Saudi Aramco has made a significant move in its energy strategy by awarding a multi-billion-dollar contract to National Energy Services Reunited Corp. (NESR), a prominent US-listed oilfield services firm. This partnership aims to enhance the development of unconventional gas resources in Saudi Arabia, aligning with the Kingdom’s Vision 2030 initiative to diversify its energy portfolio….
The recent administration filing by Petrofac, a UK-based energy contractor, has raised concerns about the future of several significant oil and gas projects in the Gulf region. With a workforce of approximately 7,300 employees globally, the company’s financial struggles have intensified following the loss of a crucial contract, prompting questions about its ongoing operations in…
BYD is making waves in Japan’s kei car market with the introduction of the Racco, its first all-electric microcar tailored specifically for Japanese consumers. This new model aims to combine affordability with modern electric vehicle technology, offering a compelling option for urban drivers. Design and Features The Racco maintains the traditional kei car aesthetic with…
In the first nine months of 2025, NMDC Energy has demonstrated impressive financial performance, achieving a notable increase in revenue and net profit. The company’s strategic focus on expanding its operations internationally and executing a solid backlog has contributed to its growth. Financial Highlights NMDC Energy reported a 33% year-on-year increase in revenue, reaching Dh13…
Recent reports suggest that India may cease its purchases of Russian oil, a move that has implications for global crude supply and prices. This announcement, attributed to comments made by former U.S. President Donald Trump, has already influenced market dynamics, leading to an uptick in oil prices. Market Response to India’s Potential Decision As of…
Crescent Petroleum and Dana Gas have successfully initiated commercial gas sales from the KM250 expansion at the Khor Mor facility in Iraq’s Kurdistan Region. This significant project was completed eight months ahead of schedule, enhancing the region’s energy capacity and supporting its growing demand for electricity. Expansion Details The KM250 project, which represents a $1.1…
China is poised to significantly alter the electric vehicle (EV) market with a new regulation that mandates a minimum electric range for plug-in hybrid electric vehicles (PHEVs). Starting January 1, 2026, all PHEVs exported from China must achieve at least 100 kilometers of battery-only range. This move is expected to reshape the automotive industry both…
The global landscape of rare earth elements (REEs) has become increasingly contentious, particularly in the context of US-China relations. As both nations grapple with economic and strategic interests, the significance of these critical minerals has surged, prompting discussions about supply chains, tariffs, and national security. Understanding Rare Earth Elements Rare earth elements comprise a group…