Attaqa Energy

[Attaqa] The world's largest liquid air energy storage plant has entered operation after being connected to the local grid in northwestern China, with power injection beginning on Friday, October 30, 2026, according to Attaqa. The platform said the grid connection would encourage greater reliance on renewable energy sources.

[Attaqa] Egypt's Petrojet, an engineering and contracting company, has won a $170 million contract to build an onshore gas pipeline as part of the development plan for Cyprus's Cronos field, according to the energy platform Attaqa. Attaqa said the award is part of a broader cross-border gas pipeline project costing billions of dollars and marks a key step in the project's development. The report did not disclose the contract duration, pipeline length or other project participants.

[Attaqa] The global petrochemicals sector is under pressure as the gap between production capacity and demand growth widens, weighing on companies' financial performance, according to Attaqa. The report said the sector's equity returns have lagged other global stocks over the past decade, while prices of basic and intermediate chemicals and polymers and company profit margins have declined, potentially prolonging a recovery in one of the main industrial sectors. China is at the center of the crisis, according to the report.

[Attaqa] Major oil companies recently reported strong earnings, but higher freight rates and tanker charter costs consumed part of those gains, according to Attaqa. Third-quarter results announced days ago by some of these companies showed varying effects from shipping developments caused by the continuing Hormuz Strait crisis, the report said. Those pressures may persist as earnings continue, according to Attaqa.

[Attaqa] Libya's Murzuq Basin is preparing to drill a new exploration well as part of plans by Poland's Orlen to complete its activities in the Libyan oil and gas sector, according to Attaqa. The work follows years of disruption caused by the security conditions in the country. The step is part of Libya's efforts to revive oil and gas exploration and tap the potential of its sedimentary basins, amid growing interest in resuming exploration programs.

[Attaqa] Iranian oil exports to small Chinese refineries have grown notably, driven by discounted prices that let these plants profit in a highly competitive fuel market, according to Attaqa. Independent refiners in China's Shandong province, known as "teapot" refineries, have become among the largest buyers of Iranian oil, receiving between 80% and 90% of the shipments, the report said.

[Attaqa] Global renewable fuel refinery capacity is expected to expand sharply by 2030, supported by growing demand for alternative fuels, according to a recent report reviewed by Attaqa's energy research unit. The report said worldwide annual capacity would rise from 11.716 billion gallons in 2025 to 35.359 billion gallons by 2030. It attributed the increase to the growing importance of renewable fuel refineries in the energy transition.

[Attaqa] Proposed US nuclear park projects face labor shortages and supply-chain constraints, according to a recent report seen by Attaqa's energy research unit. The report said 62% of companies operating in the nuclear sector have difficulty recruiting the personnel they need. A medium scenario for growth in US nuclear activity assumes an increase in the number of nuclear workers, the report also said.

[Attaqa] Saudi Arabia and the United Arab Emirates led renewable energy investment activity in October 2026, with solar projects topping the month's largest deals, according to a monthly report by Attaqa, a Washington-based energy platform. The report said the month also featured large-scale financing in Egypt and new agreements in Lebanon and Australia, and that the biggest renewable energy deals of October 2026 showed a clear diversification in investment patterns.

[Attaqa] The world's top 10 natural gas liquids producers together pumped about 14.58 million barrels per day in 2025, up from 13.96 million bpd in 2024, according to a recent report cited by energy research unit Attaqa. Output from the 10 countries rose more than 4% in 2025, with a compound annual growth rate of 4.5% over the 2015-2025 decade, the report said. The United States topped the list, which also included five Arab countries, according to the report.

[Attaqa] Oil prices fell nearly 3.5% during trading on Monday, November 2, 2026, giving up part of last month's gains amid hopes for a political settlement to end the Iran war, according to Attaqa. The report said Iranian and Qatari officials held a third consecutive day of talks aimed at pushing toward an agreement to end the US-Israeli war on Iran.

[Attaqa] China's list of top ammonia importers in 2026 shows Asian countries rising to the front of the buyer rankings, with two Arab states also appearing among the leading destinations, in a shift from last year's order, according to Attaqa. In the first nine months of the year, 10 countries accounted for about 99.6% of China's ammonia exports of 1.04 million tonnes, the report said. South Korea and India topped the list of China's largest ammonia importers, according to Attaqa.

[Attaqa] The biggest oil deals of October 2026 showed varied activity across crude markets, ranging from purchases of Iraqi cargoes and expanded oil marketing to mergers in the Kurdistan region, Saudi supply storage agreements and new investments in African infrastructure, according to a monthly report by energy platform Attaqa. The deals were spread among global oil trading companies, the report said.

