Blog
RISING REVENUES AT OMAN’S OQGN INCREASE PROFITS.
Net profit at state-controlled OQ Gas Networks (OQGN), the pipeline subsidiary of Oman energy major OQ, increased by 13 percent in the first six months of 2025, buoyed by higher revenues.
- 1 year, 2 months
OIL SLIPS AS OPEC+ PROCEEDS WITH SEPTEMBER OUTPUT HIKE .
Oil prices slipped on Monday after OPEC+ confirmed a substantial production hike for September, signaling confidence in market resilience, yet concerns over potential disruptions to Russian oil exports to India kept losses in check. The 547,000 barrels per day output increase, part of OPEC+'s accelerated strategy to reclaim global market share, comes at a time when geopolitical tensions and economic uncertainties are intensifying. With the U.S. threatening secondary sanctions on countries importing Russian crude, trade flows are already shifting, forcing key buyers like India into the geopolitical crossfire. Meanwhile, global markets remain wary as fresh U.S. tariffs loom, stoking fears of a broader economic slowdown that could dampen fuel demand. Despite these headwinds, OPEC+ appears poised to leverage its supply flexibility, carefully navigating between maximizing revenues and preventing market oversupply. As trade negotiations, sanctions enforcement, and energy diplomacy converge, the oil market faces a volatile period ahead, where geopolitical maneuvers could swiftly reshape supply-demand dynamics.
- 1 year, 2 months
ADNOC GAS STRIKES 10‑YEAR LNG DEAL WITH INDIA’S HPCL.
ADNOC Gas plc (ADX: ADNOCGAS), the Abu Dhabi‑listed gas and LNG arm of ADNOC, today announced it has signed a 10‑year Heads of Agreement with India’s state‑backed Hindustan Petroleum Corporation Limited (HPCL) to supply 0.5 million metric tonnes per annum (mmtpa) of liquefied natural gas (LNG) to HPCL.
- 1 year, 2 months
IRAN LAUNCHES 7,000 MW RENEWABLE ENERGY PLANT PROGRAM.
Iran is turning to renewable energy as a critical solution to meet its growing electricity demand, especially amid dwindling gas supplies and ongoing economic challenges such as U.S. sanctions.
- 1 year, 2 months
EGYPT PARTNERS WITH ENI'S IEOC, BP TO EXPAND EXPLORATION ACTIVITIES IN MEDITERRANEAN SEA.
Minister of Petroleum Karim Badawi emphasized that this agreement falls within the framework of the ministry’s first axis strategy.
- 1 year, 2 months
IRAQ REVIVES OIL-FOR-PROJECTS DEAL WITH CHINA .
Iraq is reviving its landmark oil-for-projects agreement with China, initially signed in 2019, after a three-year suspension reportedly due to U.S. pressure.
- 1 year, 2 months
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