MERYT Chemicals has achieved significant success in the Middle East by leveraging the extensive experience and expertise of MERYT Catalysts & Innovation from Spain. Their commitment to innovation and sustainability along with a deep understanding of the regional market has been instrumental. By continuously developing advanced technologies in catalysis and adsorption they meet the specific needs of clients in the refining and petrochemical industries. Strategic partnerships with local partners enhance their operational capabilities. The upcoming catalyst manufacturing plant in Dammam KSA through a joint venture with a local Saudi group of companies is set to significantly boost production capabilities and market presence. At EliteX we are proud to have MERYT Chemicals as part of 10 Best Companies in Middle East 2024. Quality and customer satisfaction are central to the operations at MERYT Chemicals. They employ rigorous quality control measures throughout their production processes and maintain close communication with clients to ensure their needs are met promptly and effectively. The technical support team provides comprehensive assistance from unit design to operators training ensuring products perform optimally in various industrial applications. The expertise and best practices from their Spanish operations provide a solid foundation for maintaining these high standards. One of the most significant milestones for MERYT Chemicals is the joint venture with a prominent local Saudi group of companies to establish a state-of-the-art catalyst manufacturing plant in Dammam. Additionally they are developing a cutting-edge Research Center for Catalysts in Dharan Techno Valley. These strategic investments not only demonstrate their commitment to innovation and excellence but also ensure they are closely aligned with the needs of customers in the Middle East. By enhancing their local presence they are better positioned to deliver tailored solutions and support to clients throughout the region. At MERYT Chemicals continuous innovation is a top priority. They invest in research and development and foster collaborations with leading universities and research institutions to stay at the forefront of technological advancements. The planned Research Center in Dharan Techno Valley will serve as a hub for cutting-edge research in catalysts allowing the development of new solutions that meet evolving market demands. They also focus on developing sustainable solutions that align with global environmental goals keeping them ahead of industry trends and responsive to market needs. Sustainability is a core value at MERYT Chemicals. They integrate environmentally respectful and eco-friendly production processes into their operations and ensure responsible sourcing of materials. These practices are guided by the sustainability initiatives developed by MERYT Catalysts & Innovation in Spain. Their comprehensive approach helps to minimize environmental impact while positively contributing to the communities they serve. MERYT Chemicals uses advanced ERP and CRM systems to enhance both their operations and customer experience. The ERP system facilitates seamless integration and real-time management of business processes while the CRM system helps maintain strong personalized relationships with clients. Their dedicated technical support team also plays a crucial role offering exceptional service to ensure prompt and effective assistance which contributes to overall customer satisfaction. Strategic partnerships are vital to MERYT Chemicals business model. Faced with diverse regulatory landscapes across the Middle East they have built strong local partnerships to navigate these complexities. Their presence in Abu Dhabi and collaboration with local entities have been key to adhering to regulations and standards. The most notable partnership is with a prominent Saudi group of companies essential for advancing the projects of a catalyst manufacturing plant in Dammam and a research center in Dharan Techno Valley. Collaborations across the Middle East allow MERYT Chemicals to leverage local expertise and effectively manage regional regulatory frameworks ensuring smooth operations throughout the region. Looking ahead MERYT Chemicals aims to expand its product portfolio to meet the growing demand for innovative and sustainable catalyst and adsorbent solutions in the Middle East. They are excited to announce the construction of a catalyst manufacturing plant in Dammam KSA through a joint venture with a renowned local Saudi group. Additionally they plan to build a research center for catalysts in Dharan Techno Valley which will serve as a hub for developing cutting-edge technologies. These initiatives are set to enhance production capabilities strengthen market presence and create new business opportunities in the region building on the extensive experience and expertise from MERYT Catalysts & Innovation in Spain.
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MERYT Chemicals has achieved significant success in the Middle East by leveraging the extensive experience and expertise of MERYT Catalysts & Innovation from Spain. Their commitment to innovation and sustainability along with a deep understanding of the regional market has been instrumental. By continuously developing advanced technologies in catalysis and adsorption they meet the specific needs of clients in the refining and petrochemical industries. Strategic partnerships with local partners enhance their operational capabilities. The upcoming catalyst manufacturing plant in Dammam KSA through a joint venture with a local Saudi group of companies is set to significantly boost production capabilities and market presence. At EliteX we are proud to have MERYT Chemicals as part of 10 Best Companies in Middle East 2024. Quality and customer satisfaction are central to the operations at MERYT Chemicals. They employ rigorous quality control measures throughout their production processes and maintain close communication with clients to ensure their needs are met promptly and effectively. The technical support team provides comprehensive assistance from unit design to operators training ensuring products perform optimally in various industrial applications. The expertise and best practices from their Spanish operations provide a solid foundation for maintaining these high standards. One of the most significant milestones for MERYT Chemicals is the joint venture with a prominent local Saudi group of companies to establish a state-of-the-art catalyst manufacturing plant in Dammam. Additionally they are developing a cutting-edge Research Center for Catalysts in Dharan Techno Valley. These strategic investments not only demonstrate their commitment to innovation and excellence but also ensure they are closely aligned with the needs of customers in the Middle East. By enhancing their local presence they are better positioned to deliver tailored solutions and support to clients throughout the region. At MERYT Chemicals continuous innovation is a top priority. They invest in research and development and foster collaborations with leading universities and research institutions to stay at the forefront of technological advancements. The planned Research Center in Dharan Techno Valley will serve as a hub for cutting-edge research in catalysts allowing the development of new solutions that meet evolving market demands. They also focus on developing sustainable solutions that align with global environmental goals keeping them ahead of industry trends and responsive to market needs. Sustainability is a core value at MERYT Chemicals. They integrate environmentally respectful and eco-friendly production processes into their operations and ensure responsible sourcing of materials. These practices are guided by the sustainability initiatives developed by MERYT Catalysts & Innovation in Spain. Their comprehensive approach helps to minimize environmental impact while positively contributing to the communities they serve. MERYT Chemicals uses advanced ERP and CRM systems to enhance both their operations and customer experience. The ERP system facilitates seamless integration and real-time management of business processes while the CRM system helps maintain strong personalized relationships with clients. Their dedicated technical support team also plays a crucial role offering exceptional service to ensure prompt and effective assistance which contributes to overall customer satisfaction. Strategic partnerships are vital to MERYT Chemicals business model. Faced with diverse regulatory landscapes across the Middle East they have built strong local partnerships to navigate these complexities. Their presence in Abu Dhabi and collaboration with local entities have been key to adhering to regulations and standards. The most notable partnership is with a prominent Saudi group of companies essential for advancing the projects of a catalyst manufacturing plant in Dammam and a research center in Dharan Techno Valley. Collaborations across the Middle East allow MERYT Chemicals to leverage local expertise and effectively manage regional regulatory frameworks ensuring smooth operations throughout the region. Looking ahead MERYT Chemicals aims to expand its product portfolio to meet the growing demand for innovative and sustainable catalyst and adsorbent solutions in the Middle East. They are excited to announce the construction of a catalyst manufacturing plant in Dammam KSA through a joint venture with a renowned local Saudi group. Additionally they plan to build a research center for catalysts in Dharan Techno Valley which will serve as a hub for developing cutting-edge technologies. These initiatives are set to enhance production capabilities strengthen market presence and create new business opportunities in the region building on the extensive experience and expertise from MERYT Catalysts & Innovation in Spain.
BU Dhabi based company POLYSYS Industries has made a strategic investment in MERYT Chemicals the UAE arm of Spain-founded MERYT Catalysts and Innovation a European specialist in advanced catalysts and adsorbents. The partnership positions MERYT to serve GCC customers with stronger proximity technical support and future production capacity. It also establishes Abu Dhabi as MERYT s regional hub to supply GCC refineries and chemical industries with advanced catalysts and adsorbents by bringing proximity responsive technical support and reliable supply from the UAE. Building on this commercial foundation the partners plan to expand into local research and development and production capabilities combining MERYT s European expertise in catalyst innovation with the UAE s dynamic industrial ecosystem to create sustainable high-value manufacturing capacity in the GCC region Dr Meritxell Vila-Fontes CEO of MERYT Chemicals and Mohamed Al Mheiri Founder of POLYSYS tell OGN energy magazine in an exclusive interview. Below are excerpts from the interview: Why has MERYT chosen the GCC particularly the UAE as its base for regional growth and innovation? Dr Vila-Fontes: For us the GCC is one of the most exciting industrial regions in the world. We admire the pace and quality of growth across the Gulf. The region is ambitious execution-oriented and open to collaboration. Within this context the UAE stands out for its clear industrial vision and pro-innovation policies making it the natural long-term base for MERYT in the region. Through MERYT Chemicals in Abu Dhabi we aim to offer GCC clients faster response stronger technical support and localised production of advanced catalytic materials as capabilities are established. Saudi Arabia is also a key focus for us and we are committed to supporting its industrial programs in close partnership. What factors convinced POLYSYS to invest in MERYT Chemicals and how does this partnership align with your industrial strategy? Al Mheiri: We were impressed by MERYT s credibility technical depth and global reach. They have successfully built bridges between Europe and the GCC exactly the type of industrial partnership we want to foster in the UAE. Our investment is not only financial but also strategic. Together we plan to develop local manufacturing capability and contribute to the UAE s long-term goal of becoming a regional leader in advanced materials and catalyst production. In practical terms what immediate benefits will GCC clients experience from this new partnership? Dr Vila-Fontes: Three things: Local presence technical excellence and reliable supply. With the support of POLYSYS we are expanding our Abu Dhabi team to be closer to plants; reinforcing on-site technical assistance; and laying the backbone for local production. The objective is practical. We aim to help customers improve performance and reliability through high-quality catalysts and adsorbents consistent supply and strong technical support. How does this collaboration strengthen the UAE s vision for a diversified innovation-driven industrial base especially in advanced materials and catalyst technologies? Al Mheiri: It perfectly aligns with the UAE s vision to diversify the economy and create high-tech industrial capabilities. MERYT brings decades of technical experience in catalysis a field essential for cleaner fuels hydrogen and CO2 conversion technologies. Together we can attract more innovation to the Emirates develop talent and supply top-quality products from within the country. Localisation is a key element of the UAE s industrial agenda. How do you envision this partnership contributing to in-country value creation and developing a skilled local workforce? Al Mheiri: This partnership aligns perfectly with the UAE s localisation and industrial development strategy. By combining MERYT s European expertise in catalyst and adsorbent technologies with POLYSYS s industrial and business know-how we are building a strong foundation for genuine in-country value (ICV) creation. Beyond production it s about knowledge transfer; it s about developing local technical talent and manufacturing know-how in a field traditionally dominated by imports. Our vision is to create a sustainable high-tech ecosystem that empowers UAE engineers and specialists to drive the next generation of catalyst manufacturing and applications in the country and beyond. Building resilient supply chains has become a top industrial priority. How does this partnership enhance the UAE s ability to locally produce and supply critical catalyst and adsorbent materials for the region s refining and petrochemical sectors? Al Mheiri: Resilience starts with localisation. Through this partnership we are establishing the groundwork for a regional supply base capable of serving refineries and petrochemical plants across the GCC coordinated from the UAE. The goal is to shorten delivery times reduce dependence on overseas sourcing and ensure continuous access to critical materials such as catalysts and adsorbents. As we advance local testing logistics and potential production capabilities with MERYT the GCC will strengthen its supply chain security and build the foundation for future high-value manufacturing in advanced materials. This is a strategic step toward industrial self-reliance and long-term sustainability for the region. MERYT s European operations are known for integrating sustainability into catalyst design. How do you see these principles translating into your GCC operations particularly regarding energy efficiency emissions reduction and waste minimisation? Dr Vila-Fontes: From adsorbents to catalysts sustainability has always been at the heart of how we design and select our products. In Europe our focus has been on efficiency selectivity and durability: Solutions that extend operating cycles improve yields and reduce waste and regeneration needs. We re now bringing those same principles to the GCC combining European R&D know-how with the region s industrial needs. The goal is clear; we aim to help customers cut energy use enhance selectivity and lower CO2 emissions through smarter longer-lasting materials. For us sustainability is not a statement; it s proven performance in every unit we support. Given the growing emphasis on hydrogen and circular carbon technologies where do you see MERYT s catalyst innovations playing a role in the region s energy transition? Dr Vila-Fontes: From hydrogen purification to CO2 capture and conversion catalysts and adsorbents are at the heart of the energy transition. At MERYT we are combining our industrial expertise with ongoing research to develop next-generation materials that make these processes more efficient and scalable. Some of our current projects focus on MOF-based adsorbents for selective CO2 capture and on catalytic systems that can convert captured CO2 into valuable chemicals such as methanol. While several of these technologies are still in the research phase our goal is to accelerate their transition to real industrial applications through partnerships in the GCC. This region has the vision resources and determination to lead in circular carbon technologies and we aim to be part of that transformation. MERYT has been advancing MOF-based technologies with global research partners. How will your UAE presence accelerate the transition from research to commercial applications in CO2 capture and conversion? Dr Vila-Fontes: From MERYT we have initiated some discussion to develop key partnership with leading research institutions to translate strong MOF research into practical industrial solutions. Our joint focus is on advancing the most promising materials for CO2 capture and CO2 conversion to alcohols assessing their performance and economic potential under real conditions. It s a partnership-driven approach test learn and scale where results are compelling. Through these intended collaborations we aim to build local capability and provide relevant ready-to-use solutions for our customers across the GCC. ADIPEC 2025 places strong emphasis on decarbonisation and transition fuels. How is MERYT aligning its technologies and partnerships with these themes and how do you plan to engage with industry leaders during the event? Dr Vila-Fontes: ADIPEC is the right platform to connect innovation with action. Our technologies are closely aligned with the industry s decarbonisation goals; from catalysts that improve process efficiency and reduce emissions to advanced adsorbents that enable hydrogen purification and CO2 capture. We are also collaborating with international research partners to develop materials supporting circular carbon routes such as CO2-to-methanol conversion and its subsequent transformation into sustainable aviation fuels (SAF). In parallel we are exploring partnerships with startups developing promising decarbonisation technologies to accelerate innovation and deployment. During ADIPEC our focus will be on strengthening cooperation with regional customers EPCs and R&D centres to move these solutions from the lab to the plant. For us decarbonisation is not just a concept; it s about practical pathways that deliver measurable performance today while paving the way for the low-carbon fuels of tomorrow. With this partnership what key message would you like to share with regional and global industry stakeholders? Dr Vila-Fontes: We are here to stay and grow. MERYT Chemicals represents our long-term commitment to the GCC region s energy transformation. Al Mheiri: POLYSYS is proud to be part of this journey. Together we will make the UAE a global reference in catalyst innovation and industrial excellence.
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BU Dhabi based company POLYSYS Industries has made a strategic investment in MERYT Chemicals the UAE arm of Spain-founded MERYT Catalysts and Innovation a European specialist in advanced catalysts and adsorbents. The partnership positions MERYT to serve GCC customers with stronger proximity technical support and future production capacity. It also establishes Abu Dhabi as MERYT s regional hub to supply GCC refineries and chemical industries with advanced catalysts and adsorbents by bringing proximity responsive technical support and reliable supply from the UAE. Building on this commercial foundation the partners plan to expand into local research and development and production capabilities combining MERYT s European expertise in catalyst innovation with the UAE s dynamic industrial ecosystem to create sustainable high-value manufacturing capacity in the GCC region Dr Meritxell Vila-Fontes CEO of MERYT Chemicals and Mohamed Al Mheiri Founder of POLYSYS tell OGN energy magazine in an exclusive interview. Below are excerpts from the interview: Why has MERYT chosen the GCC particularly the UAE as its base for regional growth and innovation? Dr Vila-Fontes: For us the GCC is one of the most exciting industrial regions in the world. We admire the pace and quality of growth across the Gulf. The region is ambitious execution-oriented and open to collaboration. Within this context the UAE stands out for its clear industrial vision and pro-innovation policies making it the natural long-term base for MERYT in the region. Through MERYT Chemicals in Abu Dhabi we aim to offer GCC clients faster response stronger technical support and localised production of advanced catalytic materials as capabilities are established. Saudi Arabia is also a key focus for us and we are committed to supporting its industrial programs in close partnership. What factors convinced POLYSYS to invest in MERYT Chemicals and how does this partnership align with your industrial strategy? Al Mheiri: We were impressed by MERYT s credibility technical depth and global reach. They have successfully built bridges between Europe and the GCC exactly the type of industrial partnership we want to foster in the UAE. Our investment is not only financial but also strategic. Together we plan to develop local manufacturing capability and contribute to the UAE s long-term goal of becoming a regional leader in advanced materials and catalyst production. In practical terms what immediate benefits will GCC clients experience from this new partnership? Dr Vila-Fontes: Three things: Local presence technical excellence and reliable supply. With the support of POLYSYS we are expanding our Abu Dhabi team to be closer to plants; reinforcing on-site technical assistance; and laying the backbone for local production. The objective is practical. We aim to help customers improve performance and reliability through high-quality catalysts and adsorbents consistent supply and strong technical support. How does this collaboration strengthen the UAE s vision for a diversified innovation-driven industrial base especially in advanced materials and catalyst technologies? Al Mheiri: It perfectly aligns with the UAE s vision to diversify the economy and create high-tech industrial capabilities. MERYT brings decades of technical experience in catalysis a field essential for cleaner fuels hydrogen and CO2 conversion technologies. Together we can attract more innovation to the Emirates develop talent and supply top-quality products from within the country. Localisation is a key element of the UAE s industrial agenda. How do you envision this partnership contributing to in-country value creation and developing a skilled local workforce? Al Mheiri: This partnership aligns perfectly with the UAE s localisation and industrial development strategy. By combining MERYT s European expertise in catalyst and adsorbent technologies with POLYSYS s industrial and business know-how we are building a strong foundation for genuine in-country value (ICV) creation. Beyond production it s about knowledge transfer; it s about developing local technical talent and manufacturing know-how in a field traditionally dominated by imports. Our vision is to create a sustainable high-tech ecosystem that empowers UAE engineers and specialists to drive the next generation of catalyst manufacturing and applications in the country and beyond. Building resilient supply chains has become a top industrial priority. How does this partnership enhance the UAE s ability to locally produce and supply critical catalyst and adsorbent materials for the region s refining and petrochemical sectors? Al Mheiri: Resilience starts with localisation. Through this partnership we are establishing the groundwork for a regional supply base capable of serving refineries and petrochemical plants across the GCC coordinated from the UAE. The goal is to shorten delivery times reduce dependence on overseas sourcing and ensure continuous access to critical materials such as catalysts and adsorbents. As we advance local testing logistics and potential production capabilities with MERYT the GCC will strengthen its supply chain security and build the foundation for future high-value manufacturing in advanced materials. This is a strategic step toward industrial self-reliance and long-term sustainability for the region. MERYT s European operations are known for integrating sustainability into catalyst design. How do you see these principles translating into your GCC operations particularly regarding energy efficiency emissions reduction and waste minimisation? Dr Vila-Fontes: From adsorbents to catalysts sustainability has always been at the heart of how we design and select our products. In Europe our focus has been on efficiency selectivity and durability: Solutions that extend operating cycles improve yields and reduce waste and regeneration needs. We re now bringing those same principles to the GCC combining European R&D know-how with the region s industrial needs. The goal is clear; we aim to help customers cut energy use enhance selectivity and lower CO2 emissions through smarter longer-lasting materials. For us sustainability is not a statement; it s proven performance in every unit we support. Given the growing emphasis on hydrogen and circular carbon technologies where do you see MERYT s catalyst innovations playing a role in the region s energy transition? Dr Vila-Fontes: From hydrogen purification to CO2 capture and conversion catalysts and adsorbents are at the heart of the energy transition. At MERYT we are combining our industrial expertise with ongoing research to develop next-generation materials that make these processes more efficient and scalable. Some of our current projects focus on MOF-based adsorbents for selective CO2 capture and on catalytic systems that can convert captured CO2 into valuable chemicals such as methanol. While several of these technologies are still in the research phase our goal is to accelerate their transition to real industrial applications through partnerships in the GCC. This region has the vision resources and determination to lead in circular carbon technologies and we aim to be part of that transformation. MERYT has been advancing MOF-based technologies with global research partners. How will your UAE presence accelerate the transition from research to commercial applications in CO2 capture and conversion? Dr Vila-Fontes: From MERYT we have initiated some discussion to develop key partnership with leading research institutions to translate strong MOF research into practical industrial solutions. Our joint focus is on advancing the most promising materials for CO2 capture and CO2 conversion to alcohols assessing their performance and economic potential under real conditions. It s a partnership-driven approach test learn and scale where results are compelling. Through these intended collaborations we aim to build local capability and provide relevant ready-to-use solutions for our customers across the GCC. ADIPEC 2025 places strong emphasis on decarbonisation and transition fuels. How is MERYT aligning its technologies and partnerships with these themes and how do you plan to engage with industry leaders during the event? Dr Vila-Fontes: ADIPEC is the right platform to connect innovation with action. Our technologies are closely aligned with the industry s decarbonisation goals; from catalysts that improve process efficiency and reduce emissions to advanced adsorbents that enable hydrogen purification and CO2 capture. We are also collaborating with international research partners to develop materials supporting circular carbon routes such as CO2-to-methanol conversion and its subsequent transformation into sustainable aviation fuels (SAF). In parallel we are exploring partnerships with startups developing promising decarbonisation technologies to accelerate innovation and deployment. During ADIPEC our focus will be on strengthening cooperation with regional customers EPCs and R&D centres to move these solutions from the lab to the plant. For us decarbonisation is not just a concept; it s about practical pathways that deliver measurable performance today while paving the way for the low-carbon fuels of tomorrow. With this partnership what key message would you like to share with regional and global industry stakeholders? Dr Vila-Fontes: We are here to stay and grow. MERYT Chemicals represents our long-term commitment to the GCC region s energy transformation. Al Mheiri: POLYSYS is proud to be part of this journey. Together we will make the UAE a global reference in catalyst innovation and industrial excellence.
MERYT proudly participated in the Energy & Sustainability Forum (ESF) MENA 2025 held in Al Khobar Saudi Arabia on October 20th 22nd. This prestigious event brought together leading voices from the energy and petrochemical sectors to foster collaboration innovation and knowledge sharing. Our CEO Dr. Meritxell Vila-Fontes and COO Mr. Mohamed Almheiri represented MERYT at the forum engaging in insightful discussions and connecting with industry leaders from across the region. MERYT showcased its own stand presenting cutting-edge solutions and expertise in petrochemical catalysis tools that play a critical role in driving energy efficiency and sustainability. P articipation in ESF MENA 2025 was an invaluable opportunity to explore new partnerships and unlock avenues for collaboration. The event highlighted the importance of catalysts as key enablers in the transition toward a more sustainable energy future. We were proud to contribute its extensive experience and knowledge to this dialogue. We extend our gratitude to the organizers and all participants who made this event impactful. MERYT looks forward to continuing these conversations and working together to build a cleaner more sustainable future for the energy sector.
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MERYT proudly participated in the Energy & Sustainability Forum (ESF) MENA 2025 held in Al Khobar Saudi Arabia on October 20th 22nd. This prestigious event brought together leading voices from the energy and petrochemical sectors to foster collaboration innovation and knowledge sharing. Our CEO Dr. Meritxell Vila-Fontes and COO Mr. Mohamed Almheiri represented MERYT at the forum engaging in insightful discussions and connecting with industry leaders from across the region. MERYT showcased its own stand presenting cutting-edge solutions and expertise in petrochemical catalysis tools that play a critical role in driving energy efficiency and sustainability. P articipation in ESF MENA 2025 was an invaluable opportunity to explore new partnerships and unlock avenues for collaboration. The event highlighted the importance of catalysts as key enablers in the transition toward a more sustainable energy future. We were proud to contribute its extensive experience and knowledge to this dialogue. We extend our gratitude to the organizers and all participants who made this event impactful. MERYT looks forward to continuing these conversations and working together to build a cleaner more sustainable future for the energy sector.
MERYT Chemicals has achieved significant success in the Middle East by leveraging the extensive experience and expertise of MERYT Catalysts & Innovation from Spain. Their commitment to innovation and sustainability along with a deep understanding of the regional market has been instrumental. By continuously developing advanced technologies in catalysis and adsorption they meet the specific needs of clients in the refining and petrochemical industries. Strategic partnerships with local partners enhance their operational capabilities. The upcoming catalyst manufacturing plant in Dammam KSA through a joint venture with a local Saudi group of companies is set to significantly boost production capabilities and market presence. At EliteX we are proud to have MERYT Chemicals as part of 10 Best Companies in Middle East 2024. Quality and customer satisfaction are central to the operations at MERYT Chemicals. They employ rigorous quality control measures throughout their production processes and maintain close communication with clients to ensure their needs are met promptly and effectively. The technical support team provides comprehensive assistance from unit design to operators training ensuring products perform optimally in various industrial applications. The expertise and best practices from their Spanish operations provide a solid foundation for maintaining these high standards. One of the most significant milestones for MERYT Chemicals is the joint venture with a prominent local Saudi group of companies to establish a state-of-the-art catalyst manufacturing plant in Dammam. Additionally they are developing a cutting-edge Research Center for Catalysts in Dharan Techno Valley. These strategic investments not only demonstrate their commitment to innovation and excellence but also ensure they are closely aligned with the needs of customers in the Middle East. By enhancing their local presence they are better positioned to deliver tailored solutions and support to clients throughout the region. At MERYT Chemicals continuous innovation is a top priority. They invest in research and development and foster collaborations with leading universities and research institutions to stay at the forefront of technological advancements. The planned Research Center in Dharan Techno Valley will serve as a hub for cutting-edge research in catalysts allowing the development of new solutions that meet evolving market demands. They also focus on developing sustainable solutions that align with global environmental goals keeping them ahead of industry trends and responsive to market needs. Sustainability is a core value at MERYT Chemicals. They integrate environmentally respectful and eco-friendly production processes into their operations and ensure responsible sourcing of materials. These practices are guided by the sustainability initiatives developed by MERYT Catalysts & Innovation in Spain. Their comprehensive approach helps to minimize environmental impact while positively contributing to the communities they serve. MERYT Chemicals uses advanced ERP and CRM systems to enhance both their operations and customer experience. The ERP system facilitates seamless integration and real-time management of business processes while the CRM system helps maintain strong personalized relationships with clients. Their dedicated technical support team also plays a crucial role offering exceptional service to ensure prompt and effective assistance which contributes to overall customer satisfaction. Strategic partnerships are vital to MERYT Chemicals business model. Faced with diverse regulatory landscapes across the Middle East they have built strong local partnerships to navigate these complexities. Their presence in Abu Dhabi and collaboration with local entities have been key to adhering to regulations and standards. The most notable partnership is with a prominent Saudi group of companies essential for advancing the projects of a catalyst manufacturing plant in Dammam and a research center in Dharan Techno Valley. Collaborations across the Middle East allow MERYT Chemicals to leverage local expertise and effectively manage regional regulatory frameworks ensuring smooth operations throughout the region. Looking ahead MERYT Chemicals aims to expand its product portfolio to meet the growing demand for innovative and sustainable catalyst and adsorbent solutions in the Middle East. They are excited to announce the construction of a catalyst manufacturing plant in Dammam KSA through a joint venture with a renowned local Saudi group. Additionally they plan to build a research center for catalysts in Dharan Techno Valley which will serve as a hub for developing cutting-edge technologies. These initiatives are set to enhance production capabilities strengthen market presence and create new business opportunities in the region building on the extensive experience and expertise from MERYT Catalysts & Innovation in Spain.
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MERYT Chemicals has achieved significant success in the Middle East by leveraging the extensive experience and expertise of MERYT Catalysts & Innovation from Spain. Their commitment to innovation and sustainability, along with a deep understanding of the regional market, has been instrumental. By continuously developing advanced technologies in catalysis and adsorption, they meet the specific needs of clients in the refining and petrochemical industries.
Strategic partnerships with local partners enhance their operational capabilities. The upcoming catalyst manufacturing plant in Dammam, KSA, through a joint venture with a local Saudi group of companies, is set to significantly boost production capabilities and market presence. At EliteX, we are proud to have MERYT Chemicals as part of 10 Best Companies in Middle East, 2024.
Quality and customer satisfaction are central to the operations at MERYT Chemicals. They employ rigorous quality control measures throughout their production processes and maintain close communication with clients to ensure their needs are met promptly and effectively. The technical support team provides comprehensive assistance, from unit design to operators training, ensuring products perform optimally in various industrial applications. The expertise and best practices from their Spanish operations provide a solid foundation for maintaining these high standards.
One of the most significant milestones for MERYT Chemicals is the joint venture with a prominent local Saudi group of companies to establish a state-of-the-art catalyst manufacturing plant in Dammam. Additionally, they are developing a cutting-edge Research Center for Catalysts in Dharan Techno Valley. These strategic investments not only demonstrate their commitment to innovation and excellence but also ensure they are closely aligned with the needs of customers in the Middle East. By enhancing their local presence, they are better positioned to deliver tailored solutions and support to clients throughout the region.
At MERYT Chemicals, continuous innovation is a top priority. They invest in research and development and foster collaborations with leading universities and research institutions to stay at the forefront of technological advancements. The planned Research Center in Dharan Techno Valley will serve as a hub for cutting-edge research in catalysts, allowing the development of new solutions that meet evolving market demands. They also focus on developing sustainable solutions that align with global environmental goals, keeping them ahead of industry trends and responsive to market needs.
Sustainability is a core value at MERYT Chemicals. They integrate environmentally respectful and eco-friendly production processes into their operations and ensure responsible sourcing of materials. These practices are guided by the sustainability initiatives developed by MERYT Catalysts & Innovation in Spain. Their comprehensive approach helps to minimize environmental impact while positively contributing to the communities they serve.
MERYT Chemicals uses advanced ERP and CRM systems to enhance both their operations and customer experience. The ERP system facilitates seamless integration and real-time management of business processes, while the CRM system helps maintain strong, personalized relationships with clients. Their dedicated technical support team also plays a crucial role, offering exceptional service to ensure prompt and effective assistance, which contributes to overall customer satisfaction.
Strategic partnerships are vital to MERYT Chemicals’ business model. Faced with diverse regulatory landscapes across the Middle East, they have built strong local partnerships to navigate these complexities. Their presence in Abu Dhabi and collaboration with local entities have been key to adhering to regulations and standards. The most notable partnership is with a prominent Saudi group of companies, essential for advancing the projects of a catalyst manufacturing plant in Dammam and a research center in Dharan Techno Valley. Collaborations across the Middle East allow MERYT Chemicals to leverage local expertise and effectively manage regional regulatory frameworks, ensuring smooth operations throughout the region.
Looking ahead, MERYT Chemicals aims to expand its product portfolio to meet the growing demand for innovative and sustainable catalyst and adsorbent solutions in the Middle East. They are excited to announce the construction of a catalyst manufacturing plant in Dammam, KSA, through a joint venture with a renowned local Saudi group. Additionally, they plan to build a research center for catalysts in Dharan Techno Valley, which will serve as a hub for developing cutting-edge technologies. These initiatives are set to enhance production capabilities, strengthen market presence, and create new business opportunities in the region, building on the extensive experience and expertise from MERYT Catalysts & Innovation in Spain.
BU Dhabi based company POLYSYS Industries has made a strategic investment in MERYT Chemicals the UAE arm of Spain-founded MERYT Catalysts and Innovation a European specialist in advanced catalysts and adsorbents. The partnership positions MERYT to serve GCC customers with stronger proximity technical support and future production capacity. It also establishes Abu Dhabi as MERYT s regional hub to supply GCC refineries and chemical industries with advanced catalysts and adsorbents by bringing proximity responsive technical support and reliable supply from the UAE. Building on this commercial foundation the partners plan to expand into local research and development and production capabilities combining MERYT s European expertise in catalyst innovation with the UAE s dynamic industrial ecosystem to create sustainable high-value manufacturing capacity in the GCC region Dr Meritxell Vila-Fontes CEO of MERYT Chemicals and Mohamed Al Mheiri Founder of POLYSYS tell OGN energy magazine in an exclusive interview. Below are excerpts from the interview: Why has MERYT chosen the GCC particularly the UAE as its base for regional growth and innovation? Dr Vila-Fontes: For us the GCC is one of the most exciting industrial regions in the world. We admire the pace and quality of growth across the Gulf. The region is ambitious execution-oriented and open to collaboration. Within this context the UAE stands out for its clear industrial vision and pro-innovation policies making it the natural long-term base for MERYT in the region. Through MERYT Chemicals in Abu Dhabi we aim to offer GCC clients faster response stronger technical support and localised production of advanced catalytic materials as capabilities are established. Saudi Arabia is also a key focus for us and we are committed to supporting its industrial programs in close partnership. What factors convinced POLYSYS to invest in MERYT Chemicals and how does this partnership align with your industrial strategy? Al Mheiri: We were impressed by MERYT s credibility technical depth and global reach. They have successfully built bridges between Europe and the GCC exactly the type of industrial partnership we want to foster in the UAE. Our investment is not only financial but also strategic. Together we plan to develop local manufacturing capability and contribute to the UAE s long-term goal of becoming a regional leader in advanced materials and catalyst production. In practical terms what immediate benefits will GCC clients experience from this new partnership? Dr Vila-Fontes: Three things: Local presence technical excellence and reliable supply. With the support of POLYSYS we are expanding our Abu Dhabi team to be closer to plants; reinforcing on-site technical assistance; and laying the backbone for local production. The objective is practical. We aim to help customers improve performance and reliability through high-quality catalysts and adsorbents consistent supply and strong technical support. How does this collaboration strengthen the UAE s vision for a diversified innovation-driven industrial base especially in advanced materials and catalyst technologies? Al Mheiri: It perfectly aligns with the UAE s vision to diversify the economy and create high-tech industrial capabilities. MERYT brings decades of technical experience in catalysis a field essential for cleaner fuels hydrogen and CO2 conversion technologies. Together we can attract more innovation to the Emirates develop talent and supply top-quality products from within the country. Localisation is a key element of the UAE s industrial agenda. How do you envision this partnership contributing to in-country value creation and developing a skilled local workforce? Al Mheiri: This partnership aligns perfectly with the UAE s localisation and industrial development strategy. By combining MERYT s European expertise in catalyst and adsorbent technologies with POLYSYS s industrial and business know-how we are building a strong foundation for genuine in-country value (ICV) creation. Beyond production it s about knowledge transfer; it s about developing local technical talent and manufacturing know-how in a field traditionally dominated by imports. Our vision is to create a sustainable high-tech ecosystem that empowers UAE engineers and specialists to drive the next generation of catalyst manufacturing and applications in the country and beyond. Building resilient supply chains has become a top industrial priority. How does this partnership enhance the UAE s ability to locally produce and supply critical catalyst and adsorbent materials for the region s refining and petrochemical sectors? Al Mheiri: Resilience starts with localisation. Through this partnership we are establishing the groundwork for a regional supply base capable of serving refineries and petrochemical plants across the GCC coordinated from the UAE. The goal is to shorten delivery times reduce dependence on overseas sourcing and ensure continuous access to critical materials such as catalysts and adsorbents. As we advance local testing logistics and potential production capabilities with MERYT the GCC will strengthen its supply chain security and build the foundation for future high-value manufacturing in advanced materials. This is a strategic step toward industrial self-reliance and long-term sustainability for the region. MERYT s European operations are known for integrating sustainability into catalyst design. How do you see these principles translating into your GCC operations particularly regarding energy efficiency emissions reduction and waste minimisation? Dr Vila-Fontes: From adsorbents to catalysts sustainability has always been at the heart of how we design and select our products. In Europe our focus has been on efficiency selectivity and durability: Solutions that extend operating cycles improve yields and reduce waste and regeneration needs. We re now bringing those same principles to the GCC combining European R&D know-how with the region s industrial needs. The goal is clear; we aim to help customers cut energy use enhance selectivity and lower CO2 emissions through smarter longer-lasting materials. For us sustainability is not a statement; it s proven performance in every unit we support. Given the growing emphasis on hydrogen and circular carbon technologies where do you see MERYT s catalyst innovations playing a role in the region s energy transition? Dr Vila-Fontes: From hydrogen purification to CO2 capture and conversion catalysts and adsorbents are at the heart of the energy transition. At MERYT we are combining our industrial expertise with ongoing research to develop next-generation materials that make these processes more efficient and scalable. Some of our current projects focus on MOF-based adsorbents for selective CO2 capture and on catalytic systems that can convert captured CO2 into valuable chemicals such as methanol. While several of these technologies are still in the research phase our goal is to accelerate their transition to real industrial applications through partnerships in the GCC. This region has the vision resources and determination to lead in circular carbon technologies and we aim to be part of that transformation. MERYT has been advancing MOF-based technologies with global research partners. How will your UAE presence accelerate the transition from research to commercial applications in CO2 capture and conversion? Dr Vila-Fontes: From MERYT we have initiated some discussion to develop key partnership with leading research institutions to translate strong MOF research into practical industrial solutions. Our joint focus is on advancing the most promising materials for CO2 capture and CO2 conversion to alcohols assessing their performance and economic potential under real conditions. It s a partnership-driven approach test learn and scale where results are compelling. Through these intended collaborations we aim to build local capability and provide relevant ready-to-use solutions for our customers across the GCC. ADIPEC 2025 places strong emphasis on decarbonisation and transition fuels. How is MERYT aligning its technologies and partnerships with these themes and how do you plan to engage with industry leaders during the event? Dr Vila-Fontes: ADIPEC is the right platform to connect innovation with action. Our technologies are closely aligned with the industry s decarbonisation goals; from catalysts that improve process efficiency and reduce emissions to advanced adsorbents that enable hydrogen purification and CO2 capture. We are also collaborating with international research partners to develop materials supporting circular carbon routes such as CO2-to-methanol conversion and its subsequent transformation into sustainable aviation fuels (SAF). In parallel we are exploring partnerships with startups developing promising decarbonisation technologies to accelerate innovation and deployment. During ADIPEC our focus will be on strengthening cooperation with regional customers EPCs and R&D centres to move these solutions from the lab to the plant. For us decarbonisation is not just a concept; it s about practical pathways that deliver measurable performance today while paving the way for the low-carbon fuels of tomorrow. With this partnership what key message would you like to share with regional and global industry stakeholders? Dr Vila-Fontes: We are here to stay and grow. MERYT Chemicals represents our long-term commitment to the GCC region s energy transformation. Al Mheiri: POLYSYS is proud to be part of this journey. Together we will make the UAE a global reference in catalyst innovation and industrial excellence.
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BU Dhabi–based company POLYSYS Industries has made a strategic investment in MERYT Chemicals, the UAE arm of Spain-founded MERYT Catalysts and Innovation, a European specialist in advanced catalysts and adsorbents.
The partnership positions MERYT to serve GCC customers with stronger proximity, technical support, and future production capacity.
It also establishes Abu Dhabi as MERYT’s regional hub to supply GCC refineries and chemical industries with advanced catalysts and adsorbents, by bringing proximity, responsive technical support, and reliable supply from the UAE.
Building on this commercial foundation, the partners plan to expand into local research and development and production capabilities, combining MERYT’s European expertise in catalyst innovation with the UAE’s dynamic industrial ecosystem to create sustainable, high-value manufacturing capacity in the GCC region, Dr Meritxell Vila-Fontes, CEO of MERYT Chemicals, and Mohamed Al Mheiri, Founder of POLYSYS, tell OGN energy magazine in an exclusive interview.
Below are excerpts from the interview:
Why has MERYT chosen the GCC, particularly the UAE, as its base for regional growth and innovation?
Dr Vila-Fontes: For us, the GCC is one of the most exciting industrial regions in the world. We admire the pace and quality of growth across the Gulf. The region is ambitious, execution-oriented, and open to collaboration. Within this context, the UAE stands out for its clear industrial vision and pro-innovation policies, making it the natural long-term base for MERYT in the region.
Through MERYT Chemicals in Abu Dhabi, we aim to offer GCC clients faster response, stronger technical support, and localised production of advanced catalytic materials as capabilities are established. Saudi Arabia is also a key focus for us, and we are committed to supporting its industrial programs in close partnership.
What factors convinced POLYSYS to invest in MERYT Chemicals, and how does this partnership align with your industrial strategy?
Al Mheiri: We were impressed by MERYT’s credibility, technical depth, and global reach. They have successfully built bridges between Europe and the GCC, exactly the type of industrial partnership we want to foster in the UAE.
Our investment is not only financial, but also strategic. Together we plan to develop local manufacturing capability and contribute to the UAE’s long-term goal of becoming a regional leader in advanced materials and catalyst production.
In practical terms, what immediate benefits will GCC clients experience from this new partnership?
Dr Vila-Fontes: Three things: Local presence, technical excellence, and reliable supply.
With the support of POLYSYS, we are expanding our Abu Dhabi team to be closer to plants; reinforcing on-site technical assistance; and laying the backbone for local production.
The objective is practical. We aim to help customers improve performance and reliability through high-quality catalysts and adsorbents, consistent supply, and strong technical support.
How does this collaboration strengthen the UAE’s vision for a diversified, innovation-driven industrial base, especially in advanced materials and catalyst technologies?
Al Mheiri: It perfectly aligns with the UAE’s vision to diversify the economy and create high-tech industrial capabilities. MERYT brings decades of technical experience in catalysis, a field essential for cleaner fuels, hydrogen, and CO2 conversion technologies.
Together we can attract more innovation to the Emirates, develop talent, and supply top-quality products from within the country.
Localisation is a key element of the UAE’s industrial agenda. How do you envision this partnership contributing to in-country value creation and developing a skilled local workforce?
Al Mheiri: This partnership aligns perfectly with the UAE’s localisation and industrial development strategy. By combining MERYT’s European expertise in catalyst and adsorbent technologies with POLYSYS’s industrial and business know-how, we are building a strong foundation for genuine in-country value (ICV) creation.
Beyond production, it’s about knowledge transfer; it’s about developing local technical talent, and manufacturing know-how in a field traditionally dominated by imports. Our vision is to create a sustainable, high-tech ecosystem that empowers UAE engineers and specialists to drive the next generation of catalyst manufacturing and applications in the country and beyond.
Building resilient supply chains has become a top industrial priority. How does this partnership enhance the UAE’s ability to locally produce and supply critical catalyst and adsorbent materials for the region’s refining and petrochemical sectors?
Al Mheiri: Resilience starts with localisation. Through this partnership, we are establishing the groundwork for a regional supply base capable of serving refineries and petrochemical plants across the GCC, coordinated from the UAE.
The goal is to shorten delivery times, reduce dependence on overseas sourcing, and ensure continuous access to critical materials such as catalysts and adsorbents.
As we advance local testing, logistics, and potential production capabilities with MERYT, the GCC will strengthen its supply chain security and build the foundation for future high-value manufacturing in advanced materials. This is a strategic step toward industrial self-reliance and long-term sustainability for the region.
MERYT’s European operations are known for integrating sustainability into catalyst design. How do you see these principles translating into your GCC operations, particularly regarding energy efficiency, emissions reduction, and waste minimisation?
Dr Vila-Fontes: From adsorbents to catalysts, sustainability has always been at the heart of how we design and select our products. In Europe, our focus has been on efficiency, selectivity, and durability: Solutions that extend operating cycles, improve yields, and reduce waste and regeneration needs. We’re now bringing those same principles to the GCC, combining European R&D know-how with the region’s industrial needs.
The goal is clear; we aim to help customers cut energy use, enhance selectivity, and lower CO2 emissions through smarter, longer-lasting materials.
For us, sustainability is not a statement; it’s proven performance in every unit we support.
Given the growing emphasis on hydrogen and circular carbon technologies, where do you see MERYT’s catalyst innovations playing a role in the region’s energy transition?
Dr Vila-Fontes: From hydrogen purification to CO2 capture and conversion, catalysts and adsorbents are at the heart of the energy transition.
At MERYT, we are combining our industrial expertise with ongoing research to develop next-generation materials that make these processes more efficient and scalable.
Some of our current projects focus on MOF-based adsorbents for selective CO2 capture, and on catalytic systems that can convert captured CO2 into valuable chemicals such as methanol.
While several of these technologies are still in the research phase, our goal is to accelerate their transition to real industrial applications through partnerships in the GCC.
This region has the vision, resources, and determination to lead in circular carbon technologies, and we aim to be part of that transformation.
MERYT has been advancing MOF-based technologies with global research partners. How will your UAE presence accelerate the transition from research to commercial applications in CO2 capture and conversion?
Dr Vila-Fontes: From MERYT, we have initiated some discussion to develop key partnership with leading research institutions to translate strong MOF research into practical industrial solutions. Our joint focus is on advancing the most promising materials for CO2 capture and CO2 conversion to alcohols, assessing their performance and economic potential under real conditions.
It’s a partnership-driven approach — test, learn, and scale — where results are compelling.
Through these intended collaborations, we aim to build local capability and provide relevant, ready-to-use solutions for our customers across the GCC.
ADIPEC 2025 places strong emphasis on decarbonisation and transition fuels. How is MERYT aligning its technologies and partnerships with these themes, and how do you plan to engage with industry leaders during the event?
Dr Vila-Fontes: ADIPEC is the right platform to connect innovation with action. Our technologies are closely aligned with the industry’s decarbonisation goals; from catalysts that improve process efficiency and reduce emissions, to advanced adsorbents that enable hydrogen purification and CO2 capture.
We are also collaborating with international research partners to develop materials supporting circular carbon routes, such as CO2-to-methanol conversion and its subsequent transformation into sustainable aviation fuels (SAF).
In parallel, we are exploring partnerships with startups developing promising decarbonisation technologies to accelerate innovation and deployment.
During ADIPEC, our focus will be on strengthening cooperation with regional customers, EPCs, and R&D centres to move these solutions from the lab to the plant.
For us, decarbonisation is not just a concept; it’s about practical pathways that deliver measurable performance today while paving the way for the low-carbon fuels of tomorrow.
With this partnership, what key message would you like to share with regional and global industry stakeholders?
Dr Vila-Fontes: We are here to stay and grow. MERYT Chemicals represents our long-term commitment to the GCC region’s energy transformation.
Al Mheiri: POLYSYS is proud to be part of this journey. Together, we will make the UAE a global reference in catalyst innovation and industrial excellence.
MERYT proudly participated in the Energy & Sustainability Forum (ESF) MENA 2025 held in Al Khobar Saudi Arabia on October 20th 22nd. This prestigious event brought together leading voices from the energy and petrochemical sectors to foster collaboration innovation and knowledge sharing. Our CEO Dr. Meritxell Vila-Fontes and COO Mr. Mohamed Almheiri represented MERYT at the forum engaging in insightful discussions and connecting with industry leaders from across the region. MERYT showcased its own stand presenting cutting-edge solutions and expertise in petrochemical catalysis tools that play a critical role in driving energy efficiency and sustainability. P articipation in ESF MENA 2025 was an invaluable opportunity to explore new partnerships and unlock avenues for collaboration. The event highlighted the importance of catalysts as key enablers in the transition toward a more sustainable energy future. We were proud to contribute its extensive experience and knowledge to this dialogue. We extend our gratitude to the organizers and all participants who made this event impactful. MERYT looks forward to continuing these conversations and working together to build a cleaner more sustainable future for the energy sector.
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Participation in ESF MENA 2025 was an invaluable opportunity to explore new partnerships and unlock avenues for collaboration. The event highlighted the importance of catalysts as key enablers in the transition toward a more sustainable energy future. We were proud to contribute its extensive experience and knowledge to this dialogue.
We extend our gratitude to the organizers and all participants who made this event impactful. MERYT looks forward to continuing these conversations and working together to build a cleaner, more sustainable future for the energy sector.
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High-performance catalysts designed to enhance efficiency, selectivity, and lifespan in refining and petrochemical processes, including hydrogenation, reforming, and desulfurization applications.
Advanced adsorbent materials for gas and liquid purification, enabling removal of contaminants such as sulfur, CO₂, and moisture to improve process reliability and product quality.
The Kazakhstan International Oil & Gas Exhibition and Conference - KIOGE 2026 -- offers global companies the opportunity to showcase solutions develop strategic partnerships and strengthen their presence in this important energy market of Central Asia. As Kazakhstan strengthens its position as one of Eurasia s leading energy markets KIOGE has invited international companies to explore business opportunities and establish partnerships across Central Asia s evolving oil and gas sector. For three decades KIOGE has connected global manufacturers technology providers EPC contractors service companies and investors with key decision-makers shaping Kazakhstan s energy industry. For companies entering the market or expanding their regional presence the event provides direct access to one of Central Asia s most significant energy economies. KIOGE 2026 has already attracted more than 235 companies from 15 countries including Azerbaijan China Germany India Ita...
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The Kazakhstan International Oil & Gas Exhibition and Conference - KIOGE 2026 -- offers global companies the opportunity to showcase solutions, develop strategic partnerships and strengthen their presence in this important energy market of Central Asia.
As Kazakhstan strengthens its position as one of Eurasia's leading energy markets, KIOGE has invited international companies to explore business opportunities and establish partnerships across Central Asia's evolving oil and gas sector.
For three decades, KIOGE has connected global manufacturers, technology providers, EPC contractors, service companies and investors with key decision-makers shaping Kazakhstan's energy industry. For companies entering the market or expanding their regional presence, the event provides direct access to one of Central Asia's most significant energy economies.
KIOGE 2026 has already attracted more than 235 companies from 15 countries, including Azerbaijan, China, Germany, India, Ita...
The US Department of Energy s (DOE) Office of Critical Minerals and Energy Innovation (CMEI) has announced a Notice of Intent for up to 100 million to strengthen the nation s critical minerals workforce and support domestic supply chains. The nationwide Providing Opportunities for Specialised Education in Critical Technologies (Prospect) initiative aims to expand educational opportunities and develop the skilled workforce needed to support the production processing recovery and recycling of critical minerals in the United States. In the near term Prospect aims to double the number of graduates with degrees related to mining minerals and associated supply chain technologies within two years. Longer term the initiative will support new curricula teaching tools financial aid programmes and other incentives designed to encourage continued growth in the sector. /o:...
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The US Department of Energy’s (DOE) Office of Critical Minerals and Energy Innovation (CMEI) has announced a Notice of Intent for up to $100 million to strengthen the nation’s critical minerals workforce and support domestic supply chains.
The nationwide Providing Opportunities for Specialised
Education in Critical Technologies (Prospect) initiative aims to expand
educational opportunities and develop the skilled workforce needed to support
the production, processing, recovery and recycling of critical minerals in the
United States.
In the near term, Prospect aims to double the number of graduates with degrees related to mining, minerals and associated supply chain technologies within two years.
Longer term, the initiative will support new curricula,
teaching tools, financial aid programmes and other incentives designed to
encourage continued growth in the sector.
Energy Oman has unveiled a new corporate identity marking a strategic milestone in its growth and evolution as a key player in Oman s energy sector. The new identity reflects the company s response to global energy shifts and its expanding role within the national economic ecosystem. It also underscores Energy Oman s commitment to supporting Oman s transition toward a sustainable energy future. The rebranding aligns with the company s national mandate to manage and develop resources enhance sector efficiency channel investments toward stronger economic and financial returns and promote local content. It also supports the long-term sustainability of Oman s oil gas and renewable energy sectors. Mazin Al Lamki Chief Executive Officer of Energy Oman stated: At Energy Oman we work to guide ...
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Energy Oman has unveiled a new corporate identity, marking a strategic milestone in its growth and evolution as a key player in Oman’s energy sector.
The new identity reflects the company’s response to global
energy shifts and its expanding role within the national economic ecosystem.
It also underscores Energy Oman’s commitment to supporting
Oman’s transition toward a sustainable energy future.
The rebranding aligns with the company’s national mandate to
manage and develop resources, enhance sector efficiency, channel investments
toward stronger economic and financial returns, and promote local content.
It also supports the long-term sustainability of Oman’s oil,
gas and renewable energy sectors.
Mazin Al Lamki, Chief Executive Officer of Energy Oman, stated: "At Energy Oman, we work to guide ...
Sohar International has reaffirmed its commitment to supporting Oman s energy sector and sustainable economic growth through a joint symposium titled Oman s Energy Sector in a Reshaped Gulf: Driving Economic Growth Investment and Global Competitiveness. Held in collaboration with Oman Energy Association (OPAL) the event brought together senior executives experts and decision-makers from the energy and financial sectors to discuss the industry s transformation and emerging investment opportunities. The symposium highlighted the energy sector s vital role in boosting GDP growth and strengthening Oman s regional and global competitiveness. Participants also stressed the importance of collaboration between financial institutions and energy companies to support large-scale projects aligned with Oman Vision 2040. Sohar International highlighted its role in fina...
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Sohar International has reaffirmed its commitment to supporting Oman’s energy sector and sustainable economic growth through a joint symposium titled “Oman’s Energy Sector in a Reshaped Gulf: Driving Economic Growth, Investment, and Global Competitiveness.”
Held in collaboration
with Oman Energy Association (OPAL), the event brought together senior
executives, experts and decision-makers from the energy and financial sectors
to discuss the industry’s transformation and emerging investment opportunities.
The symposium
highlighted the energy sector’s vital role in boosting GDP growth and
strengthening Oman’s regional and global competitiveness. Participants also
stressed the importance of collaboration between financial institutions and
energy companies to support large-scale projects aligned with Oman Vision 2040.
Sohar International highlighted its role in fina...
Kuwait-based Action Energy Company reported a sharp increase in earnings for the first half of 2026. Revenue rose 34.4 per cent year on year to KWD18.1 million ( 59 million) in the six months ended June 30 while EBITDA increased 28.3 per cent to KWD9 million with an EBITDA margin of 49.8 per cent. Net profit nearly doubled rising 96.6 per cent to KWD4.4 million while earnings per share increased 29.5 per cent to 7.72 fils. The company said its contracted backlog reached a record KWD349 million at the end of June providing multi-year revenue visibility. About 61 per cent of the backlog comes from drilling services and 39 per cent from oilfield services. Action Energy operated 20 rigs throughout the first half compared with partial-period operations for its expanded fleet during the sam...
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Kuwait-based Action Energy Company reported a sharp increase in earnings for the first half of 2026.
Revenue rose 34.4 per cent year on year to KWD18.1 million ($59
million) in the six months ended June 30, while EBITDA increased 28.3 per cent
to KWD9 million, with an EBITDA margin of 49.8 per cent.
Net profit nearly doubled, rising 96.6 per cent to KWD4.4
million, while earnings per share increased 29.5 per cent to 7.72 fils.
The company said its contracted backlog reached a record KWD349
million at the end of June, providing multi-year revenue visibility.
About 61 per cent of
the backlog comes from drilling services and 39 per cent from oilfield
services.
Action Energy operated 20 rigs throughout the first half, compared with partial-period operations for its expanded fleet during the sam...
Sabic has secured an R&D 100 Award for the sixth consecutive year earning recognition for its NORYL V0 resins a laser-weldable specialty material developed for the solar energy sector. The award in the Materials Science category highlights Sabic s efforts to improve photovoltaic manufacturing efficiency and component performance while supporting wider solar energy adoption. The NORYL V0 portfolio includes V0150TW absorptive and V0150IR2 transmissive resins combining flame retardancy enhanced weatherability and sealing performance. The materials are designed to enable faster cleaner production of photovoltaic microinverters while improving reliability and outdoor durability. Sabic said the technology can help reduce energy consumption material waste and manufacturing costs potentially supporting more efficient ...
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Sabic has secured an R&D 100 Award for the sixth consecutive year, earning recognition for its NORYL V0 resins, a laser-weldable specialty material developed for the solar energy sector.
The award, in the Materials Science category, highlights Sabic’s
efforts to improve photovoltaic manufacturing efficiency and component
performance while supporting wider solar energy adoption.
The NORYL V0 portfolio includes V0150TW absorptive and
V0150IR2 transmissive resins, combining flame retardancy, enhanced
weatherability and sealing performance.
The materials are
designed to enable faster, cleaner production of photovoltaic microinverters
while improving reliability and outdoor durability.
Sabic said the technology can help reduce energy consumption, material waste and manufacturing costs, potentially supporting more efficient ...
The Middle East s historic role as the global energy heartbeat is entering a new chapter. While the region continues to provide over 31% of the world s oil its true competitive advantage is shifting from resource extraction to intelligent orchestration. As the sector accelerates toward aggressive diversification and renewable integration the mandate for the boardroom is clear: the transition is no longer just about energy capacity; it is about energy intelligence writes Hani Nofal Executive Head of Technology Solutions MEA at NTT DATA. Today we are witnessing a paradigm shift where AI is emerging as the primary engine of transformation reshaping energy providers from commodity suppliers into high-performance data-centric technology enterprises. In this new era the Internet of Things (IoT) serves as the indispensable nervous system a critical enabling layer that feeds the AI models necessary to manage predict and optimize complex energy ecosystems with...
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The Middle East’s historic role as the global energy heartbeat is entering a new chapter. While the region continues to provide over 31% of the world’s oil, its true competitive advantage is shifting from resource extraction to intelligent orchestration.
As the sector accelerates toward aggressive diversification and renewable integration, the mandate for the boardroom is clear: the transition is no longer just about energy capacity; it is about energy intelligence, writes Hani Nofal, Executive, Head of Technology Solutions, MEA at NTT DATA.