[Attaqa] Four tankers were targeted in the Strait of Hormuz within 48 hours, Attaqa reported, heightening concerns over the security of regional supply as the US-Iran war continues. According to Attaqa, one of the vessels, an LNG carrier transporting Qatari fuel to Pakistan, was attacked near the Strait of Hormuz. The report said Pakistan had previously negotiated on the matter but did not provide further details.

[Attaqa] Abu Dhabi National Oil Company (ADNOC) is moving ahead with plans to expand its underground crude oil storage facility in Fujairah, according to Attaqa, as efforts to secure reliable supplies intensify amid continuing geopolitical tensions. The project to expand what Attaqa describes as the world's largest underground oil storage facility has returned to the fore. The report did not disclose the scale of the expansion, the investment amount or a timeline.

[Attaqa] Saudi Aramco has completed a new acquisition aimed at strengthening its presence in the artificial intelligence sector, part of the oil giant's push to expand its technology investments. According to a statement obtained by the specialized energy platform Attaqa, the deal is intended to enhance the Saudi company's capabilities in using advanced AI technologies and to leverage them to raise industrial operating efficiency and develop its global business. The deal includes Aramco's acquisition of ... (the source text omits the remainder at this point).

[Attaqa] Fuel prices in Morocco moved in divergent directions at the start of November 2026, contrary to expectations, according to Attaqa. Diesel prices headed higher while gasoline recorded a decline, with notable differences among fuel distribution companies in the local market. Attaqa said the moves came as the average global oil price rose, and that it monitored the start of the periodic price update.

[Attaqa] Concerns are rising that electricity supply to water agencies in Lebanon could be cut starting Monday, November 2, 2026, amid a continuing crisis over accumulated financial arrears owed by public institutions and the possibility of new measures against entities late in paying their bills, according to Attaqa. The concerns follow a decision by Electricité du Liban to halt supply, Attaqa reported.

[Attaqa] Saudi Arabia and six other countries in the OPEC+ alliance have settled on holding their oil production quotas through the end of 2026, according to a press statement obtained by the energy platform Attaqa. The seven countries decided to fix the required production level for September 2026 during December 2026, the statement said, amid uncertainty over whether supplies will arrive as geopolitical tensions persist.

[Attaqa] Demand for liquefied natural gas in maritime shipping is expected to rise 137% by 2035, with bunkering operations set to be the main growth driver, according to a report seen by Attaqa's energy research unit. Total marine LNG demand is projected to climb from 19 billion cubic metres in 2025 to 45 billion cubic metres by 2035, the report said.

[Attaqa] Germany's gas storage is entering the 2026-2027 winter season well below target levels, raising concerns about higher prices, according to Attaqa. The report said European energy markets face growing challenges amid disruptions to global supplies, with warnings that Germany may have to increase spot market purchases to offset the storage shortfall. The report referenced the filling rate of storage facilities without providing a specific figure.

[Attaqa] Curbing consumption of critical minerals has grown in importance in Europe as their use accelerates and supply chains concentrate in a limited number of countries outside the continent, according to a recent study reviewed by the energy research unit. The study said Europe relies on a limited set of critical minerals suppliers, threatening its long-term energy independence and exposing it to global supply chain disruption risks. It offered five recommendations.

[Attaqa] Argentina's state oil company YPF filed an application on Friday, October 30, 2026, seeking investment incentives, including tax and customs facilities, for its Bajo del Toro shale oil project in Vaca Muerta, according to Attaqa. The request falls under incentives offered by the Argentine state to encourage investment, the report said.

[Attaqa] Indian oil refiners are studying suitable crude purchasing options amid higher shipping costs caused by disrupted vessel traffic in the Strait of Hormuz, according to officials at the oil ministry. State-run Indian refining companies are increasingly moving toward buying crude on a cost, insurance and freight (CIF) basis instead of free on board (FOB), the officials said. The shift is part of efforts to diversify crude purchases.

[Attaqa] An armed group closed the main valve of the Hamada oil pipeline in the Rayaïna area, cutting crude supplies to the Zawiya refinery, according to a statement by Libya's National Oil Corporation. The pipeline links the Hamada fields, and the closure targets one of the country's key crude transport routes, the NOC said, threatening fuel supplies in the country.

[Attaqa] Egypt has bought six high-sulphur fuel oil cargoes for delivery in November and December 2026, according to Attaqa, a step taken as liquefied natural gas import costs rise and the country leans more on alternative fuels to meet electricity demand. Citing data it reviewed, Attaqa said the Egyptian General Petroleum Corporation purchased the cargoes through a recent tender.

[Attaqa] Saudi Aramco and Algeria's Sonatrach raised their official selling prices for liquefied petroleum gas (LPG) for November 2026 shipments by varying margins versus October levels, with increases reaching as much as 40%, according to Attaqa. The energy platform said the price moves came amid higher crude oil prices and rising fuel demand in global markets.

