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Rystad Energy’s market update from Jorge Leon, Senior Vice President and Head of Geopolitical Analysis.

15% of global oil demand and 20% of global LNG supply typically transits critical waterway.

In the early hours of 28 February, the US and Israel launched direct and extensive military operations inside Iran, in what appears to be a campaign broader in scope and intensity than the previous 12-day confrontation. Intercontinental Exchange (ICE) Brent crude oil prompt-month prices are expected to rise by US$20/bbl when trade opens on 2 March.

Marking a key milestone in the two companies’ strategic partnership.

UCC Holding and PIPECARE Group sign JV partnership at LNG2026 to establish Syria’s national platform for pipeline integrity and rehabilitation.

The project is part of efforts to strengthen bilateral oil cooperation and reportedly has US support.

Penspen marks record-breaking year in Middle East & Africa with US$400 million project wins and investment in local talent.

Initial order received under new long-term purchase agreement for up to 28 000 connected gas detectors with four year service.

Tekmar Group plc has announce the award of a contract to supply bespoke subsea infrastructure technology for a pipeline project via a major offshore EPC contractor operating in the Middle East.

The agreement was signed by Eng. Mansoor bin Ali Al Abdali, CEO of OQGN, and Mr. Pascal De Buck, Managing Director and CEO of Fluxys, at a ceremony held at the Mandarin Oriental Hotel, Muscat.