Today, we are witnessing a paradigm shift where AI is emerging as the primary engine of transformation, reshaping energy providers from commodity suppliers into high-performance, data-centric technology enterprises. In this new era, the Internet of Things (IoT) serves as the indispensable nervous system, a critical, enabling layer that feeds the AI models necessary to manage, predict, and optimize complex energy ecosystems with...
National Energy Services Reunited (NESR) an international provider of integrated energy services in the Mena region has secured contract awards worth 300 million in Kuwait over five years covering its Production Services and Drilling & Evaluation segments. The agreements include a Master Technology Agreement to support deployment of NESR s Open Technology Platform through its in-country research hub. The company said the contracts will introduce advanced energy technologies tailored to Kuwait s upstream oil and gas sector while strengthening local innovation and research capabilities. Sherif Foda NESR s Chairman & Chief Executive Officer commented: I am extremely proud of the Ahmadi Innovation Valley and am personally honored to be one the of the inaugural founders of such a futuristic beacon of technology development in K...
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National Energy Services Reunited (NESR), an international provider of integrated energy services in the Mena region, has secured contract awards worth $300 million in Kuwait over five years, covering its Production Services and Drilling & Evaluation segments.
The agreements include a Master Technology Agreement to
support deployment of NESR's Open Technology Platform through its in-country
research hub.
The company said the contracts will introduce advanced
energy technologies tailored to Kuwait's upstream oil and gas sector while
strengthening local innovation and research capabilities.
Sherif Foda, NESR's Chairman & Chief Executive Officer, commented: "I am extremely proud of the Ahmadi Innovation Valley, and am personally honored to be one the of the inaugural founders of such a futuristic beacon of technology development in K...
Envision Energy a global green technology company has partnered with Sasol an international energy and chemicals firm to advance a design study for a potential green hydrogen system at Sasol s Sasolburg operations in South Africa. The collaboration aims to explore the integration of renewable power energy storage and electrolyser technologies to support the production of lower-carbon fuels and chemicals including potential applications in eMethanol and sustainable aviation fuel (eSAF). The initiative was highlighted during a visit by South Africa s Minister of Electricity and Energy Dr Kgosientsho Ramokgopa to Envision s Chifeng Hydrogen Net Zero Industrial Park in Inner Mongolia held as part of the South Africa-China Energy Investment Conference. Drawing on Envision s expertise in renewable energy battery energy storage systems green hydrogen and AI...
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Envision Energy, a global green technology company, has partnered with Sasol, an international energy and chemicals firm, to advance a design study for a potential green hydrogen system at Sasol’s Sasolburg operations in South Africa.
The collaboration aims to explore the integration of
renewable power, energy storage, and electrolyser technologies to support the
production of lower-carbon fuels and chemicals, including potential
applications in eMethanol and sustainable aviation fuel (eSAF).
The initiative was highlighted during a visit by South
Africa’s Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, to
Envision’s Chifeng Hydrogen Net Zero Industrial Park in Inner Mongolia, held as
part of the South Africa-China Energy Investment Conference.
Drawing on Envision’s expertise in renewable energy, battery energy storage systems, green hydrogen, and AI...
King Fahad Industrial Port in Yanbu has received a major shipment of wind energy equipment as part of Saudi Arabia s ongoing efforts to expand renewable energy capacity. In coordination with the Ministry of Energy and relevant authorities the port welcomed the vessel Pacific Titan which transported nine complete wind turbines along with their components and accessories for upcoming renewable energy projects. The shipment included 27 turbine blades and additional equipment required for wind-based electricity generation. The components are designated for the Starah and Shaqra wind energy projects which are part of the Kingdom s National Renewable Energy Programme aimed at diversifying energy sources and increasing the contribution of renewable energy to electricity generation. The programme is supervised by the Ministry of Ener...
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King Fahad Industrial Port in Yanbu has received a major shipment of wind energy equipment as part of Saudi Arabia’s ongoing efforts to expand renewable energy capacity.
In coordination with the Ministry of Energy and relevant
authorities, the port welcomed the vessel Pacific Titan, which transported nine
complete wind turbines along with their components and accessories for upcoming
renewable energy projects.
The shipment included 27 turbine blades and additional
equipment required for wind-based electricity generation.
The components are designated for the Starah and Shaqra wind
energy projects, which are part of the Kingdom’s National Renewable Energy
Programme aimed at diversifying energy sources and increasing the contribution
of renewable energy to electricity generation.
The programme is supervised by the Ministry of Ener...
Saudi Arabia s Al Henakiyah (1) Solar PV Plant part of the Kingdom s National Renewable Energy Programme supervised and implemented by the Ministry of Energy has a capacity of 1 100 MW enough to supply electricity to approximately 190 000 homes annually. Located south of Al Henakiyah Governorate in the Madinah Region the solar project began commercial operations in summer 2025. The electricity produced by the plant is purchased at a competitive tariff of 1.6842 US cents per kilowatt-hour reflecting the Kingdom s progress in achieving cost-effective renewable energy generation aligned with global standards. The project represents a key step in Saudi Arabia s efforts to expand renewable energy deployment advance energy storage solutions support the Liquid Fuel Displacement Program and contribute to emissions reduction targets. ...
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Saudi Arabia’s Al Henakiyah (1) Solar PV Plant, part of the Kingdom’s National Renewable Energy Programme supervised and implemented by the Ministry of Energy, has a capacity of 1,100 MW, enough to supply electricity to approximately 190,000 homes annually.
Located south of Al Henakiyah Governorate in the Madinah
Region, the solar project began commercial operations in summer 2025.
The electricity produced by the plant is purchased at a
competitive tariff of 1.6842 US cents per kilowatt-hour, reflecting the
Kingdom’s progress in achieving cost-effective renewable energy generation
aligned with global standards.
The project represents a key step in Saudi Arabia’s efforts
to expand renewable energy deployment, advance energy storage solutions,
support the Liquid Fuel Displacement Program, and contribute to emissions
reduction targets.
...
Abu Dhabi-based clean energy technology company Kinetic7 Technologies has highlighted hydrogen-on-demand systems as a potential solution to strengthen energy resilience as Europe and the UK face growing concerns over gas storage levels supply security and winter energy costs. The company said its proprietary technology produces hydrogen gas at the point of use reducing dependence on large-scale storage transportation infrastructure and imported fuels. Kinetic7 believes the approach could support commercial off-grid and emergency applications by providing a flexible source of clean energy. Founded by Australian technology entrepreneur and philanthropist Rick Parish Kinetic7 has developed portable hydrogen generation systems initially designed for humanitarian relief disaster response and remote communities. Its Nomad and T...
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Abu Dhabi-based clean energy technology company Kinetic7 Technologies has highlighted hydrogen-on-demand systems as a potential solution to strengthen energy resilience as Europe and the UK face growing concerns over gas storage levels, supply security and winter energy costs.
The company said its proprietary technology produces
hydrogen gas at the point of use, reducing dependence on large-scale storage,
transportation infrastructure and imported fuels.
Kinetic7 believes the approach could support commercial,
off-grid and emergency applications by providing a flexible source of clean
energy.
Founded by Australian technology entrepreneur and
philanthropist Rick Parish, Kinetic7 has developed portable hydrogen generation
systems initially designed for humanitarian relief, disaster response and
remote communities.
Its Nomad and T...
Intech has secured a contract to provide an integrated Digital Twin-powered energy and emissions intelligence solution for a leading petrochemical producer in Saudi Arabia supporting the company s sustainability goals and regulatory compliance requirements. The project will enable real-time monitoring of carbon emissions improve energy management and support compliance with requirements set by the Saudi Energy Efficiency Centre (SEEC) in line with Saudi Vision 2030 and the Saudi Green Initiative. The solution will replace traditional reporting and periodic audits with continuous data-driven energy management through real-time monitoring sustainability performance indicators and operational optimisation insights. Intech s scope covers engineering system configuration integration testing commissioning training and ongoing support for an enterprise digit...
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Intech has secured a contract to provide an integrated Digital Twin-powered energy and emissions intelligence solution for a leading petrochemical producer in Saudi Arabia, supporting the company’s sustainability goals and regulatory compliance requirements.
The project will enable real-time monitoring of carbon
emissions, improve energy management and support compliance with requirements
set by the Saudi Energy Efficiency Centre (SEEC), in line with Saudi Vision
2030 and the Saudi Green Initiative.
The solution will replace traditional reporting and periodic
audits with continuous, data-driven energy management through real-time
monitoring, sustainability performance indicators and operational optimisation
insights.
Intech’s scope covers engineering, system configuration, integration, testing, commissioning, training and ongoing support for an enterprise digit...
Saudi Arabia s National Energy Services Company (Tarshid) has announced that it has successfully completed the second phase of an energy efficiency retrofit project at the Islamic University of Madinah covering 43 buildings and facilities. The project included upgrades to cooling air conditioning and lighting systems aimed at improving energy efficiency and reducing electricity consumption said Tarshid in a statement. The Saudi energy services company said the retrofit introduced 15 energy efficiency measures including the replacement of existing chillers pumps and air conditioning units with higher-efficiency equipment in addition to the installation of variable frequency drives and advanced control systems and the replacement of conventional lighting with LED fixtures and occupancy sensors. On the key achievement CEO Waled bin Abdullah Al Ghreri said technical assessments carried out before the project identified significant opportunities to improve energy...
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Saudi Arabia's National Energy Services Company (Tarshid) has announced that it has successfully completed the second phase of an energy efficiency retrofit project at the Islamic University of Madinah, covering 43 buildings and facilities.
The project included upgrades to cooling, air conditioning and lighting systems aimed at improving energy efficiency and reducing electricity consumption, said Tarshid in a statement.
The Saudi energy services company said the retrofit introduced 15 energy efficiency measures, including the replacement of existing chillers, pumps and air conditioning units with higher-efficiency equipment in addition to the installation of variable frequency drives and advanced control systems, and the replacement of conventional lighting with LED fixtures and occupancy sensors.
On the key achievement, CEO Waled bin Abdullah Al Ghreri said technical assessments carried out before the project identified significant opportunities to improve energy...
Saudi Energy Company posted a 10.5% year on year (YoY) growth in H1 revenue to SAR52.2 billion ( 13.94 billion) EBITDA rose by 8.2% to SAR21.5 billion and net profit increased by 7.5% to SAR6.7 billion. The performance was supported by strategic investments and sustained operational excellence enabling the Kingdom s energy transition and meeting the growing demand. Khalid Al-Ghamdi CEO of Saudi Energy said: Our H1 2026 performance reflects the resilience of Saudi Energy s regulated business model and the disciplined execution of our strategy. During the period we continued to strengthen the national electricity system enhance operational reliability and expand the infrastructure required to meet growing demand and support the Kingdom s economic transformation. He added: The continued double-digit growth in our regulated asset base is enhancing earnings visibility and strengthening the foundation for long term infrastructure-led growth. Concurr...
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Saudi Energy Company posted a 10.5% year on year (YoY) growth in H1 revenue to SAR52.2 billion ($13.94 billion), EBITDA rose by 8.2% to SAR21.5 billion, and net profit increased by 7.5% to SAR6.7 billion.
The performance was supported by strategic investments and sustained operational excellence enabling the Kingdom’s energy transition and meeting the growing demand.
Khalid Al-Ghamdi, CEO of Saudi Energy, said: “Our H1 2026 performance reflects the resilience of Saudi Energy’s regulated business model and the disciplined execution of our strategy. During the period, we continued to strengthen the national electricity system, enhance operational reliability and expand the infrastructure required to meet growing demand and support the Kingdom’s economic transformation.”
He added: “The continued double-digit growth in our regulated asset base is enhancing earnings visibility and strengthening the foundation for long term, infrastructure-led growth. Concurr...
Trenchless Middle East the region s largest and longest-running exhibition and conference dedicated to trenchless technology and underground infrastructure will take place in Riyadh for the first time on December 2 and 3 2026. Hosted at the Riyadh Marriott Hotel the 15th edition of the event will bring together infrastructure authorities utility providers municipalities consultants engineers contractors manufacturers suppliers and technology specialists from across the Middle East and the wider international trenchless community. The move to Riyadh marks an important new chapter for Trenchless Middle East positioning the event at the heart of Saudi Arabia s rapidly expanding infrastructure market and the major development programmes being delivered across the Kingdom Westrade Group the organisers said. Supported by the International Society for Trenchless Technology (ISTT) and the Association of Trenchless Technologies Middle East (ATTME) Tren...
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Trenchless Middle East, the region’s largest and longest-running exhibition and conference dedicated to trenchless technology and underground infrastructure, will take place in Riyadh for the first time on December 2 and 3, 2026.
Hosted at the Riyadh Marriott Hotel, the 15th edition of the event will bring together infrastructure authorities, utility providers, municipalities, consultants, engineers, contractors, manufacturers, suppliers and technology specialists from across the Middle East and the wider international trenchless community.
The move to Riyadh marks an important new chapter for Trenchless Middle East, positioning the event at the heart of Saudi Arabia’s rapidly expanding infrastructure market and the major development programmes being delivered across the Kingdom, Westrade Group, the organisers, said.
Supported by the International Society for Trenchless Technology (ISTT) and the Association of Trenchless Technologies Middle East (ATTME), Tren...
The International Renewable Energy Agency (Irena) has invited public and private sector renewable energy developers in Central America and the Caribbean to submit project proposals for potential financing through its Climate Investment Platform (CIP) and Energy Transition Accelerator Financing (ETAF) platform. The initiative aims to accelerate renewable energy deployment and support the decarbonisation of economies across 19 eligible countries while promoting a just energy transition. Selected projects could gain access to financing investment partnerships and de-risking instruments. Eligible projects include renewable power generation supporting infrastructure e-mobility green industrialisation and renewable energy supply chains covering technologies such as solar wind hydropower geothermal bioenergy green hydrogen and clean transportation. /o:p...
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The International Renewable Energy Agency (Irena) has invited public and private sector renewable energy developers in Central America and the Caribbean to submit project proposals for potential financing through its Climate Investment Platform (CIP) and Energy Transition Accelerator Financing (ETAF) platform.
The initiative aims to accelerate renewable energy
deployment and support the decarbonisation of economies across 19 eligible
countries, while promoting a just energy transition.
Selected projects could gain access to financing, investment
partnerships and de-risking instruments.
Eligible projects include renewable power generation,
supporting infrastructure, e-mobility, green industrialisation and renewable
energy supply chains, covering technologies such as solar, wind, hydropower,
geothermal, bioenergy, green hydrogen and clean transportation.
The Saudi Oil Sustainability Programme is sponsoring the Women and Energy Association s WE Rise 2026 mentorship programme to support national talent development and increase women s participation in the energy sector. The specialised initiative aims to prepare emerging female leaders through professional mentoring knowledge exchange and networking opportunities with experts from local and international organisations. The sponsorship will support the programme s activities and events helping strengthen its impact in developing women s capabilities and building a new generation of energy sector leaders. The initiative aligns with the objectives of Saudi Vision 2030 by promoting sustainable development empowering national talent and creating opportunities for professional growth. It also highlights the Oil Sustainability Programm...
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The Saudi Oil Sustainability Programme is sponsoring the Women and Energy Association’s WE Rise 2026 mentorship programme to support national talent development and increase women’s participation in the energy sector.
The specialised initiative aims to prepare emerging female
leaders through professional mentoring, knowledge exchange and networking
opportunities with experts from local and international organisations.
The sponsorship will support the programme’s activities and
events, helping strengthen its impact in developing women’s capabilities and
building a new generation of energy sector leaders.
The initiative aligns with the objectives of Saudi Vision
2030 by promoting sustainable development, empowering national talent and
creating opportunities for professional growth.
It also highlights the Oil Sustainability Programm...
Ebara Elliott Energy (EEE) has secured one of the largest contracts in its 110-year history winning a major order from Larsen & Toubro (L&T) to supply advanced compressor technology for a mega-scale gas infrastructure project in the Middle East. The contract covers the delivery of nine customised centrifugal compressors designed for high-pressure gas processing supporting a multi-billion-dollar regional energy expansion project. EEE secured the award by offering a flexible phased delivery schedule and precise milestone planning to meet the project s demanding timelines. Deliveries will begin in line with the project schedule leveraging the company s global manufacturing capabilities and advanced testing facilities. The world needs dependable energy today while planning f...
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Ebara Elliott Energy (EEE) has secured one of the largest contracts in its 110-year history, winning a major order from Larsen & Toubro (L&T) to supply advanced compressor technology for a mega-scale gas infrastructure project in the Middle East.
The contract covers the delivery of nine customised
centrifugal compressors designed for high-pressure gas processing, supporting a
multi-billion-dollar regional energy expansion project.
EEE secured the award by offering a flexible phased delivery
schedule and precise milestone planning to meet the project's demanding
timelines.
Deliveries will begin in line with the project schedule,
leveraging the company’s global manufacturing capabilities and advanced testing
facilities.
"The world needs dependable energy today while planning f...
Metal Park a plug and play ecosystem for metal sector based in Kezad Abu Dhabi has announced China Energy Engineering Corporation (Energy China) a Fortune Global 500 company as one of its latest occupants with the company establishing its project office to support the delivery of the Taweelah C Independent Power Project. The launch of Energy China s project office at Metal Park Business Center reflects a common requirement across major industrial and infrastructure developments. EPC contractors engineering consultants equipment suppliers and project management teams typically require a professional operational base for several months or even years while delivering projects in the UAE said the statement from Metal Park. Recently Energy China had signed the EPC contract for the 2.6 GW Taweelah C Combined Cycle Gas Turbine (CCGT) Power Plant where it will lead engineering procurement construction commissioning training and warranty services th...
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Metal Park, a plug and play ecosystem for metal sector based in Kezad, Abu Dhabi, has announced China Energy Engineering Corporation (Energy China), a Fortune Global 500 company, as one of its latest occupants, with the company establishing its project office to support the delivery of the Taweelah C Independent Power Project.
The launch of Energy China's project office at Metal Park Business Center reflects a common requirement across major industrial and infrastructure developments.
EPC contractors, engineering consultants, equipment suppliers, and project management teams typically require a professional operational base for several months, or even years, while delivering projects in the UAE, said the statement from Metal Park.
Recently, Energy China had signed the EPC contract for the 2.6 GW Taweelah C Combined Cycle Gas Turbine (CCGT) Power Plant, where it will lead engineering, procurement, construction, commissioning, training, and warranty services th...
The Saudi Water Authority (SWA) has announced plans to begin local manufacturing of energy recovery devices (ERDs) marking the establishment of the world s first facility of its kind outside the US. The specialised desalination technology previously produced only in the US will be manufactured in Saudi Arabia from the first quarter of 2027. The facility established by Energy Recovery will have an annual production capacity of 2 000 units exceeding the Kingdom s estimated yearly demand of around 1 200 units and achieving local supply self-sufficiency. Around 40 per cent of production is expected to be exported to markets across the GCC Africa and Asia. ERDs play a key role in improving desalination plant efficiency by reducing energy consumption and operating costs. Local production will help minimise import dependence improve supply chain reliability and ensure faster access to critical technologies supporting the Kingdom s wat...
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The Saudi Water Authority (SWA) has announced plans to begin local manufacturing of energy recovery devices (ERDs), marking the establishment of the world’s first facility of its kind outside the US.
The specialised desalination technology, previously produced only in the US, will be manufactured in Saudi Arabia from the first quarter of 2027.
The facility, established by Energy Recovery, will have an annual production capacity of 2,000 units, exceeding the Kingdom’s estimated yearly demand of around 1,200 units and achieving local supply self-sufficiency.
Around 40 per cent of production is expected to be exported to markets across the GCC, Africa and Asia.
ERDs play a key role in improving desalination plant efficiency by reducing energy consumption and operating costs.
Local production will help minimise import dependence, improve supply chain reliability and ensure faster access to critical technologies supporting the Kingdom’s wat...
Cleveland Clinic Abu Dhabi has introduced the first robotically-assisted bronchoscopy technology in Middle East enabling access to the smallest lung nodules deep within the lungs often the earliest visible signs of lung cancer. This supports accurate diagnosis at early stages without the need for open surgery it said. The MONARCH platform enables physicians to guide a flexible endoscope deep into the lungs with enhanced stability and precision allowing real-time targeting of small hard-to-reach nodules for biopsy. This supports earlier diagnosis and strengthens the ability to intervene at the right time with more targeted treatment strategies. The minimally invasive procedure is performed under general anesthesia and is usually completed in 30 to 75 minutes. For patients these capabilities translate into a safer less invasive care experience with faster and more accurate diagnosis untimely improving clinical outcomes and quality of life. ...
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Cleveland Clinic Abu Dhabi has introduced the first robotically-assisted bronchoscopy technology in Middle East, enabling access to the smallest lung nodules deep within the lungs, often the earliest visible signs of lung cancer.
This supports accurate diagnosis at early stages without the need for open surgery, it said.
The MONARCH platform enables physicians to guide a flexible endoscope deep into the lungs with enhanced stability and precision, allowing real-time targeting of small, hard-to-reach nodules for biopsy. This supports earlier diagnosis and strengthens the ability to intervene at the right time with more targeted treatment strategies.
The minimally invasive procedure is performed under general anesthesia and is usually completed in 30 to 75 minutes. For patients, these capabilities translate into a safer, less invasive care experience, with faster and more accurate diagnosis, untimely improving clinical outcomes and quality of life. <...
NMDC Energy reported strong financial and operational performance for the first half of 2026 with revenues rising 16% year on year to AED9.5 billion ( 2.6 billion) compared with AED8.2 billion during the same period in 2025. The Abu Dhabi-based engineering procurement and construction (EPC) services company attributed the growth to a diversified revenue mix with 70% generated from local operations and 30% from international projects. The company recorded a net profit of AED251 million in H1 2026 supported by disciplined project execution and a strong order pipeline. Its backlog reached AED33.3 billion by the end of June while new projects worth AED2.2 billion were secured during the second quarter strengthening future revenue visibility. NMDC Energy maintained a solid financial position ending the period with AED3.3 bi...
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NMDC Energy reported strong financial and operational performance for the first half of 2026, with revenues rising 16% year on year to AED9.5 billion ($2.6 billion), compared with AED8.2 billion during the same period in 2025.
The Abu Dhabi-based engineering, procurement, and
construction (EPC) services company attributed the growth to a diversified
revenue mix, with 70% generated from local operations and 30% from
international projects.
The company recorded a net profit of AED251 million in H1
2026, supported by disciplined project execution and a strong order pipeline.
Its backlog reached AED33.3 billion by the end of June,
while new projects worth AED2.2 billion were secured during the second quarter,
strengthening future revenue visibility.
NMDC Energy maintained a solid financial position, ending the period with AED3.3 bi...
Masdar Abu Dhabi energy company and Montenegro s national power utility Elektroprivreda Crne Gore (EPCG) have moved their renewable energy partnership into the project execution phase with agreements covering 150 MW of solar capacity and potential development of more than 400 MW of pumped hydro energy storage. The agreements mark the first projects to advance under the planned 50/50 joint venture between Masdar and EPCG which aims to develop up to 2 GW of renewable energy capacity in Montenegro. The partnership is designed to strengthen the country s energy security meet rising domestic electricity demand and create opportunities for renewable power exports to neighbouring European markets. The project agreements include the 115 MW Štedim solar photovoltaic (PV) project and the 35 MW Krupac solar PV project. Masdar and EPC...
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Masdar, Abu Dhabi energy company, and Montenegro’s national power utility Elektroprivreda Crne Gore (EPCG) have moved their renewable energy partnership into the project execution phase, with agreements covering 150 MW of solar capacity and potential development of more than 400 MW of pumped hydro energy storage.
The agreements mark the first projects to advance under the
planned 50/50 joint venture between Masdar and EPCG, which aims to develop up
to 2 GW of renewable energy capacity in Montenegro.
The partnership is designed to strengthen the country’s
energy security, meet rising domestic electricity demand and create
opportunities for renewable power exports to neighbouring European markets.
The project agreements include the 115 MW Štedim solar
photovoltaic (PV) project and the 35 MW Krupac solar PV project.
Masdar and EPC...
Swedish solar energy company Midsummer has secured its largest single order to date winning a contract to supply 667 kW of its thin lightweight solar panels for an off-grid field installation. The project will cover more than 5 000 square metres and include over 1 300 of Midsummer s BOLD panels with delivery and installation scheduled for the fourth quarter of 2026. The project has been jointly developed by Midsummer and Denmark-based Green Energy Group which selected the technology for its low weight durability ease of integration sustainable design and traceable supply chain. Green Energy Group specialises in lightweight and flexible solar solutions for transport mobility and infrastructure and has completed more than 3 000 installations across Europe. Midsummer said its lightweight panels are particularly suited to ...
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Swedish solar energy company Midsummer has secured its largest single order to date, winning a contract to supply 667 kW of its thin, lightweight solar panels for an off-grid field installation.
The project will cover more than 5,000 square metres and
include over 1,300 of Midsummer's BOLD panels, with delivery and installation
scheduled for the fourth quarter of 2026.
The project has been jointly developed by Midsummer and
Denmark-based Green Energy Group, which selected the technology for its low
weight, durability, ease of integration, sustainable design and traceable
supply chain.
Green Energy Group specialises in lightweight and flexible
solar solutions for transport, mobility and infrastructure, and has completed
more than 3,000 installations across Europe.
Midsummer said its lightweight panels are particularly suited to ...
Renewable energy accounted for 26.2 per cent of the European Union s (EU) gross final energy consumption in 2025 according to Eurostat the European Statistical Office up from 25.2 per cent in 2024. The increase continues a long-term upward trend from 9.6 per cent in 2004 but the bloc remains behind its 2030 target of 42.5 per cent. To meet the target the EU would need to increase renewable energy s share by an average of 3.3 percentage points annually between 2026 and 2030 highlighting the scale of the transition challenge. Sweden recorded the highest renewable energy share among EU member states at 65.4 per cent driven mainly by solid biomass hydropower and wind. Finland followed with 53.0 per cent supported by biomass wind and hydro while Denmark reached 48.2 per cent through biomass wind and biogas. /p...
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Renewable energy accounted for 26.2 per cent of the European Union’s (EU) gross final energy consumption in 2025, according to Eurostat, the European Statistical Office, up from 25.2 per cent in 2024.
The increase continues a long-term upward trend from 9.6 per
cent in 2004, but the bloc remains behind its 2030 target of 42.5 per cent.
To meet the target, the EU would need to increase renewable
energy’s share by an average of 3.3 percentage points annually between 2026 and
2030, highlighting the scale of the transition challenge.
Sweden recorded the highest renewable energy share among EU
member states at 65.4 per cent, driven mainly by solid biomass, hydropower and
wind.
Finland followed with 53.0 per cent, supported by biomass,
wind and hydro, while Denmark reached 48.2 per cent through biomass, wind and
biogas.
Beyon has been ranked third among the Best Workplaces in Technology in the Middle East for 2026 according to Great Place to Work Middle East in recognition of its commitment to fostering a workplace culture that empowers employees and drives innovation. Only organisations that have first achieved Great Place to Work Certification are eligible for consideration for this accolade. Beyon has maintained its Great Place to Work Certification for six consecutive years the company said. This recognition is based on confidential employee survey data assessing workplace trust innovation leadership and company values as well as how effectively organisations create an inclusive workplace experience for all employees. Beyon Chief Human Resources Officer Faisal Al Jalahma said: Being recognised among the Middle East s leading technology workplaces reflects the culture we continue to build across the Group where our people are empowered to innovate grow and make a...
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Beyon has been ranked third among the Best Workplaces in Technology in the Middle East for 2026, according to Great Place to Work Middle East, in recognition of its commitment to fostering a workplace culture that empowers employees and drives innovation.
Only organisations that have first achieved Great Place to Work Certification are eligible for consideration for this accolade. Beyon has maintained its Great Place to Work Certification for six consecutive years, the company said.
This recognition is based on confidential employee survey data assessing workplace trust, innovation, leadership and company values, as well as how effectively organisations create an inclusive workplace experience for all employees.
Beyon Chief Human Resources Officer Faisal Al Jalahma said: “Being recognised among the Middle East’s leading technology workplaces reflects the culture we continue to build across the Group, where our people are empowered to innovate, grow and make a...
Ebara Elliott Energy (EEE) has become the first company in the world to receive Type Approval certification for liquid hydrogen (LH2) cargo pumps used in maritime liquefied hydrogen carriers marking a significant advance in hydrogen shipping infrastructure. The certification validates the pumps design structural integrity and performance before deployment replacing the traditional Individual Approval process that requires inspection of each unit after installation. The new approach reduces technical risks ensures consistent manufacturing quality and enables faster deployment of certified equipment for global shipping operators. EEE secured the certification following extensive performance and durability testing using liquid hydrogen at cryogenic temperatures of -253 deg C. The trials were conducted at Ebara Group s large-...
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Ebara Elliott Energy (EEE) has become the first company in the world to receive Type Approval certification for liquid hydrogen (LH2) cargo pumps used in maritime liquefied hydrogen carriers, marking a significant advance in hydrogen shipping infrastructure.
The certification validates the pumps' design, structural
integrity and performance before deployment, replacing the traditional
Individual Approval process that requires inspection of each unit after
installation.
The new approach reduces technical risks, ensures consistent
manufacturing quality and enables faster deployment of certified equipment for
global shipping operators.
EEE secured the certification following extensive
performance and durability testing using liquid hydrogen at cryogenic
temperatures of -253 deg C.
The trials were conducted at Ebara Group's large-...
Iraqi Oil Minister Bassem Mohammed Khudair said the value of the energy-sector contracts and agreements signed in Washington during during Prime Minister Ali Al-Zaidi s visit to the United States amounted to around 200 billion. The deals are expected to create jobs increase Iraq s oil and gas reserves and production. He said they will also deliver broader social benefits including scholarship opportunities. Iraq s total oil production capacity has exceeded 4.8 million barrels per day as part of a strategic vision to develop Iraq s oil and gas sectors adding that agreements signed would help increase oil production and create employment opportunities. Khudair said Iraq is on track to achieve self-sufficiency in natural gas by 2030. He also said the government is engaged in serious and constructive talks with OPEC aimed at increasing the country s oil exports. He told Al-Mashhad programme broadcast by Al-Iraqiya News and followed by the Iraqi News Ag...
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Iraqi Oil Minister Bassem Mohammed Khudair said the value of the energy-sector contracts and agreements signed in Washington during during Prime Minister Ali Al-Zaidi's visit to the United States amounted to around $200 billion.
The deals are expected to create jobs, increase Iraq's oil and gas reserves and production. He said they will also deliver broader social benefits, including scholarship opportunities.
Iraq's total oil production capacity has exceeded 4.8 million barrels per day as part of a strategic vision to develop Iraq's oil and gas sectors, adding that agreements signed would help increase oil production and create employment opportunities.
Khudair said Iraq is on track to achieve self-sufficiency in natural gas by 2030. He also said the government is engaged in serious and constructive talks with OPEC aimed at increasing the country's oil exports.
He told Al-Mashhad programme, broadcast by Al-Iraqiya News and followed by the Iraqi News Ag...
Sabic has signed a Memorandum of Understanding (MoU) with CEER Saudi Arabia s first electric vehicle (EV) brand and original equipment manufacturer to explore collaboration opportunities in advanced materials and solutions for EV development and manufacturing. The agreement aims to evaluate the use of Sabic s innovative materials in CEER vehicle applications while jointly developing material and processing solutions to meet industry requirements. It also includes knowledge sharing in sustainability and technology as well as exploring strategic sourcing opportunities to support a locally developed EV supply chain aligned with global standards. The MoU was signed at Sabic s headquarters...
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Sabic has signed a Memorandum of Understanding (MoU) with CEER, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer, to explore collaboration opportunities in advanced materials and solutions for EV development and manufacturing.
The agreement aims to evaluate the use of
Sabic’s innovative materials in CEER vehicle applications, while jointly
developing material and processing solutions to meet industry requirements. It
also includes knowledge sharing in sustainability and technology, as well as
exploring strategic sourcing opportunities to support a locally developed EV
supply chain aligned with global standards.
The MoU was signed at Sabic’s headquarters...
In a swift overhaul of the cabinet following the resignation of Keir Starmer newly appointed Prime Minister of the UK Andy Burnham has named Miatta Fahnbulleh as the new Secretary of State for Energy Security and Net Zero. Fahnbulleh takes the helm at the Department for Energy Security and Net Zero (DESNZ) replacing Ed Miliband who has been appointed as Foreign Secretary. A member of the Labour and Co-operative Party Fahnbulleh previously served as an economic advisor to the new Prime Minister. Reacting to her appointment Fahnbulleh expressed her gratitude on social media describing it as An incredible honour to be appointed Secretary of State for Energy Security and Net Zero . STRONG BACKGROUND IN ECONOMICS & POLICY Fahnbulleh brings extensive economic expertise and policy experience to the role. Born in Liberia her family moved to the UK after fleeing civil war. She went on to study philosophy politics and economic...
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In a swift overhaul of the cabinet following the resignation of Keir Starmer, newly appointed Prime Minister of the UK, Andy Burnham, has named Miatta Fahnbulleh as the new Secretary of State for Energy Security and Net Zero.
Fahnbulleh takes the helm at the Department for Energy Security and Net Zero (DESNZ), replacing Ed Miliband, who has been appointed as Foreign Secretary.
A member of the Labour and Co-operative Party, Fahnbulleh previously served as an economic advisor to the new Prime Minister.
Reacting to her appointment, Fahnbulleh expressed her gratitude on social media, describing it as "An incredible honour to be appointed Secretary of State for Energy Security and Net Zero".
STRONG BACKGROUND IN ECONOMICS & POLICY
Fahnbulleh brings extensive economic expertise and policy experience to the role.
Born in Liberia, her family moved to the UK after fleeing civil war.
She went on to study philosophy, politics, and economic...
Business analyst George Okoroma has partnered with the Scottish Africa Business Association (SABA) to coordinate a senior West African energy delegation to Aberdeen this September creating new opportunities for collaboration between African energy companies and Scotland s energy sector. The four-day programme running from September 1 to 4 2026 will coincide with the Energy Exports Conference on September 2 and 3. The initiative aims to provide delegates with direct access to Scottish expertise across oil and gas renewables and energy transition technologies through private meetings industry roundtables site visits and networking opportunities. The partnership combines SABA s extensive Scottish and African business network with Okoroma s professional relationships across West African energy and engineering institutions. D...
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Business analyst George Okoroma has partnered with the Scottish Africa Business Association (SABA) to coordinate a senior West African energy delegation to Aberdeen this September, creating new opportunities for collaboration between African energy companies and Scotland’s energy sector.
The four-day programme, running from September 1 to 4, 2026,
will coincide with the Energy Exports Conference on September 2 and 3.
The initiative aims to provide delegates with direct access
to Scottish expertise across oil and gas, renewables and energy transition
technologies through private meetings, industry roundtables, site visits and
networking opportunities.
The partnership combines SABA’s extensive Scottish and
African business network with Okoroma’s professional relationships across West
African energy and engineering institutions.
D...
Companies serving the global energy industry are generating record levels of overseas revenue but remain reluctant to enter new export markets according to the latest Survive and Thrive report by the Energy Industries Council (EIC). The report found that exports accounted for an average of 57 per cent of company revenues in 2025 up from 49 per cent the previous year and the highest level in four years. However growth has largely come from existing international markets rather than expansion into new territories which remained the least-used business strategy for the 10th consecutive edition of the report. p class= MsoNormal style= margin-b...
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Companies serving the global energy industry are generating record levels of overseas revenue but remain reluctant to enter new export markets, according to the latest Survive and Thrive report by the Energy Industries Council (EIC).
The
report found that exports accounted for an average of 57 per cent of company
revenues in 2025, up from 49 per cent the previous year and the highest level
in four years.
However,
growth has largely come from existing international markets rather than
expansion into new territories, which remained the least-used business strategy
for the 10th consecutive edition of the report.
The King Abdullah Petroleum Studies and Research Centre (KAPSARC) and the Saudi Association for Energy Economics (SAEE) have announced the Call for Papers for the 4th International Association for Energy Economics (IAEE) MENA Conference scheduled for December 7 8 2026 at the KAPSARC campus in Riyadh Saudi Arabia. Held under the theme Rethinking Energy Security and Economic Resilience in a Fragmented World the conference will bring together economists researchers policymakers and industry leaders to examine key challenges shaping the global energy landscape. The event will explore issues including energy security evolving oil and gas markets trade and supply chain resilience industrial policy climate action critical minerals and the energy transition. Participants are invited to submit original research papers policy analyses and case studies cov...
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The King Abdullah Petroleum Studies and Research Centre (KAPSARC) and the Saudi Association for Energy Economics (SAEE) have announced the Call for Papers for the 4th International Association for Energy Economics (IAEE) MENA Conference, scheduled for December 7–8, 2026 at the KAPSARC campus in Riyadh, Saudi Arabia.
Held under the theme “Rethinking Energy Security and
Economic Resilience in a Fragmented World,” the conference will bring together
economists, researchers, policymakers, and industry leaders to examine key
challenges shaping the global energy landscape.
The event will explore issues including energy security,
evolving oil and gas markets, trade and supply chain resilience, industrial
policy, climate action, critical minerals, and the energy transition.
Participants are invited to submit original research papers, policy analyses, and case studies cov...
Egypt s Petroleum Ministry has announced that a consortium of Petrojet and ENPPI has secured a six-year engineering procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO) covering projects valued at more than 6 billion. The Egyptian consortium was among four global groups eligible to bid for projects under PDO s portfolio. The agreement supports Egypt s strategy to expand the international presence of its petroleum-sector companies and boost exports of engineering and technical services. It will also contribute to Oman s in-country value goals through knowledge transfer training for Omani engineers and greater involvement of local companies and supply chains strengthening energy cooperation between Egypt and Oman. -OGN /TradeArabia News Service ...
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Egypt’s Petroleum Ministry has announced that a consortium of Petrojet and ENPPI has secured a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), covering projects valued at more than $6 billion.
The Egyptian consortium was among four global groups eligible
to bid for projects under PDO’s portfolio.
The agreement supports Egypt’s strategy to expand the
international presence of its petroleum-sector companies and boost exports of
engineering and technical services.
It will also contribute to Oman’s in-country value goals
through knowledge transfer, training for Omani engineers, and greater
involvement of local companies and supply chains, strengthening energy
cooperation between Egypt and Oman. -OGN/TradeArabia News Service
The UAE has invested more than 85 billion in US energy assets across 19 states supporting power generation advanced chemicals and energy infrastructure. The investments have been made through XRG ADNOC and Masdar. The United States is the anchor market for Abu Dhabi-based XRG s growth strategy in the Americas. XRG is rapidly expanding its presence across the Americas assembling an integrated energy and industrial platform that extends the UAE s economic reach and reinforces its role as a long-term global investor. The United States is central to XRG s ambition to build a globally integrated energy and industrial platform said Philip Haddad CEO of XRG Americas. With teams on the ground in Washington D.C. and Houston we work with partners across the U.S. to identify investments that connect American energy and industrial capabilities with growing global demand. In doing so we are supporting XRG s growth while advancing the UAE s role as a long-ter...
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The UAE has invested more than $85 billion in US energy assets across 19 states, supporting power generation, advanced chemicals, and energy infrastructure.
The investments have been made through XRG, ADNOC, and Masdar.
The United States is the anchor market for Abu Dhabi-based XRG’s growth strategy in the Americas. XRG is rapidly expanding its presence across the Americas, assembling an integrated energy and industrial platform that extends the UAE’s economic reach and reinforces its role as a long-term global investor.
“The United States is central to XRG’s ambition to build a globally integrated energy and industrial platform,” said Philip Haddad, CEO of XRG Americas. “With teams on the ground in Washington, D.C. and Houston we work with partners across the U.S. to identify investments that connect American energy and industrial capabilities with growing global demand. In doing so, we are supporting XRG’s growth while advancing the UAE’s role as a long-ter...
Iraq has signed strategic energy agreements with major international companies as part of a wider package of 48 strategic agreements memorandums of understanding (MoUs) and economic partnerships across different sectors overseen by Prime Minister Ali Al Zaidi. According to the Prime Minister s Media Office the agreements mark a step towards strengthening Iraq s economic partnerships and attracting foreign investment. In the energy sector Iraq s Ministries of Oil and Electricity and state-owned entities signed cooperation frameworks with global energy companies including ExxonMobil KBR GE Vernova Shell and Halliburton. The partnerships aim to support investment technology transfer and infrastructure development across Iraq s oil and power industries including energy generation oil field services and sector modernisation. p class= MsoNormal...
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Iraq has signed strategic energy agreements with major international companies as part of a wider package of 48 strategic agreements, memorandums of understanding (MoUs) and economic partnerships across different sectors, overseen by Prime Minister Ali Al Zaidi.
According to the Prime Minister’s Media Office, the
agreements mark a step towards strengthening Iraq’s economic partnerships and
attracting foreign investment.
In the energy sector, Iraq’s Ministries of Oil and
Electricity and state-owned entities signed cooperation frameworks with global
energy companies including ExxonMobil, KBR, GE Vernova, Shell and Halliburton.
The partnerships aim to support investment, technology
transfer and infrastructure development across Iraq’s oil and power industries,
including energy generation, oil field services and sector modernisation.
SGS has signed a Memorandum of Understanding (MoU) with Al Jeri Investment Company to explore collaboration opportunities across strategic sectors including energy logistics and industrial services in Saudi Arabia. The two-year agreement aims to combine SGS s global testing inspection and certification expertise with Al Jeri Investment s industry knowledge to develop solutions that enhance compliance operational efficiency and safety standards. The partnership will focus on identifying potential projects and delivering services that support improved quality management risk reduction and operational performance. The companies will develop joint initiatives through separate agreements based on specific business needs. The collaboration is expected to strengthen confidence across industrial operations while supporting sustaina...
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SGS has signed a Memorandum of Understanding (MoU) with Al Jeri Investment Company to explore collaboration opportunities across strategic sectors, including energy, logistics and industrial services in Saudi Arabia.
The two-year agreement aims to combine SGS’s global testing,
inspection and certification expertise with Al Jeri Investment’s industry
knowledge to develop solutions that enhance compliance, operational efficiency
and safety standards.
The partnership will focus on identifying potential projects
and delivering services that support improved quality management, risk
reduction and operational performance.
The companies will develop joint initiatives through
separate agreements based on specific business needs.
The collaboration is expected to strengthen confidence across industrial operations while supporting sustaina...
Honeywell Technologies has completed its 1.325 billion ( 1.8 billion) all-cash acquisition of Johnson Matthey s Catalyst Technologies business strengthening its portfolio across refining petrochemicals and renewable fuels. The deal expands Honeywell s end-to-end energy and process technology offering combining catalyst solutions with its automation and digital capabilities. The company said the acquisition will broaden its global customer base and support the delivery of integrated solutions aimed at improving operational efficiency performance and industrial productivity. This acquisition significantly enhances Honeywell Technologies ability to deliver end-to-end solutions that help our customers drive efficiency reduce emissions and accelerate energy security goals said Ken West President and CEO Process Technology Honey...
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Honeywell Technologies has completed its £1.325 billion ($1.8 billion) all-cash acquisition of Johnson Matthey’s Catalyst Technologies business, strengthening its portfolio across refining, petrochemicals and renewable fuels.
The deal expands Honeywell’s end-to-end energy and process
technology offering, combining catalyst solutions with its automation and
digital capabilities.
The company said the acquisition will broaden its global
customer base and support the delivery of integrated solutions aimed at
improving operational efficiency, performance and industrial productivity.
“This acquisition significantly enhances Honeywell Technologies’ ability to deliver end-to-end solutions that help our customers drive efficiency, reduce emissions and accelerate energy security goals,” said Ken West, President and CEO, Process Technology, Honey...
NGK Corporation and Kyoto Fusioneering (KF) have formed a strategic partnership to develop and commercialise FLiBe a molten salt made from lithium fluoride and beryllium fluoride for use in future fusion power plants and demonstration facilities. The companies aim to establish the technological foundation and supply chain needed to support the commercialisation of fusion energy a next-generation clean energy source designed to improve energy security while supporting decarbonisation goals. FLiBe is considered a key material for fusion systems because it can transfer heat from reactors while helping produce tritium a fuel required for fusion reactions. However large-scale deployment requires advanced expertise in beryllium handling purification quality control and long-term molten salt circulation systems. NGK brings more...
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NGK Corporation and Kyoto Fusioneering (KF) have formed a strategic partnership to develop and commercialise FLiBe, a molten salt made from lithium fluoride and beryllium fluoride, for use in future fusion power plants and demonstration facilities.
The companies aim to establish the technological foundation
and supply chain needed to support the commercialisation of fusion energy, a
next-generation clean energy source designed to improve energy security while
supporting decarbonisation goals.
FLiBe is considered a key material for fusion systems
because it can transfer heat from reactors while helping produce tritium, a
fuel required for fusion reactions.
However, large-scale deployment requires advanced expertise
in beryllium handling, purification, quality control and long-term molten salt
circulation systems.
NGK brings more...
The European Investment Bank (EIB) Group has approved 17.4 billion ( 20 billion) in new financing to strengthen Europe s energy security competitiveness and strategic partnerships. Of the total 3.7 billion will support projects aimed at reducing dependence on fossil fuels and accelerating the energy transition. The funding includes support for nuclear power in Romania electricity grid upgrades in Belgium and Spain wind farms in Germany and solar energy projects in France. The EIB said the investments will help electrify the European economy making it more resilient sustainable and inclusive. Beyond the European Union the bank also approved financing for wind energy in Egypt solar power and electricity grids in Tunisia and sustainable agriculture in Moldova. p class= Ms...
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The European Investment Bank (EIB) Group has approved €17.4 billion ($20 billion) in new financing to strengthen Europe’s energy security, competitiveness and strategic partnerships.
Of the total, €3.7 billion will support projects aimed at
reducing dependence on fossil fuels and accelerating the energy transition.
The funding includes support for nuclear power in Romania,
electricity grid upgrades in Belgium and Spain, wind farms in Germany, and
solar energy projects in France.
The EIB said the investments will help electrify the
European economy, making it more resilient, sustainable and inclusive.
Beyond the European Union, the bank also approved financing
for wind energy in Egypt, solar power and electricity grids in Tunisia, and
sustainable agriculture in Moldova.
Renewable energy consultancy OWC Korea Leading Energy Management (KLEM) and energy solutions provider OEG have signed a tripartite memorandum of understanding (MoU) to jointly deliver offshore wind balance of plant (BoP) operations and maintenance (O&M) services in South Korea. Under the agreement KLEM will serve as the main BoP O&M contractor while OWC will provide technical assurance and asset management services. OEG will contribute marine subsea and offshore operational expertise. The partners aim to offer offshore wind developers and operators a single-team solution that enhances safety efficiency and commercial competitiveness across BoP O&M activities. The collaboration is intended to support the growth of South Korea s offshore wind sector by combining complementary capabilities. p clas...
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Renewable energy consultancy OWC, Korea Leading Energy Management (KLEM) and energy solutions provider OEG have signed a tripartite memorandum of understanding (MoU) to jointly deliver offshore wind balance of plant (BoP) operations and maintenance (O&M) services in South Korea.
Under the agreement, KLEM will serve as the main BoP O&M
contractor, while OWC will provide technical assurance and asset management
services.
OEG will contribute marine, subsea and offshore operational
expertise.
The partners aim to offer offshore wind developers and
operators a single-team solution that enhances safety, efficiency and
commercial competitiveness across BoP O&M activities.
The collaboration is intended to support the growth of South
Korea’s offshore wind sector by combining complementary capabilities.
David Latin Chair of Serica Energy and Yaniv Friedman Executive Chairman of Ithaca Energy have been appointed co-chairs of the conference and executive committee for SPE Offshore Europe 2027 (OE27) which will take place at P&J Live in Aberdeen from September 7 9 2027. Founded in 1973 SPE Offshore Europe is one of Europe s largest offshore energy events bringing together industry leaders policymakers and technical experts to discuss the future of the offshore sector and Europe s evolving energy mix. The conference aims to provide practical insights technical expertise and market intelligence to help businesses navigate uncertainty and investment challenges. The 2027 event comes as Europe s energy landscape continues to face geopolitical policy and regulatory pressures affecting offshore investment. While renewabl...
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David Latin, Chair of Serica Energy, and Yaniv Friedman, Executive Chairman of Ithaca Energy, have been appointed co-chairs of the conference and executive committee for SPE Offshore Europe 2027 (OE27), which will take place at P&J Live in Aberdeen from September 7–9, 2027.
Founded in 1973, SPE Offshore Europe is one of Europe’s
largest offshore energy events, bringing together industry leaders,
policymakers and technical experts to discuss the future of the offshore sector
and Europe’s evolving energy mix.
The conference aims to provide practical insights, technical
expertise and market intelligence to help businesses navigate uncertainty and
investment challenges.
The 2027 event comes as Europe’s energy landscape continues
to face geopolitical, policy and regulatory pressures affecting offshore
investment.
While renewabl...
bp has reached an agreement with Verdane to divest bp Ventures minority interests in more than 10 companies in its portfolio subject to regulatory and contractual approvals. The transaction includes most of bp Ventures minority interests across a range of energy-related technologies. It supports bp s continued focus on simplifying its portfolio and disciplined capital allocation while providing the portfolio companies with an investor focused on supporting their next phase of development. bp will retain interests in a small number of investments where the technology has the potential to create value for its businesses. The divestment is expected to complete by the second quarter of 2027. -OGN /TradeArabia News Service ...
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bp has reached an agreement with Verdane to divest bp
Ventures’ minority interests in more than 10 companies in its portfolio,
subject to regulatory and contractual approvals.
The transaction includes most of bp Ventures' minority
interests across a range of energy-related technologies. It supports bp's
continued focus on simplifying its portfolio and disciplined capital
allocation, while providing the portfolio companies with an investor focused on
supporting their next phase of development.
bp will retain interests in a small number of investments
where the technology has the potential to create value for its businesses.
The divestment is expected to complete by the second quarter
of 2027. -OGN/TradeArabia News Service
Volarix Global a Bahrain-based company specialising in technology innovation and energy infrastructure has announced the formation of an integrated platform in the kingdom established to develop and deploy next-generation systems across key sectors. The areas the platform will cover include: advanced energy artificial intelligence digital infrastructure electric mobility and regulated financial technology. Through this new platform Volarix Global will coordinate and manage a portfolio of strategic technology projects and partnerships across several vital sectors including AI-ready data centers advanced energy systems EV charging infrastructure electric vehicle platforms regulated digital banking infrastructure and energy-backed digital finance solutions the company said. The company will launch these projects through a phased development strategy with each project to be announced once the required commercial technical and regulatory stages have ...
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Volarix Global, a Bahrain-based company specialising in technology, innovation, and energy infrastructure, has announced the formation of an integrated platform in the kingdom, established to develop and deploy next-generation systems across key sectors.
The areas the platform will cover include: advanced energy, artificial intelligence, digital infrastructure, electric mobility, and regulated financial technology.
Through this new platform, Volarix Global will coordinate and manage a portfolio of strategic technology projects and partnerships across several vital sectors, including AI-ready data centers, advanced energy systems, EV charging infrastructure, electric vehicle platforms, regulated digital banking infrastructure, and energy-backed digital finance solutions, the company said.
The company will launch these projects through a phased development strategy, with each project to be announced once the required commercial, technical, and regulatory stages have ...
US President Donald Trump met today (July 15) at the White House with Iraqi Prime Minister Ali Faleh Al Zaidi who is on a visit to the United States. During the meeting they discussed ways to strengthen bilateral relations and the talks focused on strengthening bilateral relations expanding economic ties and enhancing cooperation in energy according to statements released after the meeting. Trump said the US had supported Iraq in its fight against Islamic State also known as Daesh and would continue backing Al-Zaidi s government in efforts to promote stability and advance economic initiatives. He also highlighted Iraq s importance to global energy markets. He also underscored Iraq s significant importance in the fields of energy and the global economy. Prime Minister Al-Zaidi affirmed Iraq needs a strategic partner of the stature of the United States to overcome the economic and technological challenges it faces. In remarks following his meeting w...
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US President Donald Trump met today (July 15) at the White House with Iraqi Prime Minister Ali Faleh Al Zaidi, who is on a visit to the United States.
During the meeting, they discussed ways to strengthen bilateral relations and the talks focused on strengthening bilateral relations, expanding economic ties and enhancing cooperation in energy, according to statements released after the meeting.
Trump said the US had supported Iraq in its fight against Islamic State, also known as Daesh, and would continue backing Al-Zaidi's government in efforts to promote stability and advance economic initiatives. He also highlighted Iraq's importance to global energy markets.
He also underscored Iraq’s significant importance in the fields of energy and the global economy.
Prime Minister Al-Zaidi affirmed Iraq needs a strategic partner of the stature of the United States to overcome the economic and technological challenges it faces.
In remarks following his meeting w...
By Danielle Curtis Regional Portfolio Director-UAE RX Global The travel and tourism industry has always demonstrated an extraordinary ability to adapt. Whether responding to economic uncertainty global health crises or geopolitical developments our sector has consistently shown that collaboration innovation and resilience are the foundations of long-term growth. span lang= en-A...
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By Danielle Curtis, Regional Portfolio Director-UAE, RX Global
The travel and tourism industry has always demonstrated an extraordinary ability to adapt.
Whether responding to economic uncertainty, global health crises or geopolitical developments, our sector has consistently shown that collaboration, innovation and resilience are the foundations of long-term growth.
SLB and Liberty Energy have announced a strategic alliance to provide modular infrastructure and integrated power generation solutions for new data centre projects worldwide. The partnership aims to support the rapid expansion of data centre capacity driven by growing demand from artificial intelligence (AI) and high-performance computing applications. Under the agreement SLB will contribute modular infrastructure project execution capabilities and global market reach while Liberty will provide modular power generation systems intelligent behind-the-meter power controls and operational expertise. The companies will also explore technologies including hybrid power systems digital energy management and advanced power architectures to improve efficiency flexibility and environmental performance. The bottleneck in AI infrastr...
SLB, Liberty Energy form alliance to support AI data centre growth
SLB and Liberty Energy have announced a strategic alliance to provide modular infrastructure and integrated power generation solutions for new data centre projects worldwide.
The partnership aims to support the rapid expansion of data centre
capacity driven by growing demand from artificial intelligence (AI) and
high-performance computing applications.
Under the agreement, SLB will contribute modular
infrastructure, project execution capabilities and global market reach, while
Liberty will provide modular power generation systems, intelligent
behind-the-meter power controls and operational expertise.
The companies will also explore technologies including
hybrid power systems, digital energy management and advanced power
architectures to improve efficiency, flexibility and environmental performance.
“The bottleneck in AI infrastr...
Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States reimposition of a naval blockade on Iranian ports and fresh threats from Iran s Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports. Brent crude futures rose about 0.77% to 85.38 a barrel while US West Texas Intermediate crude was at 79.73 a barrel. The gains followed Tuesday s 2% rally that lifted both benchmarks to their highest levels in about a month as military exchanges between Washington and Tehran heightened concerns over supplies from the world s most important oil transit chokepoint. The Strait of Hormuz normally carries around one-fifth of global oil and liquefied natural gas shipments making any disruption to traffic through the narrow waterway a major concern for energy markets. The latest rally comes after President Donald Trump reinstated a US naval...
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Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States' reimposition of a naval blockade on Iranian ports and fresh threats from Iran's Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports.
Brent crude futures rose about 0.77%, to $85.38 a barrel, while US West Texas Intermediate crude was at $79.73 a barrel. The gains followed Tuesday's 2% rally that lifted both benchmarks to their highest levels in about a month as military exchanges between Washington and Tehran heightened concerns over supplies from the world's most important oil transit chokepoint.
The Strait of Hormuz normally carries around one-fifth of global oil and liquefied natural gas shipments, making any disruption to traffic through the narrow waterway a major concern for energy markets.
The latest rally comes after President Donald Trump reinstated a US naval...
Shell Overseas Investment a wholly owned subsidiary of Shell has signed an agreement with Aditya Birla Renewables Limited (ABRen) to sell 100% of Solenergi Power Private Limited which includes the Sprng Energy group of companies for 1.8 billion. This agreement reflects Shell s continued focus on adjusting the portfolio in our power business said Machteld de Haan President Downstream Renewables and Energy Solutions at Shell. We are high-grading our power portfolio and recycling capital in service of our asset-backed trading strategy outlined in Capital Markets Day 2025. This is another step in building a more focused competitive and resilient business while improving returns year on year towards 2030. Sprng Energy employees will continue employment with the new owner supporting continuity for the workforce and ongoing operational reliability. The transaction is expected to complete by the end of 2026 subject to regulatory approval and clo...
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Shell Overseas Investment, a wholly owned subsidiary of Shell, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to sell 100% of Solenergi Power Private Limited, which includes the Sprng Energy group of companies, for $1.8 billion.
“This agreement reflects Shell’s continued focus on adjusting the portfolio in our power business,” said Machteld de Haan, President, Downstream, Renewables and Energy Solutions at Shell.
