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Oil and Gas News - May 2026

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Oil and Gas News Description:

出版社: Al-Hilal-Publishing-&-Marketing-Group

カテゴリ: Business

言語: English

頻度: Monthly

The definitive news source for the energy markets of the Middle East with a unique global perspective OGN provides authoritative information, OGN magazine is dedicated to deliver the latest news on industry developments in carbon and non-carbon sources of energy, contract information and support for business development strategies for companies concerned with the energy sector. The Platform provides authoritative information, business intelligence, country reports and quality analysis for covering all aspects of the upstream, midstream and downstream sectors across the Middle East Region.

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May 2026

Women leaders playing pivotal role in Mideast energy sector

WOMEN are playing an increasingly influential role in shaping the Middle East's energy ecosystem, as leadership diversity, operational excellence and specialist expertise gain prominence across mission-critical services.

1 mins

Waste costs world $30trn in economic value

THE global economy is losing vast value through systemic waste and inefficiency, with a new assessment putting annual losses at €25.4 trillion ($29.7), equivalent to 31 per cent of global GDP, underscoring the scale of economic exposure linked to linear resource use.

1 mins

UAE QUITS OPEC IN BIG BLOW TO GROUP

The UAE said it would continue to act responsibly by bringing additional production to market

2 mins

AI'S ENERGY HUNGER REDRAWS MAP OF GLOBAL POWER DEMAND

From data centre proliferation to battery breakthroughs and grid security, AI is simultaneously straining electricity systems and offering the most powerful toolkit yet for transforming how the world produces and consumes energy

6 mins

No option: Oil and gas companies can no longer afford to delay digitalisation

Escalating cyberthreats, geopolitical tensions, mounting emissions regulation, and rapid Al innovation are converging to make digitalisation a strategic imperative, not an option, for global energy operators

3 mins

Energy firms accelerate AI partnerships to transform industrial operations globally

Gulf NOCs lead a wave of strategic technology alliances as energy firms increasingly rely on AI platforms, cloud infrastructure, and digital twins to drive efficiency and long-term competitive advantage

3 mins

Cybersecure systems drive GCC industrial resilience amid escalating digital threats

Connected instrumentation security and AI-enabled intelligence redefine resilience across GCC's energy, water, hydrogen and data infrastructure, strengthening protection for critical industrial systems, Jay Gadhavi tells OGN

2 mins

Open data sharing boosts grids, empowers consumers through intelligent insights

Data access is enabling smarter tariffs, consumer self-generation, improved grid resilience, while generating actionable insights that cut costs and support decarbonisation, David Sheldrake, CRO, POWWR, tells OGN

5 mins

O&G can secure future by investing in data strategies, digitalisation

Top priority must be to implement a data strategy that harmonises and contextualises the information into structures, ontologies and databases, Thiago Ribeiro tells OGN

3 mins

Data's explosive growth forces reckoning across global energy markets

Data's relentless growth has triggered a $770 billion investment surge, pushing power grids to their limits and forcing fundamental rethinking of global energy infrastructure

5 mins

AI's $90bn promise stalls as energy sector struggles to scale

The oilfield services and industrial automation sectors both face a defining moment: Scale decisively or cede competitive ground to faster-moving, Al-native rivals

5 mins

AI platforms reshape decision-making across energy and scientific systems

US national laboratories are redefining real-time decision-making by converting massive scientific and power-system datasets into actionable operational intelligence

3 mins

GenAI heightens job risks in KSA as green roles expand resilience

New analysis shows a majority of Saudi private-sector roles are highly exposed to GenAl, with green occupations less vulnerable and gender disparities intensifying labour market risks

4 mins

Avigilon AI video analytics help protect Middle East O&G sites

By delivering real-time visibility across vast and complex sites, Avigilon systems help operators detect threats earlier, respond faster and maintain oversight of critical assets

3 mins

STATS Group puts people at the core of its global growth strategy

While accelerating operational excellence and expanding its global footprint, STATS Group is strengthening its workforce capability through accredited training, leadership development and strategic nationalisation

3 mins

The solution to workforce woes that Mideast manufacturers are missing

Digital processes are being adopted to bridge widening skill gaps and ensure operational consistency across diverse workforces, Vibhu Kapoor, Regional Vice President – Middle East, Africa & India, Epicor, tells OGN

3 mins

Energy sector faces talent emergency as 'ageing' workforce meets Al

The 2026 Global Energy Talent Index warns that rapid Al adoption, deepening skills shortages, and a demographic shift toward older workers are creating a strategic crisis threatening global project delivery

6 mins

Wartsila launches nexgen simulation platform for maritime training

PURDUE University and Rittal and Eplan, sister companies and global leaders in industrial and electrical engineering solutions and automation, have announced a strategic partnership for smart manufacturing, engineering education.

1 mins

Wartsila launches nexgen simulation platform for maritime training

TECHNOLOGY group Wartsila has launched NTPRO 7, a next-generation bridge and ship-handling simulator designed to support future-ready maritime training.