[Attaqa] Exxon Mobil's third-quarter 2026 results showed net profit rising more than 104% year on year to above $15 billion for July through September, according to the company's quarterly report cited by Attaqa. The profit jump was supported by growth in its US refining activity, allowing it to capture higher prices and supply shortages alongside rising global demand, the report said.

[Attaqa] Chevron posted strong third-quarter 2026 results, with net profit jumping 180% year on year, according to Attaqa, citing the company's quarterly report released on Friday, October 30. The increase was supported by higher refinery capacity, which the company used to capture elevated oil, gas and fuel prices during the three months from July through the end of September. The US company focused during the quarter on... (source text truncated at this point).

[Attaqa] Norway's Equinor and DNO have updated the resource estimate for an 18-year-old gas and condensate discovery, based on results from an appraisal well, according to details obtained by energy platform Attaqa. Both companies confirmed that recoverable resources at the Afrodite discovery have been raised to more than double the previous estimate. The report did not fully disclose the location of the discovery or the specific resource range.

[Attaqa] Egyptian gold prices fell by about 20 Egyptian pounds ($0.36) in early trading on Friday, October 30, 2026, extending losses for a second straight session, according to Attaqa. The 21-karat gram, the most traded in the Egyptian market, was quoted at 6,325 Egyptian pounds. The report said the decline came alongside a pullback in global gold prices and a stable Egyptian pound against the dollar, with official banks closed for the holiday.

[Attaqa] Egypt announced an oil discovery in the Eastern Desert, a step that could support efforts to boost the country's hydrocarbon reserves, raise output and cut its import bill, according to Attaqa. Petronvertity achieved positive results at the Lorcan-6 exploration well in the North Bayt al-Zayt area of Jabal al-Zayt in the Eastern Desert, according to a statement seen by Attaqa, after recording test production rates. The statement did not disclose the specific output figures.

[Attaqa] BP's third-quarter 2026 results showed profit surging nearly 283% year on year, exceeding market expectations, according to a report by energy platform Attaqa. In the three months from July through the end of September, the British oil company's earnings jumped as energy firms continued to benefit from global developments and market volatility and from persistently high oil and gas prices, according to the company's third-quarter financial and operational report released on Friday, October 30.

[Attaqa] The UAE Ministry of Energy and Infrastructure will showcase the country's energy sector priorities and strategic plans during its participation in the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2026), according to a ministry statement. The statement said the participation covers policies for diversifying the energy mix, meeting rising electricity demand and raising consumption efficiency, alongside highlighting cooperation and investment opportunities in energy projects.

[Attaqa] Qatar's share of the US LNG market has approached 20 million tonnes per year, driven by expanding investments and long-term agreements in the United States that combine purchases of gas cargoes with production stakes in US export projects, according to Attaqa. QatarEnergy strengthened its presence in the US gas market by signing new purchase agreements in October 2026, part of its efforts to diversify supply sources.

[Attaqa] Gold prices fell nearly $35 during trading on Friday, October 30, 2026, extending losses for a third straight session amid concerns over rising inflation, according to Attaqa. The report said higher oil prices and strong US inflation data reinforced expectations that the Federal Reserve could raise interest rates again later this year.

[Attaqa] Oil prices rose more than 1% in Friday trading on October 30, 2026, recouping losses from the previous session amid concerns over continued supply disruptions, according to Attaqa. Crude prices were heading for a fourth straight monthly gain, the report said, as an attack on an oil tanker in the Strait of Hormuz highlighted persistent risks to supply. Brent's December contract traded above $116, according to Attaqa.

[Attaqa] Battery energy storage systems are an important factor in maintaining grid stability and countering disruptions caused by the growth of artificial intelligence data centers, according to a report reviewed by the energy platform Attaqa. Utility-scale storage capacity in the United States has recorded notable growth, with battery storage capacity expanding at an average annual rate of ... (the source figure is incomplete), the report said.

[Attaqa] The maritime shipping sector is focusing on who makes carbon-emissions decisions and who controls the data behind them, as shipowners seek to comply with regulations aimed at cutting emissions, according to Attaqa. With the EU Emissions Trading System fully applied to shipping and the EU's FuelEU Maritime rules tightening, carbon has become a core cost item, the report said. The questions over decision-making and data ownership have raised concerns about penalties, according to the report.

[Attaqa] Four Arab countries supplied more than 40% of India's liquefied natural gas imports in the first nine months of 2026, with their share at 41%, according to data from the Washington-based energy research unit. That share was below the 68% recorded in the corresponding period of 2025. The data also showed that India's total LNG imports from those countries... (source text ends here).