“We are high-grading our power portfolio and recycling capital in service of our asset-backed trading strategy outlined in Capital Markets Day 2025. This is another step in building a more focused, competitive and resilient business while improving returns year on year towards 2030.”
Sprng Energy employees will continue employment with the new owner, supporting continuity for the workforce and ongoing operational reliability.
The transaction is expected to complete by the end of 2026, subject to regulatory approval and clo...
Abu Dhabi Future Energy Company Masdar a global clean energy leader on Monday announced financial close for the world s first gigascale 24/7 renewable energy project marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure. Backed by a consortium of 13 leading international and local banks the 5.1 billion financing package demonstrates strong market confidence in both the project s commercial viability and Masdar s ability to deliver complex energy infrastructure at scale said a report. Representing a total capital investment of 6.1 billion with Masdar funding 1 billion of equity the RTC project is being developed in Abu Dhabi by Masdar and Emirates Water and Electricity Company (EWEC). Integrating a 5.2GW solar photovoltaic (PV) plant with a 19 gigawatt-hour (GWh) battery energy storage system (BESS) RTC is the largest and most technologically advanced system of its kind in the world. The financing was prov...
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Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, on Monday announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.
Backed by a consortium of 13 leading international and local banks, the $5.1 billion financing package demonstrates strong market confidence in both the project’s commercial viability and Masdar’s ability to deliver complex energy infrastructure at scale, said a report.
Representing a total capital investment of $6.1 billion, with Masdar funding $1 billion of equity, the RTC project is being developed in Abu Dhabi by Masdar and Emirates Water and Electricity Company (EWEC). Integrating a 5.2GW solar photovoltaic (PV) plant with a 19 gigawatt-hour (GWh) battery energy storage system (BESS), RTC is the largest and most technologically advanced system of its kind in the world. The financing was prov...
Atlys a travel technology company enabling travellers to apply for visas across 120 destinations has opened its first experience centre at BurJuman Mall Dubai. The walk-in space offers expert in-person visa guidance and marks Atlys first physical presence worldwide. The UAE is Atlys largest market outside India. International markets including the US the UK and Australia now account for nearly 50% of the company s business with the UAE being the top contributor. Home to one of the world s largest expatriate populations and a global hub for business and leisure travel the UAE has been central to Atlys global strategy since the company entered the market in 2024. The experience centre is designed to bring confidence to a process that often carries uncertainty. A visa application can hold the weight of the trip itself and the ability to walk into a customer-first space meet an expert have documents reviewed and see exactly how an application is h...
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Atlys, a travel technology company enabling travellers to apply for visas across 120+ destinations, has opened its first experience centre at BurJuman Mall, Dubai.
The walk-in space offers expert, in-person visa guidance and marks Atlys' first physical presence worldwide.
The UAE is Atlys' largest market outside India. International markets, including the US, the UK and Australia, now account for nearly 50% of the company's business, with the UAE being the top contributor. Home to one of the world's largest expatriate populations and a global hub for business and leisure travel, the UAE has been central to Atlys' global strategy since the company entered the market in 2024.
The experience centre is designed to bring confidence to a process that often carries uncertainty. A visa application can hold the weight of the trip itself, and the ability to walk into a customer-first space, meet an expert, have documents reviewed and see exactly how an application is h...
Positive Zero a leading energy transition platform in the GCC today announced the closing of a landmark financing facility of up to 375 million. The non-recourse financing is the first transaction of its kind in the region for a diversified portfolio of decentralised infrastructure assets including distributed solar power generation energy efficiency and clean mobility solutions it said. Natixis Corporate & Investment Banking (Natixis CIB) acted as Financial Advisor to Positive Zero. The long-term financing was arranged by Natixis CIB and The Arab Energy Fund. Natixis CIB also acts as Facility Agent Security Agent and Green Loan Coordinator for this transaction. The financing will provide substantial long-term capital to support Positive Zero s continued expansion in the United Arab Emirates Saudi Arabia Bahrain Oman and Qatar funding the growth of its distributed infrastructure portfolio capital expenditure program and strategic d...
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Positive Zero, a leading energy transition platform in the GCC, today announced the closing of a landmark financing facility of up to $375 million.
The non-recourse financing is the first transaction of its kind in the region for a diversified portfolio of decentralised infrastructure assets, including distributed solar power generation, energy efficiency and clean mobility solutions, it said.
Natixis Corporate & Investment Banking (Natixis CIB) acted as Financial Advisor to Positive Zero.
The long-term financing was arranged by Natixis CIB and The Arab Energy Fund. Natixis CIB also acts as Facility Agent, Security Agent and Green Loan Coordinator for this transaction.
The financing will provide substantial long-term capital to support Positive Zero’s continued expansion in the United Arab Emirates, Saudi Arabia, Bahrain, Oman and Qatar, funding the growth of its distributed infrastructure portfolio, capital expenditure program and strategic d...
Quaise Energy has secured 134 million in the first close of its Series B financing to accelerate development of its superhot geothermal technology and Project Obsidian the world s first commercial superhot geothermal power plant. The funding round was led by Prelude Ventures with strategic investments from Japanese energy companies JERA and Idemitsu alongside participation from nearly all existing investors including Safar Partners. The latest financing brings Quaise s total funding raised to 230 million. The company will use the capital to advance its millimeter wave drilling system developed at the Massachusetts Institute of Technology which aims to access geothermal resources at depths exceeding 5km and temperatures of 300-500 deg C. Quaise is also pursuing project-level financing and ...
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Quaise Energy has secured $134 million in the first close of its Series B financing to accelerate development of its superhot geothermal technology and Project Obsidian, the world’s first commercial superhot geothermal power plant.
The funding round was led by Prelude Ventures, with
strategic investments from Japanese energy companies JERA and Idemitsu,
alongside participation from nearly all existing investors, including Safar
Partners.
The latest financing brings Quaise’s total funding raised to
$230 million.
The company will use the capital to advance its millimeter
wave drilling system, developed at the Massachusetts Institute of Technology,
which aims to access geothermal resources at depths exceeding 5km and
temperatures of 300-500 deg C.
Quaise is also pursuing project-level financing and ...
UK-based geophysical company Metatek-Group has launched a new airborne surveying programme in Nigeria to support energy exploration and geological mapping. The three-year contract follows an initial survey campaign started in 2022 during which Metatek covered 175 000 square kilometres. The new phase will survey an additional 210 000 square kilometres bringing total coverage to around 42 per cent of Nigeria s land area. The programme will deploy advanced Full Tensor Gravity Gradiometry (eFTG) gravity magnetic and LiDAR technologies to provide detailed subsurface geological insights. Delivered with local partner Broadlink and Nigeria s energy sector the data has already supported drilling outcomes and is also being applied in mineral and renewable energy projects. The company said field op...
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UK-based geophysical company Metatek-Group has launched a new airborne surveying programme in Nigeria to support energy exploration and geological mapping.
The three-year contract follows an initial survey campaign
started in 2022, during which Metatek covered 175,000 square kilometres.
The new phase will survey an additional 210,000 square
kilometres, bringing total coverage to around 42 per cent of Nigeria’s land area.
The programme will deploy advanced Full Tensor Gravity
Gradiometry (eFTG), gravity, magnetic and LiDAR technologies to provide
detailed subsurface geological insights.
Delivered with local partner Broadlink and Nigeria’s energy
sector, the data has already supported drilling outcomes and is also being
applied in mineral and renewable energy projects.
The company said field op...
BB Energy has been awarded three additional crude oil cargoes by the Republic of South Sudan scheduled for delivery in August September and November 2026. The company agreed to relax existing injunction restrictions preventing South Sudan from accepting advance payments for crude cargoes with the measure remaining in place until the end of November. BB Energy said the agreement followed constructive discussions with South Sudan and other market participants to address a multi-party legal matter. The cargoes will support repayment of outstanding amounts while both parties continue negotiations toward a long-term resolution of the remaining balance. - OGN /TradeArabia News Service ...
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BB Energy has been awarded three additional crude oil cargoes by the Republic of South Sudan, scheduled for delivery in August, September and November 2026.
The company agreed to relax existing injunction restrictions
preventing South Sudan from accepting advance payments for crude cargoes, with
the measure remaining in place until the end of November.
BB Energy said the agreement followed constructive
discussions with South Sudan and other market participants to address a
multi-party legal matter.
The cargoes will support repayment of outstanding amounts,
while both parties continue negotiations toward a long-term resolution of the
remaining balance. -OGN/TradeArabia News Service
Aquaterra Energy and James Fisher have formed a global strategic partnership to improve the delivery of offshore decommissioning projects. The collaboration will provide operators with an integrated approach combining Aquaterra Energy s well access and engineering expertise with James Fisher s subsea and offshore execution capabilities. The partnership aims to reduce project interfaces improve efficiency and provide greater certainty from planning through execution. Initial focus areas include the North Sea Asia-Pacific and the Middle East where growing numbers of offshore wells and structures require abandonment and removal. The companies will work on a project-by-project basis using coordinated teams and cross-trained crews to reduce offshore personnel requirements and operational risks. p class= MsoNorma...
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Aquaterra Energy and James Fisher have formed a global strategic partnership to improve the delivery of offshore decommissioning projects.
The collaboration will provide operators with an integrated
approach combining Aquaterra Energy’s well access and engineering expertise
with James Fisher’s subsea and offshore execution capabilities.
The partnership aims to reduce project interfaces, improve
efficiency and provide greater certainty from planning through execution.
Initial focus areas include the North Sea, Asia-Pacific and
the Middle East, where growing numbers of offshore wells and structures require
abandonment and removal.
The companies will work on a project-by-project basis, using
coordinated teams and cross-trained crews to reduce offshore personnel
requirements and operational risks.
The International Energy Forum (IEF) has welcomed Pakistan as its newest Member Country strengthening global cooperation on energy dialogue among producers consumers and transit nations. Pakistan s accession follows recent memberships of Benin and Sierra Leone reflecting growing momentum for inclusive energy discussions. The move comes ahead of the 17th IEF Ministerial scheduled in Riyadh in October 2026 under the theme Energy Security and Shared Goals in a New Era. The event co-hosted by Saudi Arabia Italy and Nigeria will bring together global energy leaders to address market stability investment and sustainable energy systems. The IEF s Industry Advisory Council will continue supporting discussions with insights from across the energy sector. IEF Secretary General Jassim Alshirawi said Pakistan s participation wou...
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The International Energy Forum (IEF) has welcomed Pakistan as its newest Member Country, strengthening global cooperation on energy dialogue among producers, consumers and transit nations.
Pakistan’s accession follows recent memberships of Benin and
Sierra Leone, reflecting growing momentum for inclusive energy discussions.
The move comes ahead of the 17th IEF Ministerial, scheduled
in Riyadh in October 2026 under the theme “Energy Security and Shared Goals in
a New Era.”
The event, co-hosted by Saudi Arabia, Italy and Nigeria,
will bring together global energy leaders to address market stability,
investment and sustainable energy systems. The IEF’s Industry Advisory Council
will continue supporting discussions with insights from across the energy
sector.
IEF Secretary General Jassim Alshirawi said Pakistan’s participation wou...
Adnoc and its international investment company XRG have signed a Strategic Collaboration Agreement (SCA) with Mitsui to expand cooperation across the global energy value chain. The agreement was signed during the visit of Dr Sultan Al Jaber UAE Minister of Industry and Advanced Technology UAE Special Envoy to Japan Adnoc Managing Director and Group CEO and XRG Executive Chairman to Japan. The partnership establishes a framework for collaboration in LNG crude oil sulfur shipping and chemicals while also exploring international energy investment opportunities through XRG. The companies will work on crude market development long-term supply LNG sales and optimisation sulfur logistics and shipping solutions for LNG ammonia and other commodities. They will also assess opportunities in...
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Adnoc and its international investment company XRG have signed a Strategic Collaboration Agreement (SCA) with Mitsui to expand cooperation across the global energy value chain.
The agreement was signed during the visit of Dr Sultan Al
Jaber, UAE Minister of Industry and Advanced Technology, UAE Special Envoy to
Japan, Adnoc Managing Director and Group CEO, and XRG Executive Chairman, to
Japan.
The partnership establishes a framework for collaboration in
LNG, crude oil, sulfur, shipping and chemicals, while also exploring
international energy investment opportunities through XRG.
The companies will work on crude market development,
long-term supply, LNG sales and optimisation, sulfur logistics, and shipping
solutions for LNG, ammonia and other commodities.
They will also assess opportunities in...
Kanoo Energy a division of The Kanoo Group has won the 22nd Sheikh Khalifa Excellence Award (SKEA) one of the UAE s highest honours for business excellence and private-sector impact. Presented under the patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan the award recognises the company s contributions to the energy and industrial sectors through integrated engineering solutions and advanced services across oil and gas utilities and industry. Kanoo Energy was one of only seven organisations recognised this year across key impact areas including technology talent exports community local supply chains entrepreneurship and SME excellence. The award was accepted by Mishal Kanoo Chairman of The Kanoo Group and Raman Marwaha General Manager of Kanoo Energy. The recognition follows the company ...
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Kanoo Energy, a division of The Kanoo Group, has won the 22nd Sheikh Khalifa Excellence Award (SKEA), one of the UAE’s highest honours for business excellence and private-sector impact.
Presented under the
patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the
award recognises the company’s contributions to the energy and industrial
sectors through integrated engineering solutions and advanced services across
oil and gas, utilities and industry.
Kanoo Energy was one
of only seven organisations recognised this year across key impact areas
including technology, talent, exports, community, local supply chains,
entrepreneurship and SME excellence.
The award was accepted
by Mishal Kanoo, Chairman of The Kanoo Group, and Raman Marwaha, General
Manager of Kanoo Energy.
The recognition follows the company’...
UAE-based Global South Utilities (GSU) has signed a memorandum of understanding (MoU) with Guyana Power and Light to explore opportunities for developing energy infrastructure projects in Guyana. The MoU establishes a framework for cooperation on potential projects across Guyana s energy sector including power generation grid modernisation and renewable energy integration. The partnership aims to strengthen the reliability resilience and sustainability of the country s electricity system. The agreement was signed during a UAE economic delegation s visit to Guyana as part of the UAE Trade Days initiative and was witnessed by Dr Thani Al Zeyoudi Minister of Foreign Trade. It was signed b...
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UAE-based Global South Utilities (GSU) has signed a memorandum of understanding (MoU) with Guyana Power and Light to explore opportunities for developing energy infrastructure projects in Guyana.
The MoU establishes a framework for cooperation on potential
projects across Guyana’s energy sector, including power generation, grid
modernisation and renewable energy integration.
The partnership aims to strengthen the reliability,
resilience and sustainability of the country’s electricity system.
The agreement was signed during a UAE economic delegation’s visit to Guyana as part of the UAE Trade Days initiative and was witnessed by Dr Thani Al Zeyoudi, Minister of Foreign Trade.
It was signed b...
Proxima Fusion has secured 411 million ( 468 million) in new funding valuing the European fusion energy company at 2.4 billion ( 2.7 billion) and making it the continent s best-funded fusion venture. The round was led by XTX Ventures and East X Ventures with strategic investments from RWE and Google. The financing will support the development of Alpha Proxima s net-energy stellarator fusion demonstrator near Munich Germany which aims to validate technologies needed for future commercial fusion power plants. The project is being developed with the support of Bavaria the Max Planck Institute for Plasma Physics and RWE. The investment marks the largest private funding round in European fusion history and highlights growing interest in fusion as a potential source of carbon-free energy and improved energy security. /o...
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Proxima Fusion has secured €411 million ($468 million) in new funding, valuing the European fusion energy company at €2.4 billion ($2.7 billion) and making it the continent’s best-funded fusion venture.
The round was led by XTX Ventures and East X Ventures, with
strategic investments from RWE and Google.
The financing will support the development of Alpha,
Proxima’s net-energy stellarator fusion demonstrator near Munich, Germany,
which aims to validate technologies needed for future commercial fusion power
plants.
The project is being developed with the support of Bavaria,
the Max Planck Institute for Plasma Physics, and RWE.
The investment marks the largest private funding round in
European fusion history and highlights growing interest in fusion as a
potential source of carbon-free energy and improved energy security.
Emirates Water and Electricity Company (Ewec) has opened registration for its 20th Clean Energy Certificates (CECs) auction supporting organisations in verifying their renewable and clean energy consumption as part of the UAE s energy transition. Introduced under the Abu Dhabi Department of Energy s Regulatory Policy for CECs in 2021 the programme has gained strong participation from sectors including healthcare industry retail energy real estate and commercial businesses. Ewec serves as the Single Registrant and Scheme Operator for the CEC market enabling companies to purchase certificates that represent the environmental ...
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Emirates Water and Electricity Company (Ewec) has opened registration for its 20th Clean Energy Certificates (CECs) auction, supporting organisations in verifying their renewable and clean energy consumption as part of the UAE’s energy transition.
Introduced under the Abu Dhabi Department of Energy’s Regulatory Policy for CECs in 2021, the programme has gained strong participation from sectors including healthcare, industry, retail, energy, real estate and commercial businesses.
Ewec serves as the Single Registrant and Scheme Operator for the CEC market, enabling companies to purchase certificates that represent the environmental ...
Worley has secured a long-term five-year agreement as part of a pool of 11 contractors selected by Aramco to support major projects across Saudi Arabia. The contract will help deliver critical infrastructure for energy chemicals and resources serving both domestic needs and global markets. The deal supports Aramco s extensive capital investment programme one of the world s largest spanning multiple industrial sectors. Under the agreement Worley will provide project management consultancy services including engineering and design feasibility studies procurement support construction management and technical expertise while also contributing to local talent development in Saudi Arabia. Work will be delivered through Worley s offices in Saudi Arabia and the UK supported by its global integrated delivery teams. /o:p...
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Worley has secured a long-term five-year agreement as part of a pool of 11 contractors selected by Aramco to support major projects across Saudi Arabia.
The contract will help deliver critical infrastructure for
energy, chemicals, and resources, serving both domestic needs and global
markets.
The deal supports Aramco’s extensive capital investment
programme, one of the world’s largest, spanning multiple industrial sectors.
Under the agreement, Worley will provide project management
consultancy services, including engineering and design, feasibility studies,
procurement support, construction management, and technical expertise, while
also contributing to local talent development in Saudi Arabia.
Work will be delivered through Worley’s offices in Saudi
Arabia and the UK, supported by its global integrated delivery teams.
CHERY a leading car manufacturer has confirmed plans to introduce its Super Intelligent Parking technology to the UAE market reinforcing its commitment to bringing advanced smart driving solutions to local customers. Aaron Zheng Executive Deputy General Manager of CHERY International Marketing Center delivered an in-depth presentation on the core capabilities technological foundation and typical application scenarios of the feature. This marks the first time a Chinese automaker has advanced the mass-production application of an end-to-end large-model-driven intelligent parking technology overseas bringing One Tap Departure One Step Home closer to reality and establishing an important milestone as China s intelligent driving officially enters the end-to-end era on the global stage. One Tap Departure One Step Home Have you ever experienced moments like these: circling endlessly in an underground garage unable to find a spot; finally ...
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CHERY, a leading car manufacturer, has confirmed plans to introduce its Super Intelligent Parking technology to the UAE market, reinforcing its commitment to bringing advanced smart driving solutions to local customers.
Aaron Zheng, Executive Deputy General Manager of CHERY International Marketing Center, delivered an in-depth presentation on the core capabilities, technological foundation, and typical application scenarios of the feature.
This marks the first time a Chinese automaker has advanced the mass-production application of an end-to-end large-model-driven intelligent parking technology overseas, bringing "One Tap Departure, One Step Home" closer to reality and establishing an important milestone as China's intelligent driving officially enters the "end-to-end" era on the global stage.
One Tap Departure, One Step Home
Have you ever experienced moments like these: circling endlessly in an underground garage, unable to find a spot; finally ...
Action Energy Company (AEC) Kuwait s local partner for integrated upstream services has partnered with global AI-led digital transformation firm Kellton to launch a joint venture aimed at accelerating AI-driven digital transformation across the GCC energy sector. Under the agreement AEC will hold a 51 per cent stake and Kellton 49 per cent with the venture initially established for five years and automatically renewable. The partnership will focus on digital oilfield solutions and IT services including enterprise software cloud computing cybersecurity systems integration and managed services. A key priority will be the regional rollout of Kellton s OPTIMA digital oilfield platform designed to enhance operational efficiency asset performance and AI-powered decision-making. While initially targeting opportunities in Kuwa...
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Action Energy Company (AEC), Kuwait’s local partner for integrated upstream services, has partnered with global AI-led digital transformation firm Kellton to launch a joint venture aimed at accelerating AI-driven digital transformation across the GCC energy sector.
Under the agreement,
AEC will hold a 51 per cent stake and Kellton 49 per cent, with the venture initially
established for five years and automatically renewable.
The partnership will
focus on digital oilfield solutions and IT services, including enterprise
software, cloud computing, cybersecurity, systems integration and managed
services.
A key priority will be the regional rollout of Kellton’s OPTIMA digital oilfield platform, designed to enhance operational efficiency, asset performance and AI-powered decision-making.
While initially targeting opportunities in Kuwa...
The Middle East and North Africa (Mena) is emerging as one of the world s most important growth regions for clean industry financing with 84 announced projects representing 642 billion in potential investment across clean fuels fertilisers steel and aluminium. The growth comes as clean industry plants globally are securing finance at the fastest pace on record with 19 projects worth 43 billion reaching final investment decision in the past six months alone double the pace of a year earlier. The scale of Mena s opportunity is highlighted in a new report Clean Industry Rising: the foundation of resilient value chains from Mission Possible Partnership supported by the Industrial Transition Accelerator (ITA) and published alongside the latest Global Pro...
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The Middle East and North Africa (Mena) is emerging as one of the world’s most important growth regions for clean industry financing, with 84 announced projects representing $642 billion in potential investment across clean fuels, fertilisers, steel, and aluminium.
The growth comes as clean industry plants globally are securing finance at the fastest pace on record, with 19 projects worth $43 billion reaching final investment decision in the past six months alone, double the pace of a year earlier.
The scale of Mena’s opportunity is highlighted in a new report, ‘Clean Industry Rising: the foundation of resilient value chains’, from Mission Possible Partnership, supported by the Industrial Transition Accelerator (ITA) and published alongside the latest Global Pro...
Italy s electricity generation mix shifted in 2025 with renewable energy output falling by 1.5 per cent while thermal power generation increased by 5.2 per cent contributing to a 2.4 per cent rise in overall electricity production according to a report by the Regulatory Authority for Energy Networks and Environment (ARERA). The report also showed that natural gas consumption rose by 2 per cent compared with the previous year. Gas imports increased significantly driven by a doubling of supplies from the United States and higher imports from Norway and the Netherlands. Meanwhile liquefied natural gas (LNG) imports surged 44 per cent year-on-year accounting for around one-third of Italy s total gas imports. -OGN /TradeArabia News Service ...
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Italy’s electricity generation mix shifted in 2025, with renewable energy output falling by 1.5 per cent while thermal power generation increased by 5.2 per cent, contributing to a 2.4 per cent rise in overall electricity production, according to a report by the Regulatory Authority for Energy, Networks and Environment (ARERA).
The report also showed that natural gas consumption rose by
2 per cent compared with the previous year.
Gas imports increased significantly, driven by a doubling of
supplies from the United States and higher imports from Norway and the
Netherlands.
Meanwhile, liquefied natural gas (LNG) imports surged 44 per
cent year-on-year, accounting for around one-third of Italy’s total gas
imports. -OGN/TradeArabia News Service
The United Kingdom Atomic Energy Authority (UKAEA) and Eni have launched RH3OVA a UK-based joint venture aimed at supporting the global fusion energy sector with specialist consultancy and operational services. Combining UKAEA s technical expertise with Eni s industrial capabilities RH3OVA will provide end-to-end support across the fusion fuel cycle from feasibility studies to deployment and operations. The venture will focus on managing deuterium and tritium the key fuels used in fusion energy. While deuterium is readily extracted from seawater tritium is extremely scarce making its efficient production recovery and reuse essential for future commercial fusion power. The launch aligns with the UK s Fusion Strategy and UKAEA s long-term objectives to accelerate fusion energy development. p class= MsoNorma...
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The United Kingdom Atomic Energy Authority (UKAEA) and Eni have launched RH3OVA, a UK-based joint venture aimed at supporting the global fusion energy sector with specialist consultancy and operational services.
Combining UKAEA’s technical expertise with Eni’s industrial
capabilities, RH3OVA will provide end-to-end support across the fusion fuel
cycle, from feasibility studies to deployment and operations.
The venture will focus on managing deuterium and tritium,
the key fuels used in fusion energy.
While deuterium is readily extracted from seawater, tritium
is extremely scarce, making its efficient production, recovery and reuse
essential for future commercial fusion power.
The launch aligns with the UK’s Fusion Strategy and UKAEA’s
long-term objectives to accelerate fusion energy development.
Integrated Global Services (IGS) a provider of asset integrity and energy efficiency solutions for the energy power and heavy industry sectors has introduced Rovex the latest evolution of its proven robotic cleaning technology for fired heater convection sections. Building on the TubeTech robotic cleaning system which has been successfully deployed across industrial facilities worldwide for many years Rovex combines proven cleaning performance with advances in robotic mobility access capability and digital performance verification the company said. The introduction of Rovex brings together years of operational learning under a single technology platform reflecting IGS continued investment in robotics digitalisation and performance-driven maintenance solutions. Designed to navigate complex tube geometries the compact remotely operated vehicle (ROV) uses patented cleaning lance technology and integrated inspection capabilities to remove stubborn fou...
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Integrated Global Services (IGS), a provider of asset integrity and energy efficiency solutions for the energy, power and heavy industry sectors, has introduced Rovex, the latest evolution of its proven robotic cleaning technology for fired heater convection sections.
Building on the TubeTech robotic cleaning system, which has been successfully deployed across industrial facilities worldwide for many years, Rovex combines proven cleaning performance with advances in robotic mobility, access capability and digital performance verification, the company said.
The introduction of Rovex brings together years of operational learning under a single technology platform, reflecting IGS' continued investment in robotics, digitalisation and performance-driven maintenance solutions.
Designed to navigate complex tube geometries, the compact remotely operated vehicle (ROV) uses patented cleaning lance technology and integrated inspection capabilities to remove stubborn fou...
Bilfinger has acquired a digital platform from Zentur.io as part of its strategy to become a leading partner in improving industrial efficiency and sustainability. The acquisition includes a customer portal that enhances consumption transparency in the energy sector as well as an AI-powered system that creates real-time digital twins of heating networks. The platform delivers detailed data analysis and forecasting tools that enable targeted performance optimisation. By integrating these capabilities Bilfinger aims to help customers improve operational efficiency reduce energy consumption and lower emissions supporting broader sustainability and decarbonisation goals across energy and infrastructure systems. -OGN /TradeArabia News Service ...
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Bilfinger has acquired a digital platform from Zentur.io as part of its strategy to become a leading partner in improving industrial efficiency and sustainability.
The acquisition includes a customer portal that enhances
consumption transparency in the energy sector, as well as an AI-powered system
that creates real-time digital twins of heating networks.
The platform delivers detailed data, analysis, and
forecasting tools that enable targeted performance optimisation.
By integrating these capabilities, Bilfinger aims to help
customers improve operational efficiency, reduce energy consumption, and lower
emissions, supporting broader sustainability and decarbonisation goals across
energy and infrastructure systems. -OGN/TradeArabia News Service
Eni and Mercuria have signed an agreement to establish a 50-50 joint venture to manage global energy commodities trading across international markets. The venture will operate independently through a holding structure with global trading hubs covering commodities including oil gas LNG biofuels and related logistics and infrastructure rights. Both companies said the partnership is designed to unlock synergies combine trading expertise and asset portfolios and create a leading global trading platform with a wider international footprint. The move forms part of Eni s strategy to evolve its trading model enhance asset management improve cash flow generation and increase value across the energy value chain while strengthening capabilities through collaboration with Mercuria. The companies added that the initiative aims to bui...
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Eni and Mercuria have signed an agreement to establish a 50-50 joint venture to manage global energy commodities trading across international markets.
The venture will operate independently through a holding
structure with global trading hubs, covering commodities including oil, gas,
LNG, biofuels and related logistics and infrastructure rights.
Both companies said the partnership is designed to unlock
synergies, combine trading expertise and asset portfolios, and create a leading
global trading platform with a wider international footprint.
The move forms part of Eni’s strategy to evolve its trading
model, enhance asset management, improve cash flow generation and increase
value across the energy value chain, while strengthening capabilities through
collaboration with Mercuria.
The companies added that the initiative aims to bui...
Oman s Ministry of Energy and Minerals has launched a new initiative to develop integrated digital supply chain solutions for the energy sector aiming to improve procurement contract management and spending efficiency across an industry with annual supply contracts exceeding RO4 billion ( 10.4 billion). The project unveiled during its inaugural meeting chaired by Undersecretary Mohsen Hamad Al Hadrami will be led by Petroleum Development Oman (PDO) before expanding to other energy companies and government entities. The sector currently manages more than 6 000 suppliers and contractors and issues over 600 tenders each year. The digital platform will enhance transparency governance data analytics and risk management while using artificial intelligence to generate operational insights and support decision-making. It will als...
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Oman's Ministry of Energy and Minerals has launched a new initiative to develop integrated digital supply chain solutions for the energy sector, aiming to improve procurement, contract management and spending efficiency across an industry with annual supply contracts exceeding RO4 billion ($10.4 billion).
The project, unveiled during its inaugural meeting chaired
by Undersecretary Mohsen Hamad Al Hadrami, will be led by Petroleum Development
Oman (PDO) before expanding to other energy companies and government entities.
The sector currently
manages more than 6,000 suppliers and contractors and issues over 600 tenders
each year.
The digital platform will enhance transparency, governance,
data analytics and risk management while using artificial intelligence to
generate operational insights and support decision-making.
It will als...
France s EDF Power Solutions and Oman have strengthened strategic energy cooperation through three key renewable energy and energy storage agreements. The agreements were signed in Paris in the presence of His Majesty Sultan Haitham bin Tarik Al Said Sultan of Oman and Emmanuel Macron President of the French Republic. The agreements mark a significant milestone in the strengthening of economic growth and energy cooperation between Oman and France while supporting Oman s ambitious energy transition agenda and long-term sustainable development objectives. 2 000 MW Jabal Abyad PHES Project The 2 000 MW Jabal Abyad PHES Project to be developed in partnership with EDF power solutions Oman National Engineering and Investment Co (ONEIC) TAKHZEEN Oman and Green Universe Enterprise (GUE) alongside Oman s Authority for Public Services Regulation (APSR) would be the largest pumped hydro energy storage project in the Middle East. Located in th...
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France's EDF Power Solutions and Oman have strengthened strategic energy cooperation through three key renewable energy and energy storage agreements.
The agreements were signed in Paris in the presence of His Majesty Sultan Haitham bin Tarik Al Said, Sultan of Oman, and Emmanuel Macron, President of the French Republic.
The agreements mark a significant milestone in the strengthening of economic growth and energy cooperation between Oman and France, while supporting Oman's ambitious energy transition agenda, and long-term sustainable development objectives.
2,000 MW Jabal Abyad PHES Project
The 2,000 MW Jabal Abyad PHES Project, to be developed in partnership with EDF power solutions, Oman National Engineering and Investment Co (ONEIC), TAKHZEEN Oman and Green Universe Enterprise (GUE) alongside Oman's Authority for Public Services Regulation (APSR), would be the largest pumped hydro energy storage project in the Middle East.
Located in th...
Dozens of governments have agreed to place energy efficiency at the centre of global energy policy aiming to shield households and businesses from price volatility and strengthen resilience following recent disruptions linked to the Middle East conflict. The commitment was announced at the International Energy Agency (IEA) 11th Annual Global Conference on Energy Efficiency in Montreal co-hosted by Canada where ministers and senior officials said the war s impact on global energy markets had underscored the urgent need to accelerate efficiency measures. In a joint statement countries said energy efficiency is one of the fastest and most cost-effective tools to reduce energy bills improve affordability and enhance energy security. Governments called for stronger action across sectors including buildings and data centres alongside increased support for vulnerable households and small and medi...
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Dozens of governments have agreed to place energy efficiency at the centre of global energy policy, aiming to shield households and businesses from price volatility and strengthen resilience following recent disruptions linked to the Middle East conflict.
The commitment was announced at the International Energy
Agency (IEA) 11th Annual Global Conference on Energy Efficiency in Montreal,
co-hosted by Canada, where ministers and senior officials said the war’s impact
on global energy markets had underscored the urgent need to accelerate
efficiency measures.
In a joint statement, countries said energy efficiency is one of the fastest and most cost-effective tools to reduce energy bills, improve affordability and enhance energy security. Governments called for stronger action across sectors, including buildings and data centres, alongside increased support for vulnerable households and small and medi...
Manor by JA hotel has announced that it has successfully implemented a first-of-its-kind project in the Middle East that will deliver energy savings of up to 80% on its heating systems with zero upfront capital investment from the hotel. The initiative was launched through a strategic partnership between ASAS Investment Facilities Solutions Al Ghurair Infrastructure and Enernouva introducing a pioneering model that redefines how buildings and facilities transition to sustainable infrastructure and supports the UAE s shift towards a low-carbon economy said a statement from Manor by JA hotel. This landmark collaboration between two leading UAE family-owned businesses and an innovative clean-energy technology company demonstrates the private sector s capacity to deliver practical commercially viable and repeatable solutions that contribute meaningfully to the nation s long-term environmental goals - reinforcing Dubai s position as a global platform for exportin...
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Manor by JA hotel has announced that it has successfully implemented a first-of-its-kind project in the Middle East that will deliver energy savings of up to 80% on its heating systems, with zero upfront capital investment from the hotel.
The initiative was launched through a strategic partnership between ASAS Investment, Facilities Solutions, Al Ghurair Infrastructure and Enernouva, introducing a pioneering model that redefines how buildings and facilities transition to sustainable infrastructure, and supports the UAE’s shift towards a low-carbon economy, said a statement from Manor by JA hotel.
This landmark collaboration between two leading UAE family-owned businesses and an innovative clean-energy technology company demonstrates the private sector’s capacity to deliver practical, commercially viable and repeatable solutions that contribute meaningfully to the nation’s long-term environmental goals - reinforcing Dubai’s position as a global platform for exportin...
The European Union s (EU) petroleum oil imports remained largely stable in the first quarter of 2026 compared with the 2025 monthly average according to data from Eurostat the EU s statistical office. The value of petroleum oil imports increased slightly by 0.8 per cent while import volumes declined by 0.6 per cent. Meanwhile liquefied natural gas (LNG) imports recorded an 8 per cent decrease in value but a 2.9 per cent increase in volume. Imports of natural gas in gaseous form declined during the period with the value falling by 12.7 per cent and volumes decreasing by 4 per cent. The United States remained the largest supplier of petroleum oil to the EU accounting for 17.8 per cent of imports followed by Norway (16.6 per cent) and Kazakhstan (9.6 per cent). The US also dominated LNG sup...
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The European Union’s (EU) petroleum oil imports remained largely stable in the first quarter of 2026 compared with the 2025 monthly average, according to data from Eurostat, the EU’s statistical office.
The value of petroleum oil imports increased slightly by 0.8
per cent, while import volumes declined by 0.6 per cent.
Meanwhile, liquefied natural gas (LNG) imports recorded an 8
per cent decrease in value but a 2.9 per cent increase in volume.
Imports of natural gas in gaseous form declined during the
period, with the value falling by 12.7 per cent and volumes decreasing by 4 per
cent.
The United States remained the largest supplier of petroleum
oil to the EU, accounting for 17.8 per cent of imports, followed by Norway
(16.6 per cent) and Kazakhstan (9.6 per cent).
The US also dominated LNG sup...
Nasdaq Dubai has welcomed the listing of a 500 million Sukuk issued by The Arab Energy Fund (TAEF) strengthening the exchange s position as a leading global hub for Islamic finance. Issued through APICORP Sukuk Limited under TAEF s Trust Certificate Issuance Programme the Sukuk comprises trust certificates due in 2031 with a profit rate of 4.686% and a spread of 70 basis points over SOFR. The issuance attracted more than 900 million in investor orders making it two times oversubscribed and allowing pricing to tighten from initial guidance. Demand came from a diverse group of investors including central banks sovereign institutions supranational organisations and agencies reflecting strong confidence in TAEF s credit profile. The Sukuk received ratings of Aa2 from Moody s and AA from Fitch. p class= Mso...
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Nasdaq Dubai has welcomed the listing of a $500 million Sukuk issued by The Arab Energy Fund (TAEF), strengthening the exchange’s position as a leading global hub for Islamic finance.
Issued through APICORP Sukuk Limited under TAEF’s Trust
Certificate Issuance Programme, the Sukuk comprises trust certificates due in
2031 with a profit rate of 4.686% and a spread of 70 basis points over SOFR.
The issuance attracted more than $900 million in investor
orders, making it two times oversubscribed and allowing pricing to tighten from
initial guidance.
Demand came from a diverse group of investors, including
central banks, sovereign institutions, supranational organisations, and
agencies, reflecting strong confidence in TAEF’s credit profile.
The Sukuk received ratings of Aa2 from Moody’s and AA+ from
Fitch.
Abu Dhabi Biobank a strategic initiative between the Department of Health Abu Dhabi (DoH) the regulator of the healthcare sector in the Emirate and global health leader M42 has announced a strategic partnership with BioTwin to expand the deployment of their AI-based Virtual Human Twin technology focusing on early detection prevention and precision health in Abu Dhabi. Announced on the sidelines of BIO International Convention 2026 in San Diego USA this partnership combines BioTwin s longitudinal biomarker platform and Virtual Human Twin technology with Abu Dhabi Biobank s ability to connect biological data with genomic clinical and AI-driven insights to decode complex diseases accelerate clinical research and shift care from reactive to proactive. The collaboration aims to accelerate the translation of advanced health data into early signals prevention strategies and more personalized care with the first application focusing on multi-cancer screening...
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Abu Dhabi Biobank, a strategic initiative between the Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, and global health leader M42, has announced a strategic partnership with BioTwin to expand the deployment of their AI-based Virtual Human Twin technology focusing on early detection, prevention and precision health in Abu Dhabi.
Announced on the sidelines of BIO International Convention 2026 in San Diego, USA, this partnership combines BioTwin’s longitudinal biomarker platform and Virtual Human Twin technology with Abu Dhabi Biobank’s ability to connect biological data with genomic, clinical, and AI-driven insights to decode complex diseases, accelerate clinical research, and shift care from reactive to proactive. The collaboration aims to accelerate the translation of advanced health data into early signals, prevention strategies and more personalized care, with the first application focusing on multi-cancer screening...
A new international report on sustainable energy progress has warned that the world remains significantly off track to achieve universal energy access by 2030 as major disparities persist between regions and financing gaps continue to hinder development. According to Tracking SDG 7: The Energy Progress Report 655 million people globally still lack access to electricity while around two billion continue to rely on polluting fuels and technologies for cooking exposing them to severe health risks. Sub-Saharan Africa remains the most affected region with more than 560 million people without electricity and 970 million lacking clean cooking solutions. The report shows that while most regions are nearing universal access progress in Sub-Saharan Africa has slowed considerably. It warns that the pace of electrification must tripl...
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A new international report on sustainable energy progress has warned that the world remains significantly off track to achieve universal energy access by 2030, as major disparities persist between regions and financing gaps continue to hinder development.
According to Tracking SDG 7: The Energy Progress Report, 655
million people globally still lack access to electricity, while around two
billion continue to rely on polluting fuels and technologies for cooking,
exposing them to severe health risks.
Sub-Saharan Africa remains the most affected region, with
more than 560 million people without electricity and 970 million lacking clean
cooking solutions.
The report shows that while most regions are nearing
universal access, progress in Sub-Saharan Africa has slowed considerably.
It warns that the pace of electrification must tripl...
Global utilities and major power equipment manufacturers have pledged coordinated action to ease mounting supply chain pressures that are slowing the expansion of electricity grids worldwide. The commitment announced by members of the Utilities for Net Zero Alliance (UNEZA) focuses on harmonising fragmented equipment standards and improving demand visibility as global electrification accelerates. UNEZA members which include some of the world s largest utilities are expected to require nearly 90 000 kilometres of transmission cable by 2030 more than twice the Earth s circumference and over 270 high-voltage transformers. Current manufacturing capacity is unable to meet this surge in demand with transformer delivery times now exceeding three years. Industry leaders say bottlenecks in production and raw materials have bec...
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Global utilities and major power equipment manufacturers have pledged coordinated action to ease mounting supply chain pressures that are slowing the expansion of electricity grids worldwide.
The commitment,
announced by members of the Utilities for Net Zero Alliance (UNEZA), focuses on
harmonising fragmented equipment standards and improving demand visibility as
global electrification accelerates.
UNEZA members, which
include some of the world’s largest utilities, are expected to require nearly
90,000 kilometres of transmission cable by 2030, more than twice the Earth’s
circumference, and over 270 high-voltage transformers.
Current manufacturing
capacity is unable to meet this surge in demand, with transformer delivery
times now exceeding three years.
Industry leaders say bottlenecks in production and raw materials have bec...
Vision Golfe 2026 brought together more than 1 200 participants five ministers senior government officials and business leaders in Paris this week reinforcing its position as the leading platform for economic cooperation between France and the Gulf Cooperation Council (GCC). Organised by Business France the forum featured 13 high-level panel discussions over 80 speakers and more than 2 000 business-to-business meetings reflecting growing momentum in France-GCC relations. Trade between France and GCC countries reached nearly 25 billion ( 29 billion) in 2025 according to French Minister Delegate for Foreign Trade and Attractiveness Nicolas Forissier highlighting the expanding scope of bilateral cooperation. Energy industrial development water security and sustainable infrastructure emerged as central themes throughout the event. p clas...
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Vision Golfe 2026 brought together more than 1,200 participants, five ministers, senior government officials and business leaders in Paris this week, reinforcing its position as the leading platform for economic cooperation between France and the Gulf Cooperation Council (GCC).
Organised by Business
France, the forum featured 13 high-level panel discussions, over 80 speakers
and more than 2,000 business-to-business meetings, reflecting growing momentum
in France-GCC relations.
Trade between France
and GCC countries reached nearly €25 billion ($29 billion) in 2025, according
to French Minister Delegate for Foreign Trade and Attractiveness Nicolas
Forissier, highlighting the expanding scope of bilateral cooperation.
Energy, industrial
development, water security and sustainable infrastructure emerged as central
themes throughout the event.
The Opec World Oil Outlook 2026 projects significant long-term growth in global energy demand forecasting a 23 per cent increase by 2050 amid rising consumption needs worldwide. It also expects oil demand to remain strong reaching 124 million barrels per day over the same period. The annual report provides a medium- and long-term outlook for global energy markets incorporating recent economic policy and industry developments. It highlights ongoing challenges linked to energy security affordability and emissions reduction while emphasising the need for balanced and realistic energy transition pathways. According to the outlook future energy systems will require contributions from all energy sources and technologies to meet growing global demand. It also stresses the importance of expandin...
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The Opec World Oil Outlook 2026 projects significant long-term growth in global energy demand, forecasting a 23 per cent increase by 2050 amid rising consumption needs worldwide.
It also expects oil demand to remain strong, reaching 124
million barrels per day over the same period.
The annual report provides a medium- and long-term outlook
for global energy markets, incorporating recent economic, policy and industry
developments.
It highlights ongoing challenges linked to energy security,
affordability and emissions reduction, while emphasising the need for balanced
and realistic energy transition pathways.
According to the outlook, future energy systems will require
contributions from all energy sources and technologies to meet growing global
demand.
It also stresses the importance of expandin...
Indonesia and Kuwait have reaffirmed their commitment to strengthening cooperation in energy security amid growing global economic and geopolitical challenges. The pledge was made during talks in Jakarta between Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto and Kuwait s Ambassador to Indonesia Khaled Al Yassin. Hartarto highlighted the strong bilateral relationship and ongoing collaboration in the energy sector including Kuwait Foreign Petroleum Exploration Company s (KUFPEC) participation in eight oil and gas exploration projects in Indonesia. He noted that energy ties were formalised through a 2019 memorandum of understanding covering oil gas and petrochemicals. Ambassador Al Yassin said the agreements reflect Indonesia s strategic importance to Kuwait particularly in economic cooperation. ...
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Indonesia and Kuwait have reaffirmed their commitment to strengthening cooperation in energy security amid growing global economic and geopolitical challenges.
The pledge was made during talks in Jakarta between
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto and
Kuwait’s Ambassador to Indonesia, Khaled Al Yassin.
Hartarto highlighted the strong bilateral relationship and
ongoing collaboration in the energy sector, including Kuwait Foreign Petroleum
Exploration Company’s (KUFPEC) participation in eight oil and gas exploration
projects in Indonesia.
He noted that energy ties were formalised through a 2019
memorandum of understanding covering oil, gas and petrochemicals.
Ambassador Al Yassin said the agreements reflect Indonesia’s
strategic importance to Kuwait, particularly in economic cooperation.
Global solar power surged to record levels in 2025 supplying about 75 per cent of the increase in worldwide electricity demand according to Ember s Global Electricity Review 2026. The report found that fossil fuel-based electricity generation declined globally for the first time despite rising power consumption. China drove the transition adding 336 terawatt hours (TWh) of solar capacity more than all other countries combined which added around 300 TWh. Worldwide solar additions reached 636 TWh up 33 per cent from 2024 making solar the fastest-growing energy source for a fourth consecutive year. Rapid clean energy expansion particularly in China and India reduced fossil fuel dependence and lowered global carbon emissions. -OGN/ TradeArabia News Service ...
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Global solar power surged to record levels in 2025, supplying about 75 per cent of the increase in worldwide electricity demand, according to Ember’s Global Electricity Review 2026.
The report found that fossil fuel-based electricity
generation declined globally for the first time despite rising power
consumption.
China drove the transition, adding 336 terawatt hours (TWh)
of solar capacity—more than all other countries combined, which added around
300 TWh.
Worldwide solar additions reached 636 TWh, up 33 per cent
from 2024, making solar the fastest-growing energy source for a fourth
consecutive year.
Rapid clean energy expansion, particularly in China and
India, reduced fossil fuel dependence and lowered global carbon emissions. -OGN/TradeArabia News Service
Siemens Energy will supply advanced gas and steam turbine technology for the Taweelah C IPP (Independent Power Producer) project in Abu Dhabi UAE. It is the third power plant on the site to be equipped by Siemens Energy. The scope of supply includes three gas turbines two steam turbines five generators and auxiliary systems for the combined cycle power plant with a total planned capacity of 2.6 gigawatts. The new power plant will deliver critical flexibility strengthen grid stability and enable large-scale renewable energy integration in the Emirate of Abu Dhabi. The plant is designed to enable the possible utilization of carbon capture and storage units in the future in alignment with the UAE s goal to become climate-neutral by 2050. The project is being developed by the Abu Dhabi National Energy Company (TAQA) and an international consortium comprising Saudi Arabia s Al Jomaih Energy and Water Company and Sembcorp Industries from Singapore. C...
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Siemens Energy will supply advanced gas and steam turbine technology for the Taweelah C IPP (Independent Power Producer) project in Abu Dhabi, UAE.
It is the third power plant on the site to be equipped by Siemens Energy. The scope of supply includes three gas turbines, two steam turbines, five generators, and auxiliary systems for the combined cycle power plant with a total planned capacity of 2.6 gigawatts.
The new power plant will deliver critical flexibility, strengthen grid stability, and enable large-scale renewable energy integration in the Emirate of Abu Dhabi. The plant is designed to enable the possible utilization of carbon capture and storage units in the future, in alignment with the UAE’s goal to become climate-neutral by 2050.
The project is being developed by the Abu Dhabi National Energy Company (TAQA), and an international consortium comprising Saudi Arabia’s Al Jomaih Energy and Water Company, and Sembcorp Industries from Singapore. C...
Global energy technology company SLB has launched the SLB Digital Marketplace a new digital platform designed to help energy companies quickly discover deploy and integrate specialised AI-powered tools into their existing digital environments. The marketplace expands SLB s open-platform strategy for its Tela agentic AI assistant providing a centralised and governed channel where SLB partners independent software vendors (ISVs) developers and customers can offer industry-specific digital solutions. All products listed on the platform are certified to meet SLB standards for security interoperability and compatibility. The launch reflects the energy sector s growing shift toward agentic AI which enables software to reason act and automate complex technical workflows. p class= MsoNorma...
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Global energy technology company SLB has launched the SLB Digital Marketplace, a new digital platform designed to help energy companies quickly discover, deploy and integrate specialised AI-powered tools into their existing digital environments.
The marketplace expands SLB’s open-platform strategy for its
Tela agentic AI assistant, providing a centralised and governed channel where
SLB, partners, independent software vendors (ISVs), developers and customers
can offer industry-specific digital solutions.
All products listed on the platform are certified to meet
SLB standards for security, interoperability and compatibility.
The launch reflects the energy sector’s growing shift toward
agentic AI, which enables software to reason, act and automate complex
technical workflows.
Saudi Arabia and South Korea signed a memorandum of understanding (MoU) to deepen cooperation in the oil and gas sector strengthening their energy partnership and expanding collaboration across key areas of the energy value chain. The agreement was signed following a meeting in Riyadh between Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and South Korean Minister of Trade Industry and Energy Kim Jung Kwan during which the two sides reviewed areas of mutual interest and explored opportunities to boost energy investment and cooperation. The MoU covers cooperation in petroleum natural gas and their derivatives as well as refining and petrochemicals. It also aims to advance energy-related investment partnerships including efforts to expand Saudi crude oil storage capacity within South Korea s Strategic Petroleum Reserve to enhance supply s...
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Saudi Arabia and South Korea signed a memorandum of understanding (MoU) to deepen cooperation in the oil and gas sector, strengthening their energy partnership and expanding collaboration across key areas of the energy value chain.
The agreement was signed following a meeting in Riyadh
between Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz and
South Korean Minister of Trade, Industry and Energy Kim Jung Kwan, during which
the two sides reviewed areas of mutual interest and explored opportunities to
boost energy investment and cooperation.
The MoU covers cooperation in petroleum, natural gas and
their derivatives, as well as refining and petrochemicals.
It also aims to advance energy-related investment partnerships, including efforts to expand Saudi crude oil storage capacity within South Korea’s Strategic Petroleum Reserve to enhance supply s...
Freudenberg Group has strengthened its energy sector portfolio through the acquisition of Balmoral Comtec. The acquisition is part of Freudenberg Flow Technologies expansion of its Connectors and Sealing Solutions business which serves the global energy industry with sealing and connector systems. Balmoral Comtec based in Aberdeen Scotland brings more than 45 years of experience in engineered buoyancy cable protection and thermal insulation solutions for offshore oil and gas and wind energy projects. The company employs around 400 staff across three UK sites and supports projects across Europe South America and Asia in both traditional and renewable energy markets. Financial terms were not disclosed. The acquisition of Balmoral Comtec not only expands our current business in the conventional energy segment explains J...
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Freudenberg Group has strengthened its energy sector portfolio through the acquisition of Balmoral Comtec.
The acquisition is part of Freudenberg Flow Technologies’
expansion of its Connectors and Sealing Solutions business, which serves the
global energy industry with sealing and connector systems.
Balmoral Comtec, based in Aberdeen, Scotland, brings more
than 45 years of experience in engineered buoyancy, cable protection, and
thermal insulation solutions for offshore oil and gas and wind energy projects.
The company employs around 400 staff across three UK sites
and supports projects across Europe, South America, and Asia in both
traditional and renewable energy markets. Financial terms were not disclosed.
“The acquisition of Balmoral Comtec not only expands our current business in the conventional energy segment,” explains J...
Global energy technology company SLB announced a memorandum of understanding with Qualcomm Technologies to enable edge AI solutions for the energy industry supporting real-time operational decision-making across wells facilities and production systems. The collaboration combines Qualcomm Technologies low-power edge computing and AI processing capabilities with SLB s Agora edge AI and IoT solutions developed for remote and operationally complex environments. Together SLB and Qualcomm Technologies aim to help operators apply AI more effectively across energy infrastructure said Rakesh Jaggi president Digital SLB. Many energy operations rely on real-time decision-making in remote environments where connectivity and responsiveness directly affect performance. AI systems designed around the realities of energy operations can help support more consistent and autonomous workflows across thos...
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Global energy technology company SLB announced a memorandum of understanding with Qualcomm Technologies to enable edge AI solutions for the energy industry, supporting real-time operational decision-making across wells, facilities and production systems.
The collaboration combines Qualcomm Technologies’ low-power
edge computing and AI processing capabilities, with SLB’s Agora edge AI and IoT
solutions developed for remote and operationally complex environments.
“Together, SLB and Qualcomm Technologies aim to help operators apply AI more effectively across energy infrastructure,” said Rakesh Jaggi, president, Digital, SLB. “Many energy operations rely on real-time decision-making in remote environments where connectivity and responsiveness directly affect performance. AI systems designed around the realities of energy operations can help support more consistent and autonomous workflows across thos...
A new international report highlights that stronger government engagement and closer global cooperation will be critical to accelerating the deployment of clean energy technologies through the end of this decade. The findings are set out in the latest Breakthrough Agenda report a joint publication by the International Energy Agency (IEA) and the Climate High-Level Champions which assesses progress on energy and climate collaboration and identifies near-term priorities across six key sectors. The report warns that while global commitments to energy transition remain strong translating ambition into implementation continues to face significant challenges. It notes that the pace of deploying new technologies will depend increasingly on whether governments industry and international institutions can overcome barriers related to investment infrastructure and ma...
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A new international report highlights that stronger government engagement and closer global cooperation will be critical to accelerating the deployment of clean energy technologies through the end of this decade.
The findings are set out in the latest Breakthrough Agenda
report, a joint publication by the International Energy Agency (IEA) and the
Climate High-Level Champions, which assesses progress on energy and climate
collaboration and identifies near-term priorities across six key sectors.
The report warns that while global commitments to energy
transition remain strong, translating ambition into implementation continues to
face significant challenges.
It notes that the pace of deploying new technologies will depend increasingly on whether governments, industry and international institutions can overcome barriers related to investment, infrastructure and ma...
The Saudi Arabia Ministry of Energy announced the winning bidders for eight licenses covering the establishment development operation and maintenance of liquefied petroleum gas (LPG) filling and storage facilities as well as the wholesale distribution of LPG to consumers. As part of the tender process the ministry invited interested investors operating in the LPG sector to compete for the licenses. Following the completion of the prequalification stage it proceeded with the tender process and conducted a comprehensive assessment of the submitted bids. UNIGAZ Arabia Company was awarded three licenses for LPG filling and storage facilities in Riyadh Hail and Al-Ahsa in addition to a license for wholesale LPG distribution across the Kingdom. A consortium comprising NGC Energy Saudi and Zamil Group Holding Company was...
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The Saudi Arabia Ministry of Energy announced the winning bidders for eight licenses covering the establishment, development, operation, and maintenance of liquefied petroleum gas (LPG) filling and storage facilities, as well as the wholesale distribution of LPG to consumers.
As part of the tender process, the ministry invited
interested investors operating in the LPG sector to compete for the licenses.
Following the completion of the prequalification stage, it
proceeded with the tender process and conducted a comprehensive assessment of
the submitted bids.
UNIGAZ Arabia Company was awarded three licenses for LPG
filling and storage facilities in Riyadh, Hail, and Al-Ahsa, in addition to a
license for wholesale LPG distribution across the Kingdom.
A consortium comprising NGC Energy Saudi and Zamil Group Holding Company was...
The European Union (EU) launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) a flagship initiative under the Pact for the Mediterranean. T-MED aims to accelerate the development of renewable energy hydrogen clean technology manufacturing and modern electricity networks across the Mediterranean region supporting a more integrated sustainable and interconnected Mediterranean energy market. Unveiled during the European Sustainable Energy Week by Commissioner for the Mediterranean Dubravka Šuica and Commissioner for Energy and Housing Dan Jørgensen T-MED aims to mobilise up to 25 billion ( 29 billion) in expected investments by 2035. The European Commission has made available more than 5 billion in guarantee capacity under the European Fund for Sustainable Development Plus. This guarantee ...
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The European Union (EU) launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED) – a flagship initiative under the Pact for the Mediterranean.
T-MED aims to accelerate the development of renewable
energy, hydrogen, clean technology manufacturing and modern electricity
networks across the Mediterranean region, supporting a more integrated,
sustainable, and interconnected Mediterranean energy market.
Unveiled during the European Sustainable Energy Week by
Commissioner for the Mediterranean Dubravka Šuica, and Commissioner for Energy
and Housing Dan Jørgensen, T-MED aims to mobilise up to €25 billion ($29
billion) in expected investments by 2035.
The European Commission has made available more than €5
billion in guarantee capacity under the European Fund for Sustainable
Development Plus.
This guarantee ...
