SLB and Equinor have signed a multi-year agreement for advanced reservoir stimulation services across the Norwegian Continental Shelf (NCS), including a major upgrade of the well stimulation vessel MV Island Captain.
Sabic has secured an R&D 100 Award for the sixth consecutive year, earning recognition for its NORYL V0 resins, a laser-weldable specialty material developed for the solar energy sector.
XRG, Adnoc’s international investment arm, reported resilient Q2 2026 chemicals earnings, led by Borouge International’s $1.8 billion adjusted EBITDA, underscoring the value of diversification, scale and global market exposure.
Saudi Arabia and Syria signed three Power Purchase Agreements (PPAs) for 760MW of solar projects in Rif Dimashq, supported by 1,077MWh of battery storage, alongside technical cooperation agreements with Saudi Electricity Project Development Company and Siemens Energy.
Oman’s refinery output declined 5.1 per cent in the first half of 2026, with total production reaching 108.85 million barrels by the end of June, compared with 114.66 million barrels during the same period in 2025, according to preliminary data from the National Centre for Statistics and Information (NCSI).
ADNOC Logistics & Services has announced the acquisition of five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs) for a combined investment of approximately $1.3 billion (AED4.8 billion).
The Middle East’s historic role as the global energy heartbeat is entering a new chapter. While the region continues to provide over 31% of the world’s oil, its true competitive advantage is shifting from resource extraction to intelligent orchestration.
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit of AED393 million ($107 million) in H1 2026, compared with AED270 million ($73 million) in H1 2025, an increase of 47%.
Saudi utility giant Acwa Power has reported mixed first-half results, with its revenue soaring to SAR4 billion ($1.2 billion) mainly driven by higher energy sales and increased O&M services earnings, while its net profit for the six-month period fell 28% to SAR653.2 million ($174.2 million).
Shell Catalysts & Technologies has sold intellectual property assets and experienced personnel linked to its Environmental Catalysts and Systems (ECS) business to Lummus Technology, supporting the continued growth of the environmental solutions unit.
