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Arab Energy Fund reports record income of $10.9bn in assets

The Arab Energy Fund a leading financial institution in the MENA energy sector has reported its highest-ever net income for the fiscal year ending December 31 2024. Total assets grew by 10.5% YoY to reach...

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French firms eye Gulf's $1.68bn smart grid by 2026

France will take center stage at Middle East Energy 2025 one of the region s influential trade events dedicated to the global energy industry from April 7 to 9 2025. With a French Fab pavilion hosting...

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OSW 2025 to lead talks on circular economy, climate action

Oman Sustainability Week (OSW) 2025 taking place from May 11-15 2025 will focus on Sustainable Growth Balancing Progress and Preservation. The event will bring together policymakers global industry leaders...

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Enoc Group saves $107m in energy efficiency over decade

The Enoc Group has achieved significant energy reduction through comprehensive Energy & Resource Management (E&RM) activities saving AED395 million ( 107 million) in total energy from 2014 to 2024 and...

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Masdar's 2024 spend hits $8bn; launches projects in 9 countries

Abu Dhabi Future Energy Company (Masdar) has reinforced its leadership in the global clean energy sector by deploying close to AED30 billion in equity investments and securing more than AED16.5 billion...

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ADQ, Energy Capital Partners to set up $25bn partnership

ADQ an active sovereign investor with a focus on critical infrastructure and global supply chains and Energy Capital Partners (ECP) the largest private owner of power generation and renewables in the USA...

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OPES 2025 to drive key energy, sustainability discussions

The Oman Petroleum & Energy Show (OPES) 2025 scheduled from May 12th to 14th at OCEC will focus on Navigating the energy transition through innovation in oil and gas . The event will feature an SPE Conference...

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Adnoc Drilling to accelerate AI-enabled expansion

Adnoc Drilling Company has announced that it remains committed to pursuing smart growth seizing new opportunities and maximising shareholder value over the long term. At its Annual General Meeting the...

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Emirates Group co-locates to largest solar-powered data centre

The Emirates Group has joined forces with Moro Hub a subsidiary of Digital DEWA for co-location services at the Mohammad Bin Rashid Al Maktoum Solar Park. Moro Hub is the world s largest solar-powered...

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Adnoc Distribution approves H2 2024 dividend of $700m

Adnoc Distribution the UAE s leading fuel and convenience retailer has announced shareholder approval of all agenda items at its Annual General Assembly Meeting (AGM) including the shareholder approval...

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GE Vernova completes first Saudi-led gas turbine maintenance project

GE Vernova an energy equipment manufacturing and services company said it has joined forces with Saudi Electricity Company (SEC) for the successful completion of the first gas turbine outage entirely planned...

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Adnoc Gas shareholders approve $3.41bn dividend for 2024

Adnoc Gas has confirmed shareholder approval at its Annual General Meeting (AGM) to distribute 3.41 billion in full-year dividends for 2024 including a final dividend payment of 1.706 billion scheduled...

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Wood launches energy transition centre in Abu Dhabi

Wood a global leader in consulting and engineering has announced the launch of a highly specialist centre for technical strategic and economic energy transition solutions in Abu Dhabi. The energy transition...

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Sipchem shuts down major petchem plant in Jubail

Sahara International Petrochemical (Sipchem) has announced the immediate suspension of production at its Ethyl Acetate plant in Jubail Industrial; until further notice. The decision approved by the company...

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Fabtech, Groupe M enter deal to offer products for nuclear energy sector

Fabtech Engineering a steel fabrication specialist based at Dubai Industrial City has entered a strategic agreement with French industrial leader Groupe M to accelerate innovation and sustainable development...

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Gulf Marine Services vessels win contract extensions

Gulf Marine Services (GMS) a leading provider of self-propelled self-elevating support vessels to the offshore energy industry has announced that two of its vessels have secured three-year contract extensions...

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