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Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

China discovers world’s largest metamorphic rock oilfield in Bohai Sea

BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock...

Dubai Supreme Council reviews progress in clean energy projects

DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 76th...
  • The meeting discussed the progress of the Hatta hydroelectric power plant, which DEWA is building and is 70 percent complete.
  • The meeting also discussed the operation of the region’s first green hydrogen production facility to support diversifying energy sources.

Global oil industry needs $12trn investments by 2045

Oil alone will make up almost 29 percent of the world’s energy needs by 2045, requiring an investment of over...
  • OPEC member countries are ready to play a key role in providing energy to the world and in reducing emissions, Al Ghais said
  • The oil industry, he said, needs a long-term, investment-friendly climate that works for producers and consumers

US to bolster presence in Gulf after Iran threat, says White House

The United States said it was sending reinforcements to the Gulf after what it called increasing harassment by Iran of...
  • US National Security Council spokesman John Kirby said Iran has "harassed, attacked or interfered" with 15 internationally flagged merchant vessels over the past 15 years.
  • "The United States will not allow foreign or regional powers to jeopardize freedom of navigation through the Middle East waterways including the Strait of Hormuz, he said.

Masdar, IRENA ink pact on tripling global renewable energy capacity by 2030

ABU DHABI, UAE - Masdar has signed an agreement with the International Renewable Energy Agency (IRENA) to cooperate on a...
  • The main objective of the project is to establish a global baseline for renewable energy.
  • The project will also highlight the challenges faced by different regions in meeting their renewable energy ambitions.

ADNOC inks pact with SeaOwl to design unmanned vessels

ABU DHABI, UAE - ADNOC Logistics & Services (ADNOC L&S) announced on Thursday it has signed an agreement with SeaOwl...
  • The innovative design of the vessel is likely to reduce carbon emissions up to 30 percent as the vessel will be lighter and smaller.
  • The design for the 55 meters long vessel will allow the vessels to be operated from an onshore control room through a satellite link.

Aramco’s plans to produce blue hydrogen ‘remain unchanged’

Dhahran, Saudi Arabia -- The Saudi Arabian Oil Company (Saudi Aramco) denied reports that its plans for blue hydrogen were...
  • The energy giant denied reports that it has temporarily suspended plans to produce blue hydrogen.
  • It targets to produce up to 11 million tons of blue ammonia, a carrier of blue hydrogen, by 2030.

ADNOC, Baker Hughes partner to boost green hydrogen development

Abu Dhabi, UAE - ADNOC and Baker Hughes announced Wednesday a deal to accelerate the development and commercialization of technology...
  • ADNOC will leverage Baker Hughes’ extensive hydrogen expertize and broad portfolio to test and develop solutions to produce low-cost green hydrogen.
  • Baker Hughes has been a longstanding strategic partner to ADNOC, deploying advanced technologies and solutions across the energy value chain.

Jordan, Iraq renew crude supply deal

Baghdad, Iraq - Jordan and Iraq have signed a deal to resume the export of Iraqi crude to Jordan under...
  • The agreement was signed by the Energy and Mineral Resources Minister of Jordan, Saleh Al Kharabsheh, and the Oil Minister of Iraq, Hayan Abdul Ghani
  • As per the deal, Jordan will begin importing 10,000 barrels of crude per day for a year, starting from June. and this will cover around 7% of Jordan's daily oil needs

Iran seeks trade boost with Syria during Raisi’s visit to Damascus

Iran's president hailed his visit to Damascus as a "turning point", after Tehran's support helped Syria retake most of the...
  • Raisi said Iran and Syria had signed 15 "cooperation documents" which would allow "both countries to open a new chapter in economic relations".
  • Raisi and Assad signed a deal on "long-term strategic cooperation", covering fields including oil, aviation, railways and agriculture.

DEWA customers can make payments via Samsung Pay

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has added Samsung Pay to its many options for customers to...

Saudi Arabia transfers 8% Aramco stake to PIF-owned firms

Saudi Arabia said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's...

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ADNOC-Tabreed G2COOl opens

G2COOL is the first geothermal energy cooling plant in the Gulf region.

UAE’s ENEC signs MoU with TerraPower for nuclear-technology development

Dubai, UAE--The Emirates Nuclear Energy Corporation (ENEC) has signed a memorandum of understanding with TerraPower, an American nuclear innovation company,...

Innovations spur Qatar’s petrochemical sector growth

"A fair, safe, and sustainable transition to low-carbon energy is crucial for protecting the planet and fostering economic growth. Achieving...

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MENA region can create 10m jobs by 2050 via climate action, says ILO

DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
  • The trend towards renewable energy has helped to create 13.7 million jobs in the sector worldwide.
  • The ILO is participating in COP28 to ensure that climate change efforts include to monitor the impact on jobs.

COP28 unveils oil and gas ‘Decarbonisation Charter’ to speed up climate action

Dubai, UAE--The COP28 Presidency Saudi Arabia have launched a landmark Oil and Gas Decarbonisation Charter (OGDC), a global industry charter...
  • Around 50 companies, representing more than 40 percent of global oil production, so far have signed on to the OGDC
  • COP28 President Dr. Sultan Al Jaber said several oil companies have adopted net-zero 2050 targets for the first time

50 oil and gas companies pledge to cut operational emission in COP28 meet

DUBAI, UAE - Fifty oil and gas companies representing 40 percent of global production pledged to decarbonize their operations by 2050...
  • The charter is part of a set of initiatives designed to accelerate the decarbonization of the global energy industry.
  • They are voluntary commitments unlike the decisions of COP28, which are taken by consensus between nearly 200 countries.