Japanese Prime Minister Sanae Takaichi is expected to propose a three-point framework to strengthen global energy security at G7 Summit amid growing concerns over oil supply disruptions linked to renewed tensions in the Middle East. According to a government source cited by Kyodo News the proposed principles focus on preserving free and transparent energy trade expanding strategic oil reserves and enhancing cooperation between energy-producing and energy-consuming nations. The initiative comes as geopolitical developments in the Middle East heighten concerns over the stability of global energy markets and the security of oil supplies. ...
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Japanese Prime Minister Sanae Takaichi is expected to propose a three-point framework to strengthen global energy security at G7 Summit, amid growing concerns over oil supply disruptions linked to renewed tensions in the Middle East.
According to a government source cited by Kyodo News, the
proposed principles focus on preserving free and transparent energy trade,
expanding strategic oil reserves, and enhancing cooperation between
energy-producing and energy-consuming nations.
The initiative comes as geopolitical developments in the
Middle East heighten concerns over the stability of global energy markets and
the security of oil supplies.
Italy will spend almost 60 billion ( 69 billion) this year to import energy up 8-9 billion from 2025 the national fuel producers association UNEM said. Last year we had an energy bill of 48.7 billion more than 7 billion less than in 2024 but this year our estimate is that it could rise to around 57 58 billion Gianni Murano UNEM President said at the annual meeting of the association. UNEM said Italy s bill for oil imports could reach around 24 ...
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Italy will spend almost €60 billion ($69 billion) this year to import energy, up €8-9 billion from 2025, the national fuel producers association UNEM said.
"Last year we had an energy bill of €48.7 billion, more than 7 billion less
than in 2024, but this year our estimate
is that it could rise to around €57–58 billion,"
Gianni Murano, UNEM President, said at the annual meeting of the association.
UNEM said Italy's bill for oil imports could reach around €24 ...
Qatar s International Media Office has strongly rejected the allegations published by The Washington Post on June 12 that the country s energy production decisions were ever coordinated with Iran or intended to influence regional events said a Qatar News Agency report. In a statement the Office dismissed the claims as entirely false and particularly implausible as Qatar was at the time responding to Iranian missile attacks targeting its territory said the QNA report. The allegations are based on unreliable and fabricated sources aiming to undermine ongoing mediation efforts damage Qatar s reputation and negatively affect its strategic partnership with the United States of America the statement added. The Office explained that the foundations of the newspaper s claims have changed over time yet its main narrative remained unchanged ignoring the facts and information presented to it. The statement emphasised that any suggestion that ...
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Qatar's International Media Office has strongly rejected the allegations published by The Washington Post on June 12 that the country's energy production decisions were ever coordinated with Iran or intended to influence regional events, said a Qatar News Agency report.
In a statement, the Office dismissed the claims as entirely false and particularly implausible as Qatar was, at the time, responding to Iranian missile attacks targeting its territory, said the QNA report.
The allegations are based on unreliable and fabricated sources aiming to undermine ongoing mediation efforts, damage Qatar's reputation, and negatively affect its strategic partnership with the United States of America, the statement added.
The Office explained that the foundations of the newspaper's claims have changed over time, yet its main narrative remained unchanged, ignoring the facts and information presented to it.
The statement emphasised that any suggestion that ...
The Solar PV & Energy Storage World Expo 2026 (PV Guangzhou) is set to bring together leading global players from the renewable energy sector when it returns to Guangzhou from September 16 to 18 2026 with a stronger focus on energy storage technologies and integrated clean energy solutions. The three-day event to be held at Area B of the China Import & Export Fair Complex is expected to host more than 2 000 exhibitors across 180 000 sq m of exhibition space making it one of the largest industry gatherings dedicated to solar photovoltaic and energy storage technologies. Organisers said the exhibition will offer comprehensive coverage of the entire solar and energy storage value chain providing buyers project developers EPC contractors distributors and investors with a one-stop sourcing platform for the latest products technologies and services. Building on more than a decade of experience in organising international photovoltaic trade fairs PV Gua...
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The Solar PV & Energy Storage World Expo 2026 (PV Guangzhou) is set to bring together leading global players from the renewable energy sector when it returns to Guangzhou from September 16 to 18, 2026, with a stronger focus on energy storage technologies and integrated clean energy solutions.
The three-day event, to be held at Area B of the China Import & Export Fair Complex, is expected to host more than 2,000 exhibitors across 180,000 sq m of exhibition space, making it one of the largest industry gatherings dedicated to solar photovoltaic and energy storage technologies.
Organisers said the exhibition will offer comprehensive coverage of the entire solar and energy storage value chain, providing buyers, project developers, EPC contractors, distributors and investors with a one-stop sourcing platform for the latest products, technologies and services.
Building on more than a decade of experience in organising international photovoltaic trade fairs, PV Gua...
Spirit Energy a Centrica business today (June 9) announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40%of the UK s vital cement and lime industry a step closer securing thousands of industrial jobs and contributing to the shift towards cleaner more sustainable industry. The North Sea Transition Authority (NSTA) confirmed Spirt has successfully entered the Assess Phase of its carbon storage licence (CS010) a crucial step towards preparing a permit application to safely lock away CO2 emissions in the depleted North and South Morecambe fields in the East Irish Sea once gas production ceases by the end of the decade. It follows three years of intense work from Spirit s subsurface wells projects HSE commercial and engineering teams including new high resolution 3D seismic acquisition and advanced 3D seismic imaging of the Morecambe...
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Spirit Energy, a Centrica business, today (June 9) announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world’s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40%of the UK’s vital cement and lime industry a step closer, securing thousands of industrial jobs and contributing to the shift towards cleaner, more sustainable industry.
The North Sea Transition Authority (NSTA) confirmed Spirt has successfully entered the ‘Assess Phase’ of its carbon storage licence (CS010), a crucial step towards preparing a permit application to safely lock away CO2 emissions in the depleted North and South Morecambe fields in the East Irish Sea, once gas production ceases by the end of the decade.
It follows three years of intense work from Spirit’s subsurface, wells, projects, HSE, commercial and engineering teams, including new high resolution 3D seismic acquisition and advanced 3D seismic imaging of the Morecambe...
Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ( 992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well providing key upgrades to its energy infrastructure. This comes following the approval from Kuwait s Central Agency for Public Tenders (CAPT) for the contract award reported local newspaper Al Ra i. Mina Al Ahmadi is the country s main port for the export of crude oil with operational oil export terminals at Mina Abdullah Mina Shuaiba and Mina Saud according to market reports. The KOC project covers the development of storage facilities for Kuwait Export Crude and Jurassic crude and enhancements to existing oil export infrastructure it added. ...
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Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well providing key upgrades to its energy infrastructure.
This comes following the approval from Kuwait’s Central Agency for Public Tenders (CAPT) for the contract award, reported local newspaper Al Rai.
Mina Al Ahmadi is the country's main port for the export of crude oil with operational oil export terminals at Mina Abdullah, Mina Shuaiba, and Mina Saud, according to market reports.
The KOC project covers the development of storage facilities for Kuwait Export Crude and Jurassic crude and enhancements to existing oil export infrastructure, it added.
Oman s Public Establishment for Industrial Estates (Madayn) has unveiled an ambitious programme to implement 90 infrastructure projects across its industrial cities over the next five years while advancing what is set to become the largest solar energy project within the Sultanate s industrial zones as part of its updated Vision 2040 strategy. The plans were revealed during a partners meeting hosted by Suhar Industrial City where Madayn officials outlined its revised Vision 2040 and strategic roadmap for 2026-2030 aimed at strengthening industrial competitiveness accelerating sustainability initiatives and enhancing Oman s investment environment. The five-year plan is built around three strategic pillars covering development and operations institutional excellence and environmental protection. The programme includes 90 projects designed to upgrade and expand infrastructure across Madayn s industrial cities supporting the next phase of industrial growth and investme...
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Oman’s Public Establishment for Industrial Estates (Madayn) has unveiled an ambitious programme to implement 90 infrastructure projects across its industrial cities over the next five years, while advancing what is set to become the largest solar energy project within the Sultanate’s industrial zones as part of its updated Vision 2040 strategy.
The plans were revealed during a partners' meeting hosted by Suhar Industrial City, where Madayn officials outlined its revised Vision 2040 and strategic roadmap for 2026-2030 aimed at strengthening industrial competitiveness, accelerating sustainability initiatives and enhancing Oman’s investment environment.
The five-year plan is built around three strategic pillars covering development and operations, institutional excellence and environmental protection. The programme includes 90 projects designed to upgrade and expand infrastructure across Madayn's industrial cities, supporting the next phase of industrial growth and investme...
Egypt has secured a 420 million foreign investment commitment for a 580-megawatt wind power project on the Red Sea coast marking another significant step in the country s drive to expand renewable energy capacity and attract private-sector capital into the energy sector. The investment will be made by Dubai-based Alcazar Energy which signed agreements with Egypt s New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) to invest in operate and manage the Gabal El-Zeit wind farm in the Red Sea Governorate. The project will be financed through external funding sources providing a fresh inflow of foreign capital into Egypt s renewable energy sector. The agreements signed in the presence of Prime Minister Mostafa Madbouly cover the investment operation and power purchase arrangements for the facility which will have a minimum installed capacity of 580 MW throughout the contract period. Under the deal EETC will purchase the...
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Egypt has secured a $420 million foreign investment commitment for a 580-megawatt wind power project on the Red Sea coast, marking another significant step in the country's drive to expand renewable energy capacity and attract private-sector capital into the energy sector.
The investment will be made by Dubai-based Alcazar Energy, which signed agreements with Egypt's New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) to invest in, operate and manage the Gabal El-Zeit wind farm in the Red Sea Governorate. The project will be financed through external funding sources, providing a fresh inflow of foreign capital into Egypt's renewable energy sector.
The agreements, signed in the presence of Prime Minister Mostafa Madbouly, cover the investment, operation and power purchase arrangements for the facility, which will have a minimum installed capacity of 580 MW throughout the contract period. Under the deal, EETC will purchase the...
Middle East Energy returns to the Dubai World Trade Centre from September 1 to 3 marking its historic 50th year since it staged its inaugural event in 1976. This milestone further reinforces Middle East Energy s position as the event where the global energy industry comes to do business. This year s event comes at a pivotal moment as energy demand accelerates across the region driven by electrification industrial expansion and the rapid scaling of AI and data centre infrastructure said a statement. For five decades Middle East Energy has served as a central meeting point for organisations involved in financing building and regulating the region s power infrastructure. The event has also evolved alongside the rapid development of the region s energy systems reflecting the shift from conventional generation to a more complex mix of renewables storage digital infrastructure and smarter grids. As demand grows to expand capacity strengthen grid re...
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Middle East Energy returns to the Dubai World Trade Centre from September 1 to 3, marking its historic 50th year since it staged its inaugural event in 1976.
This milestone further reinforces Middle East Energy’s position as the event where the global energy industry comes to do business.
This year’s event comes at a pivotal moment, as energy demand accelerates across the region, driven by electrification, industrial expansion and the rapid scaling of AI and data centre infrastructure, said a statement.
For five decades, Middle East Energy has served as a central meeting point for organisations involved in financing, building and regulating the region’s power infrastructure. The event has also evolved alongside the rapid development of the region’s energy systems, reflecting the shift from conventional generation to a more complex mix of renewables, storage, digital infrastructure and smarter grids. As demand grows to expand capacity, strengthen grid re...
The International Renewable Energy Agency (Irena) has announced that it has signed a collaborative partnership agreement with Etihad Credit Insurance (ECI). ECI has a broad geographic footprint covering 110 countries with particular focus on Africa Central Asia the Middle East and Gulf Cooperation Council (GCC) South and Southeast Asia and the Comprehensive Economic Partnership Agreement (CEPA) partner countries. The Irena-ECI partnership will enable combining the institutions project original channels and network of partners on a single platform the ETAF maximising chances for renewable energy projects across the globe to get to financing and construction. ECI s joining brings ETAF s partner count to 15 with pledges totalling 4.15 billion highlighting its role as one of the most inclusive financing and de-risking platforms for a renewable-based energy transition. Under the deal ECI is bringing a suite of innovative credit insurance and risk mit...
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The International Renewable Energy Agency (Irena) has announced that it has signed a collaborative partnership agreement with Etihad Credit Insurance (ECI).
ECI has a broad geographic footprint covering 110 countries, with particular focus on Africa, Central Asia, the Middle East and Gulf Cooperation Council (GCC), South and Southeast Asia, and the Comprehensive Economic Partnership Agreement (CEPA) partner countries.
The Irena-ECI partnership will enable combining the institutions’ project original channels and network of partners on a single platform – the ETAF – maximising chances for renewable energy projects across the globe to get to financing and construction.
ECI’s joining brings ETAF’s partner count to 15, with pledges totalling $4.15 billion, highlighting its role as one of the most inclusive financing and de-risking platforms for a renewable-based energy transition.
Under the deal, ECI is bringing a suite of innovative credit insurance and risk mit...
Malaysia is poised to exceed its National Energy Policy s (NEP) 2040 renewable energy capacity target of 18.43GW by 2031 driven by aggressive large-scale solar tenders strong policy framework accessible financing and rapidly improving grid integration and storage capacity that reduce lead-time risks according to GlobalData a leading intelligence and productivity platform. GlobalData s latest report Malaysia Power Market Trends and Analysis by Capacity Generation Transmission Distribution Regulations Key Players and Forecast to 2035 reveals that the country s renewable capacity is expected to increase from around 6.9GW in 2025 to approximately 31.5GW. Renewable power generation is estimated to reach 46.4TWh in 2035 from 10.1TWh in 2025. Sudeshna Sarmah Power Analyst at GlobalData comments: Malaysia s suite of long-term energy plans such as the National Energy Policy 2022-2040 M...
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Malaysia is poised to exceed its National Energy Policy’s (NEP) 2040 renewable energy capacity target of 18.43GW by 2031, driven by aggressive large-scale solar tenders, strong policy framework, accessible financing, and rapidly improving grid integration and storage capacity that reduce lead-time risks, according to GlobalData, a leading intelligence and productivity platform.
GlobalData’s latest report, “Malaysia Power Market Trends
and Analysis by Capacity, Generation, Transmission, Distribution, Regulations,
Key Players and Forecast to 2035”, reveals that the country’s renewable
capacity is expected to increase from around 6.9GW in 2025 to approximately
31.5GW. Renewable power generation is estimated to reach 46.4TWh in 2035 from
10.1TWh in 2025.
Sudeshna Sarmah, Power Analyst at GlobalData, comments: “Malaysia’s suite of long-term energy plans such as the National Energy Policy 2022-2040, M...
Acwa Power Philippines a subsidiary of Acwa Power Company has signed a contract of lease (COL) with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site within New Clark City marking a milestone in the Philippines clean energy and industrial transformation agenda. Under the lease with BCDA Acwa Power Philippines will develop an integrated utility-scale solar photovoltaic and battery energy storage system (PV-BESS) facility. The project represents an initial investment of at least 400 000 per megawatt (MW) with a capacity of up to 500 MW upon full build-out subject to final design regulatory approvals and future expansion phases. This project is one of the key investment commitments secured by the Philippine government under the administration of President Ferdinand Marcos in support of the country s sustainable economic growth a...
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Acwa Power Philippines, a subsidiary of Acwa Power Company, has signed a contract of lease (COL) with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site within New Clark City, marking a milestone in the Philippines' clean energy and industrial transformation agenda.
Under the lease with BCDA, Acwa Power Philippines will
develop an integrated utility-scale solar photovoltaic and battery energy
storage system (PV-BESS) facility.
The project represents an initial investment of at least $400,000
per megawatt (MW), with a capacity of up to 500 MW upon full build-out, subject
to final design, regulatory approvals, and future expansion phases.
This project is one of the key investment commitments secured by the Philippine government under the administration of President Ferdinand Marcos, in support of the country's sustainable economic growth a...
Acwa Power Philippines a subsidiary of Acwa has signed a Joint Development Agreement (JDA) with Emerging Power (EPI) the clean energy arm of Nickel Asia Corporation (NAC) to jointly pursue up to 5 000 MW of renewable energy and gas-fired generation capacity across the Philippines. NAC is one of Southeast Asia s largest producers of lateritic nickel ore and a company now pivoting into diversified natural resources and energy development through EPI. Under the JDA Acwa and EPI seek to identify and - where opportunities align - co-develop new power projects nationwide. A priority near-term track is joint participation in the Philippines Green Energy Auction Program (GEAP) where the partners intend to put forward competitive proposals in response to the government s call for more investments in renewable energy. Dr Sam...
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Acwa Power Philippines, a subsidiary of Acwa, has signed a Joint Development Agreement (JDA) with Emerging Power (EPI), the clean energy arm of Nickel Asia Corporation (NAC), to jointly pursue up to 5,000 MW of renewable energy and gas-fired generation capacity across the Philippines.
NAC is one of Southeast Asia's largest producers of
lateritic nickel ore and a company now pivoting into diversified natural
resources and energy development through EPI.
Under the JDA, Acwa and EPI seek to identify and - where
opportunities align - co-develop new power projects nationwide.
A priority near-term track is joint participation in the
Philippines' Green Energy Auction Program (GEAP), where the partners intend to
put forward competitive proposals in response to the government’s call for more
investments in renewable energy.
Dr Sam...
Aggregate net profits reported by companies listed on Gulf Cooperation Council (GCC) exchanges rose 15.5% year-on-year in the first quarter of 2026 to a record quarterly high of 67.9 billion up from 58.8 billion a year earlier according to an industry expert. The increase was also supported by higher profits at listed banks and companies in the food and beverage (F&B) and capital goods sectors. However declines in earnings among telecommunications and transportation companies partially offset the overall growth said Kamco Invest a regional non-banking financial powerhouse with one of the largest AUMs in the region. On a sequential basis aggregate profits jumped more than 40% from the fourth quarter of 2025 supported by stronger earnings in the energy materials and banking sectors. The quarter-on-quarter increase was partly tempered by weaker profits in the real estate and F&B sectors. At the country level listed companies in Qatar and Kuwait repo...
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Aggregate net profits reported by companies listed on Gulf Cooperation Council (GCC) exchanges rose 15.5% year-on-year in the first quarter of 2026 to a record quarterly high of $67.9 billion, up from $58.8 billion a year earlier, according to an industry expert.
The increase was also supported by higher profits at listed banks and companies in the food and beverage (F&B) and capital goods sectors. However, declines in earnings among telecommunications and transportation companies partially offset the overall growth, said Kamco Invest, a regional non-banking financial powerhouse with one of the largest AUMs in the region.
On a sequential basis, aggregate profits jumped more than 40% from the fourth quarter of 2025, supported by stronger earnings in the energy, materials and banking sectors. The quarter-on-quarter increase was partly tempered by weaker profits in the real estate and F&B sectors.
At the country level, listed companies in Qatar and Kuwait repo...
Dubai Esports & Games Festival (DEF) 2026 running till June 7 has brought together gaming esports technology creativity and entertainment through an expanded programme of experiences designed to engage players fans families and industry professionals alike. Leading organisations from across the public and private sectors have also come together to support the continued growth of Dubai s gaming and esports ecosystem helping create new opportunities for players creators developers and aspiring industry professionals. The event is organised by Dubai Festivals and Retail Establishment (DFRE) part of the Dubai Department of Economy and Tourism (DET). Through partnerships spanning technology culture mobility retail and entertainment this year s festival reflects a shared commitment to supporting emerging talent fostering innovation and creating pathways for the next generation of gaming professionals across the region. Beyond live gaming experi...
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Dubai Esports & Games Festival (DEF) 2026, running till June 7, has brought together gaming, esports, technology, creativity and entertainment through an expanded programme of experiences designed to engage players, fans, families and industry professionals alike.
Leading organisations from across the public and private sectors have also come together to support the continued growth of Dubai’s gaming and esports ecosystem, helping create new opportunities for players, creators, developers and aspiring industry professionals.
The event is organised by Dubai Festivals and Retail Establishment (DFRE), part of the Dubai Department of Economy and Tourism (DET).
Through partnerships spanning technology, culture, mobility, retail and entertainment, this year’s festival reflects a shared commitment to supporting emerging talent, fostering innovation, and creating pathways for the next generation of gaming professionals across the region.
Beyond live gaming experi...
The clean energy production capacity of Dubai Electricity and Water Authority (DEWA) now accounts for more than 21.5% of its total energy production capacity said Saeed Mohammed Al Tayer MD & CEO of DEWA. He said the UAE s leadership places great importance on environmental sustainability rooted in a firm and enduring approach established by the Founding Father Sheikh Zayed bin Sultan Al Nahyan who made environmental protection and the preservation of natural resources an integral pillar of the UAE s comprehensive and sustainable development journey. He added that in line with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 which aim to provide 100% of Dubai s energy production capacity from clean sources by 2050 DEWA continues to implement leading renewable and clean energy projects. Al Tayer said that World Environment Day (June 5) is an important occasion to renew commitment to environmental protection...
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The clean energy production capacity of Dubai Electricity and Water Authority (DEWA) now accounts for more than 21.5% of its total energy production capacity, said Saeed Mohammed Al Tayer, MD & CEO of DEWA.
He said the UAE’s leadership places great importance on environmental sustainability, rooted in a firm and enduring approach established by the Founding Father, Sheikh Zayed bin Sultan Al Nahyan, who made environmental protection and the preservation of natural resources an integral pillar of the UAE’s comprehensive and sustainable development journey.
He added that, in line with the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050, which aim to provide 100% of Dubai’s energy production capacity from clean sources by 2050, DEWA continues to implement leading renewable and clean energy projects.
Al Tayer said that World Environment Day (June 5) is an important occasion to renew commitment to environmental protection...
Beyon a leading telecommunication company and digital enabler has announced the appointment of Rashed Mohamed as Group Chief Technology Officer. Mohamed has been leading the evolution of network and IT platforms at Batelco by Beyon as CTO since 2024. A seasoned Bahraini technology leader with more than 20 years of industry experience Rashed brings deep expertise across mobile and fixed networks IT transformation digital infrastructure and technology strategy. Throughout his career he has successfully led large-scale transformation initiatives that have enhanced operational capabilities accelerated innovation and supported sustainable business growth. Lauding the appointment Beyon Group CEO Andrew Kvaalseth said this appointment reflects both his strong leadership track record and the critical role technology continues to play in Beyon s growth strategy. His extensive experience and deep understanding of our business and markets will help accelerate Beyon...
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Beyon, a leading telecommunication company and digital enabler, has announced the appointment of Rashed Mohamed as Group Chief Technology Officer. Mohamed has been leading the evolution of network and IT platforms at Batelco by Beyon as CTO since 2024.
A seasoned Bahraini technology leader with more than 20 years of industry experience, Rashed brings deep expertise across mobile and fixed networks, IT transformation, digital infrastructure, and technology strategy. Throughout his career, he has successfully led large-scale transformation initiatives that have enhanced operational capabilities, accelerated innovation, and supported sustainable business growth.
Lauding the appointment, Beyon Group CEO Andrew Kvaalseth said this appointment reflects both his strong leadership track record and the critical role technology continues to play in Beyon’s growth strategy.
"His extensive experience and deep understanding of our business and markets will help accelerate Beyon...
HYXI (formerly HYXiPOWER) a global smart energy innovator showcased its latest AI-native smart energy ecosystem at SNEC 2026 in Shanghai under the theme Smarter Energy for All highlighting its vision for AI-native energy autonomy across residential C&I and utility-scale scenarios. During the event HYXI also reached strategic cooperation agreements with global partners including BM Energy Solarever Vision Grid Solutions and Longshine Technology further strengthening its global collaboration. Among the key highlights were HYXI Aura and HYXI Halo expanding HYXI s residential energy portfolio from whole-home backup to more flexible everyday energy applications. Both products will make their official debut at Intersolar Europe 2026 on June 23-25. HYXI Aura is a fully integrated residential energy storage system designed to simplify whole-home backup and energy management. Featuring a true all-in-one architecture with no additional gateway required the s...
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HYXI (formerly HYXiPOWER), a global smart energy innovator, showcased its latest AI-native smart energy ecosystem at SNEC 2026 in Shanghai under the theme "Smarter Energy for All," highlighting its vision for AI-native energy autonomy across residential, C&I, and utility-scale scenarios.
During the event, HYXI also reached strategic cooperation agreements with global partners including BM Energy, Solarever, Vision Grid Solutions and Longshine Technology, further strengthening its global collaboration.
Among the key highlights were HYXI Aura and HYXI Halo, expanding HYXI's residential energy portfolio from whole-home backup to more flexible everyday energy applications. Both products will make their official debut at Intersolar Europe 2026 on June 23-25.
HYXI Aura is a fully integrated residential energy storage system designed to simplify whole-home backup and energy management. Featuring a true all-in-one architecture with no additional gateway required, the s...
CARACAS Venezuela will host its largest international energy investment summit from October 26 29 in Caracas bringing together US Venezuelan and international oil companies investors financiers and technical service providers to advance near-term investment opportunities across the country s reopening energy sector. Officially supported by the Ministry of Hydrocarbons and national oil company PDVSA Venezuela Energy Week 2026 is designed to accelerate capital deployment across one of the world s largest hydrocarbon resource bases. Venezuela holds over 300 billion barrels of proven oil reserves the largest globally alongside more than 195 trillion cubic feet of natural gas. With current production at approximately 1 1.1 million barrels per day the government has set a strategic target to restore output toward 3 million barrels per day through phased investment field rehabilitation and expanded private sector participation. Recent 2026 hydr...
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CARACAS
Venezuela will host its largest international energy investment summit from October 26–29 in Caracas, bringing together US, Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.
Officially supported by the Ministry of Hydrocarbons and national oil company PDVSA, Venezuela Energy Week 2026 is designed to accelerate capital deployment across one of the world’s largest hydrocarbon resource bases.
Venezuela holds over 300 billion barrels of proven oil reserves – the largest globally – alongside more than 195 trillion cubic feet of natural gas. With current production at approximately 1–1.1 million barrels per day, the government has set a strategic target to restore output toward 3 million barrels per day through phased investment, field rehabilitation and expanded private sector participation.
Recent 2026 hydr...
Arabian Construction Company Group (ACC Group) has appointed Eric Savage as its new Chief Technology Officer (CTO). The appointment comes as ACC Group continues to expand its capabilities in response to growing project complexity and evolving operational demands across the construction sector. Savage brings more than 18 years of international experience leading enterprise technology IT strategy and transformation programmes across the Middle East Europe and Africa. His experience spans construction energy and real estate sectors As part of his role Savage will lead ACC Group s technology strategy overseeing enterprise systems cyber security IT infrastructure data initiatives and digital innovation across the business. He will work closely with the leadership team to support operational efficiency scalability and more integrated project delivery across the group s global operations. On his appointment Savage said: ACC has built a strong reput...
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Arabian Construction Company Group (ACC Group) has appointed Eric Savage as its new Chief Technology Officer (CTO). The appointment comes as ACC Group continues to expand its capabilities in response to growing project complexity and evolving operational demands across the construction sector.
Savage brings more than 18 years of international experience leading enterprise technology IT strategy and transformation programmes across the Middle East, Europe, and Africa. His experience spans construction, energy, and real estate sectors
As part of his role, Savage will lead ACC Group’s technology strategy, overseeing enterprise systems, cyber security, IT infrastructure, data initiatives and digital innovation across the business.
He will work closely with the leadership team to support operational efficiency, scalability and more integrated project delivery across the group's global operations.
On his appointment, Savage said: "ACC has built a strong reput...
National Finance a leading finance and leasing company in Oman has signed a strategic memorandum of understanding (MoU) with AB Energy to advance sustainable financing solutions. As part of the partnership National Finance will extend strategic support to AB Energy to facilitate the expansion of its business operations reflecting a shared commitment to accelerating the adoption of renewable energy technologies across the nation. In addition the company will offer exclusive rates on sustainability-linked Consumer Durables Financing to AB Energy s clientele enhancing access to financing solutions that enable sustainable growth and environmentally conscious investments. The agreement was formalised by Ahmed Al Mawali Head of Retail & SME at National Finance and Abdullah Al Saidi Founder & CEO of AB Energy during the Oman Sustainability Week 2026. This partnership underscores the company s continued commitment to advancin...
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National Finance, a leading finance and leasing company in Oman, has signed a strategic memorandum of understanding (MoU) with AB Energy to advance sustainable financing solutions.
As part of the partnership, National Finance will extend strategic support to AB Energy to facilitate the expansion of its business operations, reflecting a shared commitment to accelerating the adoption of renewable energy technologies across the nation.
In addition, the company will offer exclusive rates on sustainability-linked Consumer Durables Financing to AB Energy’s clientele, enhancing access to financing solutions that enable sustainable growth and environmentally conscious investments.
The agreement was formalised by Ahmed Al Mawali, Head of Retail & SME at National Finance, and Abdullah Al Saidi, Founder & CEO of AB Energy, during the Oman Sustainability Week 2026.
This partnership underscores the company’s continued commitment to advancin...
ATPI Energy has secured contracts valued at more than 50 million over the past four months strengthening its role as a travel management partner within the global energy sector. The agreements reflect continued demand for specialised workforce travel and logistics services across complex international operations. The contracts support ATPI s recent global expansion which includes new client wins enhanced operational capacity and its 2025 acquisition by Direct Travel. These developments have expanded the company s reach and strengthened its technology offering for energy sector mobility needs. Under the new agreements ATPI will deliver end-to-end travel and logistics services for energy operators supply chain partners and service providers. The focus will be on transporting crews techni...
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ATPI Energy has secured contracts valued at more than $50 million over the past four months, strengthening its role as a travel management partner within the global energy sector.
The agreements reflect continued demand for specialised
workforce travel and logistics services across complex international
operations.
The contracts support ATPI’s recent global expansion, which
includes new client wins, enhanced operational capacity, and its 2025
acquisition by Direct Travel.
These developments have expanded the company’s reach and
strengthened its technology offering for energy sector mobility needs.
Under the new agreements, ATPI will deliver end-to-end
travel and logistics services for energy operators, supply chain partners and
service providers.
The focus will be on transporting crews, techni...
Bapco Energies has announced the launch of the NBH Future Energy Leaders Scholarship and Career Development Programme a national initiative aimed at nurturing Bahraini talent in the energy sector. Targeting high-achieving high school graduates and bachelor s degree holders pursuing postgraduate studies the programme provides a comprehensive development pathway. Participants will gain access to world-class universities mentorship hands-on industry training and work placements designed to meet evolving sector demands. The programme operates under a merit-based framework in partnership with the Ministry of Education leading universities and the Crown Prince s International Scholarship Programme. Reflecting Bapco Energies nearly seven-decade legacy in professional training and academic scholarships applications will ope...
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Bapco Energies has announced the launch of the NBH Future Energy Leaders – Scholarship and Career Development Programme, a national initiative aimed at nurturing Bahraini talent in the energy sector.
Targeting high-achieving high school graduates and
bachelor’s degree holders pursuing postgraduate studies, the programme provides
a comprehensive development pathway.
Participants will gain access to world-class universities,
mentorship, hands-on industry training, and work placements designed to meet
evolving sector demands.
The programme operates under a merit-based framework, in
partnership with the Ministry of Education, leading universities, and the Crown
Prince’s International Scholarship Programme.
Reflecting Bapco Energies’ nearly seven-decade legacy in professional training and academic scholarships, applications will ope...
Japan has committed JPY 90.1 million ( 565 422) to support regional cooperation on clean resilient and efficient energy solutions as rising electricity demand driven by digitalisation and artificial intelligence adds pressure to energy systems across the Asia-Pacific. The contribution was formalised in a memorandum of understanding signed on the sidelines of the Second Asia-Pacific Economic Cooperation (APEC) Senior Officials Meeting in Shanghai by Tamura Hideyasu Japan s Senior Official for APEC and Eduardo Pedrosa Executive Director of the APEC Secretariat. The funding directed to the sub-fund for energy efficiency low-carbon and energy resiliency measures will help advance clean energy technologies enhance energy system resilience protect disaster-prone communities and expand energy access in rural and remote areas. Japan s contribution also supp...
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Japan has committed JPY 90.1 million ($565,422) to support regional cooperation on clean, resilient, and efficient energy solutions, as rising electricity demand driven by digitalisation and artificial intelligence adds pressure to energy systems across the Asia-Pacific.
The contribution was formalised in a memorandum of
understanding signed on the sidelines of the Second Asia-Pacific Economic
Cooperation (APEC) Senior Officials’ Meeting in Shanghai by Tamura Hideyasu,
Japan’s Senior Official for APEC, and Eduardo Pedrosa, Executive Director of
the APEC Secretariat.
The funding, directed to the sub-fund for energy efficiency,
low-carbon, and energy resiliency measures, will help advance clean energy
technologies, enhance energy system resilience, protect disaster-prone
communities, and expand energy access in rural and remote areas.
Japan’s contribution also supp...
The United States has announced a new package of sanctions on Iranian oil and petrochemical networks as part of its ongoing maximum pressure campaign. These measures are designed to systematically deny the Iranian regime the revenue streams it relies upon to finance its military expansion and destabilising regional activities according to US State Department. The Department is also designating three entities and one individual intimately linked to the trade and facilitation of these illicit commodities. These actions build upon measures taken Thursday by the US Department of the Treasury which sanctioned critical actors within a massive Iranian oil sales network. State Department Spokesperson Thomas Pigott stated that Friday s actions directly target Iran s illicit oil economy taking aim at the key entities individuals and maritime vessels that form the backbone of Tehran s oil and petrochemical transport network. Specifically the Department ...
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The United States has announced a new package of sanctions on Iranian oil and petrochemical networks as part of its ongoing "maximum pressure" campaign.
These measures are designed to systematically deny the Iranian regime the revenue streams it relies upon to finance its military expansion and destabilising regional activities, according to US State Department.
The Department is also designating three entities and one individual intimately linked to the trade and facilitation of these illicit commodities.
These actions build upon measures taken Thursday by the US Department of the Treasury, which sanctioned critical actors within a massive Iranian oil sales network.
State Department Spokesperson Thomas Pigott stated that Friday's actions directly target Iran's 'illicit oil economy', taking aim at the key entities, individuals, and maritime vessels that form the backbone of Tehran's oil and petrochemical transport network.
"Specifically, the Department ...
Global energy investment is projected to reach 3.4 trillion in 2026 a slight increase year-on-year according to a new IEA report. The 2026 edition of the IEA s annual World Energy Investment report said around 2.2 trillion is expected to go to grids storage low-emissions fuels nuclear renewables efficiency and electrification in 2026 while around 1.2 trillion is set to be invested in oil natural gas and coal. It noted that despite higher oil prices oil investment is expected to decline for a third consecutive year in 2026 falling below 500 billion. The report finds that uncertainty over the duration of the price spike long project lead times supply chain constraints and tighter offshore rig markets are limiting near-term spending responses outside the Middle East. At the same time natural gas investment is projected to rise to 330 billion the highest level in a decade supported by a wave of new LNG export projects particularly in the United St...
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Global energy investment is projected to reach $3.4 trillion in 2026, a slight increase year-on-year, according to a new IEA report.
The 2026 edition of the IEA’s annual World Energy Investment report said around $2.2 trillion is expected to go to grids, storage, low-emissions fuels, nuclear, renewables, efficiency and electrification in 2026, while around $1.2 trillion is set to be invested in oil, natural gas and coal.
It noted that despite higher oil prices, oil investment is expected to decline for a third consecutive year in 2026, falling below $500 billion. The report finds that uncertainty over the duration of the price spike, long project lead times, supply chain constraints and tighter offshore rig markets are limiting near-term spending responses outside the Middle East.
At the same time, natural gas investment is projected to rise to $330 billion, the highest level in a decade, supported by a wave of new LNG export projects, particularly in the United St...
Hitachi Energy a global leader in electrification and Volvo Construction Equipment (Volvo CE) a leading manufacturer of construction equipment machinery have signed a memorandum of understanding (MoU) to collaborate on developing end to end approaches that support the deployment of zero emission construction sites. The collaboration brings together electric construction equipment with clean power supply energy management and system integration capabilities to help address one of the construction industry s most pressing challenges: decarbonisation. Customer and investor demand for lower emission more productive construction operations is reshaping the industry. At the same time regulatory and permitting frameworks increasingly require projects to address emissions and environmental performance throughout the planning and approval process. While electrification automation and efficient resource and asset planning offer clear pathways to reduce ...
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Hitachi Energy, a global leader in electrification, and Volvo Construction Equipment (Volvo CE), a leading manufacturer of construction equipment machinery, have signed a memorandum of understanding (MoU) to collaborate on developing end‑to‑end approaches that support the deployment of zero‑emission construction sites.
The collaboration brings together electric construction equipment with clean power supply, energy management, and system integration capabilities to help address one of the construction industry’s most pressing challenges: decarbonisation.
Customer and investor demand for lower‑emission, more productive construction operations is reshaping the industry. At the same time, regulatory and permitting frameworks increasingly require projects to address emissions and environmental performance throughout the planning and approval process.
While electrification, automation, and efficient resource and asset planning offer clear pathways to reduce ...
Renewed infrastructure investment and an absolute commitment to freedom of navigation through the Strait of Hormuz are needed to enhance global energy resilience said Dr Sultan bin Ahmed Al Jaber UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC). Speaking with the Atlantic Council Dr Al Jaber called for investment across the value chain to strengthen the global energy economy. As part of this plan the company is moving forward with a new phase of world-scale project execution including accelerating construction of a second pipeline to double export capacity through Fujairah Port which bypasses the Strait of Hormuz he said. Right now too much of the world s energy still moves through too few chokepoints. That is exactly why the UAE made the decision more than a decade ago to invest in infrastructure that bypasses the Strait. And it is why we moved ahead with our second pipeline in 20...
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Renewed infrastructure investment and an absolute commitment to freedom of navigation through the Strait of Hormuz are needed to enhance global energy resilience, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC).
Speaking with the Atlantic Council, Dr Al Jaber called for investment across the value chain to strengthen the global energy economy. As part of this plan, the company is moving forward with a new phase of world-scale project execution, including accelerating construction of a second pipeline to double export capacity through Fujairah Port, which bypasses the Strait of Hormuz, he said.
“Right now, too much of the world’s energy still moves through too few chokepoints. That is exactly why the UAE made the decision more than a decade ago to invest in infrastructure that bypasses the Strait. And it is why we moved ahead with our second pipeline in 20...
Action Energy Company has announced the signing of a market maker agreement with National Investments Company (NIC) aimed at enhancing liquidity and improving trading efficiency for its listed shares. The agreement follows strong investor demand for Action Energy Company s initial public offering which saw significant oversubscription and robust participation from both local and international investors. The arrangement is intended to support more consistent trading activity and strengthen market depth for the company s stock traded under the ticker ALFTAQA on the Premier Market of Boursa Kuwait. Under the terms of the agreement National Investments Company will act as market maker by placing simultaneous buy and sell orders during trading sessions. These orders will be executed within a defined price spread and minimum...
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Action Energy Company has announced the signing of a market maker agreement with National Investments Company (NIC), aimed at enhancing liquidity and improving trading efficiency for its listed shares.
The agreement follows
strong investor demand for Action Energy Company’s initial public offering,
which saw significant oversubscription and robust participation from both local
and international investors.
The arrangement is
intended to support more consistent trading activity and strengthen market
depth for the company’s stock, traded under the ticker “ALFTAQA” on the Premier
Market of Boursa Kuwait.
Under the terms of the
agreement, National Investments Company will act as market maker by placing
simultaneous buy and sell orders during trading sessions.
These orders will be executed within a defined price spread and minimum...
Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung have agreed to strengthen energy cooperation including securing stable supplies of crude oil petroleum products and liquefied natural gas amid rising geopolitical tensions in the Middle East Kyodo News reported. The two countries plan to establish a policy dialogue to advance specific areas of energy collaboration and work together to build more resilient supply chains for critical minerals Takaichi said after their meeting in Andong southeastern South Korea. Following the summit Lee described the potential for bilateral cooperation as limitless stressing that South Korea China and Japan should respect one another cooperate and pursue shared interests to ensure regional peace and stability. Under the planned framework cooperation will focus on two main areas: coordina...
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Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung have agreed to strengthen energy cooperation, including securing stable supplies of crude oil, petroleum products, and liquefied natural gas, amid rising geopolitical tensions in the Middle East, Kyodo News reported.
The two countries plan to establish a policy dialogue to
advance specific areas of energy collaboration and work together to build more
resilient supply chains for critical minerals, Takaichi said after their
meeting in Andong, southeastern South Korea.
Following the summit, Lee described the potential for
bilateral cooperation as “limitless,” stressing that South Korea, China, and
Japan should respect one another, cooperate, and pursue shared interests to
ensure regional peace and stability.
Under the planned framework, cooperation will focus on two main areas: coordina...
Holcim UAE has officially launched ECOCycle at the recent Make It In The Emirates event in Abu Dhabi marking a landmark moment in the journey toward smarter more sustainable construction. ECOCycle uses Holcim s advanced circular technology to accelerate change building cities from cities and closing the loop in construction the company said. The UAE generates enormous volumes of construction demolition materials every year accounting for an estimated 70% to 75% of the nation s total solid waste. ECOCycle directly addresses this challenge by transforming this into new high-quality building materials giving discarded resources a second life rather than sending them to landfill. ECOCycle Holcim s circularity technology platform guarantees a minimum of 10% up to 100% recycled construction demolition materials in every labeled product with no compromise on quality or performance. Ali Said CEO of Holcim UAE and Oman said: With ECOCycle we re b...
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Holcim UAE has officially launched ECOCycle at the recent Make It In The Emirates event in Abu Dhabi, marking a landmark moment in the journey toward smarter, more sustainable construction.
ECOCycle uses Holcim's advanced circular technology to accelerate change, "building cities from cities and closing the loop in construction", the company said.
The UAE generates enormous volumes of construction demolition materials every year, accounting for an estimated 70% to 75% of the nation's total solid waste. ECOCycle directly addresses this challenge by transforming this into new, high-quality building materials, giving discarded resources a second life rather than sending them to landfill. ECOCycle, Holcim's circularity technology platform, guarantees a minimum of 10% up to 100% recycled construction demolition materials in every labeled product, with no compromise on quality or performance.
Ali Said, CEO of Holcim UAE and Oman, said: "With ECOCycle, we're b...
Etihad Energy Holding recorded a revenue of AED109.7 million ( 30 million) in the first quarter of 2026 representing a growth of 64 per cent compared to the revenue of the same period last year according to consolidated accounts and an increase of 325 per cent compared to the revenue of Gulf Navigation Company which stood at AED25.8 million during the first quarter of 2025. The company which is listed on the Dubai Financial Market under the symbol GULFNAV explained that these results represent the first full quarterly results after changing the group s corporate identity from Gulf Navigation Holding to Etihad Energy Holding and completing the acquisition of Brooge Energy on November 27 2025. According to the results the company s gross profit reached AED62.5 million during the first quarter of 2026 with a gross profit margin reaching 57 per cent compared to AED4.6 million and a gross ...
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Etihad Energy Holding recorded a revenue of AED109.7 million ($30 million) in the first quarter of 2026, representing a growth of 64 per cent compared to the revenue of the same period last year according to consolidated accounts, and an increase of 325 per cent compared to the revenue of Gulf Navigation Company which stood at AED25.8 million during the first quarter of 2025.
The company, which is listed on the Dubai Financial Market
under the symbol GULFNAV, explained that these results represent the first full
quarterly results after changing the group’s corporate identity from “Gulf
Navigation Holding” to “Etihad Energy Holding” and completing the acquisition
of Brooge Energy on November 27, 2025.
According to the results, the company’s gross profit reached AED62.5 million during the first quarter of 2026, with a gross profit margin reaching 57 per cent, compared to AED4.6 million and a gross ...
Oman Petroleum & Energy Show 2026 and Oman Sustainability Week 2026 concluded a high-impact three-day run at the Oman Convention and Exhibition Centre reinforcing Oman s growing role as a regional hub for energy transition sustainability and industrial innovation. Held under the patronage of the Ministry of Energy and Minerals and hosted by Petroleum Development Oman the co-located events brought together government officials global energy leaders investors policymakers and technology providers to accelerate discussions aligned with Oman Vision 2040 and the Sultanate s Net Zero 2050 ambitions. Across the exhibition floor companies showcased technologies spanning upstream oil and gas digital oilfields carbon capture utilisation and storage (CCUS) renewable energy green hydrogen circular economy solutions and smart mobility. Major exhibitors including ASYAD Group Pe...
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Oman Petroleum & Energy Show 2026 and Oman Sustainability Week 2026 concluded a high-impact three-day run at the Oman Convention and Exhibition Centre, reinforcing Oman’s growing role as a regional hub for energy transition, sustainability, and industrial innovation.
Held under the patronage of the Ministry of Energy and Minerals and hosted by Petroleum Development Oman, the co-located events brought together government officials, global energy leaders, investors, policymakers, and technology providers to accelerate discussions aligned with Oman Vision 2040 and the Sultanate’s Net Zero 2050 ambitions.
Across the exhibition floor, companies showcased technologies spanning upstream oil and gas, digital oilfields, carbon capture, utilisation and storage (CCUS), renewable energy, green hydrogen, circular economy solutions, and smart mobility.
Major exhibitors including ASYAD Group, Pe...
Sustainability Forum Middle East (SFME) in partnership with Tabreed Bahrain and Boston Consulting Group (BCG) will convene a high-level roundtable on June 3 2026 at the Wyndham Grand Manama Hotel Kingdom of Bahrain focused on Accelerating Energy Efficiency Delivery under Bahrain s National Energy Strategy. Part of SFME s Decarbonisation Roundtable Series the session will bring together senior representatives from multilateral organisations government entities utilities developers and financial institutions to examine how Bahrain can accelerate the implementation of energy efficiency objectives as part of its broader energy transition agenda. As Bahrain advances the implementation of its National Energy Strategy and progresses toward its Net Zero 2060 commitments optimising electricity demand and improving energy efficiency have become increasingly important to strengthening energy ...
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Sustainability Forum Middle East (SFME), in partnership with Tabreed Bahrain and Boston Consulting Group (BCG), will convene a high-level roundtable on June 3, 2026, at the Wyndham Grand Manama Hotel, Kingdom of Bahrain, focused on “Accelerating Energy Efficiency Delivery under Bahrain’s National Energy Strategy.”
Part of SFME’s
Decarbonisation Roundtable Series, the session will bring together senior
representatives from multilateral organisations, government entities,
utilities, developers, and financial institutions to examine how Bahrain can
accelerate the implementation of energy efficiency objectives as part of its
broader energy transition agenda.
As Bahrain advances the implementation of its National Energy Strategy and progresses toward its Net Zero 2060 commitments, optimising electricity demand and improving energy efficiency have become increasingly important to strengthening energy ...
Abraj Energy Services signed new strategic agreements and partnerships that support operational sustainability the development of In-Country Value (ICV) and the enhancement of energy sector development goals in Oman. This took place during its participation in Oman Petroleum & Energy Show 2026 currently being held at Oman Convention and Exhibition Centre reported Oman News Agency. The company signed a five-year cementing services contract with OQ Exploration and Production (OQ EP). The implementation of the contract is expected to commence during the first half of 2026 utilising the company s cementing services units operating in Fields 60 and 48. This enhances the capabilities of Abraj Energy Services in providing integrated and reliable well services to the energy sector in Oman. The company also signed a strategic services agre...
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Abraj Energy Services signed new strategic agreements and partnerships that support operational sustainability, the development of In-Country Value (ICV), and the enhancement of energy sector development goals in Oman.
This took place during its participation in Oman Petroleum & Energy Show 2026, currently being held at Oman Convention and Exhibition Centre, reported Oman News Agency.
The company signed a five-year cementing services contract with OQ Exploration and Production (OQ EP).
The implementation of the contract is expected to commence during the first half of 2026, utilising the company's cementing services units operating in Fields 60 and 48.
This enhances the capabilities of Abraj Energy Services in providing integrated and reliable well services to the energy sector in Oman.
The company also signed a strategic services agre...
Leading intelligent flow equipment manufacturer Armstrong Fluid Technology has appointed Erwan Elias as a regional sales manager for the UAE. An industry veteran he brings 15 years experience in HVAC pump manufacturing and the water industry. In his new role Elias will oversee sales operations manage customer relationships and be responsible for driving revenue growth. He will be key to carrying out Armstrong s sales strategies and achieving targets for its broad range of products including HVAC systems fire pumps and district cooling solutions. Elias previously worked at another pump manufacturer for nine years giving him an in-depth knowledge of the sector and its opportunities. Having been based in Dubai for almost 10 years he has developed a large network of strong relationships with customers and partners and has extensive experience working across many Middle Eastern markets including the UAE Qatar Kuwait Oman Jord...
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Leading intelligent flow equipment manufacturer, Armstrong Fluid Technology, has appointed Erwan Elias as a regional sales manager for the UAE. An industry veteran, he brings 15 years’ experience in HVAC, pump manufacturing and the water industry.
In his new role, Elias will oversee sales operations, manage customer relationships and be responsible for driving revenue growth. He will be key to carrying out Armstrong’s sales strategies and achieving targets for its broad range of products including HVAC systems, fire pumps and district cooling solutions.
Elias previously worked at another pump manufacturer for nine years, giving him an in-depth knowledge of the sector and its opportunities.
Having been based in Dubai for almost 10 years, he has developed a large network of strong relationships with customers and partners and has extensive experience working across many Middle Eastern markets, including the UAE, Qatar, Kuwait, Oman, Jord...
Canadian Prime Minister Mark Carney announced a new clean electricity strategy aimed at doubling the country s power grid capacity by 2050 and lowering energy costs for households. Speaking in Ottawa Carney said the plan responds to challenges including US tariffs rising energy prices and climate change noting that changing global conditions require new policy approaches. The strategy calls for greater use of hydroelectric nuclear wind and solar power alongside natural gas carbon capture and geothermal energy. Implementation costs for the energy infrastructure projects are expected to exceed one trillion Canadian dollars equivalent to around 730 billion. Carney said the scale and urgency of the programme would require a more flexible approach beyond traditional frameworks. /...
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Canadian Prime Minister Mark Carney announced a new clean electricity strategy aimed at doubling the country’s power grid capacity by 2050 and lowering energy costs for households.
Speaking in Ottawa, Carney said the plan responds to
challenges including US tariffs, rising energy prices and climate change,
noting that changing global conditions require new policy approaches.
The strategy calls for greater use of hydroelectric,
nuclear, wind and solar power, alongside natural gas, carbon capture and
geothermal energy.
Implementation costs for the energy infrastructure projects
are expected to exceed one trillion Canadian dollars, equivalent to around $730
billion.
Carney said the scale and urgency of the programme would
require a more flexible approach beyond traditional frameworks.
The Abu Dhabi Department of Energy (DoE) has signed a number of strategic agreements during the Abu Dhabi Infrastructure Summit (ADIS 2026) aimed at strengthening the integration of the emirate s infrastructure. Agreements also covered enhancing the efficiency of regulatory and digital frameworks linked to essential services and strategic projects supporting Abu Dhabi s readiness for future urban and economic growth said a WAM news agency report. As part of the summit a memorandum of understanding (MoU) was signed to launch a unified governance framework for infrastructure projects in collaboration with the Abu Dhabi Projects and Infrastructure Centre (ADPIC) with the participation of the Department of Energy and 14 government entities across sectors. The initiative aims to strengthen institutional coordination and accelerate the approval of capital projects in the emirate. The new governance framework will unify coordination mechanisms among relevant entities...
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The Abu Dhabi Department of Energy (DoE) has signed a number of strategic agreements during the Abu Dhabi Infrastructure Summit (ADIS 2026), aimed at strengthening the integration of the emirate’s infrastructure.
Agreements also covered enhancing the efficiency of regulatory and digital frameworks linked to essential services and strategic projects, supporting Abu Dhabi’s readiness for future urban and economic growth, said a WAM news agency report.
As part of the summit, a memorandum of understanding (MoU) was signed to launch a unified governance framework for infrastructure projects in collaboration with the Abu Dhabi Projects and Infrastructure Centre (ADPIC), with the participation of the Department of Energy and 14 government entities across sectors. The initiative aims to strengthen institutional coordination and accelerate the approval of capital projects in the emirate.
The new governance framework will unify coordination mechanisms among relevant entities...
India and the UAE today (May 15) signed seven strategic agreements spanning across vital areas such as energy defence infrastructure shipping and advanced technology during Prime Minister Narendra Modi s brief visit to UAE the first stop of his five nation tour. The two countries also signed pacts on strategic petroleum reserves and supply of liquefied petroleum gas during a visit by Prime Minister Narendra Modi to the UAE reported Reuters. The two sides have agreed on deepening defence industrial collaboration and cooperation on innovation and advanced technology training exercises maritime security cyber defence secure communications and information exchange stated the report citing the ministry. Following the UAE leg of the visit Modi will travel to the Netherlands Sweden Norway and Italy. This will be his first visit to Europe after finalising the trade deal with the European Union (EU). It will also be his first bilateral visit t...
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India and the UAE today (May 15) signed seven strategic agreements spanning across vital areas such as energy, defence, infrastructure, shipping and advanced technology during Prime Minister Narendra Modi’s brief visit to UAE, the first stop of his five‑nation tour.
The two countries also signed pacts on strategic petroleum reserves and supply of liquefied petroleum gas during a visit by Prime Minister Narendra Modi to the UAE, reported Reuters.
"The two sides have agreed on deepening defence industrial collaboration and cooperation on innovation and advanced technology, training, exercises, maritime security, cyber defence, secure communications and information exchange," stated the report citing the ministry.
Following the UAE leg of the visit, Modi will travel to the Netherlands, Sweden, Norway and Italy. This will be his first visit to Europe after finalising the trade deal with the European Union (EU). It will also be his first bilateral visit t...
Envision Energy has partnered with Menderes Tekstil an Akca Holding company to develop the 120MW Beğendik Wind Power Project in Edirne Province Türkiye strengthening cooperation in renewable energy development and industrial decarbonisation. The collaboration was formalised alongside the Turkish Wind Energy Congress during Envision Tech Day where the two companies also signed a Strategic Cooperation Agreement. The move expands their relationship from a single-project partnership into a long-term strategic alliance focused on accelerating clean energy deployment in Türkiye. The Beğendik project is one of Envision Energy s wind developments in the country and is seen as part of its broader commitment to supporting Türkiye s net-zero ambitions. The facility will feature 15 units of Envision s EN-182/8.0MW wind turbines and is...
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Envision Energy has partnered with Menderes Tekstil, an Akca Holding company, to develop the 120MW Beğendik Wind Power Project in Edirne Province, Türkiye, strengthening cooperation in renewable energy development and industrial decarbonisation.
The collaboration was formalised alongside the Turkish Wind
Energy Congress during Envision Tech Day, where the two companies also signed a
Strategic Cooperation Agreement.
The move expands their relationship from a single-project
partnership into a long-term strategic alliance focused on accelerating clean
energy deployment in Türkiye.
The Beğendik project is one of Envision Energy’s wind developments in the country and is seen as part of its broader commitment
to supporting Türkiye’s net-zero ambitions.
The facility will feature 15 units of Envision’s EN-182/8.0MW wind turbines and is...
Ludoil Capital a wholly-owned subsidiary of Ludoil Energy has signed a Sale and Purchase Agreement with GOI Energy to acquire its equity stake in ISAB owner of the Priolo Gargallo refinery and related industrial logistics and energy infrastructure in Sicily. The transaction will take place in two phases beginning with the acquisition of a 51 per cent stake. Completion is subject to approval under Italy s Golden Power framework for assets of national strategic importance as well as antitrust and other regulatory clearances. The Priolo Gargallo facility located in south-eastern Sicily across the municipalities of Priolo Gargallo Augusta and Melilli in the Province of Syracuse is one of Italy s largest refining complexes. It has an authorised capacity of 20 million tonnes per year and a balanced operational capacity of ...
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Ludoil Capital, a wholly-owned subsidiary of Ludoil Energy, has signed a Sale and Purchase Agreement with GOI Energy to acquire its equity stake in ISAB, owner of the Priolo Gargallo refinery and related industrial, logistics and energy infrastructure in Sicily.
The transaction will take place in two phases, beginning
with the acquisition of a 51 per cent stake.
Completion is subject to approval under Italy’s “Golden
Power” framework for assets of national strategic importance, as well as
antitrust and other regulatory clearances.
The Priolo Gargallo facility, located in south-eastern
Sicily across the municipalities of Priolo Gargallo, Augusta and Melilli in the
Province of Syracuse, is one of Italy’s largest refining complexes.
It has an authorised capacity of 20 million tonnes per year and a balanced operational capacity of ...
Africa s energy transition must be guided by realism technological innovation and sustained investment rather than abrupt shifts away from fossil fuels according to energy expert Profv Bart Nnaji Chief Executive Officer Geometric Power and former Nigerian Minister of Power. In a recent commentary the former Nigerian Minister of Power argued that the continent s development trajectory makes a rapid exit from fossil fuels impractical. He noted that Africa s population is projected to rise to nearly 2.5 billion in the coming decades driving rapid urbanisation industrial expansion and increased digital connectivity all of which will significantly raise energy demand. He cautioned that expecting African economies to abandon fossil fuels overnight is neither realistic nor equitable stressing that natural gas will remain a critical transition fuel for ...