[Attaqa] Ardent Underground, a company specialising in infrastructure, has obtained a US patent for an underground hydrogen storage system with a capacity of 150 tonnes, according to a press release obtained by the Attaqa energy platform. The company said the innovative solution would support the growing global push to cut emissions. The release did not disclose the patent number, technical details or a commercialisation timeline.

[Attaqa] UAE's Masdar is moving ahead with its expansion plans in Europe, drawing on the strong operations and broad experience of its Greek arm TERNA Energy, according to Attaqa. The Gulf renewable energy company sees TERNA Energy as a main pillar of its development plans in southeastern and central Europe, aiming to boost investment on the continent and support expansion as it closes in on a 100-gigawatt target.

[Attaqa] Tunisia's oil and gas production continued to decline, dragging down its energy independence index, while electricity output kept rising, according to recent figures obtained by Attaqa's energy research unit. The energy independence index — the share of domestic demand covered by available supplies — fell to 32% from the start of the year through the end of August, compared with 36% a year earlier, the figures showed.

[Attaqa] The Middle East and North Africa region ranked first among TotalEnergies' geographic zones for oil and gas production in the third quarter of 2026, according to Attaqa. The French energy major's output reached about 2.474 million barrels of oil equivalent per day in the quarter, with the region alone accounting for nearly one-third, Attaqa reported, citing the company's quarterly financial and operational performance report issued on Thursday.

[Attaqa] Announced new US data center capacity reached about 54 gigawatts in the second quarter of 2026, up 29%, according to a report seen by Attaqa's energy research unit, as construction activity intensified and future project plans expanded, returning announced capacity to growth. Local opposition to data center projects also escalated in the same period, according to the report.

[Attaqa] UK electricity bills have risen markedly due to net-zero policies, increasing the financial burden on households and companies in the country, according to an article published by the Attaqa platform. The net-zero path added £140.3 billion ($186.9 billion) to UK electricity bills between 2002 and 2024, based on estimates using 2024 prices, the article said.

[Attaqa] Water consumption at data centers is drawing attention as scientific assessments warn of worsening water-footprint and social challenges tied to artificial intelligence, according to Attaqa. A study from the University of California, reviewed by Attaqa's energy research unit, found that a hyperscale data center may consume between 1 million and 5 million gallons of water per day, equivalent to about 3.7 million to 19 million liters.

[Attaqa] Algeria's natural resource management faces a gap between legal texts and conditions on the ground, according to an Attaqa article. The laws exist and targets have been announced, but the distance between the text and the field remains, the article said. It argued that protecting natural resources in Algeria, a country the size of a continent, requires tools that act before violations occur rather than pursuing them afterward. The article also said Algeria's wealth is habitually reduced to hydrocarbons and mines, as if only what lies underground deserved to be called wealth, while the country's natural assets extend beyond that.

[Attaqa] Norway's Equinor and Aker BP have signed an exploration and development deal aimed at developing hard-to-recover oil and gas discoveries on the Norwegian continental shelf, according to energy platform Attaqa. The two companies will work together to accelerate development of tight rock reservoirs and raise recovery rates from hydrocarbon resources on the shelf, the report said. The report cited 2.8 billion barrels of oil equivalent in connection with the deal.

[Attaqa] Ethiopia plans to build its first nuclear power plant in cooperation with Russia, according to Attaqa, as part of efforts to diversify electricity sources and meet rising demand amid expanding industrial and economic activity. Ethiopian Prime Minister Abiy Ahmed said the project will be implemented in line with International Atomic Energy Agency standards, with Russia and Ethiopia continuing to coordinate on developing nuclear cooperation. The report said the project could draw on water from the Nile River.

[Attaqa] The Syria-Turkey electricity interconnection project has moved into the technical arrangements needed to begin operation after rehabilitation work on a main power transmission line between the two countries was completed, according to Attaqa. The project targets a capacity of 500 megawatts. Attaqa said the development is part of efforts to strengthen electricity supplies to Syria, with work continuing.

[Attaqa] Abu Dhabi Future Energy Company (Masdar) said construction has begun on what is set to be Southeast Asia's largest floating solar plant, a 200-megawatt project in Malaysia expected to come online in 2028. According to Masdar, the project is being carried out with two Malaysian companies after financing arrangements were completed and a long-term agreement was signed. The statement was obtained by the specialised energy platform.

[Attaqa] DeepOcean has won a contract from Tullow Ghana Ltd to install subsea pipelines at the Jubilee oil field in Ghana, according to a press release obtained by energy platform Attaqa. The field's developer said the work aims to raise output and extend the field's lifespan, helping to ensure reliable crude supplies. The release did not disclose the contract value, pipeline length or construction timeline.

[Attaqa] Saudi Arabia's crude selling prices to Asian markets are expected to hold steady in December 2026, according to a survey cited by energy platform Attaqa. The survey indicated that Saudi Arabia may keep the official selling price for December-loading Arab crude at the discount level announced for November, amid ample Middle East crude supply and weaker spot premiums.