1 mins

3t, ENPPI agree to bolster energy training in Egypt

3T, a global leader in training and learning technology for safety-critical industries, has signed a strategic MoU with Engineering for the Petroleum & Process Industries (ENPPI) marking a key step in its Middle East expansion.

1 mins

Mintra gets leadering position on digital learning platform

MINTRA has retained its position as a Core Leader on the 2026 Fosway 9-Grid™ for Digital Learning.

1 mins

Female leadership drives innovation across Mideast energy travel logistics

Lynn Coutts has transformed ATPI's regional operations through expert leadership and a mission-critical approach to energy logistics, fostering a diverse all-female management team and achieving remarkable growth

5 mins

Women leadership driving sustainable energy transition across Middle East

The ESG Middle East Insights founder discusses the integration of sustainability into core business models, the impact of emerging technologies, and the evolving role of female leadership in regional decarbonisation

5 mins

Women leaders are reshaping the global clean energy transition

From South African coal fields to European labour markets, the evidence is unambiguous: Gender inclusion is not a social add-on but the indispensable architecture of a durable energy future

5 mins

Black Gold Museum recasts KSA's oil story through art and culture

The museum positions oil within a global cultural narrative, combining more than artworks, interactive installations and historical documentation to examine energy's societal impact

2 mins

OPES 2026 signals Oman's energy transition ambition

Capital inflows, automation and geopolitical pressures are reshaping mining economics, as technology-driven innovation redefines resilience across an increasingly complex global minerals landscape

4 mins

DUBAL drives circular growth through BIOD, waste-to-energy initiatives

The company is accelerating its net-zero strategy through circular economy investments, positioning them as scalable engines of industrial transformation and long-term climate resilience, Ahmad Bin Fahad tells OGN

6 mins

New Ametek moisture analysers

AMETEK Process Instruments has launched two new quartz crystal microbalance (QCM) moisture analysers, the 3050-SLR and 3050-DO, expanding its 3050 series.

1 mins

Sunfire launches 50 MW electrolyser

SUNFIRE has introduced HyLink Alkaline 23, a 50 MW outdoor pressurised alkaline electrolyser designed for large scale green hydrogen projects.

1 mins

Econowind enters deepsea market with 5-series VentoFoil

DUTCH company Econowind is entering the deep-sea shipping market with its new 5-series VentoFoil, a 30-m steel suction wing designed to reduce fuel use on oceangoing vessels.

1 mins

First sea trial targets ship methane emissions

CLIMATE technology company Bennu Climate and maritime innovation venture catalyst lomarlabs have begun a 12-month at sea trial of a methane removal system on a 57,000-dwt Lomar supramax bulk carrier.

1 mins

Emerson unveils welding innovation

EMERSON has launched the Branson Polaris Ultrasonic Welding Platform, a highly configurable system for advanced manufacturing.

1 mins

POWWR simplifies meter validation

POWWR, a energy software provider, has launched its Meter Validation module to streamline pricing and contracting workflows.

1 mins

New hydrogen system targets UK energy costs

KINETIC7, founded by Australian entrepreneur Rick Parish, has announced a hydrogen on demand (HOD) energy platform aimed at addressing the UK and global energy crisis.

1 mins

New Hitachi tool tracks power grid emissions

HITACHI Energy has launched EcoSpace, a digital sustainability platform that measures and visualises the environmental footprint of power grid projects.

1 mins

Aramco, Sulzer ink pump partnership

SULZER has signed a long-term corporate procurement agreement (CPA) with Aramco.

1 mins

Saipem secures Safaniya field projects

SAIPEM has secured two offshore CRPO contracts in Saudi Arabia under its long term agreement with Aramco.

1 mins

QatarEnergy ships first LNG from Golden Pass

QATARENERGY has marked its first LNG export cargo from the Golden Pass LNG project in Sabine Pass, Texas, a milestone in the US-Qatar joint venture with ExxonMobil.

1 mins

Acwa signs $3bn deal for Rabigh 2 expansion

ACWA has announced the signing of a power purAchase agreement (PPA) with the Saudi Power Procurement Company for the Rabigh 2 Independent Power Plant Expansion project.

1 mins

PIF strategy revamp boosts renewable expansion

SAUDI Arabia's Public Investment Fund (PIF) has approved its 2026-2030 strategy, reshaping its portfolio into six integrated economic ecosystems to accelerate diversification and deepen private sector participation under Saudi Vision 2030.

1 mins

Iraq moves ahead with $4.6bn oil pipeline

IRAQ has approved the bidding process for a $4.6 billion oil pipeline linking Basra to Haditha, in a step aimed at strengthening its crude export infrastructure.

1 mins

Al demand fuels surge in Mideast renewables

INVESTMENT in renewable energy projects in the Middle East has risen by 28 per cent year on year, according to a new report from Ansarada in partnership with Infralogic.

1 mins

Bio inspired metal extraction

CHINESE scientists have developed a green, high efficiency membrane separation method to selectively extract critical heavy metals for clean energy technologies.

