ARC Shareholders Approve Shell Acquisition

ARC Shareholders Approve Shell Acquisition

Canadian ARC Resources announced that its shareholders approved the company’s acquisition by Shell, according to a press release by ARC. Shell announced earlier this year it would buy the Canadian natural gas producer ...

Upstream gas contract awarded on Shell project in Iraq

Upstream gas contract awarded on Shell project in Iraq

AKT Oil Services Company is going to carry out engineering, procurement, and construction work 
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Revised US, Russia Sanctions Bill Sparks Tariff Concerns

Revised US, Russia Sanctions Bill Sparks Tariff Concerns

US senators have released a sanctions bill targeting Russia, lowering the proposed tariff to 100% from 500% in the previous version in an effort to secure broader congressional support, Reuters reported. However, Democr...

ASCOM Reports Surge in 2025 Revenues

ASCOM Reports Surge in 2025 Revenues

ASEC Company for Mining (ASCOM), a regional mining company, reported net profits in both its standalone and consolidated financial statements for the fiscal year ended December 31, 2025. According to the company’s fina...

ADES Secures SAR 858 Mn UK, Nigeria Drilling Contracts

ADES Secures SAR 858 Mn UK, Nigeria Drilling Contracts

ADES International Holding (ADES) secured two offshore drilling contracts in the UK North Sea and Nigeria, totaling approximately SAR 858.3 million ($228.56 million), according to a press release by the company. In the U...

Qatar seeks to establish new industrial area in Mesaieed

Qatar seeks to establish new industrial area in Mesaieed

QatarEnergy will potentially provide hydrocarbon feedstock to the proposed new medium industries area in Mesaieed Industrial City 
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Israel Finally Launches Fifth Offshore Bid Round

Israel has finally launched its fifth offshore licensing round (OBR5), almost five months after officials said the process would begin “within days” before plans were overtaken by Israel’s military campaign against...