[Attaqa] QatarEnergy has signed a long-term agreement with Woodside Energy to buy 3 million tonnes per annum of US liquefied natural gas from the Louisiana LNG project under construction on the US Gulf Coast, according to Attaqa. Deliveries are set to begin in 2030 and run for 20 years, subject to the delivery terms of the deal, the report said. Attaqa described the agreement as QatarEnergy's second major US LNG purchase deal within a week.

[Attaqa] Saudi Cable Company, a producer of high-voltage wires, reported a 50% drop in third-quarter 2026 profit, according to Attaqa. The company attributed the decline to higher costs and rising raw material prices, as well as geopolitical challenges that affected transportation and logistics services. Net profit fell in the July-to-September period, according to the report, which did not disclose the figure.

[Attaqa] Gold prices in Egypt fell by about EGP 40 at the start of trading on Thursday, October 29, 2026, giving back part of the gains made over the previous four sessions, according to Attaqa. The 21-karat gram, the most traded in the Egyptian market, was quoted at EGP 6,360. The report cited a decline in global gold prices and an improvement in the Egyptian pound's exchange rate against the dollar.

[Attaqa] Egypt is preparing to carry out the largest multi-stage hydraulic fracturing operation in its oil sector, supporting efforts to raise oil and gas output, meet growing domestic demand and cut the import bill. According to a statement obtained by Attaqa, Badr El-Din Petroleum Company will conduct the operation at the Al-Abyad H18 horizontal well in the Western Desert, part of efforts to improve the efficiency of existing wells and boost capacity.

[Attaqa] TotalEnergies reported a 124% increase in net profit for the third quarter of 2026, covering July through the end of September, according to the French energy major's quarterly report released on Thursday, October 29. The company said the profit growth came amid continued global geopolitical pressures and a possible scenario of a renewed US-Israeli war on Iran.

[Attaqa] Saudi Arabia's Adis Holding said it has doubled its capital to SAR2.26 billion ($602 million) after its extraordinary general assembly approved the increase, according to a statement seen by the Attaqa energy platform. Adis, one of the world's leading oil and gas field services companies, said the move is aimed at supporting its growth and expansion plans domestically and internationally. The company's shares rose 2% following the announcement.

[Attaqa] Shell reported a net profit of $10.81 billion for July to September 2026, its highest since 2022, according to Attaqa. The report said the result was driven by higher energy prices amid the US-Israeli war on Iran and the resulting supply disruptions, with rising natural gas prices also providing support.

[Attaqa] Borouge reported a 63% year-on-year decline in third-quarter 2026 net profit, according to Attaqa. The company attributed the drop to regional turmoil, higher shipping and logistics costs and lower polyolefin prices. Borouge is one of the leading petrochemical companies providing innovative and diversified polyolefin solutions.

[Attaqa] Gold prices fell nearly $16 during trading on Thursday, October 29, 2026, extending losses for a second straight session as the US dollar index rose, according to Attaqa. Investors are assessing signals from the Federal Reserve and its Chair Kevin Warsh after policymakers left interest rates unchanged. Markets are also awaiting key US inflation data.

[Attaqa] Oil prices fell about 1.5% during trading on Thursday, October 29, 2026, giving up gains from the previous session as markets watched developments in the Middle East, according to Attaqa. Hopes for peace talks eased renewed concerns over Middle East supply disruptions caused by escalating regional conflict. The report said U.S. Vice President JD Vance was pursuing related efforts. The December Brent crude contract traded below $114 a barrel.

[Attaqa] East Asian countries are expected to bear lower costs than their European counterparts for importing liquefied natural gas in 2026, according to a recent report reviewed by the energy research unit. The report attributed the gap to the reliance structure of the countries concerned. The Iran war has revived debate over long-term LNG contracts and their cross-regional pricing terms, with importing countries in Europe and Asia bearing uneven costs amid higher prices.

[Attaqa] A large wind power project under way in Canada is drawing attention from decision-makers in the country's renewable energy sector because of its critical role in powering a neighboring project aimed at producing green hydrogen, according to Attaqa. The Ocean Lake wind project, located in Guysborough County in northeastern Nova Scotia, is proceeding as planned. The wind project is designed to operate for 35 years, the report said.

[Attaqa] Fuel prices in five Arab states are bracing for fresh movements in the coming hours as November 2026 pricing announcements approach, according to a survey by energy platform Attaqa published on October 28, 2026. The countries preparing to review gasoline and diesel prices are the UAE, Jordan, Qatar, Palestine and Morocco, the platform said, with expectations of possible increases driven by higher global oil prices.

