Oil, Gas, Petrochemicals & Renewables

Energy, Oil & Gas

NMDC unit inaugurates region’s first commercial hydraulic modelling facility

Thu, 21 May 2026

NMDC Dredging & Marine, a subsidiary of NMDC Group, has inaugurated the NMDC Coastal & Hydrodynamic Center, the region’s first hydraulic physical modelling test facility.

Energy, Oil & Gas

Wood wins QatarEnergy Bul Hanine EPIC2 offshore design contract

Thu, 21 May 2026

Wood has been awarded a contract by China Offshore Oil Engineering Company (COOEC) to deliver a scope of detailed design for QatarEnergy’s Bul Hanine EPIC2 project, located offshore Qatar.

Energy, Oil & Gas

QatarEnergy takes stakes in three Uruguay offshore exploration blocks

Thu, 21 May 2026

QatarEnergy has acquired stakes in three offshore Uruguay exploration blocks from Shell’s BG International, including 18 per cent in OFF-4, 30 per cent in OFF-2, and 30 per cent in OFF-7, strengthening its partnership with Shell, Chevron, and APA Corporation across key exploration assets.

Energy, Oil & Gas

bp signs three production sharing contracts in Indonesia

Thu, 21 May 2026

bp and partners signed three Indonesian Production Sharing Contracts, increasing bp’s block participation to 11. Two blocks near Tangguh LNG in Papua Barat offer exploration potential, while bp joined INPEX-operated Barong block in East Java.

Energy, Oil & Gas

ADNOC committed to $150bn energy capital expenditure, says Dr Al Jaber

Thu, 21 May 2026

ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience.

Energy, Oil & Gas

Oman firms team up on EV charging, alternative fuels MoU

Wed, 20 May 2026

OQ Base Industries and Oman Oil Marketing Company signed an MoU to collaborate on alternative energy, including solar power, EV charging infrastructure, biofuels, and methanol fuel blending, supporting Oman’s energy transition and sustainability goals.

Energy, Oil & Gas

“K” LINE unveils LNG carrier Diamond Gas Jade

Wed, 20 May 2026

Kawasaki Kisen Kaisha (“K” LINE) has named its new 174,000-cubic-metre LNG carrier, Diamond Gas Jade, at Samsung Heavy Industries. The vessel, owned by a joint venture, will support the LNG Canada Project involving Mitsubishi Corporation.

Energy, Oil & Gas

World Hydrogen Awards honour hydrogen industry achievements

Wed, 20 May 2026

Companies and individuals driving progress in the hydrogen sector were recognised at the World Hydrogen Awards 2026, held in Rotterdam alongside the opening day of the World Hydrogen Summit & Exhibition at the Ahoy Rotterdam complex.

Energy, Oil & Gas

Action Energy signs market maker deal with NIC

Wed, 20 May 2026

Action Energy Company has announced the signing of a market maker agreement with National Investments Company (NIC), aimed at enhancing liquidity and improving trading efficiency for its listed shares.

Energy, Oil & Gas

Japan, South Korea agree on energy supply security pact

Wed, 20 May 2026

Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung agreed to strengthen energy cooperation by securing stable supplies of crude oil, petroleum products, and LNG amid rising geopolitical tensions in the Middle East.