Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
Gain.Energy, a US-based energy tech company has announced the launch of Upstrima, a specialised AI platform built for the oil and gas sector. It brings together AI agents, intelligent data processing and engineering expertise to automate complex technical tasks while augmenting the capabilities of experts.
Aramco, one of the world’s leading integrated energy and chemicals companies, and Maaden, one of the world’s fastest‑growing mining companies, on Tuesday announced the signing of a shareholders’ agreement to form a joint venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in Saudi Arabia.
ExxonMobil Moçambique, Limitada, on behalf of the Area 4 co-venturers, has awarded approximately $1.1 billion in pre-investment contracts for critical long-lead upstream equipment supporting the Rovuma LNG Phase 1 development in Cabo Delgado.
Canada has unveiled a nearly $70 billion clean energy investment centred on hydropower expansion in Newfoundland and Labrador and Québec, in a move that could strengthen the country's position as a major supplier of clean electricity and critical minerals to international markets.
Saudi Aramco is offering crude oil outside the Strait of Hormuz to some Asian refiners through private negotiations, a Reuters News report said quoting two sources with knowledge of the matter.
Oil prices rose for a third consecutive session on Tuesday as hopes for a deal to end the Middle East conflict faded, raising concerns that disruptions to energy supplies could persist, particularly with no clear timeline for the reopening of the Strait of Hormuz.
The Dubai International Financial Centre (DIFC) Courts received 243 opt-in cases in the first half of 2026, representing 30% of the 810 cases filed across all divisions.
Schneider Electric will bring together energy, technology and industry leaders in Abu Dhabi next month for the second edition of its Innovation Summit Middle East & Africa, as the region looks to strengthen energy systems to support the rapid growth of artificial intelligence, cloud computing and digital infrastructure.
Indian engineering and construction conglomerate Larsen and Toubro said its subsidiary L&T Energy Hydrocarbon Offshore has secured an ultra-mega order, valued at over Rs150 billion ($1.57 billion) - from a major client in the Middle East for the development of multiple offshore facilities.
