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…
Middle East
Contracts
Technip-led JV wins EPCC contract for North Field West LNG project
The project will create two mega-trains, each designed to produce 8mtpa of LNG. A Technip Energies-led joint venture (JV) has…
Middle East
Contracts
Saipem lands $500m offshore deal from Aramco
Italian energy services contractor Saipem has been awarded an additional offshore contract in Saudi Arabia under its existing long-term agreement…
Middle East
Digitalisation
Saipem deploys predictive analytics system on ultra-deepwater drillship
Saipem has introduced an advanced predictive maintenance system on its ultra-deepwater drillship Saipem 12000, aiming to boost operational efficiency and…
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