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Africa’s energy transition must be guided by realism, technological innovation, and sustained investment rather than abrupt shifts away from fossil fuels, according to energy expert Profv Bart Nnaji Chief Executive Officer, Geometric Power and former Nigerian Minister of Power.
In a recent commentary, the former Nigerian Minister of
Power argued that the continent’s development trajectory makes a rapid exit
from fossil fuels impractical.
He noted that Africa’s population is projected to rise to
nearly 2.5 billion in the coming decades, driving rapid urbanisation,
industrial expansion, and increased digital connectivity—all of which will
significantly raise energy demand.
He cautioned that expecting African economies to abandon fossil fuels overnight is neither realistic nor equitable, stressing that natural gas will remain a critical “transition fuel” for ...
Action Energy Company a Kuwait-based upstream services provider reported a sharp increase in first-quarter earnings for 2026 with revenue for the three months ended March 31 2026 rising 69.2 per cent year-on-year as the company expanded its operating rig fleet from 13 rigs in the first quarter of 2025 to 20 rigs in the same period this year. The growth was supported by the full-quarter contribution of 10 new rigs deployed during 2025. EBITDA climbed 53.6 per cent year-on-year to KWD 4.6 million ( 15 million) while the EBITDA margin stood at 50.2 per cent. The company attributed the margin performance to a shift in revenue mix noting that underlying margins on operating rigs remained stable across both periods. Net profit surged 150 per cent compared with the prior-year quarter supported by higher earnings from the enlarged fleet and lower finance costs f...
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Action Energy Company, a Kuwait-based upstream services provider, reported a sharp increase in first-quarter earnings for 2026, with revenue for the three months ended March 31, 2026 rising 69.2 per cent year-on-year as the company expanded its operating rig fleet from 13 rigs in the first quarter of 2025 to 20 rigs in the same period this year.
The growth was supported by the full-quarter contribution of 10 new rigs deployed during 2025.
EBITDA climbed 53.6 per cent year-on-year to KWD 4.6 million ($15 million), while the EBITDA margin stood at 50.2 per cent.
The company attributed the margin performance to a shift in revenue mix, noting that underlying margins on operating rigs remained stable across both periods.
Net profit surged 150 per cent compared with the prior-year quarter, supported by higher earnings from the enlarged fleet and lower finance costs f...
Corvus Energy and BYD Energy Storage have signed a Strategic Cooperation Agreement to expand their partnership on next-generation maritime battery technologies. The agreement follows a Memorandum of Understanding signed in December 2025 and formalises plans to jointly develop marine battery systems for global markets. Combining Corvus Energy s expertise in marine system integration with BYD s battery cell technology the companies aim to create cost-effective safe and reliable lithium iron phosphate battery solutions for demanding marine environments. The partnership will also focus on research certification resource sharing and large-scale deployment of marine battery systems worldwide. Fredrik Witte CEO of Corvus Energy said: This agreement accelerates our ability to deliver highly competitive LFP solutions at scale. By pairing Corvus deep maritime knowledge with BYD Energy Storage s world...
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Corvus Energy and BYD Energy Storage have signed a Strategic Cooperation Agreement to expand their partnership on next-generation maritime battery technologies.
The agreement follows a Memorandum of Understanding signed in December 2025 and formalises plans to jointly develop marine battery systems for global markets.
Combining Corvus Energy’s expertise in marine system integration with BYD’s battery cell technology, the companies aim to create cost-effective, safe and reliable lithium iron phosphate battery solutions for demanding marine environments.
The partnership will also focus on research, certification, resource sharing and large-scale deployment of marine battery systems worldwide.
Fredrik Witte, CEO of Corvus Energy, said: “This agreement accelerates our ability to deliver highly competitive LFP solutions at scale. By pairing Corvus’ deep maritime knowledge with BYD Energy Storage’s world...
Total energy production in the US increased to a new record of 107 quadrillion British thermal units (quads) in 2025 a 3.4 per cent increase from the previous record set in 2024 according to new data in the US Energy Information Administration (EIA) Monthly Energy Review. Total production was driven by record-high production in natural gas crude oil natural gas plant liquids (NGPLs) and renewables. This was the fourth consecutive year in which the US set a record for total energy production. Dry natural gas production grew more than 4 per cent from 2024 to a record-high 39 trillion cubic feet in 2025 with most of the growth occurring in the Appalachia Permian and Haynesville regions. Natural gas has been the largest source of US domestic energy production since 2011 and the US has been the largest na...
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Total energy production in the US increased to a new record of 107 quadrillion British thermal units (quads) in 2025, a 3.4 per cent increase from the previous record set in 2024, according to new data in the US Energy Information Administration (EIA) Monthly Energy Review.
Total production was driven by record-high production in
natural gas, crude oil, natural gas plant liquids (NGPLs), and renewables.
This was the fourth consecutive year in which the US
set a record for total energy production.
Dry natural gas production grew more than 4 per
cent from 2024 to a record-high 39 trillion cubic feet in 2025, with most of
the growth occurring in the Appalachia, Permian, and Haynesville regions.
Natural gas has been the largest source of US domestic energy production since 2011, and the US has been the largest na...
Ketjen a provider of advanced catalyst solutions and technical expertise for the refining industry announced a partnership with Imubit an industrial AI software company to give refiners real-time actionable catalyst intelligence for fluid catalytic cracking (FCC) and hydroprocessing (HPC) units. The partnership combines Ketjen s catalyst expertise including proprietary models laboratory data and technical analysis with Imubit s closed-loop real-time digital platform. Through Ketjen s iKet Connect portal part of the company s expanded digital services portfolio the companies will provide refinery teams with process and catalyst data along with near-real-time expert-driven insights and analytics. The collaboration is intended to help refiners make informed decisions based on guidance tailored to current operating conditions. p class= M...
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Ketjen, a provider of advanced catalyst solutions and technical expertise for the refining industry, announced a partnership with Imubit, an industrial AI software company, to give refiners real-time, actionable catalyst intelligence for fluid catalytic cracking (FCC) and hydroprocessing (HPC) units.
The partnership combines Ketjen’s catalyst expertise including proprietary
models, laboratory data and technical analysis with Imubit’s closed-loop,
real-time digital platform.
Through Ketjen’s iKet Connect portal, part of the company’s
expanded digital services portfolio, the companies will provide refinery teams
with process and catalyst data, along with near-real-time, expert-driven
insights and analytics.
The collaboration is intended to help refiners make informed
decisions based on guidance tailored to current operating conditions.
Clean hydrogen will grow 100-fold from today s levels according to DNV s Energy Transition Outlook Hydrogen to 2060 report. Overall hydrogen volumes will grow by 170 per cent and will see cumulative investments of 3.2 trillion to 2060. China is set to lead that expansion accounting for 35 per cent of new hydrogen production and use over the forecast period. Clean hydrogen uptake is expected to be strongest in emerging demand sectors by 2060 led by steelmaking (18 per cent of total clean hydrogen use) aviation (18 per cent) and maritime (15 per cent). The established demand sectors fertiliser and methanol are also decarbonising large parts of their supply chains and are each expected to account for around 13 per cent of clean hydrogen use. The hydrogen industry has faced several challe...
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Clean hydrogen will grow 100-fold from today’s levels, according to DNV’s Energy Transition Outlook Hydrogen to 2060 report.
Overall hydrogen
volumes will grow by 170 per cent and will see cumulative investments of $3.2 trillion
to 2060.
China is set to lead
that expansion, accounting for 35 per cent of new hydrogen production and use
over the forecast period.
Clean hydrogen uptake
is expected to be strongest in emerging demand sectors by 2060, led by
steelmaking (18 per cent of total clean hydrogen use), aviation (18 per cent)
and maritime (15 per cent).
The established demand sectors, fertiliser and
methanol, are also decarbonising large parts of their supply chains and are
each expected to account for around 13 per cent of clean hydrogen use.
The hydrogen industry has faced several challe...
The rapid expansion of artificial intelligence is driving a structural surge in global electricity demand with data centres emerging as one of the fastest-growing sources of power consumption. Facilities that previously required tens of megawatts are now scaling to 100 200 MW while hyperscale campuses are increasingly consolidating demand at the gigawatt level fundamentally reshaping global energy planning. In Africa this shift highlights a growing mismatch between emerging demand and existing infrastructure strategies. While the continent holds significant energy resources its planning frameworks remain largely based on incremental megawatt-scale capacity additions. However AI-driven infrastructure requires far larger more concentrated and reliable power systems. Africa s current data centre capacity stands at an estimated 300 400 MW with projections indicating growth to 1.5 2.2 GW by 2...
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The rapid expansion of artificial intelligence is driving a structural surge in global electricity demand, with data centres emerging as one of the fastest-growing sources of power consumption. Facilities that previously required tens of megawatts are now scaling to 100–200 MW, while hyperscale campuses are increasingly consolidating demand at the gigawatt level, fundamentally reshaping global energy planning.
In Africa, this shift highlights a growing mismatch between
emerging demand and existing infrastructure strategies. While the continent
holds significant energy resources, its planning frameworks remain largely
based on incremental, megawatt-scale capacity additions. However, AI-driven
infrastructure requires far larger, more concentrated and reliable power
systems.
Africa’s current data centre capacity stands at an estimated 300–400 MW, with projections indicating growth to 1.5–2.2 GW by 2...
Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20 2026 at the Oman Convention and Exhibition Centre in Muscat under the patronage of the Ministry of Energy and Minerals. Hosted by Petroleum Development Oman and organised by CONNECT the events reflect the Sultanate s accelerating progress toward an integrated energy transition one that combines sustainability priorities with the continued advancement of the traditional energy sector. Bringing together the full spectrum of the energy ecosystem under one roof the events serve as a unified platform for major oil and gas companies clean energy innovators technology providers and decision-makers to shape the next phase of the energy transition. p class= MsoNormal style= margin-top:12.0pt...
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Oman Sustainability Week (OSW) and the Oman Petroleum and Energy Show (OPES) will take place from May 18 to 20, 2026 at the Oman Convention and Exhibition Centre in Muscat, under the patronage of the Ministry of Energy and Minerals.
Hosted by Petroleum Development
Oman and organised by CONNECT, the events reflect the Sultanate’s accelerating
progress toward an integrated energy transition, one that combines
sustainability priorities with the continued advancement of the traditional energy
sector.
Bringing together the full
spectrum of the energy ecosystem under one roof, the events serve as a unified
platform for major oil and gas companies, clean energy innovators, technology
providers, and decision-makers to shape the next phase of the energy transition.
Indonesia called on Southeast Asian countries to develop clean energy from renewable sources in order to strengthen each regional energy resilience. Indonesian President Prabowo Subianto in a statement quoted by Indonesian News Agency (ANTARA) said the sub-region has enormous renewable energy resources ranging from hydropower solar and wind energy to fertile land that has not yet been utilised optimally. The question is whether we are ready to act on that potential; not only to meet our sub-regional needs but also to contribute to ASEAN s energy transition the President said in his speech at the Special Summit of the Brunei Darussalam Indonesia Malaysia Philippines East ASEAN Growth Area (BIMP-EAGA) in Cebu Philippines on Friday. Prabowo urged ASEAN member countries to take concrete steps in expanding clean energy projects across Southeast Asia highli...
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Indonesia called on Southeast Asian countries to develop clean energy from renewable sources in order to strengthen each regional energy resilience.
Indonesian President Prabowo Subianto, in a statement quoted
by Indonesian News Agency (ANTARA), said the sub-region has enormous renewable
energy resources, ranging from hydropower, solar, and wind energy, to fertile
land that has not yet been utilised optimally.
"The question is whether we are ready to act on that
potential; not only to meet our sub-regional needs, but also to contribute to
ASEAN’s energy transition," the President said in his speech at the
Special Summit of the Brunei Darussalam–Indonesia–Malaysia–Philippines East
ASEAN Growth Area (BIMP-EAGA) in Cebu, Philippines on Friday.
Prabowo urged ASEAN member countries to take concrete steps in expanding clean energy projects across Southeast Asia, highli...
du a leading telecom and digital services provider today announced a partnership with Al Gharbia Pipe Company (AGPC) an Abu Dhabi-based producer of longitudinally submerged arc welded (LSAW) steel pipes to deploy cutting-edge Industrial AI Vision technology across manufacturing operations in the UAE. The collaboration was showcased at Make it in the Emirates 2026 where du Tech is a strategic partner of the Intelligence Hub a premium invitation-only technology showcase positioned along the event s VIP route. The partnership centres on the co-developed Industrial AI Vision Platform an advanced solution designed to enable more intelligent and automated manufacturing operations. The platform enables AI-based quality inspection enhanced traceability and optimised decision-making across manufacturing operations. Key capabilities include real-time dashboards visual analytics AI-driven insights and operational monitoring across fleet logistics and infrastruc...
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du, a leading telecom and digital services provider, today announced a partnership with Al Gharbia Pipe Company (AGPC), an Abu Dhabi-based producer of longitudinally submerged arc welded (LSAW) steel pipes, to deploy cutting-edge Industrial AI Vision technology across manufacturing operations in the UAE.
The collaboration was showcased at Make it in the Emirates 2026, where du Tech is a strategic partner of the Intelligence Hub, a premium, invitation-only technology showcase positioned along the event's VIP route.
The partnership centres on the co-developed Industrial AI Vision Platform, an advanced solution designed to enable more intelligent and automated manufacturing operations. The platform enables AI-based quality inspection, enhanced traceability, and optimised decision-making across manufacturing operations. Key capabilities include real-time dashboards, visual analytics, AI-driven insights, and operational monitoring across fleet, logistics, and infrastruc...
Royal Vopak has reached an agreement in principle with Green Energy Storage (GES) for the acquisition of a majority stake in GES. The transaction marks a strategic step to accelerate the development of large-scale battery energy storage systems (BESS) in the Netherlands combining Vopak s infrastructure expertise with GES s leading position in battery storage development. GES is a Dutch BESS developer based in Breda and has built a strong position in the Dutch energy market through the development of large-scale storage projects. The company manages the full project lifecycle from site identification and permitting construction and operational management and plays an active role in addressing grid congestion and enabling flexibility in the energy system. As part of the proposed transaction Vopak will acquire a majority equity stake in GES and support the furt...
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Royal Vopak has reached an agreement in principle with Green Energy Storage
(GES) for the acquisition of a majority stake in GES.
The transaction marks a strategic step to accelerate the
development of large-scale battery energy storage systems (BESS) in the
Netherlands, combining Vopak’s infrastructure expertise with GES’s leading
position in battery storage development.
GES is a Dutch BESS developer based in Breda and has built a strong position in
the Dutch energy market through the development of large-scale storage
projects.
The company manages the full project lifecycle, from site
identification and permitting, construction and operational management, and
plays an active role in addressing grid congestion and enabling flexibility in
the energy system.
As part of the proposed transaction, Vopak will acquire a majority equity stake
in GES and support the furt...
TotalEnergies in collaboration with Dell Technologies and NVIDIA announces the signing of a contract for the design and installation of Pangea 5 its next high-performance supercomputer. Hosted at the Jean Féger Scientific and Technical Center (CSTJF) in Pau in the South of France Pangea 5 will multiply the company s computing power by six. It represents an investment of over 100 million ( 117 million). A significant increase in computing power to support TotalEnergies projects With this increase in processing speed Pangea 5 will: expand the deployment of advanced seismic engineering to enhance the accuracy of subsurface imaging and accelerate exploration to support the company s strategy for low-cost and low-emission hydrocarbon production; l...
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TotalEnergies, in collaboration with Dell Technologies and
NVIDIA, announces the signing of a contract for the design and installation of
Pangea 5, its next high-performance supercomputer. Hosted at the Jean Féger Scientific and
Technical Center (CSTJF) in Pau, in the South of France, Pangea 5 will multiply the company’s computing power by six. It represents an investment of
over €100 million ($117 million).
A significant increase in computing power to support
TotalEnergies’ projects
With this increase in processing speed, Pangea 5 will:
Inflation across the OECD as measured by the Consumer Price Index (CPI) increased to 4 per cent in March 2026 from 3.4 per cent in February. The rise was primarily driven by a sharp increase in energy inflation. Headline inflation rose in most OECD countries while remaining stable in a small number and declining in Slovenia and Türkiye. Energy inflation reached 8.1 per cent its highest level since February 2023 increasing in the majority of member countries including several recording double-digit rates. Only a few countries saw declines or stability in energy prices. Food inflation declined across much of the OECD while core inflation excluding food and energy remained broadly stable. In the G7 headline inflation rose to 2.8 per cent in March from 2....
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Inflation across the OECD, as measured by the Consumer Price Index (CPI), increased to 4 per cent in March 2026 from 3.4 per cent in February.
The rise was
primarily driven by a sharp increase in energy inflation.
Headline inflation rose in most OECD countries, while
remaining stable in a small number and declining in Slovenia and Türkiye.
Energy inflation reached 8.1 per cent, its highest level
since February 2023, increasing in the majority of member countries, including
several recording double-digit rates.
Only a few countries saw declines or stability in energy
prices.
Food inflation declined across much of the OECD, while core
inflation—excluding food and energy—remained broadly stable.
In the G7, headline inflation rose to 2.8 per cent in March from 2....
Saudi Energy Company announced its financial results for the first quarter ended March 31 2026 reporting a 9.4 per cent increase in operating revenue with improved efficiency driving a net profit increase of 89.3 per cent to SAR1.8 billion ( 480 million). Khalid AlGhamdi CEO of Saudi Energy said: Electricity demand in the Kingdom continues to rise driven by economic diversification population growth and the transition towards a more diversified energy mix. Saudi Energy supports this growth by developing essential electricity grid infrastructure enhancing its resilience improving reliability and raising service standards for subscribers. The company s strong financial and operational performance in the first quarter of 2026 was underpinned by the continued expansion of its regulated asset base improved operational efficiency and increased energy production capacity and operational availability. ...
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Saudi Energy Company announced its financial results for the first quarter ended March 31, 2026, reporting a 9.4 per cent increase in operating revenue with improved efficiency driving a net profit increase of 89.3 per cent to SAR1.8 billion ($480 million).
Khalid AlGhamdi, CEO of Saudi Energy, said: "Electricity demand in the Kingdom
continues to rise, driven by economic diversification, population growth, and
the transition towards a more diversified energy mix. Saudi Energy supports
this growth by developing essential electricity grid infrastructure, enhancing
its resilience, improving reliability, and raising service standards for
subscribers. The company’s strong financial and operational performance in the
first quarter of 2026 was underpinned by the continued expansion of its
regulated asset base, improved operational efficiency, and increased energy
production capacity and operational availability."
...
Sohar Port and Freezone in collaboration with Oman s Ministry of Energy and Minerals launched the Energy Efficiency Guideline for Industrial Buildings at Sohar Port and Freezone under the patronage of Mohsin Al Hadrami Undersecretary of the Ministry of Energy and Minerals. The guideline provides a practical framework to support industrial investors in improving energy use efficiency reducing operational costs and enhancing performance efficiency within the industrial and logistics ecosystem of Sohar Port and Freezone. Serving as a technical reference the guideline offers a precise and structured methodology enabling investors and operators to assess performance identify sources of waste and implement facility-specific improvement measures reported Oman News Agency. It also includes a set of key performance indicators (KPIs) related to building efficien...
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Sohar Port and Freezone, in collaboration with Oman’s Ministry of Energy and Minerals, launched the Energy Efficiency Guideline for Industrial Buildings at Sohar Port and Freezone under the patronage of Mohsin Al Hadrami, Undersecretary of the Ministry of Energy and Minerals.
The guideline provides
a practical framework to support industrial investors in improving energy use
efficiency, reducing operational costs, and enhancing performance efficiency
within the industrial and logistics ecosystem of Sohar Port and Freezone.
Serving as a technical
reference, the guideline offers a precise and structured methodology enabling
investors and operators to assess performance, identify sources of waste, and
implement facility-specific improvement measures, reported Oman News Agency.
It also includes a set of key performance indicators (KPIs) related to building efficien...
Emirates Water and Electricity Company (Ewec) has announced that it has entered into a strategic collaboration framework agreement with Abu Dhabi Future Energy Company (Masdar) that will see two work jointly to rapidly scale renewable energy and drive national decarbonisation goals. The agreement establishes a roadmap for the accelerated deployment of utility-scale renewable energy projects to diversify the UAE s energy mix and strengthen security of supply and power local industrial growth said Ewec in its statement. Crucially this framework is designed to maximise In-Country Value and foster Emirati talent and expertise it stated. The agreement was signed by Ahmed Ali Alshamsi Chief Executive Officer of Ewec and Mohamed Jameel Al Ramahi Chief Executive Officer of Masdar. The agreement will streamline Masdar s participation in the engagement process for Ewec s renewable energy projects covering early-stage project development through to financial cl...
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Emirates Water and Electricity Company (Ewec) has announced that it has entered into a strategic collaboration framework agreement with Abu Dhabi Future Energy Company (Masdar) that will see two work jointly to rapidly scale renewable energy and drive national decarbonisation goals.
The agreement establishes a roadmap for the accelerated deployment of utility-scale renewable energy projects, to diversify the UAE’s energy mix and strengthen security of supply, and power local industrial growth, said Ewec in its statement.
Crucially, this framework is designed to maximise In-Country Value and foster Emirati talent and expertise, it stated.
The agreement was signed by Ahmed Ali Alshamsi, Chief Executive Officer of Ewec, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. The agreement will streamline Masdar’s participation in the engagement process for Ewec’s renewable energy projects, covering early-stage project development through to financial cl...
TA ZIZ announced at the Make it in the Emirates forum the signing of long-term agreements spanning offtake feedstock and sales across its chemicals portfolio including methanol polyvinyl chloride (PVC) ethylene dichloride (EDC) vinyl chloride monomer (VCM) caustic soda salt and natural gas valued at 28.5 billion (AED104.6 billion). Ranging from five to 25 years the agreements secure both global offtake and reliable local feedstocks anchoring large-scale chemical production within the UAE and reinforcing TA ZIZ s role in building a fully integrated domestic chemicals ecosystem. The deals include sale agreements with Adnoc and Proman for methanol; Emirates Global Aluminium (EGA) for caustic soda; Mitsubishi Corporation for EDC VCM and caustic soda; Mitsui & Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for PVC EDC and caustic soda; and Vinmar for EDC and PVC. o...
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TA’ZIZ announced at the Make it in the Emirates forum the signing of long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio, including methanol, polyvinyl chloride (PVC), ethylene dichloride (EDC), vinyl chloride monomer (VCM), caustic soda, salt and natural gas valued at $28.5 billion (AED104.6 billion).
Ranging from five to
25 years, the agreements secure both global offtake and reliable local
feedstocks, anchoring large-scale chemical production within the UAE and
reinforcing TA’ZIZ’s role in building a fully integrated domestic chemicals
ecosystem.
The deals include sale
agreements with Adnoc and Proman for methanol; Emirates Global Aluminium (EGA)
for caustic soda; Mitsubishi Corporation for EDC, VCM and caustic soda; Mitsui
& Co. for EDC and caustic soda; Sanmar Group for EDC and VCM; Tricon for
PVC, EDC and caustic soda; and Vinmar for EDC and PVC.
The UAE is entering a new chapter in which it is reshaping its place in the global economy with confidence clarity and ambition said Dr Sultan bin Ahmed Al Jaber Minister of Industry and Advanced Technology. Opening the Make it in the Emirates event on Monday he described the UAE s decision to reposition itself within the global energy landscape including its exit from OPEC and OPEC as a carefully considered strategic decision that is not directed against anyone any country or institution and is aligned with the country s long-term national interests and economic ambitions. The decision serves our national interests and long-term strategic objectives aligns with our industrial economic and developmental ambitions and gives us greater ability to accelerate investment expand and create value Dr Al Jaber said. Real strength is not measured by the abundance of resources but by how they are harnessed to create value and serve the nation. ...
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The UAE is entering “a new chapter” in which it is reshaping its place in the global economy with “confidence, clarity, and ambition”, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology.
Opening the Make it in the Emirates event on Monday, he described the UAE’s decision to reposition itself within the global energy landscape, including its exit from OPEC and OPEC+, as “a carefully considered strategic decision” that “is not directed against anyone, any country, or institution” and is aligned with the country’s long-term national interests and economic ambitions.
“[The decision] serves our national interests and long-term strategic objectives, aligns with our industrial, economic, and developmental ambitions, and gives us greater ability to accelerate investment, expand, and create value,” Dr Al Jaber said.
“Real strength is not measured by the abundance of resources, but by how they are harnessed to create value and serve the nation.”<...
Petroleum Development Oman (PDO) has signed a strategic contract with Abraj Energy Services for the provision of hydraulic fracturing services reinforcing its commitment to maximising hydrocarbon recovery enhancing operational performance and strengthening local content. Hydraulic fracturing remains a critical enabler of PDO s upstream operations directly supporting production optimisation and unlocking complex previously inaccessible reserves reported Oman News Agency. Through this contract Abraj Energy Services will deploy advanced fracturing technologies including optimised proppant and gelling systems to deliver efficient high-performance solutions aligned with PDO s production objectives. Dr Aflah Al Hadhrami PDO Managing Director stated: This partnership with Abraj Energy Services brings us closer to maximising value from our assets while stre...
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Petroleum Development Oman (PDO) has signed a strategic contract with Abraj Energy Services for the provision of hydraulic fracturing services, reinforcing its commitment to maximising hydrocarbon recovery, enhancing operational performance and strengthening local content.
Hydraulic fracturing
remains a critical enabler of PDO’s upstream operations, directly supporting
production optimisation and unlocking complex, previously inaccessible reserves,
reported Oman News Agency.
Through this contract,
Abraj Energy Services will deploy advanced fracturing technologies, including
optimised proppant and gelling systems, to deliver efficient, high-performance
solutions aligned with PDO’s production objectives.
Dr Aflah Al Hadhrami, PDO Managing Director, stated: “This partnership with Abraj Energy Services brings us closer to maximising value from our assets while stre...
Mubadala investment Company (Mubadala) an Abu Dhabi Sovereign Investor and Tubacex Group announced the full operational launch of their joint venture in Abu Dhabi marking the activation of the first regional manufacturing platform dedicated to advanced Oil Country Tubular Goods (OCTG) solutions including the official activation of TBX Nexxia the new brand representing Tubacex s corrosion-resistant alloy (CRA) OCTG value proposition delivered through an end-to-end industrial platform. The announcement was made during Make it in the Emirates 2026 from Mubadala s stand in Abu Dhabi underscoring the growing importance of localised industrial capabilities in strengthening the UAE s economic resilience and supporting the country s long-term energy ambitions. Operating under the TBX Nexxia identity the Abu Dhabi facility is fully operational and represents the first platform of its k...
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Mubadala investment Company (Mubadala), an Abu Dhabi Sovereign Investor and Tubacex Group announced the full operational launch of their joint venture in Abu Dhabi, marking the activation of the first regional manufacturing platform dedicated to advanced Oil Country Tubular Goods (OCTG) solutions, including the official activation of TBX Nexxia, the new brand representing Tubacex’s corrosion-resistant alloy (CRA) OCTG value proposition, delivered through an end-to-end industrial platform.
The announcement was
made during Make it in the Emirates 2026, from Mubadala’s stand in
Abu Dhabi, underscoring the growing importance of localised industrial
capabilities in strengthening the UAE’s economic resilience and supporting the
country’s long-term energy ambitions.
Operating under the TBX Nexxia identity, the Abu Dhabi facility is fully operational and represents the first platform of its k...
With methane emissions from energy sector near record highs tried-and-tested abatement measures could make 200 billion cubic metres of natural gas available annually new International Energy Agency (IEA) analysis shows Methane emissions from fossil fuels remained at very high levels in 2025 with no sign they are declining globally according to the IEA s latest tracking update although some countries are making progress and the ongoing crisis in the Middle East is now highlighting the energy security benefits of abatement measures. The Global Methane Tracker 2026 presents the IEA s latest estimates for methane emissions from the energy sector based on the most recent data from satellites and measurement campaigns. It also explores different abatement options along w...
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With methane emissions from energy sector near record highs, tried-and-tested abatement measures could make 200 billion cubic metres of natural gas available annually, new International Energy Agency (IEA) analysis shows
Methane emissions from
fossil fuels remained at very high levels in 2025, with no sign they are
declining globally, according to the IEA’s latest tracking update – although
some countries are making progress, and the ongoing crisis in the Middle East
is now highlighting the energy security benefits of abatement measures.
The Global
Methane Tracker 2026 presents the
IEA’s latest estimates for methane emissions from the energy sector, based on
the most recent data from satellites and measurement campaigns.
It also explores different abatement options, along w...
The number of lithium-ion and similar batteries reaching end-of-life is expected to rise sharply from the mid-2030s onwards making managing battery waste safely and efficiently a key challenge. Companies universities and public research centres are responding by accelerating innovation to recycle critical raw materials and reduce reliance on primary mining while mitigating the environmental impact. According to a new study published by the European Patent Office (EPO) and the International Energy Agency (IEA) international patent families (IPFs) related to battery circularity recorded an average annual growth rate of 42 per cent from 2017 to 2023. This figure compares with 16 per cent for rechargeable battery manufacturing overall and 2 per cent for all technical fields during the same...
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The number of lithium-ion and similar batteries reaching end-of-life is expected to rise sharply from the mid-2030s onwards, making managing battery waste safely and efficiently a key challenge.
Companies,
universities and public research centres are responding by accelerating innovation to
recycle critical raw materials and reduce reliance on primary mining, while
mitigating the environmental impact.
According to a new
study published by the European Patent Office (EPO) and the International
Energy Agency (IEA), international patent families (IPFs) related to
battery circularity recorded an average annual growth rate of 42 per cent from
2017 to 2023.
This figure compares with 16 per cent for rechargeable battery manufacturing overall and 2 per cent for all technical fields during the same...
A programme on sustainability and renewable energy began in the Wilayat of Sohar the Governorate of North Al Batinah Oman. The programme is organised by the Youth Centre and SOHAR Port and Freezone. The programme aims to equip over 50 young Omanis aged 25-34 with essential skills for the global energy transition reported Oman News Agency. The target group includes a diverse range of individuals including science and engineering graduates professionals job seekers and entrepreneurs in the clean energy sector. Running for a month the program bridges theoretical knowledge with practical applications through interactive workshops scenario-based learning and real-world case studies. The curriculum aligned with Oman s Vision 2040 covers renewable energy fundamentals; green hydrogen app...
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A programme on sustainability and renewable energy began in the Wilayat of Sohar, the Governorate of North Al Batinah, Oman.
The programme is
organised by the Youth Centre and SOHAR Port and Freezone.
The programme aims to
equip over 50 young Omanis, aged 25-34, with essential skills for the global
energy transition, reported Oman News Agency.
The target group
includes a diverse range of individuals including science and engineering
graduates, professionals, job seekers, and entrepreneurs in the clean energy
sector.
Running for a month,
the program bridges theoretical knowledge with practical applications through
interactive workshops, scenario-based learning, and real-world case studies.
The curriculum, aligned with Oman’s Vision 2040 covers renewable energy fundamentals; green hydrogen app...
NMDC Energy a key provider of engineering procurement and construction (EPC) services for offshore and onshore energy clients today (April 28) announced its financial results for the first quarter of 2026 stating that it maintained operational continuity across all its projects as a result of integrated efforts coordination with all relevant stakeholders and the effective implementation of business continuity frameworks and risk management practices. The Emirati group delivered solid financial performance in the first three months of 2026 with revenues increasing 33% year-on-year to AED5 billion ( 1.36 billion) driven by the continued execution of its robust project backlog. Net profit for Q1 2026 came at AED80 million reflecting the company s prudent approach in light of the current regional environment. The company s backlog stood at AED35.3 billion providing strong visibility on future revenues. UAE operations remained the primary co...
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NMDC Energy, a key provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, today (April 28) announced its financial results for the first quarter of 2026, stating that it maintained operational continuity across all its projects as a result of integrated efforts, coordination with all relevant stakeholders, and the effective implementation of business continuity frameworks and risk management practices.
The Emirati group delivered solid financial performance in the first three months of 2026, with revenues increasing 33% year-on-year to AED5 billion ($1.36 billion), driven by the continued execution of its robust project backlog.
Net profit for Q1 2026 came at AED80 million, reflecting the company’s prudent approach in light of the current regional environment.
The company’s backlog stood at AED35.3 billion, providing strong visibility on future revenues. UAE operations remained the primary co...
The Siemon Company a global leader in high performance network infrastructure solutions for data centers and smart buildings today (April 28) released its 2026 Environmental Social and Governance (ESG) report highlighting accelerated progress on climate targets expanded use of renewable energy and continued focus on transparency and corporate accountability. The global network infrastructure provider said it achieved a 69% absolute reduction in Scope 1 and Scope 2 greenhouse gas emissions from a 2021 baseline surpassing its science-based 2031 target four years ahead of schedule. Scope 3 emissions intensity fell 23.1% while absolute emissions remained broadly flat despite business growth. The company increased renewable energy usage to 90% of its global operations and reported Scope 2 carbon neutrality at major facilities in the United States and China. Water consumpt...
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The Siemon Company, a global leader in high‑performance network infrastructure solutions for data centers and smart buildings, today (April 28) released its 2026 Environmental, Social and Governance (ESG) report, highlighting accelerated progress on climate targets, expanded use of renewable energy and continued focus on transparency and corporate accountability.
The global network infrastructure provider said it achieved a 69% absolute reduction in Scope 1 and Scope 2 greenhouse gas emissions from a 2021 baseline, surpassing its science-based 2031 target four years ahead of schedule. Scope 3 emissions intensity fell 23.1%, while absolute emissions remained broadly flat despite business growth.
The company increased renewable energy usage to 90% of its global operations and reported Scope 2 carbon neutrality at major facilities in the United States and China. Water consumpt...
NMDC Energy has announced its financial results for the first quarter of 2026 stating that it maintained operational continuity across all its projects as a result of integrated efforts coordination with all relevant stakeholders and the effective implementation of business continuity frameworks and risk management practices. NMDC Energy delivered solid financial performance in the first three months of 2026 with revenues increasing 33 per cent year-on-year to AED5 billion ( 1.4 billion) driven by the continued execution of its project backlog. Net profit for Q1 2026 came at AED80 million and the company s backlog stood at AED35.3 billion. UAE operations remained the primary contributor to revenues at 74 per cent while international markets accounted for 26 per cent reflecting a diversified revenue base. The company closed the q...
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NMDC Energy has announced its financial results for the first quarter of 2026, stating that it maintained operational continuity across all its projects as a result of integrated efforts, coordination with all relevant stakeholders, and the effective implementation of business continuity frameworks and risk management practices.
NMDC Energy delivered
solid financial performance in the first three months of 2026, with revenues
increasing 33 per cent year-on-year to AED5 billion ($1.4 billion), driven by
the continued execution of its project backlog.
Net profit for Q1 2026 came at AED80 million and the company’s backlog stood at AED35.3 billion.
UAE operations
remained the primary contributor to revenues at 74 per cent, while
international markets accounted for 26 per cent, reflecting a diversified
revenue base.
The company closed the q...
Johnson Controls a global technology leader energy efficiency decarbonisation thermal management and mission-critical performance has announced the launch of Balanced Cooling a purpose-built solution for buildings connected to centralised cooling systems in the UAE designed to resolve low Delta T and improve cooling performance through a more integrated solution driven approach. Delta T is the difference between the temperature of chilled water entering and leaving a building cooling system. When that temperature difference falls below intended levels the system can t transfer heat as efficiently as it should. This can happen because of over-pumping poor hydronic balance or valve misalignment. As a result more water must be circulated to deliver the same cooling which can increase pumping energy affect system balance and expose building owners to surcharges. Balanced Cooling helps identify and correct this through smart valve retrofits real...
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Johnson Controls, a global technology leader energy efficiency, decarbonisation, thermal management and mission-critical performance, has announced the launch of Balanced Cooling, a purpose-built solution for buildings connected to centralised cooling systems in the UAE, designed to resolve low Delta T and improve cooling performance through a more integrated, solution driven approach.
Delta T is the difference between the temperature of chilled water entering and leaving a building cooling system.
When that temperature difference falls below intended levels, the system can’t transfer heat as efficiently as it should. This can happen because of over-pumping, poor hydronic balance or valve misalignment.
As a result, more water must be circulated to deliver the same cooling, which can increase pumping energy, affect system balance and expose building owners to surcharges. Balanced Cooling helps identify and correct this through smart valve retrofits, real...
Saudi-based Ruwasi Al Bina Investment Company has announced the signing of a framework agreement with Saudi Energy Company for the successful installation removal replacement and maintenance works related to the low- and medium-voltage overhead and underground distribution networks of up to 36kV in the Qassim region. The total (ceiling) value of the agreement is SAR36.3 million ( 9.6 million). Ruwaisi has provided a final bank guarantee amounting to SAR1.8 million representing 5% of the contract value in compliance with the terms and conditions of the agreement. The entire contract work will be completed within three years said Ruwasi in its filing to Saudi bourse Tadawul. The financial impact of this contract is expected to appear in the company s financial statements starting from the second half of 2026 until the end of the contract period in May 2029 it added. -TradeArabia News Service ...
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Saudi-based Ruwasi Al Bina Investment Company has announced the signing of a framework agreement with Saudi Energy Company for the successful installation, removal, replacement, and maintenance works related to the low- and medium-voltage overhead and underground distribution networks of up to 36kV in the Qassim region.
The total (ceiling) value of the agreement is SAR36.3 million ($9.6 million).
Ruwaisi has provided a final bank guarantee amounting to SAR1.8 million, representing 5% of the contract value, in compliance with the terms and conditions of the agreement.
The entire contract work will be completed within three years, said Ruwasi in its filing to Saudi bourse Tadawul.
The financial impact of this contract is expected to appear in the company’s financial statements starting from the second half of 2026 until the end of the contract period in May 2029, it added.-TradeArabia News Service
...SLB has entered into a definitive agreement to acquire the geoscience and petroleum engineering software business portfolio of S&P Global Energy a provider of subsurface software widely used by US onshore and unconventional operators. The proposed acquisition represents a targeted expansion of SLB s digital subsurface and planning portfolio extending its presence in workflow-centric customer segments that are strategically important to long-term digital growth while remaining aligned with SLB s disciplined approach to portfolio development. According to the International Energy Agency s Oil 2025 outlook unconventional resources are expected to supply a growing share of global liquids through 2030 with short cycle assets in the US remaining the largest contributor to non Opec production growth this decade. The concentration of shale development in US l...
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SLB has entered into a definitive agreement to acquire the geoscience and petroleum engineering software business portfolio of S&P Global Energy, a provider of subsurface software widely used by US onshore and unconventional operators.
The proposed
acquisition represents a targeted expansion of SLB’s digital subsurface and
planning portfolio, extending its presence in workflow-centric customer
segments that are strategically important to long-term digital growth, while
remaining aligned with SLB’s disciplined approach to portfolio development.
According to the
International Energy Agency’s Oil 2025 outlook, unconventional resources are
expected to supply a growing share of global liquids through 2030, with short‑cycle
assets in the US remaining the largest contributor to non‑Opec production
growth this decade.
The concentration of shale development in US l...
Abu Dhabi Future Energy Company Masdar is celebrating 20 years as a global leader in renewable energy. Established on April 23 2006 by His Highness Sheikh Mohamed bin Zayed Al Nahyan through Mubadala Investment Company Masdar was created to diversify the UAE s economy and accelerate worldwide adoption of clean energy at a time when renewables were still emerging and unproven at scale. From a single grid-connected solar plant in Masdar City in 2009 the company has grown into one of the world s largest renewable energy developers and operators with more than 65 GW of installed and planned capacity and a target of 100 GW by 2030. Its landmark projects include the 2 GW Al Dhafra solar plant one of the largest single-site solar facilities globally capable of powering around 200 000 homes in the UAE. Masdar has expanded int...
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Abu Dhabi Future Energy Company– Masdar is celebrating 20 years as a global leader in renewable energy.
Established on April
23, 2006, by His Highness Sheikh Mohamed bin Zayed Al Nahyan through Mubadala
Investment Company, Masdar was created to diversify the UAE’s economy and
accelerate worldwide adoption of clean energy at a time when renewables were
still emerging and unproven at scale.
From a single
grid-connected solar plant in Masdar City in 2009, the company has grown into
one of the world’s largest renewable energy developers and operators, with more
than 65 GW of installed and planned capacity and a target of 100 GW by 2030.
Its landmark projects
include the 2 GW Al Dhafra solar plant, one of the largest single-site solar
facilities globally, capable of powering around 200,000 homes in the UAE.
Masdar has expanded int...
Masdar Abu Dhabi energy company and Elektroprivreda Crne Gore (EPCG) Montenegro s national power utility have agreed to form a 50/50 joint venture (JV) to develop large-scale renewable energy projects in Montenegro. Through the JV to be headquartered in Nikšić Masdar and EPCG will deploy and operate clean energy projects across a range of technologies including solar photovoltaic (PV) wind hydropower pumped hydro energy storage stand-alone battery energy storage systems and hybrid solutions in Montenegro. The collaboration is intended to support Montenegro s domestic energy needs while also enabling the export of renewable electricity to the Western Balkans and Southern Europe including leveraging an existing sub-sea interconnection with Italy. The JV will combine EPCG s position as Montenegro s leading energy producer and Masdar s global expertise ...
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Masdar, Abu Dhabi energy company, and Elektroprivreda Crne Gore (EPCG), Montenegro’s national power utility, have agreed to form a 50/50 joint venture (JV) to develop large-scale renewable energy projects in Montenegro.
Through the JV, to be
headquartered in Nikšić, Masdar and EPCG will deploy and operate clean energy
projects across a range of technologies, including solar photovoltaic (PV),
wind, hydropower, pumped hydro energy storage, stand-alone battery energy storage
systems and hybrid solutions in Montenegro.
The collaboration is
intended to support Montenegro’s domestic energy needs while also enabling the
export of renewable electricity to the Western Balkans and Southern Europe,
including leveraging an existing sub-sea interconnection with Italy.
The JV will combine EPCG's position as Montenegro's leading energy producer and Masdar's global expertise ...
Eclipse Energy and Wood have signed a memorandum of understanding (MOU) to collaborate on the commerciali s ation and global deployment of subsurface hydrogen production. The partnership combines Wood s global engineering consulting and decarboni s ation expertise with Eclipse s subsurface hydrogen technology which repurposes existing oil reservoirs into low-cost hydrogen-producing assets. It aims to advance hydrogen projects from early development to commercial execution. The partnership comes as Eclipse transitions from technology validation to commercial execution with multiple projects progressing this year. Eclipse s approach leverages existing oilfield infrastructure to produce low-cost sustainable hydrogen avoiding ...
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Eclipse Energy and Wood have signed a memorandum of understanding (MOU) to collaborate on the commercialisation and global deployment of subsurface hydrogen production.
The partnership
combines Wood’s global engineering, consulting, and decarbonisation expertise with
Eclipse’s subsurface hydrogen technology, which repurposes existing oil
reservoirs into low-cost hydrogen-producing assets.
It aims to advance
hydrogen projects from early development to commercial execution.
The partnership comes
as Eclipse transitions from technology validation to commercial execution, with
multiple projects progressing this year.
Eclipse’s approach leverages existing oilfield infrastructure to produce low-cost, sustainable hydrogen, avoiding ...
Chinese scientists have developed a universal green high-efficiency membrane separation method to selectively extract a range of heavy metal resources critical to new energy technologies. This offers a potential solution to long-standing challenges in traditional extraction techniques such as high pollution low efficiency and high energy consumption while also supporting critical metal recovery and recycling Chinese Academy of Sciences (CAS) announced on Monday. The accelerated advancement of China s dual carbon goals has fueled rapid growth in clean energy technologies such as wind power photovoltaics electric vehicles and nuclear energy. This growth has driven up demand for specific heavy metal elements some of which face heavy import dependence and potential supply shortages according to an article released by the CAS on its official WeChat account. A joint research team made up of scientists from the State Key Laboratory of Photoele...
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Chinese scientists have developed a universal green, high-efficiency membrane separation method to selectively extract a range of heavy metal resources critical to new energy technologies.
This offers a potential solution to long-standing challenges in traditional extraction techniques, such as high pollution, low efficiency, and high energy consumption, while also supporting critical metal recovery and recycling, Chinese Academy of Sciences (CAS) announced on Monday.
The accelerated advancement of China's dual carbon goals has fueled rapid growth in clean energy technologies such as wind power, photovoltaics, electric vehicles, and nuclear energy.
This growth has driven up demand for specific heavy metal elements, some of which face heavy import dependence and potential supply shortages, according to an article released by the CAS on its official WeChat account.
A joint research team made up of scientists from the State Key Laboratory of Photoele...
The conflict between Iran the US and Israel is creating the worst energy crisis the world has ever faced Dr. Fatih Birol head of the International Energy Agency (IEA) said. This is indeed the biggest crisis in history Birol told France Inter radio in an interview broadcast reported Reuters. The crisis is already huge if you combine the effects of the petrol crisis and the gas crisis with Russia he added. The war in the Middle East has choked up maritime traffic in the Strait of Hormuz which is a conduit for a fifth of global oil and liquefied natural gas flows. It has also come on top of the effects of Russia s war with Ukraine which had already severed Russian gas supplies to Europe. Birol had said earlier this month that he viewed the current situation in global energy markets as worse than previous crises in 1973 1979 and 2022 combined. In March the IEA agreed to release a record 400 million barrels of oil from strategic ...
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The conflict between Iran, the US, and Israel is creating the worst energy crisis the world has ever faced, Dr. Fatih Birol, head of the International Energy Agency (IEA), said.
"This is indeed the biggest crisis in history," Birol told France Inter radio in an interview broadcast, reported Reuters.
"The crisis is already huge, if you combine the effects of the petrol crisis and the gas crisis with Russia," he added.
The war in the Middle East has choked up maritime traffic in the Strait of Hormuz, which is a conduit for a fifth of global oil and liquefied natural gas flows.
It has also come on top of the effects of Russia's war with Ukraine, which had already severed Russian gas supplies to Europe.
Birol had said earlier this month that he viewed the current situation in global energy markets as worse than previous crises in 1973, 1979 and 2022 combined.
In March, the IEA agreed to release a record 400 million barrels of oil from strategic ...
Global energy demand grew at a slower pace in 2025 than the year before but electricity consumption continued to rise much faster than overall demand with solar PV becoming the largest contributor to growth in global energy supply for the first time according to a new International Energy Agency (IEA) report. The latest edition of the IEA s Global Energy Review provides a comprehensive global assessment of trends across the energy sector in 2025. Based on the latest data it covers energy demand electricity generation and use energy technology deployment and energy-related carbon dioxide (CO2) emissions. The report shows that overall global energy demand growth slowed to 1.3 per cent in 2025 slightly below the previous decade s average of 1.4 per cent and ...
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Global energy demand grew at a slower pace in 2025 than the year before, but electricity consumption continued to rise much faster than overall demand – with solar PV becoming the largest contributor to growth in global energy supply for the first time, according to a new International Energy Agency (IEA) report.
The latest edition of
the IEA’s Global Energy Review provides a comprehensive
global assessment of trends across the energy sector in 2025.
Based on the latest
data, it covers energy demand, electricity generation and use, energy
technology deployment, and energy-related carbon dioxide (CO2) emissions.
The report shows that overall global energy demand growth slowed to 1.3 per cent in 2025, slightly below the previous decade’s average of 1.4 per cent and ...
Abu Dhabi-based Global South Utilities (GSU) a Resources Investment company has announced its 2025 milestones which included expanding its renewable energy portfolio across Africa and Central Asia contributing to the supply of electricity to more than 500 000 homes. GSU s 2025 milestones reflect a year of execution across complex and underserved markets where GSU delivered projects on accelerated timelines across diverse operating environments. In countries where energy access remains inconsistent the company s work has increasingly focused on bringing reliable power closer to the communities that depend on it. The activity signals a shift from standalone developments to a more integrated model spanning generation manufacturing and market expansion alongside a growing focus on localising renewable energy value chains. This is reflected in its industrial investment in Egypt which moves part of the production process nearer to regional demand and redu...
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Abu Dhabi-based Global South Utilities (GSU), a Resources Investment company, has announced its 2025 milestones, which included expanding its renewable energy portfolio across Africa and Central Asia, contributing to the supply of electricity to more than 500,000 homes.
GSU’s 2025 milestones reflect a year of execution across complex and underserved markets, where GSU delivered projects on accelerated timelines across diverse operating environments. In countries where energy access remains inconsistent, the company’s work has increasingly focused on bringing reliable power closer to the communities that depend on it.
The activity signals a shift from standalone developments to a more integrated model spanning generation, manufacturing, and market expansion, alongside a growing focus on localising renewable energy value chains.
This is reflected in its industrial investment in Egypt, which moves part of the production process nearer to regional demand and redu...
Energy output lost in the Middle East from the ongoing conflict in the region will take about two years to recover Fatih Birol the head of the International Energy Agency was quoted as saying in an interview with the Neue Zuercher Zeitung newspaper. That will vary from country to country. In Iraq for example it will take much longer than in Saudi Arabia. However we estimate it will take approximately two years overall to reach pre-war levels again Birol told the Swiss newspaper. Birol added that the market was underestimating the consequences of a prolonged closure of the Strait of Hormuz. Shipments of oil and gas that were already en route to their destinations before the war in Iran began have now arrived mitigating the impact of shortages he said. But no new tankers were loaded in March. There were no new deliveries of oil gas or fuels to Asian markets. This gap is now becoming apparent. If the Strait of Hormuz is not reopened ...
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Energy output lost in the Middle East from the ongoing conflict in the region will take about two years to recover, Fatih Birol, the head of the International Energy Agency, was quoted as saying in an interview with the Neue Zuercher Zeitung newspaper.
"That will vary from country to country. In Iraq, for example, it will take much longer than in Saudi Arabia. However, we estimate it will take approximately two years overall to reach pre-war levels again," Birol told the Swiss newspaper.
Birol added that the market was underestimating the consequences of a prolonged closure of the Strait of Hormuz.
Shipments of oil and gas that were already en route to their destinations before the war in Iran began have now arrived, mitigating the impact of shortages, he said.
"But no new tankers were loaded in March. There were no new deliveries of oil, gas or fuels to Asian markets. This gap is now becoming apparent. If the Strait of Hormuz is not reopened, ...
The Ministry of Investment of the UAE signed a Memorandum of Understanding (MoU) with Jereh Group to develop an integrated clean energy and industrial platform in the UAE. The MoU aims to deepen bilateral economic ties between the UAE and China and positions the UAE as a regional hub for next-generation energy technology and advanced manufacturing. The MoU was signed by Mohammad Alhawi Undersecretary of the UAE Ministry of Investment and Li Weibin Executive President of Jereh Group. Jereh Group s investment plan encompasses four components: the deployment of small modular reactor (SMR) technology to provide stable zero-carbon baseload power; the establishment of an anode material manufacturing facility with a target capacity of 100 000 tonnes per annum; and the ...
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The Ministry of Investment of the UAE signed a
Memorandum of Understanding (MoU) with Jereh Group, to develop an integrated
clean energy and industrial platform in the UAE.
The MoU aims to deepen bilateral economic ties
between the UAE and China, and positions the UAE as a regional hub for
next-generation energy technology and advanced manufacturing.
The MoU was signed by Mohammad Alhawi,
Undersecretary of the UAE Ministry of Investment, and Li Weibin, Executive
President of Jereh Group.
Jereh Group's investment plan encompasses four components: the deployment of small modular reactor (SMR) technology to provide stable, zero-carbon baseload power; the establishment of an anode material manufacturing facility with a target capacity of 100,000 tonnes per annum; and the ...
Saudi Energy (SE) and Kraken announced the signing of definitive agreements for a strategic partnership with Kraken Technologies (Kraken) a global provider of an AI-powered operating system for the utilities sector. Under the agreements SE and Kraken will establish a joint venture headquartered in Riyadh to accelerate digital transformation across the energy and utilities sectors in the Middle East and North Africa (Mena). The joint venture will serve as the exclusive reseller of the Kraken operating system across the Mena region. It will also focus on: Deploying the Kraken operating system to modernise utility operations and customer experience Building regional digital capabilities and developing local talent Supporting job crea...
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Saudi Energy (SE) and Kraken announced the signing of definitive agreements for a strategic partnership with Kraken Technologies (Kraken), a global provider of an AI-powered operating system for the utilities sector.
Under the agreements,
SE and Kraken will establish a joint venture headquartered in Riyadh to
accelerate digital transformation across the energy and utilities sectors in
the Middle East and North Africa (Mena).
The joint venture will
serve as the exclusive reseller of the Kraken operating system across the Mena region.
It will also focus on:
Saudi Energy has signed final agreements to establish a strategic partnership with Kraken Technologies Limited one of the world s leading companies in AI-powered digital operating solutions for the utilities sector. Under the agreements the two parties will establish a joint venture headquartered in Riyadh while Saudi Energy will acquire a minority equity stake in Kraken said a Saudi Press Agency report. The partnership supports Saudi Energy s AI-driven digital innovation strategy and the development of advanced operating platforms for the energy and utilities sectors contributing to improved operational efficiency enhanced organizational resilience and long-term sustainable growth. The joint venture will serve as the exclusive distributor of the Kraken operating platform in the Middle East and North Africa (MENA) with a focus on building advanced regional capabilities providing high-quality job opportunities in energy and digital technology and accelerat...
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Saudi Energy has signed final agreements to establish a strategic partnership with Kraken Technologies Limited, one of the world’s leading companies in AI-powered digital operating solutions for the utilities sector.
Under the agreements, the two parties will establish a joint venture headquartered in Riyadh, while Saudi Energy will acquire a minority equity stake in Kraken, said a Saudi Press Agency report.
The partnership supports Saudi Energy’s AI-driven digital innovation strategy and the development of advanced operating platforms for the energy and utilities sectors, contributing to improved operational efficiency, enhanced organizational resilience, and long-term sustainable growth.
The joint venture will serve as the exclusive distributor of the Kraken operating platform in the Middle East and North Africa (MENA), with a focus on building advanced regional capabilities, providing high-quality job opportunities in energy and digital technology, and accelerat...
Mammoet and ULC-Energy have entered into a cooperation agreement to streamline the construction of nuclear power facilities in the Netherlands. Mammoet a leader in engineered heavy lifting and transport has supported the safe and efficient assembly maintenance and decommissioning of nuclear power facilities around the world for decades. It is also leading the way in modular construction techniques which can dramatically reduce the time it takes to build a nuclear facility by enabling its largest building blocks to be fabricated off-site and then transported to location for just-in-time installation. ULC-Energy a nuclear development company is working to deliver multiple Small Modular Reactors (SMRs) in the Netherlands and Belgium. This new strategic partnership com...
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Mammoet and ULC-Energy have entered into a cooperation agreement to streamline the construction of nuclear power facilities in the Netherlands.
Mammoet, a leader in engineered heavy lifting and transport, has supported the safe and efficient assembly, maintenance, and decommissioning of nuclear power facilities around the world for decades.
It is also leading the way in modular construction techniques, which can dramatically reduce the time it takes to build a nuclear facility by enabling its largest building blocks to be fabricated off-site and then transported to location for just-in-time installation.
ULC-Energy, a nuclear development company, is working to deliver multiple Small Modular Reactors (SMRs) in the Netherlands and Belgium.
This new strategic partnership com...
German energy giant E.ON expects electricity and gas prices to continue climbing over the long term as a result of ongoing tensions in the Middle East according to senior company officials. Filip Thon CEO of E.ON Energie Deutschland a subsidiary of the group said in remarks that pre-escalation price levels will not return as swiftly as some might hope reported ONA. Energy prices on wholesale exchanges he noted will remain elevated above pre-crisis benchmarks for an extended period pointing to a significant jump in energy procurement costs. Thon highlighted that prices have already risen this year by 75 per cent for gas and 35 perc ent for electricity on a temporary basis. Wholesale energy contracts for next year have surged by approximately 60 percent for gas ...
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German energy giant E.ON expects electricity and gas prices to continue climbing over the long term as a result of ongoing tensions in the Middle East, according to senior company officials.
Filip Thon, CEO of
E.ON Energie Deutschland — a subsidiary of the group — said in remarks that
pre-escalation price levels will not return as swiftly as some might hope, reported ONA.
Energy prices on
wholesale exchanges, he noted, will remain elevated above pre-crisis benchmarks
for an extended period, pointing to a significant jump in energy procurement
costs.
Thon highlighted that
prices have already risen this year by 75 per cent for gas and 35 perc ent
for electricity on a temporary basis.
Wholesale energy contracts for next year have surged by approximately 60 percent for gas ...
The strategic deployment of renewables has provided enhanced resilience in the face of the current energy crisis by a number of countries according to a new policy advisory from the International Renewable Energy Agency (Irena). The brief aimed at policy makers responding to the disruption in international energy markets suggests a set of immediate and longer-term actions to insulate countries and communities from the worst effects of the crisis and steer their economic recovery towards greater energy security and resilience. Renewables are already reducing dependence on fossil fuel imports across countries the new brief finds from Spain and Portugal in Europe to China India and Pakistan in Asia. Globally renewable power capacity continues to grow at record speed with 692 GW added in 2025. span lang=...
