Oil and gas

TPAO

Turkey’s big plan to launch IPOs for state energy companies: What we know

Turkey's financial recovery travails are likely to be the key reason for the change in energy policy.

Saudi Arabia's Crown Prince and Prime Minister Mohammed bin Salman (C) inspects a guard of honour during a ceremonial reception at the President House a day after the G20 summit in New Delhi on September 11, 2023. (Photo by Money SHARMA / AFP) (Photo by MONEY SHARMA/AFP via Getty Images)

Analysis

What to make of Saudi-Iranian flurry of diplomatic activity, military channels?

A high-level military meeting between Saudi Arabia and Iran on Sunday marked another in a series of recent diplomatic engagements between the two nations.

Rosaleen Carroll

By Rosaleen Carroll

In Washington, DC, US, reporting on the Middle East

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

UAE's ADNOC doubles down on gas, allocating $15B over next 5 years

In a Monday statement ADNOC Gas said it had raised its capital expenditure plan to around $15 billion for the next five years, from about $13 billion.

United Arab Emirates

Former US President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, on November 6, 2024. Donald Trump claimed victory and pledged to "heal" the country on November 6, 2024 as results put him on the verge of beating Kamala Harris in a stunning White House comeback. (Photo by Jim WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)

Middle East markets rally after Donald Trump's election victory

Saudi Arabia’s benchmark index, the TASI, gained 0.9%, while Dubai's main share index gained 0.5%. The Abu Dhabi Securities Exchange, a key player in the region’s stock markets, gained 0.4%.

Latest News

Saudi Aramco in 'advanced' talks on hydrogen offtake as Q3 income drops 15.3%

How Trump, Harris presidencies could impact Middle East oil markets

A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf.

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Saudi Arabia ramps up renewable tenders to 44 GW, doubles down on oil and gas

A general view shows the solar plant in Uyayna, north of Riyadh, on March 29, 2018.

Saudi Aramco expects oil demand to average 104.5 million bpd in 2024

Aramco chief executive Amin Nasser speaks during the annual Future Investment Initiative (FII) conference in Riyadh on Oct. 29, 2024.

This picture taken on Feb. 6, 2023, shows a view of the Tibbin dual fuel (natural gas and fuel oil) powerplant and Helwan Steelworks, in the Helwan suburb south of Egypt's capital, Cairo.

Analysis

Even with Greece venture, Egypt's energy hub ambitions remain far off

Egypt's key gas field has seen a slump in output while Cairo continues to import more gas from other countries such as Cyprus and Israel.

In Bristol, reporting on regional business, climate change, AI, tech

ENI headquarter in San Donato Milanese, near Milan, Italy, Oct. 27, 2017.

After decade halt, Eni, BP resume hydrocarbon exploration in Libya

Onshore drilling had been suspended for a decade, since the beginning of the Libyan civil war between rival factions in the country’s east and west.

Attendees take part in the annual Future Investment Initiative (FII) conference in the Saudi capital Riyadh on October 25, 2022. (Photo by Fayez Nureldine / AFP) (Photo by FAYEZ NURELDINE/AFP via Getty Images)

What to make of Saudi Arabia's $96B in foreign direct investment in 2023

Driving foreign investment into key sectors is part of Saudi Arabia's efforts to diversify away from an oil-dependent revenue model.

An OQ flag.

Oman state energy firm raises $2B from IPO, sultanate's largest ever

OQ raised the funds for its exploration and production business on the local stock exchange.

This picture shows Aramco tower in the King Abdullah Financial District (KAFD) in Riyadh on April 16, 2023.

What are Aramco’s priorities in Asia after cancelation of Saudi chemical project?

The Saudi oil giant is showing increasing interest in Asia’s petrochemicals market amid the energy transition.

A picture taken on February 8, 2015, shows the headquarters of Algeria's state-owned energy giant Sonatrach in the capital Algiers.

Algeria's Sonatrach, European partners sign two green hydrogen agreements

Algeria’s Sonatrach has signed two agreements as the country makes a green hydrogen push both for domestic use and for export to Europe.

BULENT KILIC/AFP via Getty Images

Analysis

East Med energy risks rise as Israel-Iran crisis threatens oil shocks

As the Middle East conflicts intensify, Israeli energy assets are exposed to attack alongside new threats facing Gulf oil supplies.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

(R to L) Somali Ambassador to Ankara Fathudin Ali Mohamed, Turkish President Recep Tayyip Erdogan, Turkish Energy Minister Alparslan Bayraktar, and Turkish Foreign Minister Hakan Fidan bid farewell to the Oruc Reis departs from Istanbul.

Analysis

Turkey's hydrocarbon mission to Somalia extends its Africa influence

Turkey-Somalia ties enter a new phase as the Turkish research vessel RV Oruc Reis heads to Somali waters to prospect for oil and natural gas.

Barin Kayaoglu

By Barin Kayaoglu

In Ankara, reporting on geopolitics and national security

Tingshu Wang/Getty Images

UAE’s AD Ports Group inks major deal with China

Political and economic cooperation between the United Arab Emirates and China is growing, with robust trade ties and a visit by the Chinese premier to the Gulf state.

United Arab Emirates

People inspect the remains of an Iranian missile that fell into the home of a Bedouin family in the Negev desert near Arad on October 2, 2024, in the aftermath of an overnight Iranian missile attack on Israel.

Analysis

As world awaits Israel's response to Iran, can US help stave off ‘all-out war’?

Benjamin Netanyahu mulls four options to respond to Iran, the US moves goalposts on containing the war, the Gulf looks for assurances on oil assets and more.

Andrew Parasiliti

By Andrew Parasiliti

In Washington, DC, reporting on diplomacy, regional politics, national security

An Iranian flag flutters on board the Adrian Darya oil tanker, formerly known as Grace 1, off the coast of Gibraltar on Aug. 18, 2019.

Iranian oil tankers flee crude loading site amid fears of Israeli attack

US President Joe Biden was asked Thursday whether he would support Israel attacking Iranian oil infrastructure, and in off-the-cuff remarks, he said his administration was “discussing” it.

A man walks across from a raging fire at oil storage tanks a day after Israeli strikes on the port of Yemen's Houthi-held city of Hodeidah on July 21, 2024.

Analysis

How an Israeli retaliation on Iran could impact Gulf energy flow

Energy facilities along the east and west of the Arabian Peninsula brace for possible Israeli attacks against Iran and its proxies.

Jennifer Gnana

By Jennifer Gnana

In Dubai, reporting on Gulf energy policy and politics