Middle East
News
June 24, 2025
Trump administration officials considered a range of options in case of a major oil supply disruption in the Middle East ahead of the U.S. strikes on Iran and President Donald Trump’s ceasefire declaration, according to people familiar with the matter.
News
June 23, 2025
Delivered at its state-of-the-art GTSC training center in Dammam, 3t's enhanced facilities and new programs mark a significant milestone in supporting female workforce participation and advancing Saudi Arabia's Vision 2030.
News
June 23, 2025
OEG has finalized an agreement with Al Nasr Holding Co. in Qatar. The agreement further reinforces the OEG's strategic partnership with Venture Gulf Engineering (VGE), an Al Nasr subsidiary, which supports the oil and gas, petrochemical, and industrial sectors in Qatar.
News
June 20, 2025
Brent crude oil futures remain capped below the $80/bbl mark, as the crisis enters its second week with no clear resolution in sight, Rystad Energy analysts stated. The U.S. has signaled a potential two-week window for possible military action, while still leaving room for diplomacy.
News
June 22, 2025
Oil traders are preparing for an oil-price surge when trading reopens, with the focus on whether Tehran’s retaliation to U.S. airstrikes will lead to a disruption in crude flows that have been largely unaffected so far.
News
June 20, 2025
A week since Israel and Iran started to exchange missile barrages, oil tanker transits through the critical Strait of Hormuz have remained largely steady, according to Bloomberg's vessel tracker.
News
June 20, 2025
Oil slumped after President Donald Trump signaled a decision on whether to strike Iran will be made within two weeks, easing fears about an imminent attack from the U.S.
News
June 18, 2025
Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict. The oil market’s main concerns are flows from Iran and the threat to vessel traffic in the Strait of Hormuz, through which about a quarter of the world’s crude shipments flow.
News
June 16, 2025
ADNOC Drilling has appointed Abdulla Ateya Al Messabi as its new Chief Executive Officer (CEO). Abdulrahman Abdulla Al Seiari, the company’s current CEO, will retire at the end of the year following more than 45 years of dedicated service to ADNOC and ADNOC Drilling.
News
June 16, 2025
Abu Dhabi National Oil Co. has made an $18.7 billion offer for Australian fossil fuel producer Santos Ltd., in one of the most audacious overseas moves yet by the Middle Eastern company as it seeks to expand its production of liquefied natural gas.
News
June 13, 2025
The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a giant gas field in the Persian Gulf. The attack heightens the risk to oil infrastructure in Iran, OPEC’s third-biggest producer, and to shipments from elsewhere in the region.
News
June 13, 2025
Israel ordered the halt of the offshore Leviathan field operated by Chevron due to security concerns, according to the Energy Ministry. The escalating tensions in the Middle East raise the risk of a wider war in a region that’s key to global energy supplies.
News
June 13, 2025
Oil jumped and stocks slid after Israel attacked Iran’s nuclear program facilities and killed senior military commanders in a significant escalation of tensions in the Middle East. Brent crude gained 7.6%, having earlier surged as much as 13% in the biggest intraday jump since March 2022.
News
June 11, 2025
ADNOC is evaluating whether it can buy some of bp Plc’s key assets should the embattled British firm decide to break itself up or come under pressure to divest more units, according to people with knowledge of the matter.
News
June 10, 2025
ADNOC Gas has reached final investment decision (FID) and awarded $5 billion in contracts for the first phase of its Rich Gas Development (RGD) Project, marking a key milestone in the company’s largest-ever capital investment.
News
June 09, 2025
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said.
News
May 30, 2025
Officials say the supply hikes reflect Saudi Arabia’s desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to U.S. shale drillers and other rivals, and satisfy U.S. President Trump’s desire for cheaper oil.
News
May 28, 2025
Several delegates said they expect the Organization of the Petroleum Exporting Countries and its partners to leave unchanged their longer-term targets for 2025 and 2026, which underpin its current supply restraints.
News
May 27, 2025
NesmaKent Energy Company, a joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative.
News
May 26, 2025
Saudi Arabia and Kuwait jointly announced Monday that they have discovered oil in the North Wafra Wara-Burgan field, part of the neutral zone between the two nations. The news was reported by Saudi Press Agency (SPA).
News
May 22, 2025
Ocean services provider DeepOcean has acquired Shelf Subsea, an independent provider of subsea services with a strong position in the eastern hemisphere. The acquisition strengthens an extensive portfolio of solutions, now also covering the Asia-Pacific and Middle East regions.
