Vaalco Drills Four Eastern Desert wells in Q4 2025
Vaalco Energy, a US-based energy company, completed drilling four development wells in the Eastern Desert during the fourth quarter (Q4)…
Middle East
TotalEnergies output down 15% due to US-Iran war; confirms UAE outages
TotalEnergies, opens new tab has lost 15% of its oil and gas output as the U.S.-Israeli war with Iran shuts…
Middle East
Oil Market Report – March 2026
About this report The IEA Oil Market Report (OMR) is one of the world’s most authoritative and timely sources of…
Middle East
Middle East conflict puts up to 2 million bpd of Gulf refining capacity under threat – Rystad Energy’s Oil Market Update
As the Strait of Hormuz remains closed in the wake of the US-Iran military escalation, Gulf countries’ oil inventory levels…
Middle East
ExxonMobil Scales Back Middle East Operations, Evacuates Staff
Exxon Mobil has evacuated non-essential employees from its operations in the Middle East, CEO Darren Woods said in an interview…
Middle East
Slow Depletion of Big Reserves Exposes Kuwait to Oil Demand Risks
Kuwait risks becoming the custodian of a vast, stranded asset if it cannot align its production pace with the closing…
Middle East
Saudi Aramco reveals 2025 profit drop of $12bn
Saudi Aramco announced a fall in net profit for 2025 due to a drop in prices for crude oil and…
Middle East
Chevron Corporation to Suspend Production at Leviathan Gas Field Offshore Israel
Chevron Corporation manufactures and sells a range of high-quality refined products, including gasoline, diesel, marine and aviation fuels, premium base…
Middle East
Which oil and gas facilities in the Gulf have been attacked?
Damage to several energy facilities has caused global prices to spike, but Iran denies it is targeting energy sites. Global…
Middle East
QatarEnergy Declares Force Majeure After Halting LNG Production
QatarEnergy has declared force majeure on liquefied natural gas (LNG) supplies after suspending production at key export facilities, sending fresh…
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