Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors.
Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report.
The traditional energy sector is struggling to keep up with a shrinking talent pool, as a fewer percentage of young people enter the workforce, experienced professionals are harder to find, and global mobility declines, according to the tenth annual Global Energy Talent Index (GETI) 2026, an energy workforce trends report.
The US has positioned forces in the Gulf region, pressuring Iran to accept a set of US demands. Diplomatic channels remain open, but miscalculation by either party could result in an escalation. CIO Office Viewpoint from Lombard Odier examines the potential implications if US-Iran tensions were to escalate.
The eight Opec+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—reviewed market conditions and outlook, reaffirmed their 2 November 2025 decision to pause production increases in March 2026 due to seasonality, and said 1.65 million bpd may return gradually, subject to conditions.
Oman's oil exports recorded a slight increase of 0.1 percent by the end of October 2025, reaching 256,557,800 barrels, compared to 256,318,800 barrels during the same period in 2024.
Saudi Arabia’s real GDP grew by 4.8% in the third quarter compared to last year, reported SPA citing official data. All economic activities recorded y-o-y growth with oil activities surging by 8.3%, non-oil activities by 4.3% and government activities by 1.4%.
On the first anniversary of Bapco Modernisation Project, Shaikh Nasser bin Hamad Al Khalifa, Chairman of the Board of Directors of Bapco Energies, inspected the refinery, noting production had risen from 265,000 to 380,000 barrels per day, with a planned increase to 405,000 barrels per day, boosting oil exports by 40 per cent. He also inaugurated Bapco manufacturing facilities.
Oil production in Oman recorded a 0.4 per cent increase by the end of November 2025, reaching approximately 333,940,700 barrels compared to 332,693,800 barrels during the same period in 2024, according to the latest preliminary data issued by the National Centre for Statistics and Information (NCSI).
Chinese oil major CNOOC, opens new tab said that an offshore oil project in the South China Sea had commenced production. Xijiang Oilfields 24 Block Development Project, located in the shallow water of the Pearl River Mouth Basin, is expected to achieve a plateau production of about 18,000 barrels of light crude oil equivalent per day in 2026.
