Middle East
News
May 21, 2026
Oceaneering has secured an integrated offshore installation contract for the West Delta Deep Marine gas field development offshore Egypt, including subsea umbilical refurbishment, TCP flowline installation and ROV services.
News
May 21, 2026
ADNOC has deployed an autonomous heavy-duty inspection robot at its Taweelah Gas Compression Plant in the UAE as part of a broader effort to expand AI, robotics and automated safety systems across operations.
News
May 20, 2026
ADNOC and SNF are evaluating expanded enhanced oil recovery activity in the UAE, including potential polymer flooding projects and localized manufacturing of EOR chemicals.
News
May 20, 2026
Iran warned it could retaliate beyond the Middle East if the U.S. or Israel launches new attacks, underscoring continued geopolitical tensions surrounding Tehran’s nuclear program and the ongoing disruption of shipping through the Strait of Hormuz.
News
May 19, 2026
The U.S. Treasury has sanctioned 19 vessels tied to Iranian crude, LPG and petrochemical exports in a major escalation of Washington’s crackdown on Tehran’s shadow fleet and oil revenue networks amid ongoing Hormuz disruptions.
News
May 19, 2026
NATO members are discussing a possible mission to help protect commercial shipping through the Strait of Hormuz if the waterway remains blocked, as ongoing disruption continues pressuring global oil and LNG markets.
News
May 18, 2026
President Donald Trump said he postponed a planned military strike on Iran after appeals from Gulf allies seeking more time for negotiations, easing immediate fears of further disruption to global oil markets.
News
May 18, 2026
McDermott reported first-quarter 2026 revenue of $2.4 billion and a backlog of $17.6 billion as the offshore engineering contractor cited strong project execution and continued operations amid Middle East market uncertainty.
News
May 18, 2026
Satellite imagery shows tanker congestion around Iran’s Kharg Island oil export hub has climbed to its highest level since the U.S. naval blockade began, highlighting growing disruption across Iran’s crude and LPG export system.
News
May 15, 2026
ADNOC has signed new strategic agreements with Indian energy partners covering crude oil storage, LNG and LPG cooperation as the UAE and India deepen long-term energy supply and infrastructure ties.
News
May 17, 2026
The U.S. and Iran remained far apart Sunday on negotiations aimed at ending the conflict and reopening the Strait of Hormuz, while a drone strike near a UAE nuclear facility underscored ongoing security risks across the Gulf region.
News
May 14, 2026
ICIS analyst Kojo Orgle warns that physical oil market tightness could persist for months even after a diplomatic resolution to the Iran war, as aggressive inventory drawdowns and ongoing Strait of Hormuz disruptions continue pressuring global supply chains.
News
May 13, 2026
Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S. energy security and weaken the dollar’s dominance in global oil markets.
News
May 13, 2026
TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential.
News
May 12, 2026
Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets.
News
May 12, 2026
The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets.
News
May 12, 2026
An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran.
News
May 11, 2026
IEA Executive Director Fatih Birol warned that the Iran war and prolonged Strait of Hormuz closure may permanently undermine confidence in one of the world’s most critical oil and LNG shipping routes, with major implications for global energy markets, inflation and economic growth.
News
May 09, 2026
Saudi Aramco reported stronger first-quarter earnings as the company relied on its East-West Pipeline and export infrastructure to help offset disruptions tied to the Strait of Hormuz crisis.
News
May 09, 2026
Iran has submitted a response to the latest U.S. proposal aimed at ending the 10-week conflict that has disrupted global energy markets and sharply curtailed shipping through the Strait of Hormuz.
News
May 08, 2026
INA and MOL Group held talks with the Syrian Petroleum Company on restarting oil and gas operations in Syria, including assessments of infrastructure, field conditions and regulatory requirements.
