC is evaluating a potential investment in Venezuela’s natural gas sector via its international investment arm XRG, contingent on clear legal and financial frameworks and potential coordination with the U.S. administration.
News
January 13, 2026
Speaking at Abu Dhabi Sustainability Week 2026, UAE Energy Minister Sultan Al Jaber said surging AI and data-center demand will drive long-term growth in power consumption, with oil and gas continuing to supply most global energy needs alongside expanding renewables.
Article
December 2025
In the Middle East, operators are leveraging underbalanced coiled tubing drilling (UBCTD) to reduce formation damage, improve reservoir connectivity, and deliver higher production with lower completion complexity.
News
January 07, 2026
ADNOC has taken final investment decision for the SARB Deep Gas Development in the Ghasha concession, aiming at 200 MMscf/d via Das Island tie-backs and remote platform operations later this decade.
News
January 05, 2026
The Government of Oman has signed a feasibility study agreement to evaluate heavy crude oil development in Block 71 using advanced electric heating technology. The study will assess technical and commercial viability ahead of potential appraisal drilling and a future long-term concession.
News
January 05, 2026
Decom Engineering and Unique Group have signed a memorandum of understanding to jointly deliver integrated subsea decommissioning services across key oil and gas regions, including the Middle East and Asia-Pacific.
News
December 30, 2025
Saipem has secured $600 million in offshore work from Aramco, including pipeline installation and subsea intervention at multiple Saudi fields—further expanding its in-country fabrication footprint and LTA-backed project portfolio.
News
December 23, 2025
Aramco has awarded SLB a five-year contract covering stimulation, well intervention, frac automation and digital solutions to support large-scale unconventional gas development in Saudi Arabia as part of the Kingdom’s long-term energy strategy.
News
December 18, 2025
Abu Dhabi National Oil Co. has secured $11 billion in financing tied to future production from its Hail and Ghasha offshore gas projects, reinforcing the UAE’s push to expand gas output and achieve self-sufficiency by the end of the decade.
News
December 17, 2025
Baker Hughes has secured a multi-year contract with Kuwait Oil Company to deploy advanced ESP artificial lift systems integrated with digital production technologies, strengthening its long-standing role in enhancing output from Kuwait’s oilfields.
News
December 15, 2025
The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that’s weighed on benchmark crude futures.
News
December 11, 2025
Dana Gas has confirmed a significant 15–25 Bcf gas discovery at the North El-Basant 1 exploratory well in Egypt’s onshore Nile Delta. The find supports the company’s $100 million drilling program, with production expected to exceed 8 MMscf/d once tied into the national gas network.
News
December 11, 2025
DNO has restarted drilling in the Kurdistan region after surpassing 500 MMbbl of cumulative production at the Tawke license. Two rigs will drill eight wells through 2026 as the operator targets increasing gross output to 100,000 bopd across the Tawke and Peshkabir fields.