[Attaqa] A British company is seeking to explore underground hydrogen and helium reserves in a project described as one of the most promising onshore areas beneath salt layers in Australia, according to a press release obtained by Attaqa. The Hussar project in Western Australia faced obstacles in moving a drilling rig to the site because roads remained closed due to weather conditions. The project involves 600 billion cubic feet of hydrogen and helium reserves.

[Attaqa] The 10 largest Arab importers of Chinese solar panels took in a combined capacity of about 1.56 GW in August 2026, down from prior levels, according to data from a Washington-based energy research unit. Saudi Arabia, the UAE and Egypt continued to lead the list in August, while most countries in the region saw weaker import performance, the unit said.

[Attaqa] Global battery storage additions are expected to hit record levels in 2026 and 2027, with worldwide additions potentially rising 45% in 2026, according to a recent report seen by Attaqa's energy research unit. The report said global battery storage installations have grown rapidly since 2022, led by China, the United States and Germany, while other countries outside the main markets are accelerating deployment, with India expected to add new storage capacity in 2026.

[Attaqa] A gas supply gap is weighing on markets in Asia and Europe amid continued geopolitical tensions, pointing to a shortfall in local inventories during the current winter, according to Attaqa. Germany faces a gas supply gap of up to 26 terawatt-hours this winter, driven by shrinking global LNG supply, longer shipping routes and lower European storage levels, Attaqa reported.

[Attaqa] Attention is turning to the Caspian Sea region as a potential new energy silk road, as the Iran war pushes energy security to the top of government agendas, according to Attaqa. With importing countries seeking to diversify oil and gas sources, Azerbaijan, Kazakhstan and Turkmenistan stand out as geopolitically stable states in the region, the report said, adding that these countries have an opportunity to cooperate and strengthen the region's role as a reliable supplier.

[Attaqa] India and Japan have signed a five-year green ammonia export agreement, opening a new route for India into clean fuel markets, Attaqa reported. According to the report, the deal is part of both countries' efforts to cut carbon emissions and develop ammonia as a marine fuel. Citing official data, Attaqa said the agreement comes as Indian investment in green ammonia production accelerates, while Japan seeks to diversify its energy supplies.

[Attaqa] Three international companies are nearing victory in an Indian liquefied petroleum gas (LPG) tender, a large deal aimed at securing about 2.75 million tonnes of supply during 2027, according to Attaqa. The tender comes as India seeks to boost its purchases from the United States, amid the continued fallout from the Iran war on energy trade flows, the platform said.

[Attaqa] UAE clean-energy firm Masdar, also known as Abu Dhabi Future Energy Company, is studying renewable energy investments in New Zealand worth up to NZ$1 billion (about $562 million), according to Attaqa. The company said the move is aimed at entering new markets and expanding its global portfolio, supporting its target of 100 gigawatts of clean power capacity by 2030.

[Attaqa] UBS raised its oil price forecasts through the third quarter of 2027 in a recent report, according to a copy obtained by the Attaqa energy platform. The Swiss investment bank said oil prices are expected to remain elevated in the coming months amid continued volatility in Middle East supply and persistent geopolitical uncertainty. The report did not disclose specific price levels.

[Attaqa] European gas prices rose to their highest level in more than four years during Wednesday's trading on October 28, 2026, surpassing $110 per megawatt-hour, according to Attaqa. The gains came as concerns mounted over securing the continent's gas needs ahead of winter, with storage levels declining and heating demand expected to rise, Attaqa said.

[Attaqa] The Czech Republic, France and Germany are seeking to boost their imports of Algerian natural gas as they move to diversify supply sources and secure energy needs amid continued shifts in Europe's gas trade map, according to the energy platform Attaqa. The outlet said the three countries are pursuing different cooperation tracks, with Prague negotiating an increase in volumes. The developments were tracked by the Washington-based platform.

[Attaqa] Egypt issued official decisions on Wednesday, October 28, 2026, approving power purchases from two companies under two wind projects with a combined capacity of 1.8 gigawatts in the Ras Shukeir and Gulf of Suez areas of Red Sea governorate, with a 25-year purchase term, according to Attaqa. The cabinet approved granting the golden licence to Shadwan Wind Energy and Shukeir Wind Energy to implement the two projects.

[Attaqa] The Philippines is negotiating with three Arab countries to establish oil stockpiles on its territory, according to Attaqa, in a move aimed at strengthening the country's oil storage capacity and protecting energy supplies from global market disruptions. The report said the effort comes amid the fallout from the Iran war, higher fuel prices and concerns that the Asian nation's power sector could come under pressure.

[Attaqa] US crude oil inventories fell by 1.9 million barrels in the week ended Oct. 23, 2026, bringing the total to 410.6 million barrels, according to a recent report reviewed by the energy research unit. The decline exceeded analysts' expectations and marked a fourth consecutive weekly drop, while gasoline and distillate inventories showed mixed performance.