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The strategic deployment of renewables has provided enhanced resilience in the face of the current energy crisis by a number of countries, according to a new policy advisory from the International Renewable Energy Agency (Irena).
The brief, aimed at policy makers
responding to the disruption in international energy markets, suggests a set of
immediate and longer-term actions to insulate countries and communities from
the worst effects of the crisis, and steer their economic recovery towards
greater energy security and resilience.
Renewables are already reducing dependence
on fossil fuel imports across countries, the new brief finds—from Spain and
Portugal in Europe, to China, India and Pakistan in Asia. Globally, renewable
power capacity continues to grow at record speed, with 692 GW added in 2025.
Oman s Ministry of Energy and Minerals announced the offering of five concession areas in the oil and gas sector for competition among local and international petroleum companies. This comes as part of its efforts to enhance the optimal utilisation of natural resources with efficiency and innovation ensure their sustainability and support the growth of the national economy in line with the objectives of Oman Vision 2040. The offered concession areas (12 16 55 42 and 45) are distributed across a wide geographical area with significant geological potential reported Oman News Agency. The Ministry affirmed that the offering of these areas comes as part of its ongoing approach to enhancing an attractive investment environment based on the principles of transparency and equal opportunities thereby contributing to attracting quality investments transferring modern technologies and maximising the added value of the oil and gas sector. The Ministry explaine...
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Oman’s Ministry of Energy and Minerals announced the offering of five concession areas in the oil and gas sector for competition among local and international petroleum companies.
This comes as part of its efforts to enhance the optimal utilisation of natural resources with efficiency and innovation, ensure their sustainability, and support the growth of the national economy in line with the objectives of Oman Vision 2040.
The offered concession areas (12, 16, 55, 42, and 45) are distributed across a wide geographical area with significant geological potential, reported Oman News Agency.
The Ministry affirmed that the offering of these areas comes as part of its ongoing approach to enhancing an attractive investment environment based on the principles of transparency and equal opportunities, thereby contributing to attracting quality investments, transferring modern technologies, and maximising the added value of the oil and gas sector.
The Ministry explaine...
Global equity research firm Bernstein has initiated sell-side coverage of the Middle East and North Africa (Mena) energy sector highlighting the UAE s adaptive governance model disciplined sovereign-backed ownership structures and strong cashflow visibility across the energy value chain. Bernstein cited these factors as instrumental in helping the UAE transform state owned assets into investable platforms at speed identifying Adnoc Gas and Fertiglobe as Best Picks and describing both as quality at as discount investment opportunities. Bernstein operates from major financial centers including New York and London and is backed by Societe Generale and AllianceBernstein which manages over 850 billion in assets globally reported WAM. The sell-side research firm highlighted the region s sovereign-led energy model stating that MENA governments act as active capital allocators using national champions and capital markets to convert resources into long-ter...
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Global equity research firm, Bernstein, has initiated sell-side coverage of the Middle East and North Africa (Mena) energy sector, highlighting the UAE’s adaptive governance model, disciplined, sovereign-backed ownership structures and strong cashflow visibility across the energy value chain.
Bernstein cited these factors as instrumental in helping the UAE transform “state owned assets into investable platforms at speed”, identifying Adnoc Gas and Fertiglobe as ‘Best Picks’ and describing both as “quality at as discount” investment opportunities.
Bernstein operates from major financial centers including New York and London, and is backed by Societe Generale and AllianceBernstein, which manages over $850 billion in assets globally, reported WAM.
The sell-side research firm highlighted the region’s sovereign-led energy model, stating that MENA governments act as active capital allocators, using national champions and capital markets to convert resources into long-ter...
The UAE Ministry of Energy and Infrastructure (MoEI) has announced the launch of a strategic project to implement microgrid systems marking a significant step forward in strengthening the UAE s approach to building a smart resilient and adaptive energy ecosystem. The initiative is designed to strengthen energy security sustainability and efficiency while supporting the objectives of the We the UAE 2031 vision in developing advanced future-ready infrastructure The project is the first of its kind across the UAE and was first developed and implemented in 2025 at the Ministry headquarters in Sharjah as part of a proactive vision aimed at strengthening national preparedness for electricity outage scenarios during emergencies and crises. The project adopts an integrated operational model that combines clean energy generation energy storage and advanced digital energy management solutions. Sharif Al Olama Undersecretary for Energy and Petroleum A...
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The UAE Ministry of Energy and Infrastructure (MoEI) has announced the launch of a strategic project to implement microgrid systems, marking a significant step forward in strengthening the UAE’s approach to building a smart, resilient, and adaptive energy ecosystem.
The initiative is designed to strengthen energy security, sustainability, and efficiency, while supporting the objectives of the ‘We the UAE 2031’ vision in developing advanced, future-ready infrastructure
The project is the first of its kind across the UAE and was first developed and implemented in 2025 at the Ministry headquarters in Sharjah, as part of a proactive vision aimed at strengthening national preparedness for electricity outage scenarios during emergencies and crises.
The project adopts an integrated operational model that combines clean energy generation, energy storage, and advanced digital energy management solutions.
Sharif Al Olama, Undersecretary for Energy and Petroleum A...
A series of global shocks in recent years have triggered an exceptionally active period of energy policy making sharpening governments focus on energy security resilience and affordability and driving public spending on energy significantly higher according to a new International Energy Agency (IEA) report. The report State of Energy Policy 2026 provides a comprehensive first-of-its-kind review of global energy policy changes in 2025. Drawing on the IEA s Global Energy Policies Hub the world s most extensive public repository of energy policies it tracks more than 6 500 policy measures across 84 countries. The report highlights changes in more than 200 areas of energy policymaking including government spending emergency stockholding energy access energy regulation and climate pledges. Government spending on energy has more than doubled since 2019 a period that included the disruptions of the Covid-19 pandemic and the 2022 energ...
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A series of global shocks in recent years have triggered an exceptionally active period of energy policy making, sharpening governments’ focus on energy security, resilience and affordability – and driving public spending on energy significantly higher – according to a new International Energy Agency (IEA) report.
The report, State of Energy Policy 2026, provides a comprehensive, first-of-its-kind review of global energy policy changes in 2025.
Drawing on the IEA’s Global Energy Policies Hub – the world’s most extensive public repository of energy policies – it tracks more than 6 500 policy measures across 84 countries.
The report highlights changes in more than 200 areas of energy policymaking, including government spending, emergency stockholding, energy access, energy regulation and climate pledges.
Government spending on energy has more than doubled since 2019 – a period that included the disruptions of the Covid-19 pandemic and the 2022 energ...
Modutec has announced a majority investment in Aberdeen-based EOS Europe. EOS Europe is a specialist provider of electrical services to the energy and marine sectors delivering critical projects for clients across the UK USA and Norway. Their specialist services include hazardous area inspections technical auditing and inspections project planning and management construction and installation testing and commissioning and ongoing maintenance support alongside international procurement and design review capabilities. Brian Knowles. Modutec Managing Director said: We are delighted to complete this deal which brings together two highly complementary businesses and strengthens our capabilities across the energy and marine sectors. EOS s established presence in Aberdeen adds valuable expertise to our group and marks an important step in expanding our in-house turnkey services. I look forward to working closely with George McLeod and his team. EOS ...
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Modutec has announced a majority investment in Aberdeen-based EOS Europe.
EOS Europe is a specialist provider of electrical services to the energy and marine sectors, delivering critical projects for clients across the UK, USA and Norway.
Their specialist services include hazardous area inspections, technical auditing and inspections, project planning and management, construction and installation, testing and commissioning, and ongoing maintenance support, alongside international procurement and design review capabilities.
Brian Knowles. Modutec Managing Director, said: “We are delighted to complete this deal, which brings together two highly complementary businesses and strengthens our capabilities across the energy and marine sectors. EOS’s established presence in Aberdeen adds valuable expertise to our group and marks an important step in expanding our in-house turnkey services. I look forward to working closely with George McLeod and his team.”
EOS ...
Austrian oil and gas group OMV said it expected higher energy prices to more than offset disruptions to production and sales volumes caused by the war in the Middle East a Reuters report said. OMV recorded higher average energy prices in the first quarter of 2026 with the average price of natural gas rising by 17.8% compared to the fourth quarter. Average realised crude oil price rose by nearly 20% quarter-on-quarter to 73.8 per barrel the Vienna-based group said. However production fell to 288 000 barrels of oil equivalent per day down from 300 000 barrels in the previous quarter the group said. OMV said it expected interruptions to the flow of crude oil to reduce first-quarter earnings by roughly 100 million euros ( 117 million) compared to the previous three months. It also flagged a further 150-million-euro hit to earnings mainly due to lower margins in its retail and commercial businesses the report said. ...
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Austrian oil and gas group OMV said it expected higher energy prices to more than offset disruptions to production and sales volumes caused by the war in the Middle East, a Reuters report said.
OMV recorded higher average energy prices in the first quarter of 2026, with the average price of natural gas rising by 17.8% compared to the fourth quarter.
Average realised crude oil price rose by nearly 20% quarter-on-quarter to $73.8 per barrel, the Vienna-based group said.
However, production fell to 288,000 barrels of oil equivalent per day, down from 300,000 barrels in the previous quarter, the group said.
OMV said it expected interruptions to the flow of crude oil to reduce first-quarter earnings by roughly 100 million euros ($117 million) compared to the previous three months. It also flagged a further 150-million-euro hit to earnings mainly due to lower margins in its retail and commercial businesses, the report said.
...The heads of the International Energy Agency (IEA) International Monetary Fund (IMF) and World Bank Group will meet on Monday to discuss the energy crisis triggered by the Iran war. Announcing the move IEA Executive Director Fatih Birol said in a X post: This energy crisis calls for all hands on deck & international cooperation. Last week Birol IMF Chief Kristalina Georgieva and the World Bank s Ajay Banga had agreed to form a coordination group to maximise their institutions response to the energy and economic impacts of the war. They said: The Middle East war has caused major disruptions to lives and livelihoods in the region and triggered one of the largest supply shortages in global energy market history. The impact is substantial global and highly asymmetric disproportionately affecting energy importers in particular low-income countries. It is already transmitted through higher oil gas and fertilizers prices and is trigge...
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The heads of the International Energy Agency (IEA), International Monetary Fund (IMF), and World Bank Group will meet on Monday to discuss the energy crisis triggered by the Iran war.
Announcing the move, IEA Executive Director Fatih Birol said in a X post: "This energy crisis calls for all hands on deck & international cooperation.
Last week, Birol, IMF Chief Kristalina Georgieva and the World Bank's Ajay Banga had agreed to form a coordination group to maximise their institutions’ response to the energy and economic impacts of the war.
They said: "The Middle East war has caused major disruptions to lives and livelihoods in the region and triggered one of the largest supply shortages in global energy market history. The impact is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries. It is already transmitted through higher oil, gas and fertilizers prices, and is trigge...
Saudi Minister of Energy and Chairman of King Abdullah Petroleum Studies and Research Centre (KAPSARC) Board of Trustees Prince Abdulaziz bin Salman bin Abdulaziz alongside Minister of Culture Prince Bader bin Abdullah bin Farhan inaugurated the Black Gold Museum at KAPSARC marking a milestone in Saudi Arabia s cultural landscape. The Black Gold Museum is the first of its kind exploring the profound transformation and impact of oil on global development and societies through modern and contemporary art reported Saudi Press Agency. It offers visitors the opportunity to engage with the story of black gold in a new way. Prince Abdulaziz stated that the museum is the result of collaboration between the cultural ecosystem represented by the Museums Commission and the energy ecosystem represented by KAPSARC. It aims to present a comprehensive narrative of the history of oil and its far-reaching impact across all aspects of life. Prince B...
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Saudi Minister of Energy and Chairman of King Abdullah Petroleum Studies and Research Centre (KAPSARC) Board of Trustees Prince Abdulaziz bin Salman bin Abdulaziz, alongside Minister of Culture Prince Bader bin Abdullah bin Farhan, inaugurated the Black Gold Museum at KAPSARC, marking a milestone in Saudi Arabia’s cultural landscape.
The Black Gold Museum is the first of its kind, exploring the profound transformation and impact of oil on global development and societies through modern and contemporary art, reported Saudi Press Agency.
It offers visitors the opportunity to engage with the story of “black gold” in a new way.
Prince Abdulaziz stated that the museum is the result of collaboration between the cultural ecosystem, represented by the Museums Commission, and the energy ecosystem, represented by KAPSARC.
It aims to present a comprehensive narrative of the history of oil and its far-reaching impact across all aspects of life.
Prince B...
Fluor Corporation has entered into a contract with X-energy to support the company s proposed advanced nuclear project at Dow s UCC Seadrift Operations in south Texas. Under the agreement Fluor will initially deliver Front-End Loading Stage 2 (FEL-2) services. FEL-2 focuses on project definition strategic planning feasibility assessment cost control and risk mitigation. Fluor will recognise the undisclosed contract value for this initial portion of work in the first quarter of 2026. The X-energy project proposes to develop four 80-megawatt small modular reactor (SMR) units to supply Dow s Seadrift site with safe reliable carbon free electricity and industrial steam replacing aging energy and steam infrastructure. The project is supported by the US Department of Energy s (DOE) Advanced Reactor Demonstration Program (ARDP) which accelerates the commercialisation of advanced nuclear technologies through cost shared partnerships with industry. ...
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Fluor Corporation has entered into a contract with X-energy to support the company’s proposed advanced nuclear project at Dow’s UCC Seadrift Operations in south Texas.
Under the agreement, Fluor will initially deliver Front-End Loading Stage 2 (FEL-2) services. FEL-2 focuses on project definition, strategic planning, feasibility assessment, cost control and risk mitigation. Fluor will recognise the undisclosed contract value for this initial portion of work in the first quarter of 2026.
The X-energy project proposes to develop four, 80-megawatt small modular reactor (SMR) units to supply Dow’s Seadrift site with safe, reliable, carbon free electricity and industrial steam, replacing aging energy and steam infrastructure.
The project is supported by the US Department of Energy’s (DOE) Advanced Reactor Demonstration Program (ARDP), which accelerates the commercialisation of advanced nuclear technologies through cost shared partnerships with industry. ...
Arcius an affiliate of the UK-headquartered BP and the UAE-based Adnoc s XRG has announced the Final Investment Decision (FID) to develop the Harmattan gas field in the El Burg Offshore concession area a significant step toward executing one of its first projects in Egypt. The investment estimated at approximately 500 million will help support and increase natural gas production to meet domestic market needs. The announcement was made during the EGYPES 2026 with the participation of the Egyptian Natural Gas Holding Company (EGAS) Arcius as the Operator of El Burg Offshore Concession (EBOC) Pharaonic Petroleum Company (PhPC) ENPPI and in the presence of Engineer Karim Badawi Minister of Petroleum and Mineral Resources. Following Arcius acquisition of the El Burg Offshore concession area in February 2026 the company in collaboration with EGAS announced the Final Investment Decision for the project. As part of the execution phase PhPC actin...
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Arcius , an affiliate of the UK-headquartered BP and the UAE-based Adnoc’s XRG,has announced the Final Investment Decision (FID) to develop the Harmattan gas field in the El Burg Offshore concession area, a significant step toward executing one of its first projects in Egypt.
The investment, estimated at approximately $500 million, will help support and increase natural gas production to meet domestic market needs.
The announcement was made during the EGYPES 2026 with the participation of the Egyptian Natural Gas Holding Company (EGAS), Arcius as the Operator of El Burg Offshore Concession (EBOC), Pharaonic Petroleum Company (PhPC), ENPPI, and in the presence of Engineer Karim Badawi, Minister of Petroleum and Mineral Resources.
Following Arcius’ acquisition of the El Burg Offshore concession area in February 2026, the company, in collaboration with EGAS, announced the Final Investment Decision for the project.
As part of the execution phase, PhPC actin...
The installed renewable energy capacity has exceeded 7.7 gigawatts (GW) with projects under development expected to raise total capacity to more than 23 GW by 2031 a WAM news agency report said. Installed capacity grew 117 percent between 2022 and 2025 reflecting the effectiveness of national policies and the acceleration of strategic projects it said. The UAE is accelerating its position as a global hub for clean energy investment through a series of projects announced and launched in 2026 by its leading national firms. These projects underscore the UAE s commitment to delivering reliable sustainable energy solutions across Asia Africa and Europe driving both economic growth and significant carbon emission reductions to combat climate change. In January the UAE adopted the Sustainable Digital Services IT Guideline aimed at promoting renewable energy use advanced technologies such as artificial intelligence and cloud computing and environmentally f...
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The installed renewable energy capacity has exceeded 7.7 gigawatts (GW), with projects under development expected to raise total capacity to more than 23 GW by 2031, a WAM news agency report said.
Installed capacity grew 117 percent between 2022 and 2025, reflecting the effectiveness of national policies and the acceleration of strategic projects, it said.
The UAE is accelerating its position as a global hub for clean energy investment through a series of projects announced and launched in 2026 by its leading national firms.
These projects underscore the UAE’s commitment to delivering reliable, sustainable energy solutions across Asia, Africa, and Europe, driving both economic growth and significant carbon emission reductions to combat climate change.
In January, the UAE adopted the Sustainable Digital Services IT Guideline aimed at promoting renewable energy use, advanced technologies such as artificial intelligence and cloud computing, and environmentally f...
Saudi-based Kingdom Holding Company has announced that it has acquired a stake in US-based Breakthrough Energy Ventures (BEV) a key investor in innovative clean-energy and sustainability technologies from Prince Alwaleed bin Talal bin Abdulaziz AlSaud the Chairman of Kingdom Holding Company and the largest shareholder for SAR255 million ( 68 million). The transaction aligns with KHC s investment philosophy of providing shareholders access to unique investment opportunities not broadly accessible to the market while acting as an early investor in innovative and transformative technologies said Kingdom Holding Company in its filing to Saudi bourse Tadawul. Headquartered in Washington BEV is a company that focuses on investing in innovative clean-energy and sustainability technologies aimed at enabling a low-carbon economy. A company founded by Bill Gates BEV has emerged as a major investor in companies that develop breakthrough solutions across agriculture b...
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Saudi-based Kingdom Holding Company has announced that it has acquired a stake in US-based Breakthrough Energy Ventures (BEV), a key investor in innovative clean-energy and sustainability technologies, from Prince Alwaleed bin Talal bin Abdulaziz AlSaud, the Chairman of Kingdom Holding Company and the largest shareholder, for SAR255 million ($68 million).
The transaction aligns with KHC’s investment philosophy of providing shareholders access to unique investment opportunities not broadly accessible to the market, while acting as an early investor in innovative and transformative technologies, said Kingdom Holding Company in its filing to Saudi bourse Tadawul.
Headquartered in Washington, BEV is a company that focuses on investing in innovative clean-energy and sustainability technologies aimed at enabling a low-carbon economy.
A company founded by Bill Gates, BEV has emerged as a major investor in companies that develop breakthrough solutions across agriculture, b...
The UAE is accelerating its position as a global hub for clean energy investment through a series of projects announced and launched in 2026 by its leading national firms. These projects underscore the UAE s commitment to delivering reliable sustainable energy solutions across Asia Africa and Europe driving both economic growth and significant carbon emission reductions to combat climate change reported WAM News. In January the UAE adopted the Sustainable Digital Services IT Guideline aimed at promoting renewable energy use advanced technologies such as artificial intelligence and cloud computing and environmentally friendly IT practices. The Abu Dhabi Department of Energy also introduced the Solar Energy Self-Supply Policy during the World Governments Summit 2026 which provides flexible frameworks for clean energy generation and storage specifically empowering the agricultural sector to transition toward a high-efficiency power system. Furthering t...
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The UAE is accelerating its position as a global hub for clean energy investment through a series of projects announced and launched in 2026 by its leading national firms.
These projects underscore the UAE’s commitment to delivering reliable, sustainable energy solutions across Asia, Africa, and Europe, driving both economic growth and significant carbon emission reductions to combat climate change, reported WAM News.
In January, the UAE adopted the Sustainable Digital Services IT Guideline aimed at promoting renewable energy use, advanced technologies such as artificial intelligence and cloud computing, and environmentally friendly IT practices.
The Abu Dhabi Department of Energy also introduced the Solar Energy Self-Supply Policy during the World Governments Summit 2026, which provides flexible frameworks for clean energy generation and storage, specifically empowering the agricultural sector to transition toward a high-efficiency power system.
Furthering t...
2025 saw total renewable power capacity reach 5149 gigawatts (GW) after the addition of 692 GW or a 15.5 per cent of annual increase according to new report by the International Renewable Energy Agency (Irena). The Renewable Capacity Statistics 2026 also finds renewable energy dominates the total capacity expansion at 85.6 per cent share while non-renewables continue to account for a smaller share of additions. Geopolitical tensions are once again thrusting energy into the global spotlight. Escalation in the Middle East raises fresh concerns over supply security and fossil fuel price volatility. Against this backdrop renewable energy is gaining attention to build more resilient systems that are less vulnerable to international shocks. As renewables are homegrown low-cost and can be de...
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2025 saw total renewable power capacity reach 5149 gigawatts (GW) after the addition of 692 GW, or a 15.5 per cent of annual increase, according to new report by the International Renewable Energy Agency (Irena).
The Renewable Capacity
Statistics 2026 also finds renewable energy dominates the total capacity
expansion at 85.6 per cent share, while non-renewables continue to account for
a smaller share of additions.
Geopolitical tensions
are once again thrusting energy into the global spotlight.
Escalation in the
Middle East raises fresh concerns over supply security and fossil fuel price
volatility.
Against this backdrop,
renewable energy is gaining attention to build more resilient systems that are
less vulnerable to international shocks.
As renewables are homegrown, low-cost and can be de...
The Maharlika Consortium through Archipelago Renewables Corporation (ARC and ARC II) and in partnership with WEnergy Global and CleanGrid Partners has broken ground on 24 off-grid microgrids across the Philippines. Backed by regulatory approvals this 35 million investment marks the country s largest private-sector rural electrification initiative. The project will provide clean reliable 24/7 electricity to more than 11 500 households benefiting over 50 000 people and local businesses in underserved communities across Palawan Cebu and Quezon. It builds on the consortium s experience operating the Sabang Microgrid since 2019. Using advanced solar PV battery energy storage systems (BESS) hybrid generation and smart distribution networks the microgrids aim to deliver affordable and resilient power. The portfolio includes 7 MWp of solar capacity 8 MWh of battery storage 3.5 MW of diesel backup and 225 km of distribution infrastruc...
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The Maharlika Consortium, through Archipelago Renewables Corporation (ARC and ARC II) and in partnership with WEnergy Global and CleanGrid Partners, has broken ground on 24 off-grid microgrids across the Philippines.
Backed by regulatory approvals, this $35 million investment marks the country’s largest private-sector rural electrification initiative.
The project will provide clean, reliable, 24/7 electricity to more than 11,500 households, benefiting over 50,000 people and local businesses in underserved communities across Palawan, Cebu, and Quezon.
It builds on the consortium’s experience operating the Sabang Microgrid since 2019.
Using advanced solar PV, battery energy storage systems (BESS), hybrid generation, and smart distribution networks, the microgrids aim to deliver affordable and resilient power.
The portfolio includes 7 MWp of solar capacity, 8 MWh of battery storage, 3.5 MW of diesel backup, and 225 km of distribution infrastruc...
Oman s Authority for Public Services Regulation (APSR) has announced the implementation of three new strategic projects: the continuous renewable energy production project battery energy storage systems (BESS) and demand response management alongside the introduction of improvements to service assurance standards during 2026. During its annual media briefing the Authority explained that over the past five years it has adopted an integrated regulatory system that included the issuance of 17 regulations the granting of 14 licenses the provision of 14 exemptions and the development of 15 frameworks for subscriber rights reported Oman News Agency. Additionally the Authority approved six security and safety standards and eight standards to ensure grid reliability reflecting its continuous efforts to develop public service sectors and enhance the quality of services provided to subscribers. The Authority further indicated that the volume of investments i...
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Oman’s Authority for Public Services Regulation (APSR) has announced the implementation of three new strategic projects: the continuous renewable energy production project, battery energy storage systems (BESS), and demand response management, alongside the introduction of improvements to service assurance standards during 2026.
During its annual media briefing, the Authority explained that over the past five years, it has adopted an integrated regulatory system that included the issuance of 17 regulations, the granting of 14 licenses, the provision of 14 exemptions, and the development of 15 frameworks for subscriber rights, reported Oman News Agency.
Additionally, the Authority approved six security and safety standards and eight standards to ensure grid reliability, reflecting its continuous efforts to develop public service sectors and enhance the quality of services provided to subscribers.
The Authority further indicated that the volume of investments i...
Global technology company SLB announced a three-year agreement with Azule Energy to continue and expand the use of its enterprise digital platform across Azule s operations in Angola. The platform will help Azule drive more consistent execution accelerate decision-making and support reliable energy delivery across its portfolio. Azule Energy a joint venture of bp and Eni and the largest independent energy producer in Angola operates some of the region s most complex assets. The agreement builds on two years of Delfi use within Azule s reservoir organisation where the platform supports reservoir studies modelling simulation and well planning workflows and supports enterprise-scale digital integration by connecting reservoir workflows with broader operational data environments over time. Azule operates large complex energy assets where execution reliability and consistency matter said ND Maduemezia president Europe and Africa SLB. ...
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Global technology company SLB announced a three-year agreement with Azule Energy to continue and expand the use of its enterprise digital platform across Azule’s operations in Angola.
The platform will help Azule drive more consistent execution, accelerate decision-making, and support reliable energy delivery across its portfolio.
Azule Energy — a joint venture of bp and Eni and the largest independent energy producer in Angola — operates some of the region’s most complex assets.
The agreement builds on two years of Delfi use within Azule’s reservoir organisation, where the platform supports reservoir studies, modelling, simulation, and well planning workflows, and supports enterprise-scale digital integration by connecting reservoir workflows with broader operational data environments over time.
“Azule operates large, complex energy assets where execution reliability and consistency matter,” said ND Maduemezia, president, Europe and Africa, SLB. ...
The European Commission has urged member states to cut their use of oil and gas especially in transportation due to the ongoing energy crisis and the risk of supply disruptions linked to the war in the Middle East. In a letter addressed to national energy ministers Energy Commissioner Dan Jørgensen suggested that governments explore voluntary measures to reduce demand. This recommendation comes ahead of an emergency meeting of EU energy ministers scheduled for Tuesday where they will discuss strategies to manage the crisis. Jørgensen also highlighted that rising costs and fuel shortages in Europe s transport sector may push governments to encourage people to limit driving and air travel preserving fuel for more critical needs. -OGN /TradeArabia News Service ...
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The European Commission has urged member states to cut their use of oil and gas—especially in transportation—due to the ongoing energy crisis and the risk of supply disruptions linked to the war in the Middle East.
In a letter addressed to national energy ministers, Energy Commissioner Dan Jørgensen suggested that governments explore voluntary measures to reduce demand.
This recommendation comes ahead of an emergency meeting of EU energy ministers scheduled for Tuesday, where they will discuss strategies to manage the crisis.
Jørgensen also highlighted that rising costs and fuel shortages in Europe’s transport sector may push governments to encourage people to limit driving and air travel, preserving fuel for more critical needs. -OGN/TradeArabia News Service
Armstrong Fluid Technology a global leader in intelligent energy-saving fluid flow and whole building mechanical solutions has announced the appointment of Danilo Elez as its Chief Executive Officer. In this role Danilo will lead the company s next phase of growth and innovation. Danilo joins Armstrong at a pivotal moment in its history recognising the company s clear differentiation in system-level fluid flow. This deep expertise connects system design and analytics to improve performance across the entire lifecycle of a building. A global leader in intelligent energy-efficient fluid flow and whole building mechanical solutions . Armstrong Fluid Technology has operations worldwide serving multiple industries. Armstrong helps organizations eliminate inefficiency improve system reliability and reduce operating costs through innovative products and digital solutions. The company s solutions support the infrastructure behind buildings and mission c...
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Armstrong Fluid Technology, a global leader in intelligent, energy-saving fluid flow and whole building mechanical solutions, has announced the appointment of Danilo Elez as its Chief Executive Officer. In this role, Danilo will lead the company’s next phase of growth and innovation.
Danilo joins Armstrong at a pivotal moment in its history, recognising the company’s clear differentiation in system-level fluid flow. This deep expertise connects system design and analytics to improve performance across the entire lifecycle of a building.
A global leader in intelligent, energy-efficient fluid flow and whole building mechanical solutions,. Armstrong Fluid Technology has operations worldwide serving multiple industries.
Armstrong helps organizations eliminate inefficiency, improve system reliability, and reduce operating costs through innovative products and digital solutions.
The company’s solutions support the infrastructure behind buildings and mission c...
The finance and energy ministers of the G7 group affirmed their readiness to take all necessary measures to ensure the stability of the energy market as part of their efforts to address the economic repercussions of the war in the Middle East. In a joint statement following their video conference meeting the ministers said: We are fully prepared to take all necessary measures in close coordination with our partners including maintaining the stability and security of the energy market. They added: We recognise the importance of coordinated international action to mitigate the repercussions and protect macroeconomic stability. They noted that they are continuing to monitor developments and their potential impact on global growth and financial market conditions. The G7 ministers also called on all countries to refrain from imposing unjustified restrictions on exports of hydrocarbons and related products. -OGN /TradeArabia News Service ...
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The finance and energy ministers of the G7 group affirmed their readiness to take "all necessary measures" to ensure the stability of the energy market, as part of their efforts to address the economic repercussions of the war in the Middle East.
In a joint statement following their video conference meeting, the ministers said: "We are fully prepared to take all necessary measures in close coordination with our partners, including maintaining the stability and security of the energy market."
They added: "We recognise the importance of coordinated international action to mitigate the repercussions and protect macroeconomic stability."
They noted that they are continuing to monitor developments and their potential impact on global growth and financial market conditions.
The G7 ministers also called on all countries to refrain from imposing unjustified restrictions on exports of hydrocarbons and related products. -OGN/TradeArabia News Service<...
The International Energy Agency (IEA ) has launched a dedicated policy tracker to monitor government actions taken in response to the energy market impacts of the conflict in the Middle East. The tracker provides an up-to-date overview of measures introduced by governments to conserve energy and protect consumers from rising prices as governments respond to supply disruptions and increased volatility notably in markets for crude oil oil products and liquefied natural gas (LNG). The conflict which began on 28 February has significantly impeded energy trade flows through the Strait of Hormuz creating the largest supply disruption in the history of the global oil market. Global supply of LNG has also been reduced by around 20 per cent as a result of the situation. The IEA s new tracker presents two main categories of action: measures aimed at conserving energy and those designed to support consumers. The tracker will be updated regularly as new...
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The International Energy Agency (IEA ) has launched a dedicated policy tracker to monitor government actions taken in response to the energy market impacts of the conflict in the Middle East.
The tracker provides an up-to-date overview of measures introduced by governments to conserve energy and protect consumers from rising prices, as governments respond to supply disruptions and increased volatility, notably in markets for crude oil, oil products and liquefied natural gas (LNG).
The conflict, which began on 28 February, has significantly impeded energy trade flows through the Strait of Hormuz, creating the largest supply disruption in the history of the global oil market.
Global supply of LNG has also been reduced by around 20 per cent as a result of the situation.
The IEA’s new tracker presents two main categories of action: measures aimed at conserving energy and those designed to support consumers.
The tracker will be updated regularly as new...
Australian Prime Minister Anthony Albanese announced a 50 per cent reduction of the fuel excise a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East. In a statement Albanese explained that the decision will reduce the cost of fuel by approximately 26.3 cents per liter reported Oman News Agency. He urged citizens who can afford to use public transport to do so in order to support fuel availability in the most vulnerable sectors and regions. The reduction which will take effect next Wednesday and last for three months will cut the excise from 52.6 cents to half. The Australian Treasury estimates that this measure will reduce the cost of filling a 65-liter tank by approximately 19. This step is part of a broader package of measures included in Canberra s new National Fuel Security Plan which also includes a three-month reduction in heavy vehicle tolls. /p...
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Australian Prime Minister Anthony Albanese announced a 50 per cent reduction of the fuel excise, a move aimed at mitigating the impact of the global fuel crisis stemming from the escalating military conflict in the Middle East.
In a statement, Albanese explained that the decision will reduce the cost of fuel by approximately 26.3 cents per liter, reported Oman News Agency.
He urged citizens who can afford to use public transport to do so, in order to support fuel availability in the most vulnerable sectors and regions.
The reduction, which will take effect next Wednesday and last for three months, will cut the excise from 52.6 cents to half.
The Australian Treasury estimates that this measure will reduce the cost of filling a 65-liter tank by approximately $19.
This step is part of a broader package of measures included in Canberra's new National Fuel Security Plan, which also includes a three-month reduction in heavy vehicle tolls.
Investment in renewable energy projects in the Middle East has jumped by 28 per cent year-on-year according to a new report from Ansarada a mergers and acquisitions (M&A) and infrastructure procurement platform. The 2026 Renewable Energy Infrastructure Outlook Report produced in partnership with Infralogic notes that globally investment in the renewable energy sector has surged to a total of 496B with increasing AI compute demand cited as a key driver of this activity. Investment in renewable energy projects in the Middle East totalled 12.9 billion in 2025 up from 10.1 billion in 2024. Surveying 150 senior executives across APAC EMEA and the Americas the report highlights how the Middle East is establishing itself as a strategic market with 25 per cent of respondents citing the region as a top growth market for renewable energy investment. As Western markets grapple with grid congestion and permitting delays the region s sovereign-ba...
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Investment in renewable energy projects in the Middle East has jumped by 28 per cent, year-on-year, according to a new report from Ansarada, a mergers and acquisitions (M&A) and infrastructure procurement platform.
The 2026 Renewable Energy Infrastructure Outlook Report, produced in partnership with Infralogic, notes that globally, investment in the renewable energy sector has surged to a total of $496B, with increasing AI compute demand cited as a key driver of this activity.
Investment in renewable energy projects in the Middle East totalled $12.9 billion in 2025, up from $10.1 billion in 2024.
Surveying 150 senior executives across APAC, EMEA, and the Americas, the report highlights how the Middle East is establishing itself as a strategic market, with 25 per cent of respondents citing the region as a top growth market for renewable energy investment.
As Western markets grapple with grid congestion and permitting delays, the region's sovereign-ba...
EnergyX a South Korea-founded building energy technology company has secured substantial backing from leading private and public sector institutions in Qatar including Rasmal Ventures and Qatar Development Bank (QDB) among others to support its global acquisition strategy and verticalised deep-technology roll-out. At a time of heightened geopolitical tensions across parts of the Middle East the closing of this transaction reflects sustained investor conviction in the long-term role of Qatar and the Gulf region as a hub for technological development industrial capability and sustainability-driven growth. While the backing amount was not disclosed lead investor Rasmal Ventures described the transaction as one of the largest of its kind in the Mena region and a major milestone for the company s next phase of growth. This investment coincides with a strategic partnership recently announced between Invest Qatar and EnergyX to establish the company s...
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EnergyX, a South Korea-founded building energy technology company, has secured substantial backing from leading private and public sector institutions in Qatar, including Rasmal Ventures and Qatar Development Bank (QDB), among others, to support its global acquisition strategy and verticalised deep-technology roll-out.
At a time of heightened geopolitical tensions across parts of the Middle East, the closing of this transaction reflects sustained investor conviction in the long-term role of Qatar and the Gulf region as a hub for technological development, industrial capability, and sustainability-driven growth.
While the backing amount was not disclosed, lead investor Rasmal Ventures described the transaction as one of the largest of its kind in the Mena region and a major milestone for the company’s next phase of growth.
This investment coincides with a strategic partnership recently announced between Invest Qatar and EnergyX to establish the company’s...
Schneider Electric a global energy technology leader has unveiled new research highlighting a powerful combination of pressures pushing autonomous operations to the top of the agenda for the energies and chemicals sector. The study of 400 senior energy and chemicals executives across 12 countries shows a sharp rise in urgency around autonomy. A third of executives (31.5 per cent) say advancing autonomy is a critical priority in the next five years rising to 44 per cent over a ten-year horizon. Fewer than 5 per cent globally view it as a low priority. Leaders cite strong commercial pressures. They warn that delaying adoption risks higher operating costs (59 per cent) worsening talent shortages (52 per cent) and declining competitiveness (48 per cent). Yet adoption is not without obstacles. Key barriers include high upfront costs (34 per cent) legacy systems (30 per cent) organisational resistance (27 per cent) cybe...
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Schneider Electric, a global energy technology leader, has unveiled new research highlighting a powerful combination of pressures pushing autonomous operations to the top of the agenda for the energies and chemicals sector.
The study of 400 senior energy and chemicals executives across 12 countries shows a sharp rise in urgency around autonomy.
A third of executives (31.5 per cent) say advancing autonomy is a ‘critical’ priority in the next five years, rising to 44 per cent over a ten-year horizon.
Fewer than 5 per cent globally view it as a low priority.
Leaders cite strong commercial pressures. They warn that delaying adoption risks higher operating costs (59 per cent), worsening talent shortages (52 per cent), and declining competitiveness (48 per cent).
Yet adoption is not without obstacles. Key barriers include high upfront costs (34 per cent), legacy systems (30 per cent), organisational resistance (27 per cent), cybe...
TotalEnergies and EDF Group signed a Nuclear Production Allocation Contract (Contrat d Allocation de Production Nucléaire CAPN) for a duration of 12 years starting on January 1 2028. Under this agreement EDF will allocate to TotalEnergies a share of the output of its operating nuclear fleet. This allocation will enable TotalEnergies to cover around 60% of the electricity needs of its refining and chemicals sites in France estimated at 400 MW. This contract will allow TotalEnergies to benefit from the competitiveness of nuclear power generation while enabling EDF to share the risks and costs associated with the variability of this production. EDF will remain solely responsible for the operation of its assets. Patrick Pouyanné Chairman and Chief Executive Officer of TotalEnergies said: I am delighted with this win win agreement the result of constructive dialogue with EDF which will enable our electricity intensive industrial sites in France ...
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TotalEnergies and EDF Group, signed a Nuclear Production Allocation Contract (Contrat d’Allocation de Production Nucléaire – CAPN) for a duration of 12 years, starting on January 1, 2028.
Under this agreement, EDF will allocate to TotalEnergies a share of the output of its operating nuclear fleet.
This allocation will enable TotalEnergies to cover around 60% of the electricity needs of its refining and chemicals sites in France, estimated at 400 MW.
This contract will allow TotalEnergies to benefit from the competitiveness of nuclear power generation, while enabling EDF to share the risks and costs associated with the variability of this production. EDF will remain solely responsible for the operation of its assets.
Patrick Pouyanné, Chairman and Chief Executive Officer of TotalEnergies, said: “I am delighted with this win‑win agreement, the result of constructive dialogue with EDF, which will enable our electricity‑intensive industrial sites in France ...
Qatar National Bank (QNB) said China s economic growth outlook remains broadly resilient despite mounting geopolitical tensions and volatility in global energy markets citing structural factors that mitigate the impact of rising energy prices. In its weekly commentary QNB noted that China s diversified energy mix relatively lower dependence on oil-intensive transportation and sizeable strategic reserves provide a significant buffer against global energy shocks. The bank said these structural advantages position China more favorably than many peer economies to weather current disruptions while sustaining growth close to official targets reported Qatar News Agency. QNB described China s outlook as broadly constructive with economic expansion expected to moderate only slightly. Strong exports resilient domestic demand and ongoing productivity gains are projected to keep growth near the government s 5 per cent target for 2026. However the rep...
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Qatar National Bank (QNB) said China's economic growth outlook remains broadly resilient despite mounting geopolitical tensions and volatility in global energy markets, citing structural factors that mitigate the impact of rising energy prices.
In its weekly commentary, QNB noted that China's diversified energy mix, relatively lower dependence on oil-intensive transportation, and sizeable strategic reserves provide a significant buffer against global energy shocks.
The bank said these structural advantages position China more favorably than many peer economies to weather current disruptions while sustaining growth close to official targets, reported Qatar News Agency.
QNB described China's outlook as broadly constructive, with economic expansion expected to moderate only slightly.
Strong exports, resilient domestic demand, and ongoing productivity gains are projected to keep growth near the government's 5 per cent target for 2026.
However, the rep...
CAN Group and Envizion will collaborate to integrate smart digital twin workflows into inspection integrity and operational processes across complex energy assets. CAN Group brings experience in inspection integrity management and field data capture supported by ENGAGE its data intelligence platform that connects inspection data reporting workflow management and engineering insights. Envizion provides AVA its intelligent digital twin platform designed to visualise structure and connect asset data within a governed digital environment. By combining these capabilities the collaboration focuses on streamlining how inspection and engineering data is managed visualised and utilised within operational workflows helping organisations unlock greater value from data already captured across their assets. Together CAN Group and Envizion aim to support the digitisation of inspection and integrity workflows improve visibility of asset ...
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CAN Group and Envizion will collaborate to integrate smart digital twin workflows into inspection, integrity and operational processes across complex energy assets.
CAN Group brings experience in inspection, integrity management and field data capture, supported by ENGAGE, its data intelligence platform that connects inspection data, reporting, workflow management and engineering insights.
Envizion provides AVA, its intelligent digital twin platform designed to visualise, structure and connect asset data within a governed digital environment.
By combining these capabilities, the collaboration focuses on streamlining how inspection and engineering data is managed, visualised and utilised within operational workflows, helping organisations unlock greater value from data already captured across their assets.
Together, CAN Group and Envizion aim to support the digitisation of inspection and integrity workflows, improve visibility of asset ...
Global energy technology company SLB announced an expansion of its technology collaboration with NVIDIA to design and deploy critical AI infrastructure and models for the energy industry. The work focuses on three strategic elements: Modular design for data centers: SLB will serve as the modular design partner for NVIDIA DSX AI factories. This modular approach where components are manufactured offsite will drive increased quality and reliability while also reducing costs labor constraints and lead times. It also enables rapid and flexible scaling which allows customers to expand data center capacity quickly as demand grows. AI Factory for Energy: SLB will work with NVIDIA to develop an AI Factory for Energy a reference environment powered by domain-specific generative AI models and industrial-scale agentic AI. This will run on SLB s digital platforms to help energy companies scale AI for their data and operations. Accelerated computing for SLB d...
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Global energy technology company SLB announced an expansion of its technology collaboration with NVIDIA to design and deploy critical AI infrastructure and models for the energy industry.
The work focuses on three strategic elements:
Modular design for data centers: SLB will serve as the modular design partner for NVIDIA DSX AI factories. This modular approach, where components are manufactured offsite, will drive increased quality and reliability while also reducing costs, labor constraints and lead times. It also enables rapid and flexible scaling, which allows customers to expand data center capacity quickly as demand grows.
AI Factory for Energy: SLB will work with NVIDIA to develop an “AI Factory for Energy,” a reference environment powered by domain-specific generative AI models and industrial-scale agentic AI. This will run on SLB’s digital platforms to help energy companies scale AI for their data and operations.
Accelerated computing for SLB d...
Supply chains for many of the technologies shaping the emerging Age of Electricity remain highly concentrated in a small number of countries underscoring the importance of strengthening industrial competitiveness and diversification according to a new International Energy Agency (IEA) report released. The report Energy Technology Perspectives 2026 (ETP-2026) is the latest instalment of the IEA s technology publication which examines supply chains for mass-manufactured technologies including electric cars batteries and renewable power equipment. The report finds that the geographical landscape of manufacturing for these technologies of which China holds by far the largest share is unlikely to change significantly before the end of the decade based on committed manufacturing and mining projects and market trends. For the first time the report includes an N-1 supply chain security analysis assessing what would happen if the single largest su...
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Supply chains for many of the technologies shaping the emerging Age of Electricity remain highly concentrated in a small number of countries, underscoring the importance of strengthening industrial competitiveness and diversification, according to a new International Energy Agency (IEA) report released.
The report, Energy Technology Perspectives 2026 (ETP-2026), is the latest instalment of the IEA’s technology publication, which examines supply chains for mass-manufactured technologies including electric cars, batteries and renewable power equipment.
The report finds that the geographical landscape of manufacturing for these technologies – of which China holds by far the largest share – is unlikely to change significantly before the end of the decade, based on committed manufacturing and mining projects and market trends.
For the first time, the report includes an ‘N-1’ supply chain security analysis, assessing what would happen if the single largest su...
Mubadala Energy the Abu Dhabi-headquartered international energy company has announced the award of the Southwest Andaman exploration Production Sharing Contract (PSC) under Indonesia s Gross Split scheme. The block was awarded by Direktorat Jenderal Minyak dan Gas Bumi (DG MIGAS) as part of the Second Bid Round 2025. Mubadala Energy will hold a 100 per cent participating interest and will operate the block. Situated immediately adjacent to Mubadala Energy s existing Andaman acreage the Southwest Andaman block is a strategic addition to the company s Andaman position alongside its South Andaman Central Andaman and Andaman II blocks. The award was the result of a rigorous technical and commercial journey that began with the identification of the Southwest Andaman opportunity in 2022. A Joint Study Agreement (JSA) award was agreed in 2023 and completed in November 2024 following which a bid submission was made in November 202...
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Mubadala Energy, the Abu Dhabi-headquartered international energy company, has announced the award of the Southwest Andaman exploration Production Sharing Contract (PSC) under Indonesia's Gross Split scheme.
The block was awarded by Direktorat Jenderal Minyak dan Gas Bumi (DG MIGAS) as part of the Second Bid Round 2025.
Mubadala Energy will hold a 100 per cent participating interest and will operate the block.
Situated immediately adjacent to Mubadala Energy's existing Andaman acreage, the Southwest Andaman block is a strategic addition to the company's Andaman position alongside its South Andaman, Central Andaman, and Andaman II blocks.
The award was the result of a rigorous technical and commercial journey that began with the identification of the Southwest Andaman opportunity in 2022.
A Joint Study Agreement (JSA) award was agreed in 2023 and completed in November 2024, following which a bid submission was made in November 202...
China launched the first artificial intelligence (AI) platform for data analysis in the energy storage industry China Central Television (CCTV) reported. Based on AI autonomous learning and big data analysis the homegrown platform can detect defects and hazards in various types of new energy storage equipment remotely and in real-time and then automatically generate maintenance plans to address them promptly. The AI platform has now been integrated into eight new energy storage power stations in Guangdong Yunnan Hainan and other regions with over 2.3 million data collection points. p class= MsoNormal ...
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China launched the first artificial intelligence (AI) platform for data analysis in the energy storage industry, China Central Television (CCTV) reported.
Based on AI autonomous learning and big data analysis, the homegrown platform can detect defects and hazards in various types of new energy storage equipment remotely and in real-time, and then automatically generate maintenance plans to address them promptly.
The AI platform
has now been integrated into eight new energy storage power stations in
Guangdong, Yunnan, Hainan and other regions, with over 2.3 million data
collection points.
Abu Dhabi Department of Energy has confirmed the readiness and efficiency of the emirate s energy and water ecosystem following field visits by its senior officials to several of its vital structures across the emirate. Dr Abdulla Humaid Al Jarwan Chairman of the Abu Dhabi Department of Energy and Board Member of Abu Dhabi National Energy Company (Taqa) conducted these inspection tours of these utility facilities accompanied by Eng Ahmed Mohammed Al Rumaithi Undersecretary of the Department of Energy and Abdulaziz Mohammed Alhammadi Director General of Regulatory Affairs at the Department of Energy along with a number of senior Taqa officials including Group CEO and Managing Director Jasim Husain Thabet and Generation Business CEO Farid Al Awlaqi. The visit included tours of a number of vital stations and projects as well as control rooms and operating facilities where His Excellency reviewed operational processes production management mechanisms and the l...
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Abu Dhabi Department of Energy has confirmed the readiness and efficiency of the emirate's energy and water ecosystem following field visits by its senior officials to several of its vital structures across the emirate.
Dr Abdulla Humaid Al Jarwan, Chairman of the Abu Dhabi Department of Energy and Board Member of Abu Dhabi National Energy Company (Taqa) conducted these inspection tours of these utility facilities accompanied by Eng Ahmed Mohammed Al Rumaithi, Undersecretary of the Department of Energy, and Abdulaziz Mohammed Alhammadi, Director General of Regulatory Affairs at the Department of Energy, along with a number of senior Taqa officials including Group CEO and Managing Director Jasim Husain Thabet and Generation Business CEO Farid Al Awlaqi.
The visit included tours of a number of vital stations and projects, as well as control rooms and operating facilities, where His Excellency reviewed operational processes, production management mechanisms, and the l...
Benchmark Brent oil prices jumped above 119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel s strike on its South Pars gas field a major escalation in the war. Brent futures were up 6.02 or 5.6% at 113.40 a barrel by 1237 GMT. Earlier in the session Brent had climbed more than 11 to a high of 119.13 close to the three-and-a-half-year peak touched on March 9. US West Texas Intermediate crude was up 7 cents or 0.1% at 96.39 a barrel after earlier gaining almost 4 to trade at 100.02. WTI has been trading at its widest discount to Brent in 11 years. Meanwhile Middle East benchmark Dubai and Oman premiums hit all-time highs at about 65 per barrel according to trade sources and Reuters data. The US central bank held interest rates steady on Wednesday projecting higher inflation as policymakers take stock of the impact of the war. US President Donald Trump s administration is keen to ...
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Benchmark Brent oil prices jumped above $119 a barrel on Thursday after Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war.
Brent futures were up $6.02, or 5.6%, at $113.40 a barrel by 1237 GMT. Earlier in the session, Brent had climbed more than $11 to a high of $119.13, close to the three-and-a-half-year peak touched on March 9.
US West Texas Intermediate crude was up 7 cents, or 0.1%, at $96.39 a barrel, after earlier gaining almost $4 to trade at $100.02. WTI has been trading at its widest discount to Brent in 11 years.
Meanwhile, Middle East benchmark Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data.
The US central bank held interest rates steady on Wednesday, projecting higher inflation as policymakers take stock of the impact of the war.
US President Donald Trump's administration is keen to ...
Genixgreen a leading energy storage provider has launched a comprehensive portfolio of high-voltage storage systems designed to address South Africa s unique energy challenges including high electricity costs grid instability and frequent load shedding. The South African central bank estimates that six-stage power rationing in early 2025 could cost the economy up to 899 million rand (approximately 49 million) daily highlighting the urgent need for reliable storage solutions. Central to the launch is the HV-BOX5-768 a flexible 51.2V/314Ah stackable system with smart BMS 2A active balancing and parallel expansion up to six clusters. The Tower-HV series supports MWh-scale projects with 768V and 1331V batteries smart 3-level BMS and 1% precision monitoring suitable for mines factories and containerised storage. The product lineup also includes Tower-X-HV for residential and commercial applications outdoor all-in-one cabinets and...
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Genixgreen, a leading energy storage provider, has launched a comprehensive portfolio of high-voltage storage systems designed to address South Africa’s unique energy challenges, including high electricity costs, grid instability, and frequent load shedding.
The South African central bank estimates that six-stage power rationing in early 2025 could cost the economy up to 899 million rand (approximately $49 million) daily, highlighting the urgent need for reliable storage solutions.
Central to the launch is the HV-BOX5-768, a flexible 51.2V/314Ah stackable system with smart BMS, 2A active balancing, and parallel expansion up to six clusters.
The Tower-HV series supports MWh-scale projects with 768V and 1331V batteries, smart 3-level BMS, and 1% precision monitoring, suitable for mines, factories, and containerised storage.
The product lineup also includes Tower-X-HV for residential and commercial applications, outdoor all-in-one cabinets, and...
Adnec Group a unit of Abu Dhabi group Modon has announced a strategic partnership with Emirates Water and Electricity Company (Ewec) a leading company in the integrated co-ordination of planning purchasing supply and system despatch services for water and electricity across the UAE to power Adnec Centre Al Ain with renewable and clean energy. Hosting over 500 events annually the venue will now operate entirely on clean energy resulting in zero carbon emissions from its energy use. Following this agreement all four of Adnec Group s event venues including the Adnec Centre Abu Dhabi Adnec Centre Al Ain ExCeL London and the Business Design Centre are now powered entirely by clean and renewable energy. This milestone highlights Adnec Group s commitment to sustainability and its goal of achieving net zero carbon events by 2045. The agreement was signed by Humaid Al Dhaheri Group Chief Executive Officer of Adnec Group and Ahmed Ali Alshamsi ...
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Adnec Group, a unit of Abu Dhabi group Modon has announced a strategic partnership with Emirates Water and Electricity Company (Ewec), a leading company in the integrated co-ordination of planning, purchasing, supply and system despatch services for water and electricity across the UAE, to power Adnec Centre Al Ain with renewable and clean energy.
Hosting over 500 events annually, the venue will now operate entirely on clean energy, resulting in zero carbon emissions from its energy use.
Following this agreement, all four of Adnec Group’s event venues including the Adnec Centre Abu Dhabi, Adnec Centre Al Ain, ExCeL London and the Business Design Centre, are now powered entirely by clean and renewable energy.
This milestone highlights Adnec Group’s commitment to sustainability and its goal of achieving net zero carbon events by 2045.
The agreement was signed by Humaid Al Dhaheri, Group Chief Executive Officer of Adnec Group, and Ahmed Ali Alshamsi,...
Saudi Energy a leading electricity producer in the kingdom has invited bids for a key power infrastructure project as part of the upcoming Expo 2030 Riyadh. The tender covers the development of three 132/13.8kV substations along with associated works to interconnect the facilities with the national electricity grid. It forms part of the broader infrastructure program aimed at ensuring reliable power supply for the large-scale international event. The planned substations will support the electricity demand of the Expo site and surrounding developments strengthening the transmission and distribution network in the host city of Riyadh. Expo 2030 Riyadh is expected to drive significant infrastructure investments across power transport and utilities as the Kingdom prepares to host millions of visitors during the global exhibition. The new substations will play a key role in enhancing grid capacity and operational reliability for the event and future ur...
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Saudi Energy, a leading electricity producer in the kingdom, has invited bids for a key power infrastructure project as part of the upcoming Expo 2030 Riyadh.
The tender covers the development of three 132/13.8kV substations, along with associated works to interconnect the facilities with the national electricity grid.
It forms part of the broader infrastructure program aimed at ensuring reliable power supply for the large-scale international event.
The planned substations will support the electricity demand of the Expo site and surrounding developments, strengthening the transmission and distribution network in the host city of Riyadh.
Expo 2030 Riyadh is expected to drive significant infrastructure investments across power, transport, and utilities as the Kingdom prepares to host millions of visitors during the global exhibition. The new substations will play a key role in enhancing grid capacity and operational reliability for the event and future ur...
Oman s of Energy and Minerals has launched the second edition of the Majd Award for Local Content. This initiative comes within the framework of the Majd programme which aims to enhance local content in the energy and minerals sectors and encourage companies and institutions to adopt initiatives that support the national economy and boost the competitiveness of vital sectors in alignment with the targets of Oman Vision 2040 rpeorted Oman News Agency. The launch of the award is part of the Ministry s ongoing efforts to strengthen the local content ecosystem in the energy and minerals sectors. It seeks to empower national companies and local supply chains and encourage innovation and investment in both industrial and human capacities thereby contributing to sustainable economic development in Oman. span style= font-size: 13px;...
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Oman’s of Energy and Minerals has launched the second edition of the "Majd" Award for Local Content.
This initiative comes within the framework of the "Majd" programme, which aims to enhance local content in the energy and minerals sectors, and encourage companies and institutions to adopt initiatives that support the national economy and boost the competitiveness of vital sectors, in alignment with the targets of Oman Vision 2040, rpeorted Oman News Agency.
The launch of the award is part of the Ministry's ongoing efforts to strengthen the local content ecosystem in the energy and minerals sectors.
It seeks to empower national companies and local supply chains, and encourage innovation and investment in both industrial and human capacities, thereby contributing to sustainable economic development in Oman.
The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets holding 32.7% of global oil reserves and 21.2% of global natural gas reserves supported by a broad base of natural resources advanced infrastructure and accumulated expertise in managing this vital sector according to a report by GCC Statistical Centre (GCC Stat). Data issued by GCC Stat indicate that the Gulf energy strategy was no longer limited to production and export alone; it has increasingly shifted toward more comprehensive approaches based on diversifying energy sources enhancing production efficiency and expanding renewable energy projects. The data released by the GCC Statistical Centre provide an analytical overview of the performance of the energy sector in the region. The value addition of the Gulf oil sector at current market prices reached about 561.2 billion in 2024 contributing 24% to GDP while the value added at co...
GCC countries boost global position in energy sector, says report
The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets, holding 32.7% of global oil reserves and 21.2% of global natural gas reserves, supported by a broad base of natural resources, advanced infrastructure and accumulated expertise in managing this vital sector, according to a report by GCC Statistical Centre (GCC Stat).
Data issued by GCC Stat indicate that the Gulf energy strategy was no longer limited to production and export alone; it has increasingly shifted toward more comprehensive approaches based on diversifying energy sources, enhancing production efficiency, and expanding renewable energy projects.
The data released by the GCC Statistical Centre provide an analytical overview of the performance of the energy sector in the region.
