IMF, WTO, World Bank, IEA Flag Rising Energy Risks From Middle East War

• Monday, 1st June 2026
• by Doaa Ashraf

The heads of the International Monetary Fund (IMF), World Bank Group (WBG), World Trade Organization (WTO), and International Energy Agency (IEA) have warned that US-Israeli war on Iran is generating substantial and highly asymmetric impacts on energy supplies, food security, and economic activity across countries and regions. 
Following the institution's meeting on May 28, they released a joint statement stating: “While the global economy continues to show resilience, the effects of the conflict are disproportionately affecting the most vulnerable countries through higher fuel and fertilizer prices, increased uncertainty, and risks to jobs and livelihoods. Higher fertilizer prices are of particular concern as many countries enter the planting season.”

ADNOC Deploys Heavy-Duty Inspection Robot at Taweelah Gas Plant

• Sunday, 24th May 2026
• by Doaa Ashraf

Abu Dhabi National Oil Company (ADNOC) has deployed Taurob’s heavy-duty inspector robot at its Taweelah Gas Compression Plant, where it will conduct routine inspections in hazardous environments without putting people at risk, according to the company's release on May 21.

BOTAS, Edison Sign MoU to Explore Gas, LNG Cooperation

• Sunday, 24th May 2026
• by Fatma Ahmed

Türkiye’s state-owned energy company BOTAS has signed a memorandum of understanding (MoU) with Italy’s Edison to explore potential cooperation in natural gas and liquefied natural gas (LNG).

Saudi Arabia Faces Summer Power Crunch

• Thursday, 21st May 2026
• by Sarah Samir

Saudi Arabia to increase its reliance on imported fuel oil for power generation this summer, following a loss of natural gas supplies from oilfields shut down after the Iran war curtailed its oil exports, Analysts expect, according to Reuters.

US Energy Storage Jumps 32% to Q1 Record

• Thursday, 21st May 2026
• by Sarah Samir

US energy storage developers added 9.7 gigawatt-hours (GWh) of new capacity in the first quarter (Q1) of 2026, the highest level ever recorded for that period, with a 32% year-on-year (YoY) increase, Reuters said citing an industry report by the Solar Energy Industries Association (SEIA) and Benchmark Mineral Intelligence.

AVEVA, IMD Launch First Industrial Intelligence Report

• Thursday, 21st May 2026
• by Sarah Samir

Multilateral industrial software developer AVEVA and Swiss-based business school International Institute for Management Development (IMD) jointly launched the first-ever Industrial Intelligence Report on Digital Ecosystems at the AVEVA World 2026 summit. The global study reveals a major contradiction among corporate leadership: while 74% of senior executives consider connected digital ecosystems a top strategic priority, only 27% actually share data extensively with their partners, noted a press release by AVEVA.

AVEVA Unveils Industrial AI Deals With IFS, Snowflake, AWS at Milan Summit

• Wednesday, 20th May 2026
• by Sarah Samir

Global software leader AVEVA and the Swedish multinational software company Industrial and Financial Systems (IFS) announced a technology partnership to help industrial organizations connect operational intelligence, enterprise execution, and strategic capital planning.
AVEVA collaborated with Snowflake, the AI Data Cloud company, to unify, govern, and activate data across information technology (IT) and operational technology (OT) environments.
Additionally, AVEVA and Amazon Web Services (AWS) executed a multi-year Strategic Collaboration Agreement (SCA) to accelerate cloud-based industrial intelligence delivery.

Energean Lowers Production Guidance in 2026, Dividend Amid Israel Disruptions

• Wednesday, 20th May 2026
• by Fatma Ahmed

Energean lowered its 2026 production guidance and reduced its dividend after a 41-day suspension of operations in Israel weighed on its first-quarter performance. The company, which operates natural gas and oil assets across Israel, Greece, the UK and other Mediterranean regions, now expects full-year production of 130,000 to 140,000 barrels of oil equivalent per day (boe/d), down from its previous forecast of 140,000 to 150,000 boe/d. Its production outlook for Israel was also revised lower to 98,000–104,000 boe/d from 108,000–114,000 boe/d.

Halliburton Introduces Advanced Solution for Complex Reservoirs

• Tuesday, 19th May 2026
• by Fatma Ahmed

Halliburton has launched the Xaminer® Deep Testing logging service, the latest addition to its Reservoir Xaminer™ formation testing portfolio, aimed at enhancing early-stage reservoir evaluation and decision-making.

The Xaminer Deep Testing logging service allows operators, in a single run, to identify fluids and reservoir boundaries, assess connectivity, and evaluate overall reservoir potential ahead of full-scale testing.

US Waiver on Russian Oil Purchases Expires

• Sunday, 17th May 2026
• by Fatma Ahmed

The Trump administration allowed a sanctions waiver that had enabled countries, including India, to buy Russian seaborne crude, to lapse