1 mins

Sulzer launches Libya JV

SULZER has formed a joint venture with Jawaby Services and Investments, a subsidiary of Libya's National Oil Corporation, to deliver in-country rotating equipment services.

1 mins

Hydrogen boom in Asia-Pacific stalls at investment stage

ASIA-PACIFIC has developed one of the world's largest hydrogen project pipelines, but most developments are still struggling to reach final investment decision (FID), according to the Energy Industries Council (EIC) Asia Pacific Hydrogen Report 2026.

1 mins

Markets lose $50bn worth of crude due to US-Iran war

THE nearly two-month conflict involving the US, Israel and Iran has severely disrupted global energy markets, wiping out tens of billions in oil output and creating one of the largest supply shocks in modern history.

1 mins

Galkynysh gas expansion begins

TURKMENISTAN and China have begun expansion works at the giant Galkynysh gas field, one of the world's largest.

1 mins

Spain 'off track' for net-zero goals

DNV'S analysis shows Spain is progressing in its energy transition but remains 'off track' for its climate targets and full decarbonisation.

1 mins

Energy demand growth slows to 1.3pc in 2025

GLOBAL energy demand growth slowed to 1.3 per cent in 2025, slightly below the previous decade's average and significantly lower than 2024 levels, according to the International Energy Agency's (IEA) Global Energy Review.

1 mins

Global wind installations reach new high in 2025

GLOBAL wind capacity reached 1,299 GW by the end of 2025, with 138 countries generating power from wind, according to the Global Wind Energy Council (GWEC) 2026 Global Wind Report.

1 mins

Namibia expands energy investment

SINTANA Energy's planned secondary listing on the Namibia Securities Exchange signals growing financial maturity in Namibia's oil and gas sector.

1 mins

Africa's economic stability tested by Mideast tensions

A NEW policy report warns that the ongoing crisis in the Middle East is significantly affecting global economic stability, with African countries expected to see growth decline by up to 0.2 per cent.

2 mins

Gabon attracts energy investors

GABON is becoming a major upstream investment hub, with strong interest in deepwater exploration, new discoveries, and production.

1 mins

AFC funds solar project

AFRICA Finance Corporation (AFC) reached financial close and disbursed €43 million ($50 million) under €65 million dual-currency euros and CFA francs (EUR/XOF) green bond, first project finance green bond in Côte d'Ivoire and West African Economic and Monetary Union.

1 mins

TotalEnergies expands Congo offshore output

TOTALENERGIES has announced a new hydrocarbon discovery on the Moho license offshore of Congo, reinforcing the country's ambition to reach 500,000 barrels per day (bpd) in oil production.

1 mins

Oil price volatility cutting into mining profits

THE sharp rise in crude prices is a concern for African mining operations as this volatility directly increases costs, especially for off grid sites reliant on diesel generation.

1 mins

O&G industry to explore Al driven transformation

THE AI in Oil & Gas Conference & Exhibition 2026 will spotlight the transformative impact of artificial intelligence, machine learning, automation, robotics, and advanced analytics across upstream, midstream, and downstream oil and gas operations.

1 mins

AixEnergy to drive Al, energy collaboration

AIXENERGY 2026 will place the future of artificial intelligence (AI) and energy systems on the same stage, bringing together the people and infrastructure shaping how the digital world is powered.

1 mins

Mining forum to spotlight Egypt's exploration potential

CAIRO will take centre stage this September as global mining leaders gather for Egypt Mining Forum 2026, an event that aims to accelerate the region's transformation into a world-class mining destination.

1 mins

AIAC West Africa to discuss energy operations

As West Africa's energy sector accelerates digital transformation, the need for safer, smarter, and more resilient operations has never been greater.

1 mins

All-Energy 2026 returns to Glasgow for 25th edition

ALL-ENERGY 2026, the UK's low carbon energy and renewables exhibition and conference, will return to the SEC Glasgow from May 13-14 for its 25th edition.

1 mins

Vision Golfe to advance France-GCC trade ties

As global trade routes and investment patterns shift under the pressure of geopolitical tensions, energy transition demands, and rising technological competition, France and the Gulf Cooperation Council (GCC) will convene in Paris on June 18-19 for Vision Golfe, a high level forum dedicated to strengthening economic, industrial, and strategic cooperation between the two regions.

1 mins

Global LNG leaders to converge in Louisiana

THE 22nd Americas LNG Summit and Exhibition returns amid global energy uncertainty, highlighting North American LNG's vital role in security and stability.

1 mins

GoSubsea, Envirent form offshore alliance

GoSubsea and Envirent, two Norwegian offshore companies, have formed a strategic partnership to combine technical expertise and expand service offerings.

1 mins

CB&I acquires Petrofac Asset Solutions

CB&l announced the completion of an asset sale agreement to acquire Petrofac's Asset Solutions business, a provider of operations, maintenance, wells and decommissioning services for onshore and offshore energy assets.

1 mins

Modutec takes majority stake in EOS Europe

MODUTEC has announced a majority investment in Aberdeen based EOS Europe, a specialist electrical services provider for the energy and marine sectors operating across the UK, US, and Norway.

1 mins