Oil & Gas

Oil Prices Edge Lower as IEA Accelerates Reserve Releases

News Editor 08/10/2026

Oil prices closed lower on Wednesday after a volatile trading session, as markets reacted to the International Energy Agency’s decision to speed up the release of emergency oil reserves while placing greater emphasis on diesel supplies. Brent crude futures declined by 38 cents, or 0.38 per

Oil & Gas UAE

UAE Announces Fuel Prices for October 2026

News Editor 30/09/2026

Photo Credit : WAM The UAE Fuel Price Committee has announced petrol and diesel prices for October 2026, with rates increasing across all fuel categories compared with September. The new prices, which will take effect from 1 October, were approved under the UAE’s monthly fuel pricing mechanism, which takes into account movements in global energy […]

Oil & Gas

Oil Prices Ease After Reaching One-Week High

News Editor 25/09/2026

Photo Credit : WAM Oil prices moved lower on Friday, giving back some of the gains recorded in the previous session when crude benchmarks climbed to their highest levels in a week. Brent crude futures fell 87 cents, or 0.82 percent, to US$105.73 per barrel at 02:12 GMT. Meanwhile, West Texas Intermediate (WTI) crude dropped […]

Oil & Gas

How UAE fuel prices are set—and when new rates are announced

Seif Kamel 21/09/2026

The historical background of fuel prices and their impact on the United Arab Emirates are closely associated with the development of the country’s economy. The discovery of oil more than 70 years ago in the United Arab Emirates has been a keystone in the advancement and growth of the Emirati economy. Afterwards, in 1971, the […]

Economy Energy Oil & Gas

ADNOC Drilling launches first AI-powered walking island rig ahead of schedule

News Editor 25/06/2026

Photo Credit : WAM ADNOC Drilling has announced the successful delivery of its first artificial intelligence-enabled “walking” island rig, marking a major milestone in the company’s efforts to advance drilling efficiency and strengthen Abu Dhabi’s energy sector. The next-generation rig was delivered ahead of schedule, reinforcing ADNOC Drilling’s strategy to integrate

Logistics Oil & Gas

Oil tankers’ collision in Gulf waters sparks concern over GPS spoofing

Arnold Pinto 27/07/2025

In a vital shipping route A recent collision between two large oil tankers off the coast of the United Arab Emirates (UAE) has drawn renewed attention to the growing issue of GPS interference in the Arabian Gulf waters, with maritime experts warning of increasing risks to navigation in one of the world’s most critical energy […]

Business Energy Oil & Gas

Do you know that these 8 countries control the world’s energy supply?

Arnold Pinto 20/07/2025

As oil superpowers Global oil production remains dominated by a handful of countries, each with significant influence over energy markets, pricing, and international policy. As geopolitical tensions and energy transitions unfold, these nations remain critical to the global energy supply chain. Middle Eastern producers, particularly Saudi Arabia, the UAE, and Iraq, remain

Oil & Gas UAE

AI and finance dominate ADIPEC 2024 agenda in Abu Dhabi

Arnold Pinto 03/11/2024

From November 4 to 7 Abu Dhabi, the global energy industry hub, will host the 40th edition of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) from November 4 to 7, 2024. Organised by dmg events, the event will convene over 184,000 attendees, including more than 1,800 innovators and experts from the energy, artificial […]

Oil & Gas

Oil and gas separator market may surge to $11.7 billion by 2032

Arnold Pinto 10/09/2024

Gravity separators dominate market The global oil and gas separator market is set to experience significant growth, with projections estimating an increase from $8 billion in 2022 to $11.7 billion by 2032. According to a new report by Allied Market Research, this surge represents a compound annual growth rate (CAGR) of 4.1% over the forecast […]

Oil & Gas

DNV: 50% of energy firms are set to integrate AI by 2025

Arnold Pinto 10/09/2024

As digitalisation speeds up A new survey from DNV, an independent energy expert and assurance provider, reveals that 50% of senior energy professionals plan to integrate Artificial Intelligence (AI) into their operations by 2025. This finding comes from DNV’s latest report, ‘Leading a Data-Driven Transition,’ which is part of its 14th annual survey. The survey […]

