Oil and gas

03/04/2021 Asalouyeh, Iran. A view of refinery No. 2 (Phases 2, 3) of the? South Pars Gas-Condensate field in Asalouyeh Seaport, north of the Persian? Gulf in Iran.The South Pars Gas-Condensate field, the world's largest natural gas field, is shared with Qatar (North Dome) (Photo by Saeid Arabzadeh / Middle East Images / Middle East Images via AFP) (Photo by SAEID ARABZADEH/Middle East Images /AFP via Getty Images)

Analysis

New nuclear deal is no silver bullet for Iran's untapped gas reserves

Iran has an estimated 32 trillion cubic meters of natural gas reserves, but it has been unable to exploit them under the weight of international sanctions.

In Bristol, reporting on regional business, climate change, AI, tech

Iranians ride their motorbike past a huge banner of former Iran Islamic Revolutionary Guard Corps (IRGC) Quds Force commander Qasem Soleimani ahead of the sixth anniversary of his assassination, in Tehran, Dec. 31, 2025.

Analysis

Why IRGC’s shadow empire is set to endure even as Iran’s economy spirals

With the ability to operate clandestinely, the Islamic Revolutionary Guard Corps wields significant power across Iran's most important sectors — insulating the organization from current economic turmoil, according to experts.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Platform Edith, the largest of Chevron's USA's offshore production platforms, is seen off the southern California coast, on Oct. 6, 2021.

Syria to develop first offshore oil, gas field with US’s Chevron, Qatar’s UCC

In 2013, Russian firm Soyuzneftegaz signed a deal to explore for oil and gas in Syrian waters, but the project was dropped two years later due to the civil war.

YASSER AL-ZAYYAT / AFP via Getty Images

Kuwait to open offshore oil, gas fields to foreign firms: What to know

The Gulf country and OPEC member has made significant oil and gas discoveries since 2023.

Latest News

How US-India trade deal could impact Mideast energy, trade routes

US President Donald Trump shakes hands with Indian Prime Minister Narendra Modi during a joint press conference in the East Room of the White House in Washington, on Feb. 13, 2025.

UAE’s MBZ reportedly cancels Japan visit amid US-Iran standoff: What to know

UAE President Sheikh Mohamed bin Zayed Al Nahyan arrives for a welcoming ceremony prior to talks with the Russian president at the Kremlin in Moscow, on Jan. 29, 2026.

United Arab Emirates

US-Iran tensions fan oil disruption fears as Gulf states confront retaliation risks

A general view of Saudi Aramco's Abqaiq oil processing plant on Sept. 20, 2019.

Oil climbs above $70 a barrel, hitting five-month high on Iran tensions

Old chemical barrels.

Participants attend the Abu Dhabi International Petroleum Exhibition and Conference, Abu Dhabi, Emirates, Nov. 11, 2019.

US, UAE sign clean energy partnership

The agreement unlocks $100 billion in financing.

Aramco exhibition section at the Misk Global Forum on innovation and technology held in the Saudi capital, Riyadh, on Nov. 13, 2019.

Saudi Aramco continues to reap big profits

The Saudi oil giant has been investing in futuristic technology as it benefits from high oil prices.

(From L to R) Moderator Joha Simpson, BBC world affairs editor broadcaster, author and columnist, UAE Energy Minister Suhail Al Mazrouei, Omani Oil and Gas Minister Mohamed Al Rumhi and Bahrain's Oil and Gas Affairs Minister Mohammed Bin Khalifa Al Khalifa sit on a panel during the Abu Dhabi International Petroleum Exhibition and Conference), Abu Dhabi, Emirates, Nov. 7, 2016.

UAE warns against underinvestment in oil, gas at Abu Dhabi conference

The Abu Dhabi International Petroleum Exhibition and Conference also features more focus on decarbonization and hydrogen.

Saudi Arabia's Minister of Energy Abdulaziz bin Salman.

Saudi Arabia criticizes Biden over oil reserve release

The US president recently announced that he would sell some emergency oil reserves in response to the Saudi-backed oil supply cut.

JALAA MAREY/AFP via Getty Images

Israel moves to reduce industrial greenhouse gas emissions

Ahead of the COP27 climate summit in Egypt next month, the Israeli government is focused on reducing greenhouse emissions within the industrial sector.

KHALED DESOUKI/AFP via Getty Images

How OPEC+ production cut will impact Egypt

Experts say the OPEC+ decision to cut oil production won't hit Egypt as hard as some other countries.

US President Joe Biden delivers remarks on energy.

Biden announces release of oil reserves following Saudi-backed oil cut

One analyst said the move will not elicit a reaction from Saudi Arabia, which is in a dispute with the Biden administration over the recent OPEC+ oil production decision.

Tunisians line up with their vehicles outside a gas station, Tunis, Tunisia, Oct. 13, 2022.

Fuel shortage, long queues anger Tunisians

Tunisians are growing angry amid successive crises, most recently a fuel shortage, while the government sits idle.

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan.

Putin’s 'gas hub’ plan aims to bolster Erdogan's image

Erdogan has accepted Putin’s offer to create a “gas hub” in northwest Turkey. But what is a gas hub? Is it workable? If realized, what impact would it have?

US National Security Council Coordinator for Strategic Communications John Kirby.

Breaking | Last Updated: October 13, 2022, 7:05 pm

Saudi Arabia's defense of OPEC+ cuts draws sharp US rebuke

The United States and Saudi Arabia are offering differing accounts of OPEC+'s decision to cut oil production.

A picture shows the headquarters of UAE's state oil company ADNOC in Dubai on July 27, 2022.

Abu Dhabi announces nearly $1 billion drilling contract

Oil and gas remain a major part of the Emirati economy, despite recent investments in renewable energy and green technology. The contract comes as the UAE gets ready to provide gas to Germany amid the war in Ukraine.

United Arab Emirates

United Nations peacekeeping vehicle drives to Naqura, the southernmost Lebanese town by the border with Israel.

Israeli PM acknowledges role of Biden, Macron in Lebanon maritime deal

Israel's Prime Minister Yair Lapid confirmed this evening publications in France over the significant role played by French President Emmanuel Macron in reaching the maritime agreement with Lebanon.