Middle East
News
July 23, 2026
Oil prices climbed above $100/bbl after Houthi attacks on Saudi tankers in the Red Sea intensified concerns over global crude supplies, adding to ongoing disruptions in the Strait of Hormuz and Kazakhstan's export routes amid escalating Middle East conflict.
News
July 22, 2026
Grandweld Shipyards will design and build two advanced offshore support vessels for Saudi Arabia's Bahri Logistics, strengthening offshore logistics capabilities at Ras Tanura Port and supporting operations across the Kingdom's energy sector.
News
July 22, 2026
Oil prices climbed toward $95/bbl as escalating U.S.-Iran hostilities, tanker attacks in the Strait of Hormuz, Red Sea shipping threats and disruptions to Kazakhstan's crude exports heightened concerns over global oil supplies and market volatility.
News
July 22, 2026
Halliburton has secured a long-term agreement with Kuwait Oil Company to help develop the Ahmadi Innovation Valley, an upstream R&D center focused on AI, digital technologies and solutions for brownfield, greenfield and unconventional oil and gas assets.
News
July 21, 2026
The IEA says alternative crude supplies and emergency stock releases are helping stabilize global oil markets despite escalating tensions around the Strait of Hormuz, but warns refined fuel and LNG markets remain under pressure.
News
July 21, 2026
TWMA has secured a three-year contract extension with a major operator in Egypt to provide drilling waste management services, reinforcing its long-standing presence in the country's offshore oil and gas sector and supporting continued growth across the Eastern Mediterranean.
News
July 21, 2026
ADNOC has approved a $6.2 billion investment to develop the Umm Shaif Gas Cap offshore Abu Dhabi, a project expected to deliver more than 600 MMscfd of natural gas by 2030 and strengthen the UAE's long-term gas supply.
News
July 20, 2026
Halliburton has been awarded an integrated field management and EPCM contract by Basra Oil Company to support development of the Bin Umar and Sindbad oil and gas fields in southern Iraq, advancing production and associated gas utilization.
News
July 20, 2026
Oceaneering has secured a five-year asset integrity services contract with a Qatar-based oil company, providing inspection, non-destructive testing and digital integrity management solutions to support production reliability and regulatory compliance.
News
July 19, 2026
The U.S. and Iran exchanged new strikes over the weekend, raising tensions across the Middle East and increasing risks to oil markets, commercial shipping and energy infrastructure. The latest escalation comes as attacks near the Strait of Hormuz continue to support higher crude prices.
News
July 17, 2026
ConocoPhillips has agreed to acquire a 42% interest in bp's Kirkuk joint venture, supporting the redevelopment of four producing oil fields in northern Iraq. The project includes more than 3 Bboe of recoverable resources and additional exploration potential.
News
July 16, 2026
Halliburton has secured multi-year contracts from Aramco covering approximately 285 onshore wells in Saudi Arabia, expanding its integrated drilling, completions and workover services in the Kingdom.
News
July 15, 2026
Oil prices climbed above $85/bbl as the U.S. launched another round of strikes on Iran, deepening security concerns in the Strait of Hormuz and keeping traders focused on potential disruptions to global crude exports.
News
July 15, 2026
Gulf oil exports are slowing again as renewed attacks on commercial tankers in the Strait of Hormuz disrupt shipping, according to satellite imagery reviewed by Bloomberg, raising fresh concerns over crude supplies moving through one of the world's most important energy transit routes.
News
July 15, 2026
Halliburton has won a long-term contract to support Aramco's Jafurah unconventional gas development, where it will deploy Saudi Arabia's first fully integrated intelligent hydraulic fracturing platform beginning in the third quarter of 2026.
News
July 14, 2026
Oil prices climbed after the Trump administration scrapped a proposed Strait of Hormuz transit fee but intensified pressure on Iran by resuming its shipping blockade and launching new military strikes, keeping geopolitical risk firmly in focus for energy markets.
News
July 13, 2026
Oil prices surged after President Trump announced plans to reinstate a blockade on Iranian shipping through the Strait of Hormuz and impose a 20% transit fee on other cargoes, renewing concerns over global oil supplies and escalating tensions in the Middle East.
News
July 12, 2026
The United States launched a third round of strikes on Iran as Tehran declared the Strait of Hormuz closed to commercial shipping, escalating tensions that threaten global oil exports and energy markets.
News
July 10, 2026
Oil prices declined as the United States and Iran continued technical talks following renewed military strikes, easing immediate supply concerns even as tanker traffic through the Strait of Hormuz remained below normal.
News
July 10, 2026
ADNOC Logistics & Services has ordered four 175,000-m³ LNG carriers valued at approximately $900 million, expanding its LNG shipping fleet to support growing global gas demand and ADNOC's LNG marketing strategy.
News
July 10, 2026
A limited number of oil tankers continue to transit the Strait of Hormuz via the Oman shipping corridor despite renewed U.S.-Iran military strikes, while observable vessel traffic remains below normal levels.