The value addition of the Gulf oil sector at current market prices reached about $561.2 billion in 2024, contributing 24% to GDP, while the value added at co...
The Middle East conflict is causing an energy-led supply chain shock with very different effects around the world even as market pricing suggests weeks of disruptions not days or months said experts at BlackRock Investment Institute. That s why long-term Treasury yields have edged up defying their role as a haven. There s a risk of a stagflationary shock but it s not a given as market pricing indicates. We stay underweight long-term Treasuries and favor US stocks. The conflict is upending recent trends and well-established relationships in global markets. International equities had walloped US stocks until the bombing on Iran driven largely by AI-related disruption fears in industries the US is exposed to. Prices of liquified natural gas (LNG) showed similar trends rocketing upward in regions that rely heavily on imports such as Europe and staying mostly put in the US Long-term Treasury yields jumped even as stocks pulled back showing their supposed d...
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The Middle East conflict is causing an energy-led supply chain shock, with very different effects around the world even as market pricing suggests weeks of disruptions, not days or months, said experts at BlackRock Investment Institute.
That’s why long-term Treasury yields have edged up, defying their role as a haven. There’s a risk of a stagflationary shock but it’s not a given, as market pricing indicates. We stay underweight long-term Treasuries and favor US stocks.
The conflict is upending recent trends and well-established relationships in global markets. International equities had walloped US stocks until the bombing on Iran, driven largely by AI-related disruption fears in industries the US is exposed to.
Prices of liquified natural gas (LNG) showed similar trends, rocketing upward in regions that rely heavily on imports such as Europe and staying mostly put in the US Long-term Treasury yields jumped even as stocks pulled back, showing their supposed d...
The Arab Energy Fund a leading multilateral impact financial institution achieved its fourth consecutive year of record net income in 2025 supported by sustained balance sheet growth strong funding activity disciplined cost management and continued portfolio optimisation across business lines. Net income increased to 282.4 million in 2025 compared to 265.7 million in 2024. Excluding the one-off gain from the 2024 property sale net income rose by 18% year-on-year from a normalised base of 239.6m in 2024. Total assets grew by 23% YoY to a record 13.4 billion (2024: 10.9 billion) reflecting strong asset build-up momentum across Corporate Banking Investments and Treasury. Khalid Al-Ruwaigh Chief Executive Officer The Arab Energy Fund said: Our financial results reflect the strength and resilience of The Arab Energy Fund s diversified business model. Achieving our fourth consecutive year of record net income supported by a strong balance sheet und...
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The Arab Energy Fund, a leading multilateral impact financial institution, achieved its fourth consecutive year of record net income in 2025, supported by sustained balance sheet growth, strong funding activity, disciplined cost management, and continued portfolio optimisation across business lines.
Net income increased to $282.4 million in 2025, compared to $265.7 million in 2024. Excluding the one-off gain from the 2024 property sale, net income rose by 18% year-on-year, from a normalised base of $239.6m in 2024.
Total assets grew by 23% YoY to a record $13.4 billion (2024: $10.9 billion), reflecting strong asset build-up momentum across Corporate Banking, Investments, and Treasury.
Khalid Al-Ruwaigh, Chief Executive Officer, The Arab Energy Fund, said: “Our financial results reflect the strength and resilience of The Arab Energy Fund’s diversified business model. Achieving our fourth consecutive year of record net income, supported by a strong balance sheet, und...
Following the ongoing Middle East tension leading industry event - Middle East Energy Dubai 2026 - which was scheduled to be held next month at the Dubai World Trade Centre - has been postponed to September. The exhibition is the region s leading platform for the energy sector enabling organisations to compare solutions engage directly with suppliers and accelerate project progress. It is hosting its 50th edition this year which will now be held from September 1 to 3. It attracts exhibitors from around the world alongside broad participation from senior officials and decision-makers.- TradeArabia News Service ...
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Following the ongoing Middle East tension, leading industry event - Middle East Energy Dubai 2026 - which was scheduled to be held next month at the Dubai World Trade Centre - has been postponed to September.
The exhibition is the region’s leading platform for the energy sector, enabling organisations to compare solutions, engage directly with suppliers, and accelerate project progress. It is hosting its 50th edition this year which will now be held from September 1 to 3.
It attracts exhibitors from around the world, alongside broad participation from senior officials and decision-makers.-TradeArabia News Service
South Africa has endorsed the declaration to triple global nuclear energy capacity by 2050 joining 33 nations committed to expanding nuclear energy s role in delivering clean secure and affordable energy systems. South Africa s participation underscores the country s longstanding recognition of nuclear energy as a vital part of its energy mix. As the only nation on the African continent with existing commercial nuclear generation the decision signals strong continental leadership and renewed ambition for expanding clean baseload power. Dr Sama León Director General of World Nuclear Association welcomed the decision noting that South Africa s commitment adds tremendous momentum to the global effort and sends a powerful signal of leadership across Africa and internationally. She highlighted that nuclear energy can play an essential role in improving energy access strengthening security and meeting global climate objectives. /...
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South Africa has endorsed the declaration to triple global nuclear energy capacity by 2050, joining 33 nations committed to expanding nuclear energy’s role in delivering clean, secure, and affordable energy systems.
South Africa’s participation underscores the country’s longstanding recognition of nuclear energy as a vital part of its energy mix.
As the only nation on the African continent with existing commercial nuclear generation, the decision signals strong continental leadership and renewed ambition for expanding clean baseload power.
Dr Sama León, Director General of World Nuclear Association, welcomed the decision, noting that South Africa’s commitment “adds tremendous momentum to the global effort” and sends a powerful signal of leadership across Africa and internationally.
She highlighted that nuclear energy can play an essential role in improving energy access, strengthening security, and meeting global climate objectives.
Forum Energy Technologies (FET) has secured a contract from long-term client DOF to supply four of its remotely operated vehicles (ROVs) the XLX EVO III. The agreement signed in August 2025 schedules deliveries in April June July and August 2026 with the first two vehicles set to be mobilised in Singapore. The order continues a long-standing partnership between the two companies. Since 2008 DOF has purchased more than 60 ROVs from FET highlighting the strategic importance of their collaboration in subsea operations. The XLX EVO III represents FET s latest ultra-heavy-duty subsea technology. Designed for a wide range of underwater tasks at depths of up to 3 000 metres the vehicles feature 420 mm diameter thrusters for enhanced performance and an improved buoyancy package capable of supporting over 500 kg of unladen payload. The system also includes updated pilot chairs new control consoles and FET s next-generation ICE Unity c...
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Forum Energy Technologies (FET) has secured a contract from long-term client DOF to supply four of its remotely operated vehicles (ROVs), the XLX EVO III.
The agreement, signed in August 2025, schedules deliveries in April, June, July and August 2026, with the first two vehicles set to be mobilised in Singapore.
The order continues a long-standing partnership between the two companies.
Since 2008, DOF has purchased more than 60 ROVs from FET, highlighting the strategic importance of their collaboration in subsea operations.
The XLX EVO III represents FET’s latest ultra-heavy-duty subsea technology. Designed for a wide range of underwater tasks at depths of up to 3,000 metres, the vehicles feature 420 mm diameter thrusters for enhanced performance and an improved buoyancy package capable of supporting over 500 kg of unladen payload.
The system also includes updated pilot chairs, new control consoles and FET’s next-generation ICE Unity c...
VITO Energy Engineering and Construction Co has recently commenced the execution of a multi-disciplinary construction scope within the North Field expansion project in Qatar. The RLTO Expansion and Off-Plot Facilities of the North Field Expansion Project (EPC-3) NFS CLLNG Balance of Plant (BoP) Project in Qatar was awarded to the company with execution duration of 21 months by QatarEnergy with Técnicas Reunidas SA acting as the EPC contractor. Under the awarded scope with approximate project value 200 million VITO is responsible for a range of construction activities including piping prefabrication and erection steel structure module erection equipment erection electrical and instrumentation works painting heat insulation. Main quantities are as below: - Steel Structure : 3 100 ton - Module Erection span style= white-space...
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VITO Energy Engineering and Construction Co has recently commenced the execution of a multi-disciplinary construction scope within the North Field expansion project in Qatar.
The RLTO Expansion and Off-Plot Facilities of the North Field Expansion Project (EPC-3) – NFS CLLNG Balance of Plant (BoP) Project in Qatar was awarded to the company with execution duration of 21 months by QatarEnergy, with Técnicas Reunidas, SA acting as the EPC contractor.
Under the awarded scope, with approximate project value $200 million, VITO is responsible for a range of construction activities including piping prefabrication and erection, steel structure, module erection, equipment erection, electrical and instrumentation works, painting, heat insulation.
Main quantities are as below:
- Steel Structure : 3,100 ton
- Module Erection
Saudi Energy (formerly Saudi Electricity) announced its financial results for the year 2025 delivering strong financial and operational performance with sustainable earnings growth. Operating revenues for 2025 reached SAR 102.2 billion ( 27 billion) compared to SAR 88.7 billion in the previous year representing growth of 15.3 per cent. Revenue growth was primarily driven by higher required revenue recognised due to strong growth in the grid s regulated asset base and coupled with stronger demand for electric power leading to increased electricity production revenue for SE these in addition to continued expansion in the subscribers base. Gross profit grew by 18.9 per cent to SAR 20.8 billion compared to SAR 17.5 billion in the previous year reflecting improved operational efficiency and a stronger revenue mix with gross profit growth outpacing revenue growth. Operating profit rose by 62.1 per cent to SAR 19.1 billion benefiting from revenu...
Saudi Energy reports highest-ever operating revenues of $27bn
Saudi Energy (formerly Saudi Electricity) announced its financial results for the year 2025, delivering strong financial and operational performance with sustainable earnings growth.
Operating revenues for 2025 reached SAR 102.2 billion ($27 billion), compared to SAR 88.7 billion in the previous year, representing growth of 15.3 per cent.
Revenue growth was primarily driven by higher required revenue recognised due to strong growth in the grid's regulated asset base and coupled with stronger demand for electric power leading to increased electricity production revenue for SE, these in addition to continued expansion in the subscribers’ base.
Gross profit grew by 18.9 per cent to SAR 20.8 billion, compared to SAR 17.5 billion in the previous year, reflecting improved operational efficiency and a stronger revenue mix, with gross profit growth outpacing revenue growth.
Operating profit rose by 62.1 per cent to SAR 19.1 billion, benefiting from revenu...
A sharp escalation in the Middle East conflict has triggered unprecedented disruptions across the region s energy industry with QatarEnergy announcing a halt to liquefied natural gas (LNG) production. Earlier Saudi Arabia s state oil giant Saudi Aramco suspended its Ras Tanura refinery output following attacks by Iran. QatarEnergy said it has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City. QatarEnergy is the operator of the world s largest LNG export facilities at Ras Laffan. The halt a rare and serious interruption from a country supplying nearly 20% of global LNG has sent shockwaves through global energy markets threatening supply to Asia and Europe and pushing gas prices sharply higher. Industry sources say authorities are still assessing the extent of the damage at Ras Laffan and exports have been...
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A sharp escalation in the Middle East conflict has triggered unprecedented disruptions across the region’s energy industry, with QatarEnergy announcing a halt to liquefied natural gas (LNG) production.
Earlier, Saudi Arabia’s state oil giant Saudi Aramco suspended its Ras Tanura refinery output following attacks by Iran.
QatarEnergy said it has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City.
QatarEnergy is the operator of the world’s largest LNG export facilities at Ras Laffan.
The halt — a rare and serious interruption from a country supplying nearly 20% of global LNG — has sent shockwaves through global energy markets, threatening supply to Asia and Europe and pushing gas prices sharply higher.
Industry sources say authorities are still assessing the extent of the damage at Ras Laffan, and exports have been...
In the early months of 2026 two milestones taking shape simultaneously in the Kingdom of Saudi Arabia encapsulate with unusual clarity the strategic logic that has come to define the country s energy posture. At Jafurah in the Eastern Province the world s largest shale gas project outside the US has begun delivering its first condensate cargoes to Asian buyers with Phase 1 of the gas plant now producing 450 million cu ft per day (mmscfd) and on a trajectory to reach two billion cu ft per day (bcfd) of sales gas by 2030. The programme represents a total lifecycle investment exceeding 100 billion. Hundreds of kilometres to the north-west at Oxagon in the NEOM development zone the 8.4-billion NEOM Green Hydrogen Company (NGHC) complex has crossed 90 per cent construction completion across all project sites with its 4 GW of combined solar and wind generation infrastructure scheduled for completion by mid-2026 and first green ammonia exports targeted for 2027. /...
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In the early months of 2026, two milestones taking shape simultaneously in the Kingdom of Saudi Arabia encapsulate with unusual clarity the strategic logic that has come to define the country’s energy posture.
At Jafurah in the Eastern Province, the world’s largest shale gas project outside the US has begun delivering its first condensate cargoes to Asian buyers, with Phase 1 of the gas plant now producing 450 million cu ft per day (mmscfd) and on a trajectory to reach two billion cu ft per day (bcfd) of sales gas by 2030.
The programme represents a total lifecycle investment exceeding $100 billion.
Hundreds of kilometres to the north-west, at Oxagon in the NEOM development zone, the $8.4-billion NEOM Green Hydrogen Company (NGHC) complex has crossed 90 per cent construction completion across all project sites, with its 4 GW of combined solar and wind generation infrastructure scheduled for completion by mid-2026 and first green ammonia exports targeted for 2027.
Saudi Electricity Company has launched its new corporate identity and announced its official rebranding as Saudi Energy (SE) in a move that reflects the company s expanding role within the Kingdom s energy ecosystem and aligns with the structural transformation underway in Saudi Arabia s energy sector. The step supports the company s efforts to enhance energy supply security and grid reliability in line with the objectives of Vision 2030. Chief Executive Officer of Saudi Energy Eng Khalid Al-Ghamdi said the transformation builds on financial regulatory and structural reforms implemented in the electricity sector since 2020 under the Ministerial Committee for the Restructuring of the Electricity Sector chaired by Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz to achieve the sector s objectives and improve service quality for consumers. Al-Ghamdi emphasised that the new identity draws on the company s established legacy marks a new chapter in ...
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Saudi Electricity Company has launched its new corporate identity and announced its official rebranding as Saudi Energy (SE), in a move that reflects the company’s expanding role within the Kingdom’s energy ecosystem and aligns with the structural transformation underway in Saudi Arabia's energy sector.
The step supports the company’s efforts to enhance energy supply security and grid reliability in line with the objectives of Vision 2030.
Chief Executive Officer of Saudi Energy Eng Khalid Al-Ghamdi said the transformation builds on financial, regulatory and structural reforms implemented in the electricity sector since 2020 under the Ministerial Committee for the Restructuring of the Electricity Sector, chaired by Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz to achieve the sector’s objectives and improve service quality for consumers.
Al-Ghamdi emphasised that the new identity draws on the company’s established legacy, marks a new chapter in ...
The Saudi capital will host an unprecedented concentration of global energy dialogue this April as Energy Week in Riyadh convenes ministers policymakers industry leaders investors and technical experts for a coordinated series of high-level meetings and strategic forums. Taking place from April 26 to 30 Energy Week in Riyadh aligns major international and regional platforms within a single week creating a structured environment for policy dialogue market exchange and cross-sector collaboration at a pivotal moment for the global energy system. In tandem the 25th WPC Energy Congress will be held in the Kingdom for the first time in its 93-year history. Under the theme Pathways to an Energy Future for All the Congress is expected to welcome more than 25 000 participants from over 100 countries to examine secure inclusive and sustainable energy pathways shaped by regional realities and global cooperation. Confirmed components of Energy Week in Ri...
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The Saudi capital will host an unprecedented concentration of global energy dialogue this April as Energy Week in Riyadh convenes ministers, policymakers, industry leaders, investors and technical experts for a coordinated series of high-level meetings and strategic forums.
Taking place from April 26 to 30, Energy Week in Riyadh aligns major international and regional platforms within a single week, creating a structured environment for policy dialogue, market exchange and cross-sector collaboration at a pivotal moment for the global energy system.
In tandem, the 25th WPC Energy Congress will be held in the Kingdom for the first time in its 93-year history.
Under the theme 'Pathways to an Energy Future for All,' the Congress is expected to welcome more than 25,000 participants from over 100 countries to examine secure, inclusive and sustainable energy pathways shaped by regional realities and global cooperation.
Confirmed components of Energy Week in Ri...
PureHealth the largest healthcare group in the Middle East and Yellow Door Energy the leading sustainable energy partner for businesses in the Middle East and South Africa have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE. The 25-year agreement strengthens operational efficiency improves long-term cost predictability and embeds sustainability into long-term asset planning. The on-site solar power plants are expected to generate approximately 23.5 million kilowatt-hours (kWh) of clean electricity annually equal to reducing carbon emissions by 7 200 metric tons to further align with the UAE s national Net Zero by 2050 Strategy. Leya Al Damani Chief Sustainability Officer at PureHealth said: This partnership sets a new benchmark for sustainable healthcare and reflects our responsibility to reduce the healthcare sector s environmental footprint. By combining resilient infrastructure and ...
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PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
The 25-year agreement strengthens operational efficiency, improves long-term cost predictability and embeds sustainability into long-term asset planning.
The on-site solar power plants are expected to generate approximately 23.5 million kilowatt-hours (kWh) of clean electricity annually – equal to reducing carbon emissions by 7,200 metric tons – to further align with the UAE’s national Net Zero by 2050 Strategy.
Leya Al Damani, Chief Sustainability Officer at PureHealth, said: "This partnership sets a new benchmark for sustainable healthcare and reflects our responsibility to reduce the healthcare sector’s environmental footprint. By combining resilient infrastructure and ...
Achema Middle East will debut from October 26 28 2026 at the Riyadh International Convention & Exhibition Centre (RICEC) in Riyadh under the patronage of the Saudi Ministry of Industry and Mineral Resources and with the support of ASAS. As Saudi Arabia advances large-scale industrial and energy transition projects including a carbon capture hub in Jubail designed to capture up to 9 million tonnes of carbon per year by 2028 and the 8.4 billion NEOM Green Hydrogen project targeting the production of 600 tonnes per day of clean hydrogen by 2027 the region s process industries are entering a phase defined by system integration decarbonisation and advanced manufacturing. The event introduces Achema s century-long expertise in chemical engineering process technology and applied industrial science to a region experiencing rapid industrial diversification and downstream expansion. For over 100 years Achema has served as a global benchmark for the chemical ...
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Achema Middle East will debut from October 26–28, 2026 at the Riyadh International Convention & Exhibition Centre (RICEC) in Riyadh, under the patronage of the Saudi Ministry of Industry and Mineral Resources and with the support of ASAS.
As Saudi Arabia advances large-scale industrial and energy transition projects — including a carbon capture hub in Jubail designed to capture up to 9 million tonnes of carbon per year by 2028, and the $8.4 billion NEOM Green Hydrogen project targeting the production of 600 tonnes per day of clean hydrogen by 2027 — the region’s process industries are entering a phase defined by system integration, decarbonisation, and advanced manufacturing.
The event introduces Achema’s century-long expertise in chemical engineering, process technology, and applied industrial science to a region experiencing rapid industrial diversification and downstream expansion.
For over 100 years, Achema has served as a global benchmark for the chemical,...
China s green energy transition accelerated in 2025 as new official data showed a rise in clean energy sales revenue. According to China Central Television (CCTV) analysis of big data from the State Taxation Administration indicates that in 2025 sales revenue from clean energy including wind power solar power hydropower and nuclear power accounted for 42.6 percent of total sales revenue. The figure is up 7.2 percentage points compared to the end of the 13th Five-Year Plan period (2016-2020). ...
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China's green energy transition accelerated in 2025, as new official data showed a rise in clean energy sales revenue.
According to China
Central Television (CCTV), analysis of big data from the State Taxation
Administration indicates that in 2025, sales revenue from clean energy,
including wind power, solar power, hydropower, and nuclear power, accounted for
42.6 percent of total sales revenue.
The figure is up 7.2
percentage points compared to the end of the 13th Five-Year Plan period
(2016-2020).
QatarEnergy celebrated the graduation of a new group of Qatari nationals who have completed their academic studies and vocational program me s and have joined QatarEnergy and other energy sector companies. The energy sector graduates have commenced working with QatarEnergy QatarEnergy LNG North Oil Company ORYX GTL Qatar Fertiliser Company (QAFCO) Qatar Petrochemical Company (QAPCO) Qatar Chemical Company (Q-Chem) Shell Qatar Dolphin Energy and Woqod. Saad Al-Kaabi the Minister of State for Energy Affairs the President and CEO of QatarEnergy congratulated the graduates on this achievement and encouraged them to seize this unique opportunity to achieve greater personal and professional growth and success. H e said to the graduates: You are the future and this is your ...
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QatarEnergy celebrated the graduation of a new group of Qatari nationals who have completed their academic studies and vocational programmes and have joined QatarEnergy and other energy sector companies.
The energy sector
graduates have commenced working with QatarEnergy, QatarEnergy LNG, North Oil
Company, ORYX GTL, Qatar Fertiliser Company (QAFCO), Qatar Petrochemical
Company (QAPCO), Qatar Chemical Company (Q-Chem), Shell Qatar, Dolphin Energy,
and Woqod.
Saad Al-Kaabi, the
Minister of State for Energy Affairs, the President and CEO of QatarEnergy,
congratulated the graduates on this achievement and encouraged them to seize
this unique opportunity to achieve greater personal and professional growth and
success.
He said to the graduates: “You are the future, and this is your ...
Saudi Arabia s Ministry of Energy has reiterated that all activities involving petroleum and petrochemical materials must obtain the necessary licences from the ministry. This procedure aligns with the Law of Petroleum and Petrochemical Products issued by Royal Decree No. (M/139) dated January 12 2025 which replaces the Law of Trade in Petroleum Products said Saudi Press Agency report. The ministry stated the new law aims to ensure the security and reliability of petroleum and petrochemical supplies. It also seeks to strengthen oversight of sector operations raise compliance levels and curb violations thereby maximizing the value of raw materials and advancing them to higher stages of production. The law protects the interests of consumers and licensed operators and supports the energy objectives of Saudi Vision 2030. Key activities covered by the licensing requirement include sales and purchasing transportation storage usage impor...
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Saudi Arabia's Ministry of Energy has reiterated that all activities involving petroleum and petrochemical materials must obtain the necessary licences from the ministry.
This procedure aligns with the Law of Petroleum and Petrochemical Products issued by Royal Decree No. (M/139) dated January 12, 2025, which replaces the Law of Trade in Petroleum Products, said Saudi Press Agency report.
The ministry stated the new law aims to ensure the security and reliability of petroleum and petrochemical supplies. It also seeks to strengthen oversight of sector operations, raise compliance levels, and curb violations, thereby maximizing the value of raw materials and advancing them to higher stages of production.
The law protects the interests of consumers and licensed operators and supports the energy objectives of Saudi Vision 2030.
Key activities covered by the licensing requirement include sales and purchasing, transportation, storage, usage, impor...
A wide range of cutting-edge Air Traffic Management (ATM) and Air Traffic Control (ATC) solutions for the Air Navigation Services Providers (ANSPs) and airport operators will be showcased at the 25th edition of the Airport Show at the Dubai World Trade Centre (DWTC) from May 12 to 14 2026. More than 150 exhibitors from over 30 countries are set to participate in the show which is set to attract more than 7 000 visitors from over 30 countries during its three-day run in addition to 120 hosted buyers. To be held under the patronage of Sheikh Ahmed bin Saeed Al Maktoum President of Dubai Civil Aviation Authority Chairman of Dubai Airports Chairman and Chief Executive of Emirates Airline and Group the leading airport industry s B2B platform will have co-located conferences - Global Airport Leaders Forum (GALF) Airport Security Middle East Air Traffic Control (ATC) Forum and Women in Aviation (WIA) Middle East Conference. This year s ATC For...
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A wide range of cutting-edge Air Traffic Management (ATM) and Air Traffic Control (ATC) solutions for the Air Navigation Services Providers (ANSPs) and airport operators will be showcased at the 25th edition of the Airport Show at the Dubai World Trade Centre (DWTC) from May 12 to 14, 2026.
More than 150 exhibitors from over 30 countries are set to participate in the show, which is set to attract more than 7,000 visitors from over 30 countries during its three-day run, in addition to 120 hosted buyers.
To be held under the patronage of Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group, the leading airport industry’s B2B platform will have co-located conferences - Global Airport Leaders’ Forum (GALF), Airport Security Middle East, Air Traffic Control (ATC) Forum, and Women in Aviation (WIA) Middle East Conference. This year’s ATC For...
DNV has launched its Industrial Services unit evolving its inspection business into a dedicated global provider of quality assurance and inspection services for energy infrastructure and complex industrial supply chains. The move reflects growing demand from customers navigating increasingly complex energy transition projects expanding infrastructure investment and more stringent quality and compliance requirements worldwide the company said. The new name signals a broader industrial focus spanning traditional energy renewables power transmission hydrogen carbon capture rail and industrial manufacturing and positions the business to support customers across the full asset lifecycle from fabrication and construction through to operations and in-service performance. Mohamed Houari CEO of Industrial Services at DNV said: Industrial assets today are larger more interconnected and more critical to society than ever before. At the same time regulatory sc...
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DNV has launched its Industrial Services unit, evolving its inspection business into a dedicated global provider of quality assurance and inspection services for energy, infrastructure and complex industrial supply chains.
The move reflects growing demand from customers navigating increasingly complex energy transition projects, expanding infrastructure investment and more stringent quality and compliance requirements worldwide, the company said.
The new name signals a broader industrial focus, spanning traditional energy, renewables, power transmission, hydrogen, carbon capture, rail and industrial manufacturing, and positions the business to support customers across the full asset lifecycle, from fabrication and construction through to operations and in-service performance.
Mohamed Houari, CEO of Industrial Services at DNV, said: “Industrial assets today are larger, more interconnected and more critical to society than ever before. At the same time, regulatory sc...
Celeros Flow Technology (Celeros FT) has signed a Corporate Procurement Agreement (CPA) with Aramco marking a key milestone in the two companies strategic partnership. The CPA establishes a long-term framework to support Aramco s existing operations and future projects with a strong focus on the local manufacturing of key pumps and midstream pipeline solutions that are essential for a safe reliable and efficient energy infrastructure across the Kingdom. A central element of the agreement is the expansion of local manufacturing capabilities for key pumps from the ClydeUnion Pumps Plenty and S&N Pumps brands and midstream flow solutions from the M&J Valve Copes Vulcan and GD Engineering brands which will help support Aramco s pipeline networks terminals and processing facilities. These solutions play an important role in ensuring operational continuity asset integrity and efficiency across upstream midstream and downstream operations. /p...
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Celeros Flow Technology (Celeros FT) has signed a Corporate Procurement Agreement (CPA) with Aramco, marking a key milestone in the two companies’ strategic partnership.
The CPA establishes a long-term framework to support Aramco’s existing operations and future projects, with a strong focus on the local manufacturing of key pumps and midstream pipeline solutions that are essential for a safe, reliable, and efficient energy infrastructure across the Kingdom.
A central element of the agreement is the expansion of local manufacturing capabilities for key pumps from the ClydeUnion Pumps, Plenty, and S&N Pumps brands and midstream flow solutions from the M&J Valve, Copes Vulcan, and GD Engineering brands, which will help support Aramco’s pipeline networks, terminals, and processing facilities. These solutions play an important role in ensuring operational continuity, asset integrity, and efficiency across upstream, midstream, and downstream operations.
Wood Massy and Tagman has launch ed WMT Guyana a new joint-venture operating company in which Tagman holds a 51 per cent shareholding. WMT Guyana brings together the proven capabilities of Wood Massy and Tagman to deliver engineering led studies and design services brownfield maintenance and modifications and early-phase project and operational readiness solutions. Combining global standards with deep regional expertise and strong Guyanese leadership the joint venture will play a central role in advancing the country s energy sector. WMT Guyana reflects a long-term commitment to building a strong locally anchored operating company said Alex Graham Chief Executive Officer of Tagman. By combining gl...
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Wood, Massy and Tagman has launched WMT Guyana, a new joint-venture operating company in which Tagman holds a 51 per cent shareholding.
WMT Guyana brings
together the proven capabilities of Wood, Massy, and Tagman to deliver
engineering led studies and design services, brownfield maintenance and
modifications, and early-phase project and operational readiness solutions.
Combining global
standards with deep regional expertise and strong Guyanese leadership, the
joint venture will play a central role in advancing the country’s energy
sector.
“WMT Guyana reflects a long-term commitment to building a strong, locally anchored operating company,” said Alex Graham, Chief Executive Officer of Tagman. “By combining gl...
Prince Abdulaziz bin Salman bin Abdulaziz Saudi Arabia s Minister of Energy met with Yermek Kosherbayev Kazakhstan s Minister of Foreign Affairs to advance bilateral cooperation between the two countries. The meeting attended by Prince Faisal bin Farhan bin Abdullah and Kazakhstan s Minister of Energy Yerlan Akkenzhenov took place within the framework of establishing the Saudi Kazakh Coordination Council. Chaired on the Saudi side by the Minister of Energy and on the Kazakh side by the Minister of Foreign Affairs the Council reflects both nations commitment to strengthening ties and expanding their strategic partnership. Following discussions the two sides signed an agreement formally establishing the Saudi Kazakh Coordination Council marking a significant step toward institutionalising cooperation. The Council aims to enhance coordinat...
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Prince Abdulaziz bin Salman bin Abdulaziz, Saudi Arabia’s Minister of Energy, met with Yermek Kosherbayev, Kazakhstan’s Minister of Foreign Affairs, to advance bilateral cooperation between the two countries.
The meeting, attended by Prince Faisal bin Farhan bin Abdullah and Kazakhstan’s Minister of Energy Yerlan Akkenzhenov, took place within the framework of establishing the Saudi–Kazakh Coordination Council.
Chaired on the Saudi side by the Minister of Energy and on the Kazakh side by the Minister of Foreign Affairs, the Council reflects both nations’ commitment to strengthening ties and expanding their strategic partnership.
Following discussions, the two
sides signed an agreement formally establishing the Saudi–Kazakh Coordination
Council, marking a significant step toward institutionalising cooperation.
The Council aims to enhance coordinat...
India s Adani Group today (February 17) announced that it plans to invest 100 billion over the next decade to build renewable energy-powered artificial intelligence (AI)-ready data centres as the country seeks to strengthen its position in the global artificial intelligence race. The conglomerate said the initiative targeted for completion by 2035 plans to fuel the data centres with renewable energy and establish a long-term sovereign energy and compute platform. It will be designed to position India as a global leader in the digital transformation race. The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution remarked the Group Chairman Gautam Adani. Nations that master the symmetry between energy and compute will shape the next decade. India is uniquely positioned to lea he stated. At Adani we are building on our foundation in data centres and green energy to expand into the complete five-layer AI s...
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India’s Adani Group today (February 17) announced that it plans to invest $100 billion over the next decade to build renewable energy-powered, artificial intelligence (AI)-ready data centres, as the country seeks to strengthen its position in the global artificial intelligence race.
The conglomerate said the initiative, targeted for completion by 2035, plans to fuel the data centres with renewable energy and establish a long-term sovereign energy and compute platform. It will be designed to position India as a global leader in the digital transformation race.
"The world is entering an Intelligence Revolution more profound than any previous Industrial Revolution," remarked the Group Chairman Gautam Adani.
"Nations that master the symmetry between energy and compute will shape the next decade. India is uniquely positioned to lea," he stated.
"At Adani, we are building on our foundation in data centres and green energy to expand into the complete five-layer AI s...
The Arab Energy Fund a multilateral impact financial institution has led and closed a 346 million Reserve-Based Financing (RBL) Facility for Kuwait Energy Basra Limited (KEBL) operator of Block 9 (Faihaa Field) in southern Iraq and a wholly owned subsidiary of United Energy Group Limited (UEG) an integrated energy company listed on the Hong Kong Stock Exchange. The RBL Facility provides KEBL with support for the next phase of Block 9 s expansion and development. The financing enables continued drilling infrastructure optimisation and enhanced production potential ultimately contributing to increased output for Iraq and supporting the country s ongoing efforts to strengthen its energy sector. The Arab Energy Fund was mandated in 2024 as the Initial Mandated Lead Arranger and Structuring...
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The Arab Energy Fund, a multilateral impact financial institution, has led and closed a $346 million Reserve-Based Financing (RBL) Facility for Kuwait Energy Basra Limited (KEBL), operator of Block 9 (Faihaa Field) in southern Iraq and a wholly owned subsidiary of United Energy Group Limited (UEG), an integrated energy company listed on the Hong Kong Stock Exchange.
The RBL Facility provides KEBL with support
for the next phase of Block 9’s expansion and development.
The financing enables continued drilling,
infrastructure optimisation, and enhanced production potential, ultimately
contributing to increased output for Iraq and supporting the country’s ongoing
efforts to strengthen its energy sector.
The Arab Energy Fund was mandated in 2024 as the Initial Mandated Lead Arranger and Structuring...
The world s energy innovation landscape is entering a new phase shaped by energy security industrial competitiveness and infrastructure resilience according to the International Energy Agency s (IEA) latest State of Energy Innovation report. The second edition of the report which will inform discussions at the 2026 IEA Energy Innovation Forum on February 18 finds that energy technologies now represent multi-trillion dollar global markets with the energy sector increasingly becoming an innovation powerhouse spanning batteries transformers turbines motors and heat exchangers. Around one in ten patents worldwide relates to energy more than for chemicals pharmaceuticals or transport underlining the sector s central role in national security industrial strategy and economic performance. p class= MsoN...
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The world’s energy innovation landscape is entering a new phase shaped by energy security, industrial competitiveness and infrastructure resilience, according to the International Energy Agency’s (IEA) latest State of Energy Innovation report.
The second edition of
the report – which will inform discussions at the 2026 IEA Energy Innovation
Forum on February 18– finds that energy technologies now represent
multi-trillion dollar global markets, with the energy sector increasingly
becoming an innovation powerhouse spanning batteries, transformers, turbines,
motors and heat exchangers.
Around one in ten
patents worldwide relates to energy – more than for chemicals, pharmaceuticals
or transport – underlining the sector’s central role in national security,
industrial strategy and economic performance.
Oman Energy Association (OPAL) signed a strategic cooperation agreement in Muscat with the Saudi company Takamol Holding to develop professional competencies and enhance skill and qualification accreditation systems thereby contributing to the improvement of labour market outputs. The agreement was signed on behalf of Oman Energy Association by Mohammed Al Naabi CEO of Opal while Fowzan Almuhaidib Executive Vice President signed on behalf of the Takamol Holding reported ONA. The signing ceremony was attended by Khalid Salim Al Ghamari Undersecretary of the Ministry of Labour for Labour Affairs. The agreement aims to facilitate cooperation in implementing the professional accreditation system (Professional Licensing Programme) approved by OPAL in addition to developing and implementing effective verification mechanisms to measure the skills and competen...
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Oman Energy Association (OPAL) signed a strategic cooperation agreement in Muscat with the Saudi company Takamol Holding to develop professional competencies and enhance skill and qualification accreditation systems, thereby contributing to the improvement of labour market outputs.
The agreement was
signed on behalf of Oman Energy Association by Mohammed Al Naabi, CEO of Opal,
while Fowzan Almuhaidib, Executive Vice President, signed on behalf of the
Takamol Holding, reported ONA.
The signing ceremony
was attended by Khalid Salim Al Ghamari, Undersecretary of the Ministry of
Labour for Labour Affairs.
The agreement aims to facilitate cooperation in implementing the professional accreditation system (Professional Licensing Programme) approved by OPAL, in addition to developing and implementing effective verification mechanisms to measure the skills and competen...
Kerno Enterprises the UAE s enterprise-level IT hardware manufacturer hosted an invite-only tour of its upcoming manufacturing facility in Dubai Silicon Oasis (DSO) on February 10. The event brought together partners customers and media to present the company s enterprise-class end-to-end IT operations in the UAE and outline their significant role in supporting the development of local technology production capabilities. Kerno s upcoming manufacturing facility in Dubai Silicon Oasis has the capacity to produce over 60 000 enterprise systems annually from the first year of operations with significant potential for expansion as the business scales. The facility is intended to support domestic demand with locally manufactured infrastructure and contribute to the UAE s technology manufacturing sector. The facility includes SMT lines an automated unit assembly lines ISO 7 cleanroom manufacturing for microelectronics process monitoring systems precis...
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Kerno Enterprises, the UAE’s enterprise-level IT hardware manufacturer, hosted an invite-only tour of its upcoming manufacturing facility in Dubai Silicon Oasis (DSO) on February 10.
The event brought together partners, customers, and media to present the company’s enterprise-class, end-to-end IT operations in the UAE and outline their significant role in supporting the development of local technology production capabilities.
Kerno’s upcoming manufacturing facility in Dubai Silicon Oasis has the capacity to produce over 60,000 enterprise systems annually from the first year of operations with significant potential for expansion as the business scales. The facility is intended to support domestic demand with locally manufactured infrastructure and contribute to the UAE’s technology manufacturing sector.
The facility includes SMT lines, an automated unit assembly lines, ISO 7 cleanroom manufacturing for microelectronics, process monitoring systems, precis...
E-world energy & water 2026 has opened at Messe Essen with record participation hosting more than 1 100 exhibitors from Germany and abroad. The 15 per cent increase in exhibitors compared with last year highlights the event s position within the European energy sector. Expanded hall occupancy includes the first-time use of Hall 6 and Entrance Mitte. More than 30 per cent of exhibitors come from outside Germany reflecting the fair s growing international reach. Exhibitors are presenting solutions across the energy value chain including generation trading and sales grids and infrastructure metering systems artificial intelligence digital platforms hydrogen storage electromobility energy efficiency and climate pr...
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E-world energy & water 2026 has opened at Messe Essen with record participation, hosting more than 1,100 exhibitors from Germany and abroad.
The 15 per cent increase in
exhibitors compared with last year highlights the event’s position within the
European energy sector.
Expanded hall occupancy includes the
first-time use of Hall 6 and Entrance Mitte.
More than 30 per cent of exhibitors
come from outside Germany, reflecting the fair’s growing international reach.
Exhibitors are presenting solutions across the energy value chain, including generation, trading and sales, grids and infrastructure, metering systems, artificial intelligence, digital platforms, hydrogen, storage, electromobility, energy efficiency and climate pr...
Hitachi Energy has inaugurated a new office in Cairo. Designed to enhance collaboration and efficiency the facility brings all Egypt-based employees together enabling closer coordination across teams and stronger engagement with customers and partners. Built with sustainability at its core the office incorporates high-performance glazed façades to maximise natural daylight and reduce energy consumption alongside measures that lower water and environmental impact. The opening was attended by the Ambassadors of Japan and Sweden to Egypt a representative from the Swiss Embassy and Mohamed Hosseiny Managing Director for Africa at Hitachi Energy highlighting strong international and local partnerships. Egypt plays a pivotal role in Hitachi Energy s long-term vision for Africa said Mohamed Hosseiny Managin...
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Hitachi Energy has inaugurated a new office in Cairo. Designed to enhance collaboration and efficiency, the facility brings all Egypt-based employees together, enabling closer coordination across teams and stronger engagement with customers and partners.
Built with sustainability at its core, the office incorporates high-performance glazed façades to maximise natural daylight and reduce energy consumption, alongside measures that lower water and environmental impact.
The opening was attended by the Ambassadors of Japan and Sweden to Egypt, a representative from the Swiss Embassy, and Mohamed Hosseiny, Managing Director for Africa at Hitachi Energy, highlighting strong international and local partnerships.
“Egypt plays a pivotal role in Hitachi Energy’s long-term vision for Africa,” said Mohamed Hosseiny, Managin...
Procter and Gamble (P&G) one of the world s largest consumer goods companies has commissioned a solar power plant with Yellow Door Energy a leading sustainable energy partner for businesses in the Middle East and South Africa. The 500 kilowatt-peak (kWp) solar carport now fully operational at P&G UAE s head office in Jebel Ali Freezone Authority (JAFZA) will generate 816 500 kilowatt-hours (kWh) of clean electricity in its first year of operation supplying more than 50% of the building s annual electricity demand. Comprising over 870 high-efficiency bifacial solar panels the solar carport maximises on-site renewable energy generation whilst providing shading to 144 parking spaces. The project is expected to reduce carbon emissions by 330 000 kilograms per year directly supporting P&G s Net Zero by 2040 ambition and aligning with the UAE s Net Zero by 2050 Clean Energy Strategy. The commissioning ceremony was held at the P&G UAE Head Of...
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Procter and Gamble (P&G), one of the world’s largest consumer goods companies, has commissioned a solar power plant with Yellow Door Energy, a leading sustainable energy partner for businesses in the Middle East and South Africa.
The 500 kilowatt-peak (kWp) solar carport, now fully operational at P&G UAE’s head office in Jebel Ali Freezone Authority (JAFZA), will generate 816,500 kilowatt-hours (kWh) of clean electricity in its first year of operation, supplying more than 50% of the building’s annual electricity demand.
Comprising over 870 high-efficiency bifacial solar panels, the solar carport maximises on-site renewable energy generation whilst providing shading to 144 parking spaces. The project is expected to reduce carbon emissions by 330,000 kilograms per year, directly supporting P&G’s Net Zero by 2040 ambition and aligning with the UAE’s Net Zero by 2050 Clean Energy Strategy.
The commissioning ceremony was held at the P&G UAE Head Of...
Adnoc and RWE Supply & Trading (RWE) announced a strategic collaboration agreement to explore opportunities for LNG supply to Germany and European markets of up to 1 mtpa for a period of up to 10 years. The announcement was made during the visit of Friedrich Merz Chancellor of the Federal Republic of Germany to Adnoc s headquarters as part of his official visit to the UAE. As part of the agreement both companies will also explore collaboration in LNG trading regasification capacity in Germany and Europe and broader opportunities across the gas and LNG value chain. Masdar and RWE also signed a Memorandum of Understanding (MoU) to identify and pursue investments in battery energy storage system (BESS) projects in Germany. The visit also witness...
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Adnoc and RWE Supply & Trading (RWE) announced a strategic collaboration agreement to explore opportunities for LNG supply to Germany and European markets of up to 1 mtpa for a period of up to 10 years.
The announcement was
made during the visit of Friedrich Merz, Chancellor of the Federal Republic of
Germany, to Adnoc’s headquarters as part of his official visit to the UAE.
As part of the
agreement, both companies will also explore collaboration in LNG trading,
regasification capacity in Germany and Europe, and broader opportunities across
the gas and LNG value chain.
Masdar and RWE also
signed a Memorandum of Understanding (MoU) to identify and pursue investments
in battery energy storage system (BESS) projects in Germany.
The visit also witness...
The Global Energy Efficiency Alliance (GEEA) launched its digital platform GEEA.AE at its first meeting during the World Government Summit (WGS) 2026. The platform serves as an interactive hub for exchanging expertise on energy efficiency policies government projects and investment opportunities across member states while also showcasing the technologies and innovative solutions offered by members. Powered by artificial intelligence the platform brings together governments the private sector technology providers the banking and financial sectors and academia. The global energy system wastes more than 2 trillion every year due to inefficient energy use across buildings industry and the transport sector. These losses go far beyond the financial dimension translating into lost productivity avoidable emissions and missed development opportunities. T...
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The Global Energy Efficiency Alliance (GEEA) launched its digital platform, GEEA.AE, at its first meeting during the World Government Summit (WGS) 2026.
The platform serves as
an interactive hub for exchanging expertise on energy efficiency policies,
government projects, and investment opportunities across member states, while
also showcasing the technologies and innovative solutions offered by members.
Powered by artificial
intelligence, the platform brings together governments, the private sector,
technology providers, the banking and financial sectors, and academia.
“The global energy system wastes more than $2 trillion every year due to inefficient energy use across buildings, industry, and the transport sector. These losses go far beyond the financial dimension, translating into lost productivity, avoidable emissions, and missed development opportunities. T...
The Abu Dhabi Department of Energy (DoE) has launched the Solar (Photovoltaic) Energy Self-Supply Policy in Abu Dhabi enabling customers to improve daytime electricity efficiency and increase reliance on clean and renewable energy sources through the adoption of smart and flexible energy-consumption solutions. The launch of the policy forms part of Abu Dhabi s efforts led by the Department to deliver a qualitative transformation in energy generation and consumption in line with the objectives of the Abu Dhabi Energy and Water Efficiency Strategy 2030. It also aims to raise public awareness of the importance of responsible electricity consumption while supporting the national transition towards increased reliance on clean and renewable energy sources particularly in vital sectors that depend heavily on electricity for their daily operations. p class=...
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The Abu Dhabi Department of Energy (DoE) has launched the Solar (Photovoltaic) Energy Self-Supply Policy in Abu Dhabi, enabling customers to improve daytime electricity efficiency and increase reliance on clean and renewable energy sources through the adoption of smart and flexible energy-consumption solutions.
The launch of the
policy forms part of Abu Dhabi’s efforts, led by the Department, to deliver a
qualitative transformation in energy generation and consumption in line with
the objectives of the Abu Dhabi Energy and Water Efficiency Strategy 2030.
It also aims to raise
public awareness of the importance of responsible electricity consumption,
while supporting the national transition towards increased reliance on clean
and renewable energy sources, particularly in vital sectors that depend heavily
on electricity for their daily operations.
Nasdaq Dubai welcomed the listing of a 500 million sukuk issued by The Arab Energy Fund a leading multilateral impact financial institution marking its third issuance on the exchange. Issued under the Trust Certificate Issuance Programme the sukuk comprises 500 million Trust Certificates with a profit rate of 4.721%. The senior unsecured Sukuk was issued at par and matures in 2036. The sukuk attracted strong investor demand with an order book exceeding 1.6 billion reflecting broad participation from regional and international investors. The sukuk is rated Aa2 by Moody s and AA by Fitch in line with The Arab Energy Fund s long-term credit ratings. This issuance marks The Arab Energy Fund s first-ever 10-year Sukuk transaction establishing a new longer-tenor pricing curve. To mark the listing Khalid Al-Ruwaigh Chief Executive Officer The Arab Energy Fund rang the market-opening bell at Nasdaq Dubai alongside Hamed Ali Chief Executive Officer of Nasda...
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Nasdaq Dubai welcomed the listing of a $500 million sukuk issued by The Arab Energy Fund, a leading multilateral impact financial institution, marking its third issuance on the exchange.
Issued under the Trust Certificate Issuance Programme, the sukuk comprises $500 million Trust Certificates with a profit rate of 4.721%. The senior unsecured Sukuk was issued at par and matures in 2036.
The sukuk attracted strong investor demand, with an order book exceeding $1.6 billion, reflecting broad participation from regional and international investors. The sukuk is rated Aa2 by Moody’s and AA+ by Fitch, in line with The Arab Energy Fund’s long-term credit ratings. This issuance marks The Arab Energy Fund’s first-ever 10-year Sukuk transaction, establishing a new longer-tenor pricing curve.
To mark the listing, Khalid Al-Ruwaigh, Chief Executive Officer, The Arab Energy Fund, rang the market-opening bell at Nasdaq Dubai, alongside Hamed Ali, Chief Executive Officer of Nasda...
Axens announces the successful closing of the acquisition of 100 per cent of Eurecat following the completion of the required regulatory approvals. With this transaction Axens becomes the sole owner of Eurecat a provider of catalyst services marking a milestone in Axens strategy to further strengthen catalysts circularity ex situ activation and metals reuse worldwide. Eurecat is a global reference in regeneration rejuvenation recycling of spent catalysts and ex situ activation of fresh catalysts as well as reactor services such as catalysts loading and unloading. The company operates across the entire catalyst life cycle in the refining biofuels chemicals and gas markets with industrial facilities in the Americas Europe the Middle East and Asia. Eurecat will continue to operate as a...
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Axens announces the successful closing of the acquisition of 100 per cent of Eurecat, following the completion of the required regulatory approvals.
With this transaction,
Axens becomes the sole owner of Eurecat, a provider of catalyst services,
marking a milestone in Axens’ strategy to further strengthen catalysts
circularity, ex situ activation, and metals reuse worldwide.
Eurecat is a global
reference in regeneration, rejuvenation, recycling of spent catalysts, and ex
situ activation of fresh catalysts, as well as reactor services such as
catalysts loading and unloading.
The company operates
across the entire catalyst life cycle in the refining, biofuels, chemicals, and
gas markets, with industrial facilities in the Americas, Europe, the Middle
East, and Asia.
Eurecat will continue to operate as a...
OQT the international energy and commodity trading vehicle of the Government of Oman has announced the provision of a medium-term structured finance facility to Maldives State Trading Organisation (STO) alongside a mid- to long-term supply arrangement for light and middle distillate products used across transport power generation and essential services in the Maldives. Building on a long-standing commercial relationship between OQT and STO the announcement reflects OQT s broader strategy to expand its global trading platform through partnership-led growth leveraging Oman s strategic location to connect regional energy supply with fast-growing markets across South Asia and beyond. The announcement follows the Maldivian Ministry of Finance s recent visit to Oman in January underscoring the strengthening economic ties between the two countries. We are pro...
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OQT, the international energy and commodity trading vehicle of the Government of Oman, has announced the provision of a medium-term structured finance facility to Maldives’ State Trading Organisation (STO), alongside a mid- to long-term supply arrangement for light and middle distillate products used across transport, power generation, and essential services in the Maldives.
Building on a long-standing commercial relationship between
OQT and STO, the announcement reflects OQT’s broader strategy to expand its
global trading platform through partnership-led growth, leveraging Oman’s
strategic location to connect regional energy supply with fast-growing markets
across South Asia and beyond.
The announcement follows the Maldivian Ministry of Finance’s
recent visit to Oman in January, underscoring the strengthening economic ties
between the two countries.
“We are pro...
The UAE Ministry of Energy and Infrastructure Khazna Data Centres and Agility announced a pilot to implement Phaidra s AI technology to accelerate energy efficiency across data centres and district cooling operations in the UAE. The announcement was made on the sidelines of the World Governments Summit in Dubai and builds on a Memorandum of Understanding (MoU) previously signed between the Ministry and Agility. The MoU signed during Abu Dhabi Sustainability Week . As part of the initiative the pilot will evaluate the deployment of advanced control system technology developed by Phaidra a global leader in artificial intelligence agents for optimising AI infrastructure. Phaidra s AI agents orchestrate the complex power co...
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The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility announced a pilot to implement Phaidra’s AI technology to accelerate energy efficiency across data centres and district cooling operations in the UAE.
The announcement was
made on the sidelines of the World Governments Summit in Dubai and builds on a
Memorandum of Understanding (MoU) previously signed between the Ministry and
Agility.
The MoU, signed during
Abu Dhabi Sustainability Week.
As part of the
initiative, the pilot will evaluate the deployment of advanced control system
technology developed by Phaidra, a global leader in artificial intelligence
agents for optimising AI infrastructure.
Phaidra’s AI agents orchestrate the complex power, co...
Tshering Tobgay Prime Minister of Bhutan has described relations between Bhutan and the UAE as strong and continuing to grow underscoring the wide scope for cooperation particularly in sustainability renewable energy trade and investment. We need to do more in terms of trade and investments he said in statements to the Emirates News Agency (WAM) on the sidelines of the World Governments Summit (WGS) 2026 stressing the need to deepen cooperation with the UAE in key economic sectors pointing to Bhutan s significant renewable energy potential. Bhutan s fast-flowing rivers constitute a major natural resource. We can generate clean green renewable hydropower and that energy can be used to produce clean green hydrogen the Prime Minister said. The relationship between our peoples is also strong and continues to improve and grow he added. He explai...
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Tshering Tobgay, Prime Minister of Bhutan, has described relations between Bhutan and the UAE as strong and continuing to grow, underscoring the wide scope for cooperation, particularly in sustainability, renewable energy, trade, and investment.
“We need to do more in
terms of trade and investments," he said in statements to the Emirates
News Agency (WAM) on the sidelines of the World Governments Summit (WGS) 2026,
stressing the need to deepen cooperation with the UAE in key economic sectors,
pointing to Bhutan’s significant renewable energy potential.
Bhutan’s fast-flowing
rivers constitute a major natural resource. “We can generate clean, green,
renewable hydropower, and that energy can be used to produce clean, green
hydrogen," the Prime Minister said. “The relationship between our peoples
is also strong and continues to improve and grow," he added.
He explai...
US fusion energy developer Type One Energy has submitted the initial licensing application in preparation for the construction of a fusion power plant at Tennessee Valley Authority s former Bull Run fossil plant site in Clinton Tennessee. Type One Energy said it worked closely with the Tennessee Valley Authority (TVA) and the Tennessee Department of Environment & Conservation (TDEC) to prepare the first-of-a-kind application for a byproduct material licence demonstrating compliance with key licensing requirements for fusion energy technology as part of a comprehensive application process reported World Nuclear . Project Infinity - which encompasses the Infinity One prototype and workforce training centre together with the 350 MWe Infinity Two fusion power plant - will proceed in several phases at TVA s Bull Run site. B...
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US fusion energy developer Type One Energy has submitted the initial licensing application in preparation for the construction of a fusion power plant at Tennessee Valley Authority's former Bull Run fossil plant site in Clinton, Tennessee.
Type One Energy said
it worked closely with the Tennessee Valley Authority (TVA) and the Tennessee
Department of Environment & Conservation (TDEC) to prepare the
"first-of-a-kind" application for a byproduct material licence,
"demonstrating compliance with key licensing requirements for fusion
energy technology as part of a comprehensive application process",
reported World Nuclear .
Project Infinity -
which encompasses the Infinity One prototype and workforce training centre
together with the 350 MWe Infinity Two fusion power plant - will proceed in
several phases at TVA’s Bull Run site.
B...
Japan s JERA Co has renewed its memorandum of understanding (MoU) on a partnership in power generation technologies with Nebras Energy (rebranded from Qatar Electricity & Water Company). The partnership was originally established on March 6 2024 and has been extended to further deepen the technical collaboration between the two companies. A signing ceremony was held today in Qatar attended by Mohammed Nasser Al Hajri Managing Director and Chief Executive Officer of Nebras Energy and Tetsuya Watabe Corporate Vice President of JERA. In Qatar JERA is currently involved in several natural gas-fired thermal power and water desalination projects in which Nebras Energy holds equity interests. Building on this long-standing partnership JERA and Nebras Energy established a working group under the partnership MOU signed in 2024 to promote technical exchanges in the field of power generation. Key Initiatives under the partnership ...
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Japan's JERA Co has renewed its memorandum of understanding (MoU) on a partnership in power generation technologies with Nebras Energy (rebranded from Qatar Electricity & Water Company).
The partnership was originally established on March 6, 2024, and has been extended to further deepen the technical collaboration between the two companies.
A signing ceremony was held today in Qatar, attended by Mohammed Nasser Al‑Hajri, Managing Director and Chief Executive Officer of Nebras Energy, and Tetsuya Watabe, Corporate Vice President of JERA.
In Qatar, JERA is currently involved in several natural gas-fired thermal power and water desalination projects, in which Nebras Energy holds equity interests.
Building on this long-standing partnership, JERA and Nebras Energy established a working group under the partnership MOU signed in 2024 to promote technical exchanges in the field of power generation.
Key Initiatives under the partnership ...
Saudi Arabia and Türkiye signed an agreement on renewable energy power plant projects reinforcing strategic cooperation in the energy sector. The agreement aims to enhance cooperation between the two countries in the fields of renewable energy and green technologies and to support the development and implementation of high-quality projects that contribute to diversifying the energy mix strengthening energy security and advancing the transition towards a low-carbon economy in line with the priorities and strategies of both countries reported SPA. The agreement includes the development and implementation of solar power plant projects in Türkiye with a total installed capacity of up to 5 000 MW to be implemented in two phases: Phase One with a capacity of 2 000 MW comprising two solar power ...
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Saudi Arabia and Türkiye signed an agreement on renewable energy power plant projects, reinforcing strategic cooperation in the energy sector.
The agreement aims to enhance cooperation between the two countries in the
fields of renewable energy and green technologies, and to support the
development and implementation of high-quality projects that contribute to
diversifying the energy mix, strengthening energy security, and advancing the
transition towards a low-carbon economy, in line with the priorities and
strategies of both countries, reported SPA.
The agreement includes the development and
implementation of solar power plant projects in Türkiye with a total installed
capacity of up to 5,000 MW, to be implemented in two phases:
Phase One, with a capacity of 2,000 MW, comprising two solar power ...
NMDC Energy a provider of engineering procurement and construction (EPC) services for offshore and onshore energy clients announced its full year financial results for 2025 with revenues surging 29 per cent Y-o-Y to AED 18.7 billion ( 5 billion) with 30 per cent of revenues coming from international (non-UAE markets) while net profit grew 14 per cent Y-o-Y to AED 1.6 billion. In light of these outstanding results NMDC Energy s board proposed increasing its cash dividend by 14 per cent to AED 800 million for the 2025 financial year representing a 16 fils per share and a payout ratio of 50 per cent subject to shareholders approval at the upcoming General Assembly Meeting. These solid financial results were driven by NMDC Energy s capacity expansion an increase in operating agility as well as its ability to forge strong diversified partnerships to execute projects with efficiency acro...