[Attaqa] A giant Mediterranean gas field has seen fresh progress as development and first production move at an accelerated pace, according to information obtained by the energy platform Attaqa. US oilfield technology and services company Baker Hughes won a contract for production systems and services at the Kronos gas field in Cyprus. The company withheld the contract's value and duration but described it as significant.

[Attaqa] Singapore's Seatrium has won a contract from Turkey's Karpowership covering the conversion and integration of five floating power generation ships, according to a press statement obtained by energy platform Attaqa. The statement said the vessels are capable of operating on hydrogen fuel, supporting efforts to provide reliable and sustainable energy solutions to meet growing global electricity demand. The statement did not disclose the contract value or delivery timeline.

[Attaqa] Oman's Abraj Energy Services has secured a new contract from Petroleum Development Oman (PDO), part of two five-year well-maintenance platform services agreements aimed at fleet renewal and higher operational efficiency, according to information seen by Attaqa. The two agreements cover 15 well-maintenance platforms, with 9 allocated to Abraj and 6 to another contractor, Attaqa reported.

[Attaqa] Egyptian gold prices fell about EGP10 ($0.18) during Tuesday's trading on October 27, 2026, giving back part of the gains made over the previous two days, according to Attaqa. The gram of 21-karat gold, the most traded in the Egyptian market, was quoted at EGP6,325. The report said the decline came alongside a drop in global gold prices, while the Egyptian pound held steady against the dollar at official banks.

[Attaqa] Sharjah National Oil Corporation (SNOC) said its natural gas output has doubled after completing the first phase of development at the Hudaybah gas and condensate field, according to a company statement. The company said the main works needed to start production at the field have been completed, boosting energy supplies in the emirate of Sharjah.

[Attaqa] UAE-based NMDC Energy, formerly National Marine Dredging Company, reported a net profit of AED420 million ($114.36 million) for the first nine months of 2026, according to figures obtained by Attaqa. Revenue rose 9% year on year over the same period as the company continued to execute projects in domestic and international markets, Attaqa reported.

[Attaqa] Saudi methanol chemicals company Kimanol reported a net loss of about $32.79 million in the first nine months of 2026, according to results reviewed by the Attaqa energy platform, as operating pressures persisted and shipping, transport and insurance costs rose, though the loss narrowed from the same period a year earlier. The net loss stood at 122.96 million riyals for the period.

[Attaqa] Saudi Arabia's Ades has signed an agreement to operate a jack-up drilling rig in Indonesia, according to Attaqa, extending its push into Southeast Asia's offshore drilling market. The deal concerns the offshore rig "Shelf Drilling Perseverance" and adds a new client to the company's customer base while supporting its international operations, the report said. Contract value, duration and the counterparty were not disclosed.

[Attaqa] ADNOC Drilling reported a net profit of about $1.07 billion for the first nine months of 2026, according to Attaqa, with both revenue and net profit rising. The company attributed the growth to increased drilling and oilfield services activity and regional expansion, according to the financial data cited by Attaqa.

[Attaqa] Oil prices fell 1% during trading on Tuesday, October 27, 2026, extending losses for a second consecutive session amid moves to ease geopolitical tensions in the Middle East, according to Attaqa. The report said prospects of a resolution to the US-Israeli war on Iran, alongside ongoing talks in Tehran, eased supply concerns, even as Houthi attacks on Saudi Arabia resumed. The Brent December contract traded below $115.

[Attaqa] Gold prices fell more than $18 during trading on Tuesday, October 27, 2026, giving up most of the gains made in the previous session as the US dollar index rose, according to Attaqa. Investors are looking to the Federal Reserve's monetary policy meeting for fresh guidance on the interest rate outlook. The report also noted recent gains in oil prices.

[Attaqa] Norway's DOF group said its vessel Skandi Acergy has won a contract for deepwater oil and gas exploration in Africa, according to an update obtained by energy platform Attaqa. The vessel is an 18-year-old offshore support and construction ship, and DOF said work is set to begin in early 2027. According to the report, the company did not clearly disclose further details of the contract.

[Attaqa] Bahrain's natural gas output rose 2.5% month on month in August to 1.999 billion cubic metres, approaching the 2 bcm level for the first time since the start of 2026, according to data obtained by the Washington-based energy research unit. Output remained lower year on year.

[Attaqa] UAE oil product exports fell 55% year on year to 669,000 barrels per day in the first nine months of 2026, down from about 1.47 million b/d a year earlier, according to data from the Washington-based energy research unit. Four Asian countries absorbed a third of those exports during the period, while one Arab country appeared among the top 10 importers.