Oil & Gas

QatarEnergy and KPC sign 15-year LNG supply agreement

Arnold Pinto 30/08/2024

Involving 3 MTPA to Kuwait QatarEnergy and Kuwait Petroleum Corporation (KPC) have formalised a 15-year LNG Sale and Purchase Agreement (SPA) for the delivery of up to 3 million tons per annum (MTPA) of liquefied natural gas (LNG) to Kuwait. The agreement, which underscores the growing energy collaboration between the two Arabian Gulf states, was […]

Oil & Gas

Countdown begins for Gastech 2024 in Houston

Arnold Pinto 27/08/2024

With 50,000+ attendees and 800+ exhibitors In less than a month, the international gas and energy community will descend on Houston, Texas, for Gastech 2024, the world’s largest conference and exhibition for natural gas, LNG, hydrogen, climate technologies, energy manufacturing, and low-carbon solutions. The mega in-person event takes place from September 17 to 20, 2024,

Oil & Gas

Gastech 2024 Announces Key Conferences’ Agenda

News Desk 20/06/2024

From September 17 To 20 Gastech 2024, the premier platform for natural gas, LNG, hydrogen, and climate technologies, has announced its agenda for this year’s Strategic, Climatetech, and Hydrogen Conferences. Gastech Exhibition & Conference 2024 will be held from September 17 to 20 in Houston, Texas, United States. The event aims to shape the future […]

Markets Oil & Gas

ADNOC Acquires 10% Stake In Mozambique’s LNG Development

Arnold Pinto 25/05/2024

Area 4 Concession Features Significant Projects Abu Dhabi National Oil Company (ADNOC) has made its first-ever LNG investment in Mozambique. The acquisition involves a 10% equity stake in the Area 4 concession within Mozambique’s Rovuma basin from Portuguese multinational energy corporation Galp. The investment diversifies Abu Dhabi-based ADNOC’s portfolio and

Business Oil & Gas Saudi Arabia

Aramco declares $121 billion net profit in 2023

Arnold Pinto 11/03/2024

Profit falls from $161.1 billion in 2022 Saudi Arabian Oil Company (Aramco) revealed its full-year 2023 financial results on March 10, 2024. The company’s robust net income of $121.3 billion marked its second-highest-ever net income. The stellar financial performance, attributed to Aramco’s operational flexibility, reliability, and cost-effective production

Oil & Gas Business

ADIPEC 2023 to highlight why global energy transition is a priority

Arnold Pinto 29/09/2023

Net-zero aspirations will be a crucial focus at the 4-day event ADIPEC 2023 – the world’s largest and most inclusive event for the energy sector – is set to witness the in-person participation of 160+ federal government ministers and energy sector executives from across the globe when the show is held from October 2-5, 2023, […]

Oil & Gas Business

Gastech returns to the Energy Capital of the World in 2024

Arnold Pinto 25/09/2023

Houston confirmed as host city (September 17-20, 2024) Gastech, the world’s largest global exhibition and conference for natural gas, LNG, hydrogen, low carbon solutions, and climate technologies, will be held in Houston, Texas, United States 2024. dmg events, the global event’s organiser, has confirmed that for the first time since 2019, Gastech will return to […]

Oil & Gas Business GCC UAE

ANYbotics and Sigma Enterprises enter partnership in UAE

PR News Desk 21/09/2023

ANYbotics has strengthened its presence in the Middle East by appointing Sigma Enterprises as a reseller partner for the UAE. Sigma Enterprises, part of the privately-held diversified holding company Mazrui International, will increase inspection robot deployment in the region’s oil & gas, power, chemicals, metals, and transportation sectors. ANYbotics’

Oil & Gas Events

Names of the 21 finalists for ADIPEC Awards 2023 announced

Arnold Pinto 14/09/2023

A record 1,072 entries from 78 countries have been submitted ADIPEC, the world’s largest platform for the energy value chain, has announced the names of the 21 finalists – originating from the Middle East, Europe, Asia, and the Americas – for the ADIPEC Awards 2023. The ADIPEC Awards, now in its 13th year, cater to the […]

Sustainability GCC Lifestyle Oil & Gas UAE

ADNOC to develop Habshan CO2 capture project in Abu Dhabi

Arnold Pinto 07/09/2023

The project will store 1.5 mtpa of carbon dioxide deep underground Abu Dhabi National Oil Company (ADNOC), the leading global energy producer, will develop the Habshan carbon capture project, one of the most significant projects in the Middle East and North Africa (MENA) region. The Abu Dhabi-headquartered company made the announcement on September 6, 2023. […]