Middle East
News
December 04, 2025
Saudi Aramco has slashed its Arab Light crude price to the lowest level since 2021, signaling mounting global oversupply and softer demand as OPEC+ prepares for a slower start to 2026.
News
December 03, 2025
Aramco has started gas production from the first phase of its Jafurah shale project, delivering 450 MMcfd as the company targets 2 Bcfd and major unconventional growth.
News
December 02, 2025
ABL and Petroleum Marine Services have partnered to launch a unified rig-moving service covering the Red Sea and Gulf of Suez—aimed at cutting downtime, strengthening safety and bringing global-standard execution to one of the region’s busiest offshore basins.
News
December 01, 2025
Iraq is moving to reshape ownership of the giant West Qurna-2 field, launching direct talks with select U.S. oil companies to acquire Lukoil’s sanctioned stake. Baghdad says a U.S. operator would strengthen market stability and deepen energy ties with Washington.
News
November 28, 2025
OPEC+ confirmed it will pause planned output hikes in early 2026, citing weakening demand and a looming global surplus. The alliance also advanced a sensitive review of member production capacities—an issue that could reshape quotas heading into 2027.
News
November 26, 2025
ADNOC Gas has signed a landmark 20-year, up to $4.2 billion natural gas supply agreement with EMSTEEL, securing long-term feedstock for one of the UAE’s largest industrial producers and reinforcing the company’s role in powering the nation’s manufacturing and economic growth.
News
November 24, 2025
Abu Dhabi’s ADNOC will maintain its $150 billion spending plan over the next five years as the company ramps up oil and gas capacity and accelerates global expansion through its fast-growing XRG investment arm.
News
November 20, 2025
HKN Energy and Iraq’s Ministry of Oil have finalized technical terms for the Hamrin oil field, advancing the project toward a full contract and future production growth.
News
November 19, 2025
Pakistan Petroleum Ltd. is constructing an offshore artificial island in the Arabian Sea to support continuous oil and gas exploration. The island—located 30 km off Sindh’s coast—will enable round-the-clock drilling operations as Pakistan accelerates its offshore program following renewed interest in its resource potential.
News
November 18, 2025
ExxonMobil, Chevron, ADNOC and Carlyle are evaluating parts of Lukoil’s international portfolio as U.S. sanctions set to take effect in December accelerate the Russian producer’s efforts to divest global assets, including stakes in Iraq’s West Qurna 2 field and operations in Uzbekistan.
News
November 14, 2025
ADNOC Gas reported the strongest third-quarter results in its history, delivering $1.34 billion in net income—an 8% year-over-year increase—driven by robust domestic gas demand and improved commercial terms. Year-to-date profit reached $3.99 billion, up 10% from 2024, despite lower average oil prices.
News
November 14, 2025
ADNOC has secured conditional EU approval for its $13.9 billion acquisition of Covestro after offering commitments to address subsidy and competition concerns. The deal advances ADNOC's global chemicals and materials strategy while opening Covestro patents to European market participants for the next decade.
News
November 11, 2025
ADNOC Logistics & Services reported record nine-month 2025 results with revenue up 39% and net profit up 9% year-on-year, supported by strong Q3 performance and growth across all business lines. The company raised its full-year dividend 20%, secured major contracts, and advanced digital and fleet expansion initiatives.
News
November 11, 2025
Governments across Europe and the Middle East are scrambling to maintain operations at Lukoil’s global oil assets after the U.S. Treasury sanctioned Russia’s number two oil producer and blocked a proposed sale to Gunvor Group.
News
November 10, 2025
Lukoil has declared force majeure on oil shipments from Iraq’s West Qurna 2 field following new U.S. sanctions, marking the first major disruption to the Russian producer’s international operations.
News
November 06, 2025
TotalEnergies has awarded Vallourec a new contract to supply 30,000 tons of tubular solutions for Iraq’s Gas Growth Integrated Project (AGUP2 phase).
News
November 05, 2025
The UAE, long one of OPEC’s key oil producers, is pivoting to U.S.-tested fracing techniques to tap its “very promising” unconventional gas resources, with the intention of ramping up output amid forecasts for surging demand.
News
November 04, 2025
DeepOcean and Jana Marine have signed a Heads of Terms agreement to form JADE Subsea Services, a Saudi-based joint venture offering integrated subsea construction, IMR, and diving support across the Middle East.
News
November 03, 2025
ExxonMobil CEO Darren Woods said Abu Dhabi’s Upper Zakum offshore field may reach its 1.5 MMbpd expansion target ahead of 2030, boosting UAE output.
Article
October 2025
Reactive Downhole Tools, a specialist in well completion and swellable rubber technologies, established its Middle East presence in 2015. Over the past decade, it has become the company’s largest operation, driven by R&D investment, local expertise and strong regional demand.
News
October 31, 2025
Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of new processing capacity and strengthening power generation across the Kurdistan region.
