Chevron Corporation, through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), has confirmed an oil and gas condensate discovery at the 105-4X exploration well in Block 0, offshore Angola.
bp and the Government of the Bolivarian Republic of Venezuela have signed agreements to advance offshore gas development, including the award of an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area.
Venezuela signed oil-related contracts with two US companies as the government of the South American country seeks to attract investment and boost crude production, a report said.
Intersolar Middle East 2026 will bring together solar and renewable energy industry leaders in Dubai next month, with the three-day conference focusing on the region's accelerating energy transition, energy security and the growing role of solar power and energy storage.
US President Donald Trump has threatened to impose sweeping economic punishment on any country that provides a “lifeline” to Iran, escalating pressure on Tehran as the confrontation over the strategically vital Strait of Hormuz enters a critical phase and diplomatic efforts to end the nearly six-month-old war appear increasingly uncertain.
Saudi Arabia’s real gross domestic product contracted 4.8% year-on-year in the second quarter of 2026, said a report, as a 24.7% decline in oil activity outweighed growth in non-oil activities and government output. Non-oil activity grew 0.6% in the quarter, while government activity rose 0.9%.
Dubai Electricity and Water Authority (Dewa) said it is integrating sustainability measures across its infrastructure projects to help cut carbon emissions, boost resource efficiency and support the emirate’s clean energy transition as the emirate pushes ahead with its sustainability goals.
The Iraqi government approved the mechanisms for exporting Iraqi oil through specialised international and local companies and via various outlets, with contracts to be concluded for a period of three months starting September 1, 2026.
Silverwell, a developer of advanced intelligent completion technologies, has been awarded a multi-million-dollar, multi-well contract with a leading Middle East operator for the deployment of its Digital Intelligent Artificial Lift (DIAL) technology.
Oil extended gains for a fourth day in Asia trade, with Brent and WTI near three-week highs. Brent crude edged up 26 cents to around $91.28 a barrel, while US WTI crude rose 37 cents to around $85.31.