[Attaqa] Oman's liquefied natural gas exports to China rose 81% in the first nine months of 2026, according to data from the Washington-based energy research unit, as supplier performance diverged amid disruptions in the Strait of Hormuz. Exports to China from Qatar fell 67% and from the UAE dropped 31% over the same period, while Russia, Malaysia and Canada also benefited alongside Oman, the data showed.

[Attaqa] Parties involved plan to study the development of a hot-brick thermal battery in an effort to secure alternatives to fossil fuels for some energy-intensive industries, according to Attaqa. The project is based on storing heat rather than electricity in the battery, then using that heat to produce steam needed for some processes at an alumina refinery in Australia. According to the report, if the development plan succeeds, the project could be described as one of the largest examples of electrification.

[Attaqa] Turkey's plastic waste sector faces recycling challenges with significant climate implications as the country's imports of such waste increase, according to Attaqa. The report said Turkey is the main destination for plastic waste exports from Europe and is set to host the COP31 climate summit in 2026. It said the European Union and the United Kingdom sent large volumes of plastic waste to Turkey last year, without giving a specific figure in the summary.

[Attaqa] Dutch hydrogen technology company Resato Hydrogen Technology has declared bankruptcy after failing to secure enough new customer orders on the required timetable, according to a report by energy platform Attaqa. The company operates in hydrogen refuelling stations. The report said the bankruptcy points to the obstacles facing the rollout of high-cost hydrogen fuel.

[Attaqa] Debate over carbon-neutrality policy in the UK is intensifying, with questions over whether the measures serve the country's national interest, according to an Attaqa report citing a Daily Telegraph editorial. Some political groups in Britain, including figures in the Conservative Party, argue that strict climate targets are being imposed at the expense of immediate national priorities, the report said. It did not provide specific policy figures or a timeline.

[Attaqa] Saudi Aramco has awarded five strategic offshore operations contracts with a combined value of up to $2.5 billion, covering a number of oil and gas fields in the kingdom, according to Attaqa. The five contracts, for maintenance and development work at existing offshore facilities, were awarded to two leading international contractors, the report said. It did not name the contractors or give the contract terms.

[Attaqa] Thailand's PTT Exploration and Production (PTTEP) and Italy's Eni have established a new joint entity to manage their combined stakes in Abu Dhabi's large offshore Ghasha concession, according to Attaqa. The concession is described as the world's largest offshore sour gas project. According to the report, the move supports ongoing efforts to start production. The report did not disclose the ownership split, domicile or specific functions of the new entity.

[Attaqa] According to Attaqa, Algeria's largest solar power plant commenced operation on Monday, October 26, 2026, with a peak installed capacity of 300 megawatts. Algeria's Minister of Energy and Renewable Energies Mourad Adjali supervised the commissioning of the plant that day. The report stated that this project is a new step in the country's plan to expand clean electricity production and reduce dependence on fossil fuels. The above installed capacity and commissioning date come from official data.

[Attaqa] According to Saudi Navy sources, the Saudi Navy has received the "King Nahum" warship, which belongs to the second phase of the "Sarawat" project. The project aims to build a naval system centered on multi-purpose combat vessels, raise the level of naval readiness, and promote the localization of the military industry. According to a news statement obtained by the energy platform, the Spanish company Navantia held a launching ceremony for the ship on October 25, 2026, and this is the seventh vessel built by the company. The ship uses diesel fuel.

[Attaqa] Saudi Refining Company is developing a new low-carbon fuel production project with a target annual capacity of 400,000 tons, according to a report by the energy platform Attaqa. The report said the project brings the company's cooperation with an international partner back to the fore; a previous agreement between the two sides had expired without a binding plan for its implementation. The report did not disclose the project's investment value, specific location, commissioning timetable or the identity of the partner.

[Attaqa] Iraqi crude attracted a new Indian purchase deal covering 3 million barrels at a small discount, according to the energy platform Attaqa. Indian Oil Corporation bought the volume through a tender, with the cargoes to be delivered later, the report said. It did not disclose the transaction price, the size of the discount or the delivery timing. Attaqa said the move reflects continued demand from one of India's largest refiners for Middle East supply.

[Attaqa] Saudi seaborne crude and oil product exports exceeded 8.5 million barrels per day in the week to October 12, up from prior levels and back to pre-Iran war levels, according to data from a Washington-based energy research unit. Attaqa said Saudi oil exports have improved noticeably in recent weeks after the Iran war heavily affected supplies to regional countries.

[Attaqa] Drone strikes hit five power plants in Sudan on the morning of Monday, October 26, 2026, cutting electricity in the states of Sennar, Gedaref, White Nile and Gezira, according to Attaqa. The report said the strikes came as Ethiopia's electricity supply to Sudan remains suspended; Ethiopian power is one of Sudan's important external electricity sources. The report did not disclose the identity of the attackers or the extent of damage to the plants.