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NMDC Energy, a provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, announced its full year financial results for 2025, with revenues surging 29 per cent Y-o-Y to AED 18.7 billion ($5 billion), with 30 per cent of revenues coming from international (non-UAE markets), while net profit grew 14 per cent Y-o-Y to AED 1.6 billion.
In light of these
outstanding results, NMDC Energy’s board proposed increasing its cash dividend
by 14 per cent to AED 800 million for the 2025 financial year, representing a
16 fils per share and a payout ratio of 50 per cent, subject to shareholders’
approval at the upcoming General Assembly Meeting.
These solid financial results were driven by NMDC Energy’s capacity expansion, an increase in operating agility, as well as its ability to forge strong, diversified partnerships to execute projects with efficiency acro...
Acwa a leader in energy transition has concluded Innovation Days 2026 at The Garage in Riyadh - a three-day platform that convened government entities research institutions global technology leaders and investors - by announcing the signing of 27 strategic partnerships and the launch of Innovation Days in Shanghai. Held under the patronage of Saudi Arabia s Ministry of Energy Innovation Days 2026 brought together leading stakeholders across energy water hydrogen AI and energy storage to celebrate open innovation showcase results exchange ideas and translate collaboration into tangible impact. The event was significantly oversubscribed confirming its emergence as a must-attend global platform and reflecting the exceptional pull of Saudi Arabia s innovation ecosystem. Marco Arcelli CEO of Acwa stated : Innovation Days 2026 shows what can b...
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Acwa, a leader in energy transition, has concluded Innovation Days 2026 at The Garage in Riyadh - a three-day platform that convened government entities, research institutions, global technology leaders, and investors - by announcing the signing of 27 strategic partnerships and the launch of Innovation Days in Shanghai.
Held under the
patronage of Saudi Arabia's Ministry of Energy, Innovation Days 2026 brought
together leading stakeholders across energy, water, hydrogen, AI, and energy
storage to celebrate open innovation, showcase results, exchange ideas, and
translate collaboration into tangible impact.
The event was
significantly oversubscribed, confirming its emergence as a must-attend global
platform and reflecting the exceptional pull of Saudi Arabia's innovation
ecosystem.
Marco Arcelli, CEO of Acwa, stated: "Innovation Days 2026 shows what can b...
African Export-Import Bank (Afreximbank) working with other mandated lead arrangers has closed a 1.75 billion syndicated receivables purchase facility for Sonangol Angola s national oil company. The strategic financing will support Sonangol s projected operating and capital expenditure requirements while advancing Afreximbank s mandate to promote African-led financing models that support growth industrialisation economic self-reliance and sovereignty. Afreximbank played a catalytic balance-sheet-led role in the financing structuring and syndication of the facility which is designed to provide sustainable funding to the Angolan oil and gas sector while ensuring strong repayment assurance for lenders. In line with the Bank s strategy of supporting African business champions in strategic sectors Afreximbank helped design an innovative de-risked structure that mitigates oil price volatility and al...
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SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6 Oman s largest oil and gas concession while advancing in-country value (ICV). The contracts include the provision of low-pressure high-pressure and thermal wellheads as well as electric submersible pumps (ESPs) and progressive cavity pumps (PCPs). These solutions are expected to increase recovery rates and extend the productive life of Block-6 assets. Key milestones include expanding local manufacturing capabilities and introducing made-in-Oman gate valve production within six months of commencement. These awards reflect our deep commitment to Oman s energy future and advancing in-country value through local manufacturing and talent development said Jesus Lamas president Middle East and North A...
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SLB has been awarded two five-year contracts by Petroleum Development Oman (PDO) to supply wellheads and artificial lift technologies for operations in Block-6, Oman’s largest oil and gas concession, while advancing in-country value (ICV).
The contracts include
the provision of low-pressure, high-pressure, and thermal wellheads, as well as
electric submersible pumps (ESPs) and progressive cavity pumps (PCPs).
These solutions are
expected to increase recovery rates and extend the productive life of Block-6
assets. Key milestones include expanding local manufacturing capabilities and
introducing made-in-Oman gate valve production within six months of commencement.
“These awards reflect our deep commitment to Oman’s energy future and advancing in-country value through local manufacturing and talent development,” said Jesus Lamas, president, Middle East and North A...
If there is one thing the last few years have made clear it is that people in the UAE want more control over how they live. They want access to the city when they need it but space nature and calm when they do not. Tiger Downtown Ajman is very much a response to that shift. This new lagoon-front master community in Al Alia is planned around a 13 795 square meter private lagoon 76 buildings and more than 25 amenities that mix waterfront promenades parks and an urban grid of cafés and shops. It is being developed by Tiger Properties a name that now carries 50 years of experience more than 270 completed projects and a reputation for delivering exactly this kind of large-scale lifestyle environment. The promise is simple: downtown energy when you want it lagoon-front peace when you do not. A developer that understands how people actually live Tiger Properties is not a newcomer trying out its first big idea. The company sits under Tiger Holding ...
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If there is one thing the last few years have made clear, it is that people in the UAE want more control over how they live. They want access to the city when they need it, but space, nature, and calm when they do not. Tiger Downtown Ajman is very much a response to that shift.
This new lagoon-front master community in Al Alia is planned around a 13,795 square meter private lagoon, 76 buildings, and more than 25 amenities that mix waterfront promenades, parks, and an urban grid of cafés and shops. It is being developed by Tiger Properties, a name that now carries 50 years of experience, more than 270 completed projects, and a reputation for delivering exactly this kind of large-scale lifestyle environment.
The promise is simple: downtown energy when you want it, lagoon-front peace when you do not.
A developer that understands how people actually live
Tiger Properties is not a newcomer trying out its first big idea. The company sits under Tiger Holding,...
Security scale and pragmatism took centre stage on the third day of India Energy Week 2026 (IEW 2026) being held in Goa as policymakers and industry leaders outlined a data-driven realistic roadmap for the energy transition of the world s fastest-growing major energy market said the event organisers. Across a packed programme of discussions one message resonated clearly: India s transition will not follow a single path. Instead it will be shaped by a carefully-balanced mix of renewables clean fuels advanced manufacturing and firm baseload power underpinned by policy certainty resilient supply chains and integrated energy data systems. On the opening day Prime Minister Narendra Modi had unveiled the 500 billion energy investment opportunity for the country amid the landmark India EU trade agreement. Addressing the inaugural ceremony via video conferencing Modi said the country was moving beyond energy security towards the mission of energy independ...
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Security, scale and pragmatism took centre stage on the third day of India Energy Week 2026 (IEW 2026) being held in Goa, as policymakers and industry leaders outlined a data-driven, realistic roadmap for the energy transition of the world’s fastest-growing major energy market, said the event organisers.
Across a packed programme of discussions, one message resonated clearly: India’s transition will not follow a single path. Instead, it will be shaped by a carefully-balanced mix of renewables, clean fuels, advanced manufacturing and firm baseload power—underpinned by policy certainty, resilient supply chains and integrated energy data systems.
On the opening day, Prime Minister Narendra Modi had unveiled the $500 billion energy investment opportunity for the country amid the landmark India–EU trade agreement.
Addressing the inaugural ceremony via video conferencing, Modi said the country was moving beyond energy security towards the mission of energy independ...
Sustainability Forum Middle East (SFME) has concluded its fourth edition following two days of dialogue and engagement focused on advancing energy and climate transformation. In the presence of Dr Mohamed Bin Daina Minister of Oil and Environment Special Envoy for Climate Affairs Bahrain the forum brought together more than 650 participants on day one at the Four Seasons Hotel Bahrain Bay followed by a second day of dedicated workshops engaging more than 150 participants. Held under the theme Advancing Alignment Innovation and Implementation for Energy and Climate Transformation and with the support of f the Supreme Council for Environment the Forum reflected Bahrain s growing role in shaping the regional climate and sustainability agenda and supporting practical progress across energy transition finance policy ...
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Sustainability Forum Middle East (SFME) has concluded its fourth edition following two days of dialogue and engagement focused on advancing energy and climate transformation.
In
the presence of Dr Mohamed Bin Daina, Minister of Oil and Environment, Special
Envoy for Climate Affairs, Bahrain, the forum brought together more
than 650 participants on day one at the Four Seasons Hotel Bahrain
Bay, followed by a second day of dedicated workshops engaging more than
150 participants.
Held under the theme “Advancing Alignment, Innovation, and Implementation for Energy and Climate Transformation,” and with the support of f the Supreme Council for Environment, the Forum reflected Bahrain’s growing role in shaping the regional climate and sustainability agenda and supporting practical progress across energy transition, finance, policy, ...
The Kuwait Oil & Gas Show and Conference (KOGS 2026) will take place from February 3 5 2026 at the Grand Hyatt Kuwait and The Arena bringing together senior government officials global energy leaders technical experts and innovators to address the opportunities and challenges shaping the future of the energy industry. Held under the theme Shaping Tomorrow s Energy KOGS 2026 will serve as a strategic platform for high-level dialogue technical excellence and cross-industry collaboration. Hosted by Kuwait Petroleum Corporation (KPC) and organised by the Society of Petroleum Engineers (SPE) KOGS 2026 reinforces Kuwait s position as a regional and global energy leader committed to innovation operational excellence and sustainable development. The conference...
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The Kuwait Oil & Gas Show and Conference (KOGS 2026) will take place from February 3–5, 2026 at the Grand Hyatt Kuwait and The Arena, bringing together senior government officials, global energy leaders, technical experts, and innovators to address the opportunities and challenges shaping the future of the energy industry.
Held under the theme “Shaping Tomorrow’s
Energy,” KOGS 2026 will serve as a strategic platform for high-level dialogue,
technical excellence, and cross-industry collaboration.
Hosted by Kuwait Petroleum Corporation
(KPC) and organised by the Society of Petroleum Engineers (SPE), KOGS 2026
reinforces Kuwait’s position as a regional and global energy leader committed
to innovation, operational excellence, and sustainable development.
The conference...
The Arab Energy Fund and The State Oil Fund of the Republic of Azerbaijan (SOFAZ) have agreed to partner with CVC DIF to invest in a co-investment vehicle that invests alongside DIF VII which recently acquired a 50 per cent stake in PAL Cooling Holding (PAL) a principal district cooling operator in UAE. In June 2025 CVC DIF the infrastructure strategy of leading global private markets manager CVC and Tabreed one of the world s leading district cooling companies agreed on the acquisition of PAL in a 50/50 joint venture with an equity value of approximately AED 3.8 billion. Khalid Al-Ruwaigh Chief Executive Officer The Arab Energy Fund said: We are proud to partner with CVC and the State Oil Fund of the Republic of Azerbaijan on this landmark investment in PAL. District cooling plays a vital role in achieving greater energy efficiency and we are supporting a g...
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The Arab Energy Fund and The State Oil Fund of the Republic of Azerbaijan (SOFAZ) have agreed to partner with CVC DIF to invest in a co-investment vehicle that invests alongside DIF VII, which recently acquired a 50 per cent stake in PAL Cooling Holding (PAL), a principal district cooling operator in UAE.
In June 2025, CVC DIF, the infrastructure
strategy of leading global private markets manager CVC, and Tabreed, one of the
world’s leading district cooling companies, agreed on the acquisition of PAL in
a 50/50 joint venture with an equity value of approximately AED 3.8 billion.
Khalid Al-Ruwaigh, Chief Executive Officer, The Arab Energy Fund, said: “We are proud to partner with CVC and the State Oil Fund of the Republic of Azerbaijan on this landmark investment in PAL. District cooling plays a vital role in achieving greater energy efficiency, and we are supporting a g...
Dr Sultan Al Jaber UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Adnoc said reliable partnerships are the real strategic reserve urging leaders to look beyond short-term volatility to the transformative opportunity of rising global energy demand. Speaking at India Energy Week 2026 Dr Al Jaber said the defining story of energy today was one of growth driven by three powerful megatrends: the rise of emerging markets the exponential growth of artificial intelligence (AI) and the transformation of energy systems all of which converge in India. Transformation rewards those who move boldly not those who wait for calm seas Dr Al Jaber said. He emphasised that global oil demand will remain above 100 million barrels per day through 2040 with demand for both LNG and electricity to grow by 50% or more. Electricity demand will be driv...
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Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Managing Director and Group CEO of Adnoc, said reliable partnerships are the real strategic reserve, urging leaders to look beyond short-term volatility to the transformative opportunity of rising global energy demand.
Speaking at India Energy Week 2026, Dr Al Jaber said the defining story of
energy today was one of growth, driven by three powerful megatrends: the rise
of emerging markets, the exponential growth of artificial intelligence (AI),
and the transformation of energy systems, all of which converge in India.
“Transformation rewards those who move boldly, not those who wait for calm
seas,” Dr Al Jaber said. He emphasised that global oil demand will remain above
100 million barrels per day through 2040, with demand for both LNG and
electricity to grow by 50% or more.
Electricity demand will be driv...
Acwa Power a leader in the energy transition has announced the signing of a reservation agreement with the Bases Conversion and Development Authority (BCDA) of the Philippines to advance large-scale renewable energy development in New Clark City during the World Economic Forum 2026 in Davos. Under the reservation agreement Acwa Power and BCDA will collaborate on the development of a major solar project with potential battery energy storage system (BESS) integration in the New Clark City Special Economic Zone a smart and green metropolis north of Manila. The partnership is intended to enhance the attractiveness of New Clark City as a destination of choice for energy-intensive and sustainability-driven industries seeking access to clean reliable and affordable power. This partnership leverages Acwa Power s global renewables portfolio of 52 GW equivalen...
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Acwa Power, a leader in the energy transition, has announced the signing of a reservation agreement with the Bases Conversion and Development Authority (BCDA) of the Philippines to advance large-scale renewable energy development in New Clark City, during the World Economic Forum 2026 in Davos.
Under the reservation
agreement, Acwa Power and BCDA will collaborate on the development of a major
solar project, with potential battery energy storage system (BESS) integration,
in the New Clark City Special Economic Zone, a smart and green metropolis north
of Manila.
The partnership is
intended to enhance the attractiveness of New Clark City as a destination of
choice for energy-intensive and sustainability-driven industries seeking access
to clean, reliable and affordable power.
This partnership leverages Acwa Power’s global renewables portfolio of 52 GW, equivalen...
I Squared Capital (I Squared) an infrastructure investment manager has announced the launch of Radiant Energy Solutions (Radiant) an investment from I Squared s Middle East infrastructure strategy which is focused on targeting transformational mid-market investments in the region. Reflecting I Squared s platform-building approach of starting with a core initial investment and scaling over time to build market-leading businesses Radiant marks the firm s entry into the Middle East distributed renewables market providing decarbonisation solutions to commercial and industrial customers. The investment for Radiant is the acquisition of FAS Renewables and its 100 per cent owned subsidiary Zahra Energy a Saudi Arabia based distributed solar company with a secured and advanced portfolio of over 100MWp of distributed solar projects with established customers...
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I Squared Capital (I Squared), an infrastructure investment manager, has announced the launch of Radiant Energy Solutions (Radiant), an investment from I Squared’s Middle East infrastructure strategy, which is focused on targeting transformational, mid-market investments in the region.
Reflecting I Squared’s platform-building approach of starting with a core initial investment and scaling over time to build market-leading businesses, Radiant marks the firm’s entry into the Middle East distributed renewables market, providing decarbonisation solutions to commercial and industrial customers.
The investment for Radiant is the acquisition of FAS Renewables and its 100 per cent owned subsidiary Zahra Energy, a Saudi Arabia–based distributed solar company with a secured and advanced portfolio of over 100MWp of distributed solar projects with established customers...
Cloover has announced a major financing commitment to accelerate the rollout of residential energy independence across Europe. The company has secured 22 million in Series A equity financing alongside a 1.2 billion debt facility bringing total capital commitments to 1.222 billion. The equity round was led by MMC Ventures and QED Investors with participation from Lowercarbon Capital BNVT Capital Bosch Ventures Centrotec and Earthshot Ventures. A leading European bank provided the debt facility to support customer and installer financing further strengthened by a 300 million ( 350 million) guarantee from the European Investment Fund enabling scalable low-cost capital for the energy transition. p class= MsoNo...
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Cloover has announced a major financing commitment to accelerate the rollout of residential energy independence across Europe.
The company has
secured $22 million in Series A equity financing alongside a $1.2 billion debt
facility, bringing total capital commitments to $1.222 billion.
The equity round was
led by MMC Ventures and QED Investors, with participation from Lowercarbon
Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures.
A leading European
bank provided the debt facility to support customer and installer financing,
further strengthened by a €300 million ($350 million) guarantee from the European Investment Fund,
enabling scalable, low-cost capital for the energy transition.
Masdar a clean energy leader and Octopus Energy an energy tech disruptor have signed two Memoranda of Understanding (MOUs) for initiatives in the UK and Africa. Masdar and Octopus will look to work together to free up hidden capacity across the UK s distribution network to power the next generation of data centres. The companies signed the agreements during Abu Dhabi Sustainability Week in the UAE. The UK is facing an unprecedented crunch on grid connections with renewable energy projects often waiting years to be plugged in. At the same time electricity demand is soaring with data centres requiring access to immense power sources which can take years to secure. Masdar and Octopus new model flips that challenge on its head by identifying pockets of available capacity in the UK ...
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Masdar, a clean energy leader, and Octopus Energy, an energy tech disruptor, have signed two Memoranda of Understanding (MOUs) for initiatives in the UK and Africa.
Masdar and Octopus
will look to work together to free up hidden capacity across the UK’s
distribution network to power the next generation of data centres.
The companies signed
the agreements during Abu Dhabi Sustainability Week in the UAE.
The UK is facing an
unprecedented crunch on grid connections, with renewable energy projects often
waiting years to be plugged in.
At the same time, electricity demand is
soaring, with data centres requiring access to immense power sources, which can
take years to secure.
Masdar and Octopus’ new model flips that challenge on its head by identifying pockets of available capacity in the UK’...
Lummus Technology a provider of process technologies and value-driven energy solutions announced a strategic investment in InnoVent Renewables to accelerate deployment of its proprietary tire recycling technology. Investing in InnoVent reinforces our commitment to advancing sustainable circular technologies that solve real environmental challenges said Leon de Bruyn President and CEO of Lummus Technology. Our collaboration has already demonstrated strong technical and commercial synergy and this investment will accelerate global adoption of a proven recycling solution. It is estimated that over one billion tires end up in landfills every year. To address this InnoVent s technology offers a scalable end-to-end solution for converting end of life tires into high-value products such as tire pyrolysis oil recovered carbon black pyrolysis gas...
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Lummus Technology, a provider of process technologies and value-driven energy solutions, announced a strategic investment in InnoVent Renewables to accelerate deployment of its proprietary tire recycling technology.
“Investing in InnoVent reinforces our commitment to advancing sustainable,
circular technologies that solve real environmental challenges,” said Leon de
Bruyn, President and CEO of Lummus Technology. “Our collaboration has already
demonstrated strong technical and commercial synergy, and this investment will
accelerate global adoption of a proven recycling solution.”
It is estimated that over one billion tires end up in landfills every year.
To address this, InnoVent’s technology offers a scalable, end-to-end solution for converting end of life tires into high-value products such as tire pyrolysis oil, recovered carbon black, pyrolysis gas...
Agility a global leader in logistics and infrastructure has signed an agreement with the UAE s Ministry of Energy and Infrastructure marking a significant step toward improving energy efficiency and enhancing the economic performance of data centres and district cooling systems in the UAE. The initiative supports the readiness of the nation s infrastructure to meet the rapidly growing demands of artificial intelligence applications and further strengthens the UAE s regional and global competitiveness. Under the MoU the company will deploy intelligent control system technologies developed by Vedra a global leader in artificial intelligence solutions for optimising energy consumption. These technologies will be used to manage energy and cooling systems and to optimise operational load distribution in modern data centres in response to the growing density of workloads and the increasing demands for efficiency and performance. The MoU establishes a fr...
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Agility, a global leader in logistics and infrastructure, has signed an agreement with the UAE's Ministry of Energy and Infrastructure, marking a significant step toward improving energy efficiency and enhancing the economic performance of data centres and district cooling systems in the UAE.
The initiative supports the readiness of the nation’s infrastructure to meet the rapidly growing demands of artificial intelligence applications and further strengthens the UAE’s regional and global competitiveness.
Under the MoU, the company will deploy intelligent control system technologies developed by Vedra, a global leader in artificial intelligence solutions for optimising energy consumption.
These technologies will be used to manage energy and cooling systems and to optimise operational load distribution in modern data centres, in response to the growing density of workloads and the increasing demands for efficiency and performance.
The MoU establishes a fr...
Huasun Energy a global leader in high-efficiency N-type heterojunction (HJT) solar technology showcased its high-efficiency heterojunction (HJT) solar products at the just-concluded World Future Energy Summit (WFES) 2026 in Abu Dhabi. The company also launched its integrated high-voltage energy storage system and signed multiple strategic cooperation agreements underscoring its continued focus on system-level clean energy solutions. At the exhibition Huasun presented mass-produced HJT solar modules designed for high-temperature and high-irradiation environments. With an industry-leading -0.24%/ C temperature coefficient power output of up to 760W and conversion efficiency reaching 24.5% the modules demonstrated stable energy yield and long-term reliability under desert conditions. A key highlight was the global debut of Huasun s All-In-One high-voltage energy storage system integrating a hybrid inverter modular lithium battery packs and an intellige...
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Huasun Energy, a global leader in high-efficiency N-type heterojunction (HJT) solar technology, showcased its high-efficiency heterojunction (HJT) solar products at the just-concluded World Future Energy Summit (WFES) 2026 in Abu Dhabi.
The company also launched its integrated high-voltage energy storage system, and signed multiple strategic cooperation agreements, underscoring its continued focus on system-level clean energy solutions.
At the exhibition, Huasun presented mass-produced HJT solar modules designed for high-temperature and high-irradiation environments. With an industry-leading -0.24%/°C temperature coefficient, power output of up to 760W, and conversion efficiency reaching 24.5%, the modules demonstrated stable energy yield and long-term reliability under desert conditions.
A key highlight was the global debut of Huasun's All-In-One high-voltage energy storage system, integrating a hybrid inverter, modular lithium battery packs and an intellige...
Oman s National University of Science and Technology recently celebrated the laying of the foundation stone for its new university campus at Sultan Haitham City in the Wilayat of A Seeb Muscat Governorate. Spanning a total land area of 31 890 sq m the key facility has a capacity to accommodate 2 435 students. It will also house the College of Advanced Technology and the College of Engineering alongside integrated academic administrative and research facilities reported ONA . With a built-up area of 31 200 sq m the new university features a modern architectural design that blends Omani authenticity with contemporary global trends reflecting the university s identity and its vision for academic leadership and institutional excellence. It provides an advanced educational infrastructure capable of accommodating future academic growth. The foundation stone laying ceremony was held in the presence of Dr Khalfan Said Al Shuaili Minister of...
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Oman's National University of Science and Technology recently celebrated the laying of the foundation stone for its new university campus at Sultan Haitham City in the Wilayat of A’Seeb, Muscat Governorate.
Spanning a total land area of 31,890 sq m, the key facility has a capacity to accommodate 2,435 students. It will also house the College of Advanced Technology and the College of Engineering, alongside integrated academic, administrative, and research facilities, reported ONA.
With a built-up area of 31,200 sq m, the new university features a modern architectural design that blends Omani authenticity with contemporary global trends, reflecting the university's identity and its vision for academic leadership and institutional excellence.
It provides an advanced educational infrastructure capable of accommodating future academic growth.
The foundation stone laying ceremony was held in the presence of Dr Khalfan Said Al Shuaili, Minister of...
SLB has completed the acquisition of RESMAN Energy Technology a leading provider of wireless reservoir surveillance and tracer solutions. The addition of RESMAN s specialized tracer technology further strengthens SLB s industry leading portfolio of advanced production and recovery solutions. The acquisition enables SLB to deliver faster and more precise production and reservoir insights by integrating RESMAN s differentiated wireless tracer capabilities with SLB s established expertise in sampling analysis and digital workflows. Operators will benefit from improved operational efficiency enhanced well performance monitoring and improved recovery. This acquisition enhances SLB s ability to deliver differentiated reservoir surveillance and production optimization solutions said Paul Sims president Production Systems ...
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SLB has completed the acquisition of RESMAN Energy Technology, a leading provider of wireless reservoir surveillance and tracer solutions.
The addition of
RESMAN’s specialized tracer technology further strengthens SLB’s industry
leading portfolio of advanced production and recovery solutions.
The acquisition
enables SLB to deliver faster and more precise production and reservoir
insights by integrating RESMAN’s differentiated wireless tracer capabilities
with SLB’s established expertise in sampling, analysis, and digital workflows.
Operators will benefit
from improved operational efficiency, enhanced well performance monitoring, and
improved recovery.
“This acquisition enhances SLB’s ability to deliver differentiated reservoir surveillance and production optimization solutions,” said Paul Sims, president, Production Systems, ...
UAE-based Global South Utilities (GSU) has announced a strategic industrial collaboration with Weiheng a Chinese global manufacturer of battery energy storage systems (BESS) aimed at localising advanced clean-energy manufacturing in Abu Dhabi and supporting the UAE s industrial development energy transformation and Global South supply-chain ambitions. The announcement was made during Abu Dhabi Sustainability Week 2026 reported WAM. Under the partnership GSU will act as the regional platform for market access project integration and downstream deployment connecting Weiheng s energy storage technologies with utility-scale commercial and industrial projects across Africa and Asia. The collaboration combines GSU s experience in developing and deploying clean-energy infrastructure in underserved markets with Weiheng s expertise in energy storage design ...
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UAE-based Global South Utilities (GSU) has announced a strategic industrial collaboration with Weiheng, a Chinese global manufacturer of battery energy storage systems (BESS), aimed at localising advanced clean-energy manufacturing in Abu Dhabi and supporting the UAE’s industrial development, energy transformation, and Global South supply-chain ambitions.
The announcement
was made during Abu Dhabi Sustainability Week 2026, reported WAM.
Under the
partnership, GSU will act as the regional platform for market access, project
integration, and downstream deployment, connecting Weiheng’s energy storage
technologies with utility-scale, commercial, and industrial projects across
Africa and Asia.
The collaboration combines GSU’s experience in developing and deploying clean-energy infrastructure in underserved markets with Weiheng’s expertise in energy storage design, ...
Saudi Arabia and Morocco have signed an executive programme for cooperation on renewable energy including enabling national companies to implement such projects in both countries. The signing was done following a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Morocco s Minister of Energy Transition and Sustainable Development Dr Leila Benali. The programme comes under the memorandum of understanding on energy cooperation signed between the governments of Saudi Arabia and Morocco in May 2022 said a Saudi Press Agency report. The executive programme aims to strengthen the bilateral partnership and expand mutual investment supporting cooperation on renewable energy projects in both countries and in third markets. It also promotes cooperation between the two countries national companies across renewable power generation energy storage grid integration electricity transmission and grid development. The progra...
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Saudi Arabia and Morocco have signed an executive programme for cooperation on renewable energy, including enabling national companies to implement such projects in both countries.
The signing was done following a meeting between Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Morocco's Minister of Energy Transition and Sustainable Development Dr Leila Benali.
The programme comes under the memorandum of understanding on energy cooperation signed between the governments of Saudi Arabia and Morocco in May 2022, said a Saudi Press Agency report.
The executive programme aims to strengthen the bilateral partnership and expand mutual investment, supporting cooperation on renewable energy projects in both countries and in third markets. It also promotes cooperation between the two countries’ national companies across renewable power generation, energy storage, grid integration, electricity transmission, and grid development.
The progra...
The Abu Dhabi Department of Energy (DoE) has launched the new Efficient Appliances Procurement Policy for Government Entities in the Emirate of Abu Dhabi a key enabler under the updated Abu Dhabi Energy and Water Efficiency Strategy 2030. The strategy aims to reduce electricity consumption by 22 percent (equivalent to 19 terawatt-hours TWh) and water consumption by 32 percent (equivalent to 465 million cubic meters m3) by 2030 compared to a 2013 business-as-usual (BAU) baseline said a WAM news agency report. The policy will accelerate energy and water efficiency by ensuring government entities to purchase applicable appliances designed to reduce energy and water consumption. The policy strengthens Abu Dhabi s leadership in sustainable government procurement and signals a broader market shift toward high-efficiency products. By embedding energy and water efficiency as a key decision-making criterion in procurement the policy enhances lifecycle cost sav...
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The Abu Dhabi Department of Energy (DoE) has launched the new "Efficient Appliances Procurement Policy for Government Entities in the Emirate of Abu Dhabi”, a key enabler under the updated Abu Dhabi Energy and Water Efficiency Strategy 2030.
The strategy aims to reduce electricity consumption by 22 percent (equivalent to 19 terawatt-hours, TWh) and water consumption by 32 percent (equivalent to 465 million cubic meters, m3) by 2030, compared to a 2013 business-as-usual (BAU) baseline, said a WAM news agency report.
The policy will accelerate energy and water efficiency by ensuring government entities to purchase applicable appliances designed to reduce energy and water consumption.
The policy strengthens Abu Dhabi’s leadership in sustainable government procurement and signals a broader market shift toward high-efficiency products.
By embedding energy and water efficiency as a key decision-making criterion in procurement, the policy enhances lifecycle cost sav...
Envision a global leader in green technology on Thursday announced the launch of Dubhe its groundbreaking Energy Foundation Model designed to shape the world s largest Physical AI system the AI energy system. Inspired by Dubhe the guiding star of the Big Dipper that has helped humanity navigate by the North Star for thousands of years the Dubhe Energy Foundation Model was unveiled by Lei Zhang Founder and CEO of Envision during the Abu Dhabi Sustainability Week. Dubhe sits at the core of Envision s Physical AI architecture analysing vast real-world energy data streams to orchestrate renewable generation storage grids and demand in real time. By unlocking the abundance of renewable resources and driving costs toward near-zero marginal levels Dubhe enables energy systems to scale in step with AI addressing the unprecedented energy demands that AI places on global infrastructure said the company. For centuries Dubhe guided humanity through th...
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Envision, a global leader in green technology, on Thursday announced the launch of Dubhe, its groundbreaking Energy Foundation Model, designed to shape the world’s largest Physical AI system – the AI energy system.
Inspired by Dubhe, the guiding star of the Big Dipper that has helped humanity navigate by the North Star for thousands of years, the Dubhe Energy Foundation Model was unveiled by Lei Zhang, Founder and CEO of Envision, during the Abu Dhabi Sustainability Week.
Dubhe sits at the core of Envision’s Physical AI architecture, analysing vast real-world energy data streams to orchestrate renewable generation, storage, grids, and demand in real time. By unlocking the abundance of renewable resources and driving costs toward near-zero marginal levels, Dubhe enables energy systems to scale in step with AI – addressing the unprecedented energy demands that AI places on global infrastructure, said the company.
“For centuries, Dubhe guided humanity through th...
The Energy Institute (EI) has awarded an Honorary Fellowship to Dr Sultan Al Jaber recognising his leadership in the energy-AI nexus while driving international collaboration to strengthen global energy systems that underpin sustainable economic growth. The award the Energy Institute s highest honour acknowledges both Dr Al Jaber s transformational deal-making and his role in delivering among the world s lowest cost- and carbon-intensity hydrocarbons while also scaling renewables and applying advanced technology as global energy demand keeps surging to 2040 and beyond. Dr Al Jaber currently serves as the Minister of Industry and Advanced Technology Managing Director and Group CEO of Adnoc Chairman of Masdar and Executive Chairman of XRG. He was presented with his Honorary Fellowship by Dr Nick Wayth FEI Chief Executive of the Energy Institute during Ab...
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The Energy Institute (EI) has awarded an Honorary Fellowship to Dr Sultan Al Jaber, recognising his leadership in the energy-AI nexus, while driving international collaboration to strengthen global energy systems that underpin sustainable economic growth.
The award, the Energy
Institute’s highest honour, acknowledges both Dr Al Jaber’s transformational
deal-making and his role in delivering among the world’s lowest cost- and
carbon-intensity hydrocarbons, while also scaling renewables and applying
advanced technology as global energy demand keeps surging to 2040 and beyond.
Dr Al Jaber currently
serves as the Minister of Industry and Advanced Technology, Managing Director
and Group CEO of Adnoc, Chairman of Masdar and Executive Chairman of XRG.
He was presented with his Honorary Fellowship, by Dr Nick Wayth FEI, Chief Executive of the Energy Institute, during Ab...
Suhail Al Mazrouei Minister of Energy and Infrastructure said the UAE continues to strengthen its global position in sustainable energy driven by a comprehensive national vision and qualitative investments that have accelerated the transition towards clean and renewable energy sources. In statements to the Emirates News Agency (WAM) on the sidelines of Abu Dhabi Sustainability Week 2026 Al Mazrouei said the UAE s installed renewable energy capacity has now exceeded 7.7GW. He added that projects currently under development will raise total capacity to more than 23GW by 2031 reflecting the rapid pace of transformation in the national energy system. He noted that national investments in the renewable and clean energy sector have surpassed AED 190 billion ( 51 billion) demonstrating the high level of confidence placed in this vital sector as a key driver of...
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Suhail Al Mazrouei, Minister of Energy and Infrastructure, said the UAE continues to strengthen its global position in sustainable energy, driven by a comprehensive national vision and qualitative investments that have accelerated the transition towards clean and renewable energy sources.
In statements to the
Emirates News Agency (WAM) on the sidelines of Abu Dhabi Sustainability Week
2026, Al Mazrouei said the UAE’s installed renewable energy capacity has now
exceeded 7.7GW.
He added that projects
currently under development will raise total capacity to more than 23GW by
2031, reflecting the rapid pace of transformation in the national energy
system.
He noted that national investments in the renewable and clean energy sector have surpassed AED 190 billion ($51 billion), demonstrating the high level of confidence placed in this vital sector as a key driver of...
BEEAH a sustainability and innovation pioneer and Abu Dhabi Future Energy Company Masdar a global clean energy leader have signed a Joint Development Agreement (JDA) to identify and develop utility-scale clean energy projects in Sharjah. The JDA was signed by Khaled Al Huraimel Group CEO and Vice Chairman of BEEAH and Mohamed Jameel Al Ramahi CEO of Masdar at the World Future Energy Summit 2026 part of Abu Dhabi Sustainability Week. The agreement provides a framework for the companies to assess select and progress viable solar PV (photovoltaic) projects in the emirate. From project screening through development construction operation and maintenance BEEAH and Masdar will collaborate on end-to-end activities including project feasibility grid impact assessment solar resource assessments and site studies. The framework also allows scope for exploring other clean energy opportunities such as hybrid battery energy storage systems to enhance grid resi...
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BEEAH, a sustainability and innovation pioneer, and Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, have signed a Joint Development Agreement (JDA) to identify and develop utility-scale clean energy projects in Sharjah.
The JDA was signed by Khaled Al Huraimel, Group CEO and Vice Chairman of BEEAH, and Mohamed Jameel Al Ramahi, CEO of Masdar, at the World Future Energy Summit 2026, part of Abu Dhabi Sustainability Week.
The agreement provides a framework for the companies to assess, select and progress viable solar PV (photovoltaic) projects in the emirate. From project screening through development, construction, operation and maintenance, BEEAH and Masdar will collaborate on end-to-end activities, including project feasibility, grid impact assessment, solar resource assessments and site studies. The framework also allows scope for exploring other clean energy opportunities, such as hybrid battery energy storage systems to enhance grid resi...
Trinasolar a leader in smart PV and energy storage solutions has announced its collaboration with Haala Energy a leading solar energy developer and installer in Saudi Arabia during a signing ceremony held at the World Future Energy Summit (WFES) 2026. The collaboration marks a new strategic collaboration aimed at supporting the Kingdom s clean energy ambitions and accelerating the deployment of high-performance integrated solar solutions aligned with Saudi Vision 2030. As part of the collaboration Haala Energy will implement two agricultural solar projects for Bateel date farms with a combined capacity of 1.8 MWp supported by Trinasolar s fully integrated technology portfolio. The projects will deploy high-performance PV modules advanced solar trackers and robotic cleaning systems f...
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Trinasolar, a leader in smart PV and energy storage solutions, has announced its collaboration with Haala Energy, a leading solar energy developer and installer in Saudi Arabia, during a signing ceremony held at the World Future Energy Summit (WFES) 2026.
The collaboration marks a new strategic
collaboration aimed at supporting the Kingdom’s clean energy ambitions and
accelerating the deployment of high-performance, integrated solar solutions
aligned with Saudi Vision 2030.
As part of the collaboration, Haala Energy
will implement two agricultural solar projects for Bateel date farms, with a
combined capacity of 1.8 MWp, supported by Trinasolar’s fully integrated
technology portfolio.
The projects will deploy high-performance PV modules, advanced solar trackers, and robotic cleaning systems f...
Tadweer Group a leader in unlocking the value of waste and Tribe Infrastructure Group an independent infrastructure financial advisor and project developer have signed a Joint Development Agreement (JDA) with Cleanaway Waste Management and Parkes Energy Recovery to develop a world-class Waste to Energy (WtE) facility in Parkes New South Wales (NSW) Australia subject to planning approval. The facility will focus on treating residual waste from the Greater Sydney region to be transported to the Parkes area by rail and road with Tadweer Group as the controlling shareholder. The project also marks a critical milestone in the organisation s journey to build its international WtE portfolio contributing to energy security demands and promoting the transition to a circular economy. Pending development approval and following comprehensive community engagement ...
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Tadweer Group, a leader in unlocking the value of waste, and Tribe Infrastructure Group, an independent infrastructure financial advisor and project developer, have signed a Joint Development Agreement (JDA) with Cleanaway Waste Management and Parkes Energy Recovery to develop a world-class Waste to Energy (WtE) facility in Parkes, New South Wales (NSW), Australia, subject to planning approval.
The facility will
focus on treating residual waste from the Greater Sydney region, to be
transported to the Parkes area by rail and road, with Tadweer Group as the
controlling shareholder.
The project also marks
a critical milestone in the organisation's journey to build its international
WtE portfolio, contributing to energy security demands and promoting the
transition to a circular economy.
Pending development approval and following comprehensive community engagement,...
The 18th World Future Energy Summit part of Abu Dhabi Sustainability Week and hosted by Masdar opened on January 13 at the ADNEC Centre Abu Dhabi and saw a number of key discussions around investment clean energy adoption and cross-border collaborations take shape with announcements worth billions of US dollars set to take place across the three-day event. Opening the Summit Ditte Jørgensen Director General of Directorate-General for Energy (DG ENER) at the European Commission delivered a keynote speech highlighting Europe s commitment to hydrogen as a critical component in its energy transition reported WAM. Emphasising the EU s role in decarbonisation she said the legal framework established to support global and low-carbon hydrogen production means there are significant opportunities within the GCC. The Connecting Europe Facility (CEF) for Energy ...
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The 18th World Future Energy Summit, part of Abu Dhabi Sustainability Week and hosted by Masdar, opened on January 13 at the ADNEC Centre Abu Dhabi, and saw a number of key discussions around investment, clean energy adoption and cross-border collaborations take shape, with announcements worth billions of US dollars set to take place across the three-day event.
Opening the Summit,
Ditte Jørgensen, Director General of Directorate-General for Energy (DG ENER)
at the European Commission, delivered a keynote speech highlighting Europe’s
commitment to hydrogen as a critical component in its energy transition, reported WAM.
Emphasising the EU’s
role in decarbonisation, she said the legal framework established to support
global and low-carbon hydrogen production means there are significant
opportunities within the GCC.
The Connecting Europe Facility (CEF) for Energy, ...
Javier Cavada President and Chief Executive Officer for Europe the Middle East and Africa (EMEA) for Mitsubishi Power said participation in the World Future Energy Summit held as part of Abu Dhabi Sustainability Week reflects the company s commitment to supporting the energy transition in the region and delivering solutions to meet growing demand for electricity artificial intelligence and data centres. In a statement to the Emirates News Agency WAM on the sidelines of the summit Cavada said the Middle East has remained the world s energy hub for three to four decades adding that with the shared ambition and desire to transform the region into a hub for future energy the event has gained exceptional momentum. He explained that the regional market is witnessing unprecedented demand for energy particularly in the clean energy sector through solar and wind power projects stressing the ...
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Javier Cavada, President and Chief Executive Officer for Europe, the Middle East and Africa (EMEA) for Mitsubishi Power, said participation in the World Future Energy Summit, held as part of Abu Dhabi Sustainability Week, reflects the company’s commitment to supporting the energy transition in the region and delivering solutions to meet growing demand for electricity, artificial intelligence and data centres.
In a statement to the
Emirates News Agency, WAM, on the sidelines of the summit, Cavada said the
Middle East has remained the world’s energy hub for three to four decades,
adding that with the shared ambition and desire to transform the region into a
hub for future energy, the event has gained exceptional momentum.
He explained that the regional market is witnessing unprecedented demand for energy, particularly in the clean energy sector through solar and wind power projects, stressing the ...
Masdar a clean energy leader announced that its renewable energy portfolio capacity has reached 65 gigawatts (GW) up from 51GW in 2025 marking two decades since the UAE made the strategic decision to invest early in clean energy. Of the 65GW portfolio 45GW is operational under construction or committed with a further 20GW of advanced pipeline placing Masdar two-thirds of the way to its 100GW by 2030 target. To deliver the next phase of growth Masdar will deploy an additional 30-35 billion in equity and project finance by 2030 adding an average of 10GW of new capacity each year. This expansion will be funded through a disciplined mix of equity green bonds and long-term project financing secured against high-quality assets. As its portfolio scales Masdar will maintain a geographically and technologically diversified...
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Masdar, a clean energy leader, announced that its renewable energy portfolio capacity has reached 65 gigawatts (GW), up from 51GW in 2025, marking two decades since the UAE made the strategic decision to invest early in clean energy.
Of the 65GW portfolio,
45GW is operational, under construction, or committed, with a further 20GW of
advanced pipeline, placing Masdar two-thirds of the way to its 100GW by 2030
target.
To deliver the next
phase of growth, Masdar will deploy an additional $30-35 billion in equity and
project finance by 2030, adding an average of 10GW of new capacity each year.
This expansion will be
funded through a disciplined mix of equity, green bonds and long-term project
financing secured against high-quality assets.
As its portfolio scales, Masdar will maintain a geographically and technologically diversified...
Leading Emirati entity e& enterprise the digital transformation arm of global technology group e& has announced a strategic collaboration with Sergas a UAE-based gas system solutions provider aimed at transforming the way energy operations are run and protected. The Memorandum of Understanding (MoU) signals a shared push toward smarter systems stronger cybersecurity and a better customer experience all driven by innovation. At the core of this collaboration is a suite of integrated digital capabilities designed to elevate Sergas operational efficiency security and customer engagement. GenNext security operations centre Delivered by HELP AG an e& enterprise company the SOC will bolster Sergas cybersecurity posture with advanced threat detection and rapid incident response said the company in a statement. This ensures uninterrupted service delivery increased operational reliability and stronger protection for customer d...
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Leading Emirati entity e& enterprise, the digital transformation arm of global technology group e&, has announced a strategic collaboration with Sergas, a UAE-based gas system solutions provider, aimed at transforming the way energy operations are run and protected.
The Memorandum of Understanding (MoU), signals a shared push toward smarter systems, stronger cybersecurity, and a better customer experience, all driven by innovation. At the core of this collaboration is a suite of integrated digital capabilities designed to elevate Sergas’ operational efficiency, security, and customer engagement.
GenNext security operations centre
Delivered by HELP AG, an e& enterprise company, the SOC will bolster Sergas’ cybersecurity posture with advanced threat detection and rapid incident response, said the company in a statement.
This ensures uninterrupted service delivery, increased operational reliability, and stronger protection for customer d...
Sustainability strategies for the built environment must evolve beyond net-zero targets to deliver measurable environmental impact and long-term return on investment said global industry leaders while speaking at the Smart Building Summit being held on the sidelines of Light Intelligent Building Middle East. The session titled Beyond Net-Zero: Rethinking Sustainability & Energy Efficiency in the Built Environment brought together regional experts to examine how innovative materials renewable energy integration data-driven decision-making and education are reshaping the next phase of sustainable development across the Middle East. From an education and skills perspective the session highlighted the growing availability of accredited programmes in the UAE in vital subjects including sustainability digital twins artificial intelligence and facilities management. Moderated by Sila Egridere Urban Development Director at the Mayors of Europe the panel i...
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Sustainability strategies for the built environment must evolve beyond net-zero targets to deliver measurable environmental impact and long-term return on investment, said global industry leaders while speaking at the Smart Building Summit being held on the sidelines of Light + Intelligent Building Middle East.
The session, titled “Beyond Net-Zero: Rethinking Sustainability & Energy Efficiency in the Built Environment”, brought together regional experts to examine how innovative materials, renewable energy integration, data-driven decision-making and education are reshaping the next phase of sustainable development across the Middle East.
From an education and skills perspective, the session highlighted the growing availability of accredited programmes in the UAE in vital subjects including sustainability, digital twins, artificial intelligence and facilities management.
Moderated by Sila Egridere, Urban Development Director at the Mayors of Europe, the panel i...
Saudia Dairy & Foodstuff Company (Sadafco) has signed a solar lease agreement with Yellow Door Energy a leading sustainable energy partner for businesses in the Middle East and Africa for the installation of a 2 900 kilowatt-peak (kWp) solar project. As per the deal the key facility will bring clean electricity to Sadafco s ice cream and milk factories in Jeddah its tomato paste factory in Dammam a regional distribution center in Riyadh and three depots in Yanbu Tabuk and Makkah. Over 4 700 solar panels will be installed across 13 connection points to accommodate Sadafco s existing energy infrastructure said the statement from Sadafco. Construction is starting next month and the project is expected to be completed before the end of 2026. Under the solar lease agreement Yellow Door Energy is responsible for financing designing constructing commissioning operating and maintaining the solar power plants. The solar lease model ...
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Saudia Dairy & Foodstuff Company (Sadafco) has signed a solar lease agreement with Yellow Door Energy, a leading sustainable energy partner for businesses in the Middle East and Africa, for the installation of a 2,900 kilowatt-peak (kWp) solar project.
As per the deal, the key facility will bring clean electricity to Sadafco’s ice cream and milk factories in Jeddah, its tomato paste factory in Dammam, a regional distribution center in Riyadh and three depots in Yanbu, Tabuk and Makkah.
Over 4,700 solar panels will be installed across 13 connection points to accommodate Sadafco’s existing energy infrastructure, said the statement from Sadafco.
Construction is starting next month, and the project is expected to be completed before the end of 2026.
Under the solar lease agreement, Yellow Door Energy is responsible for financing, designing, constructing, commissioning, operating, and maintaining the solar power plants. The solar lease model ...
The Government of Ras Al Khaimah has announced that the third edition of RAK Energy Summit will take place from November 25 to 27 2026 under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi UAE Supreme Council Member and Ruler of Ras Al Khaimah. Organised by Ras Al Khaimah Municipality in partnership with Etihad Water & Electricity the three-day event will be held at the RAK Expo Center. Guided by the theme Create and Contribute to the Sustainable Energy Goals of the Future the summit will bring together regional leaders innovators and decision-makers to explore key priorities policies and partnerships supporting the sustainable energy and climate objectives of the UAE and broader GCC region. Munther bin Shekar Director General of Ras Al Khaimah Municipality said: We are proud to announce the third edition of RAK Energy Summit continuing the momentum of productive discussions and ambitious goals set in previous editions. As Ras Al Khaim...
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The Government of Ras Al Khaimah has announced that the third edition of RAK Energy Summit will take place from November 25 to 27 2026 under the patronage of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah.
Organised by Ras Al Khaimah Municipality in partnership with Etihad Water & Electricity, the three-day event will be held at the RAK Expo Center.
Guided by the theme ‘Create and Contribute to the Sustainable Energy Goals of the Future,’ the summit will bring together regional leaders, innovators, and decision-makers to explore key priorities, policies, and partnerships supporting the sustainable energy and climate objectives of the UAE and broader GCC region.
Munther bin Shekar, Director General of Ras Al Khaimah Municipality, said: “We are proud to announce the third edition of RAK Energy Summit, continuing the momentum of productive discussions and ambitious goals set in previous editions. As Ras Al Khaim...
Senior energy market analysts and advisory leaders have confirmed their participation as speakers at the Libya Energy & Economic Summit (LEES) 2026 as Libya accelerates upstream investment advances its first licensing round in nearly two decades and targets crude oil production of 1.6 million barrels per day (bpd) by the end of 2026. Haythem Rashed Managing Director Quidux Consulting Limited; Jennifer Jumbe Director-Energy & Natural Resources S&P Global Commodity Insights; and Cristina Tomé Martinez Technical Research Associate Director-Upstream Energy S&P Global Commodity Insights will contribute expert market perspectives at the event. Scheduled for January 24-26 2026 in Tripoli the fourth edition of LEES is held under the theme Infrastructure & Investment Driving Energy Growth and is officially endorsed by the Office of the Prime Minister the Ministry of Oil and Gas and the National Oil Corporation (NOC). The summit takes place as Li...
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Senior energy market analysts and advisory leaders have confirmed their participation as speakers at the Libya Energy & Economic Summit (LEES) 2026, as Libya accelerates upstream investment, advances its first licensing round in nearly two decades and targets crude oil production of 1.6 million barrels per day (bpd) by the end of 2026.
Haythem Rashed, Managing Director, Quidux Consulting Limited; Jennifer Jumbe, Director-Energy & Natural Resources, S&P Global Commodity Insights; and Cristina Tomé Martinez, Technical Research Associate Director-Upstream Energy, S&P Global Commodity Insights, will contribute expert market perspectives at the event.
Scheduled for January 24-26, 2026, in Tripoli, the fourth edition of LEES is held under the theme “Infrastructure & Investment Driving Energy Growth” and is officially endorsed by the Office of the Prime Minister, the Ministry of Oil and Gas and the National Oil Corporation (NOC). The summit takes place as Li...
While no one-size-fits-all solution exists systemic innovation can transform the future of energy systems a new report by the International Renewable Energy Agency (Irena) finds. Released during a Ministerial Dialogue on the role of Artificial Intelligence (AI) at Irena s Assembly the Innovation landscape for sustainable development powered by renewables shows transformation happens when technological innovation is woven together with innovation in policy regulation market design system operation and business models. The report spotlights 40 innovations from AI and digital applications to solutions for modernising grids through smarter planning and off-grid solutions as well as new business models. It concludes that only a systemic integrated approach can deliver resilient power systems broaden energy access ensure affordability and realise the full promise of the energy transition. Today s report is the third in the series of Innovation L...
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While no “one-size-fits-all” solution exists, systemic innovation can transform the future of energy systems, a new report by the International Renewable Energy Agency (Irena) finds.
Released during a Ministerial Dialogue on the role of Artificial Intelligence (AI) at Irena’s Assembly, the Innovation landscape for sustainable development powered by renewables shows transformation happens when technological innovation is woven together with innovation in policy, regulation, market design, system operation and business models.
The report spotlights 40 innovations, from AI and digital applications to solutions for modernising grids through smarter planning and off-grid solutions, as well as new business models.
It concludes that only a systemic, integrated approach can deliver resilient power systems, broaden energy access, ensure affordability, and realise the full promise of the energy transition.
Today’s report is the third in the series of Innovation L...
Egypt has signed renewable energy deals worth a combined 1.8 billion state TV reported. Among the deals were contracts with Norwegian renewable energy developer Scatec and China s Sungrow. Egypt hopes to have renewable energy reach 42 per cent of its electricity generation mix by 2030 but officials say the goal will be at risk without more international support reported Reuters. The first project will be the construction by Scatec of a solar energy plant to generate electricity and energy storage stations in Upper Egypt s Minya an Egyptian cabinet statement said. It would have a generation capacity of 1.7 gigawatts supported by battery storage systems with total capacity of 4 gigawatt hours. A second project will be a Sungrow factory to manufacture energy storage batteries at the Suez Canal Economic Zone. A share of the factory s output would be supplied to the first project the cabinet said. The deals also include power purchase...
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Egypt has signed renewable energy deals worth a combined $1.8 billion, state TV reported.
Among the deals were contracts with Norwegian renewable energy developer Scatec and China's Sungrow.
Egypt hopes to have renewable energy reach 42 per cent of its electricity generation mix by 2030, but officials say the goal will be at risk without more international support, reported Reuters.
The first project will be the construction by Scatec of a solar energy plant to generate electricity and energy storage stations in Upper Egypt's Minya, an Egyptian cabinet statement said.
It would have a generation capacity of 1.7 gigawatts supported by battery storage systems with total capacity of 4 gigawatt hours.
A second project will be a Sungrow factory to manufacture energy storage batteries at the Suez Canal Economic Zone.
A share of the factory's output would be supplied to the first project, the cabinet said.
The deals also include power purchase...
Danfoss the Danish multinational engineering group has announced that it has acquired the district energy software of Enfor a leading energy forecasting and optimisation solutions provider in Europe. Danfoss had been a minority shareholder in Enfor since 2020. By fully acquiring its district heating software business Danfoss enhances the capabilities and accuracy of its Leanheat network suite for district energy utilities to include data-driven temperature optimization intelligent load forecasting and micro weather forecasting which support district energy utilities and energy companies with their green transitions. The Danfoss Leanheat solution combines cutting-edge technology data analytics and artificial intelligence to optimise energy consumption and improve operational efficiency of district energy and buildings. District Energy is an important topic for Danfoss and very much relevant for our region where we focus more on District Coolin...
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Danfoss, the Danish multinational engineering group, has announced that it has acquired the district energy software of Enfor, a leading energy forecasting and optimisation solutions provider in Europe.
Danfoss had been a minority shareholder in Enfor since 2020. By fully acquiring its district heating software business, Danfoss enhances the capabilities and accuracy of its Leanheat network suite for district energy utilities to include data-driven temperature optimization, intelligent load forecasting and micro weather forecasting, which support district energy utilities and energy companies with their green transitions.
The Danfoss Leanheat solution combines cutting-edge technology, data analytics, and artificial intelligence to optimise energy consumption and improve operational efficiency of district energy and buildings.
"District Energy is an important topic for Danfoss, and very much relevant for our region, where we focus more on District Coolin...
Francesco La Camera Director-General of the International Renewable Energy Agency (I rena ) said that renewable energy sources have become the dominant force in the global energy system stressing that this transformation is irreversible. In statements to the Emirates News Agency (WAM) La Camera noted that investments linked to energy transition activities have reached a new record high of around 2.4 trillion including approximately 800 billion allocated to production capacity alone. This he said reflects the accelerating pace of investment in renewable energy and other energy sources. He emphasised the need to increase annual investments to more than 5 trillion to align the global trajectory with the goals of the Paris Agreement pointing out that while the overall direction and progress are positive significantly greater efforts are required in the coming phas...
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Francesco La Camera, Director-General of the International Renewable Energy Agency (Irena), said that renewable energy sources have become the dominant force in the global energy system, stressing that this transformation is irreversible.
In statements to the
Emirates News Agency (WAM), La Camera noted that investments linked to energy
transition activities have reached a new record high of around $2.4 trillion,
including approximately $800 billion allocated to production capacity alone.
This, he said, reflects the accelerating pace of investment in renewable energy
and other energy sources.
He emphasised the need to increase annual investments to more than $5 trillion to align the global trajectory with the goals of the Paris Agreement, pointing out that while the overall direction and progress are positive, significantly greater efforts are required in the coming phas...
African Export-Import Bank (Afreximbank) has provided a 64 million Acquisition Finance Facility to Levene Energy Development. The facility supports Levene Energy s equity commitment to Bluecore Gas Infraco enabling the acquisition of a 30 per cent equity stake in Axxela one of West Africa s leading gas and power infrastructure companies. This transaction provides Levene Energy with direct entry into Nigeria s regulated midstream and downstream gas sectors. It marks a significant diversification from its core oil and refined petroleum products trading business into stable long-term infrastructure-backed earnings reflecting Levene Energy s objective to transition to a fully integrated energy company with recurring revenue streams anchored on infrastructure-backed assets. /...
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African Export-Import Bank (Afreximbank) has provided a $64 million Acquisition Finance Facility to Levene Energy Development.
The facility supports Levene Energy’s
equity commitment to Bluecore Gas Infraco enabling the acquisition of a 30 per
cent equity stake in Axxela, one of West Africa’s leading gas and power
infrastructure companies.
This transaction provides Levene Energy
with direct entry into Nigeria’s regulated midstream and downstream gas
sectors.
It marks a significant diversification from
its core oil and refined petroleum products trading business into stable,
long-term infrastructure-backed earnings, reflecting Levene Energy’s objective
to transition to a fully integrated energy company with recurring revenue
streams anchored on infrastructure-backed assets.
The 16th International Renewable Energy Agency (Irena) Assembly convenes from January 11-12 2026 in Abu Dhabi marking the first international energy meeting of the year. Under the theme Powering Humanity: Renewable Energy for Shared Prosperity the global gathering will bring together 1500 ministers and high-level delegates from Irena s 171 Member States CEOs investors international organisations and youth to build a shared agenda and international cooperation priorities for a better energy future the international community can rally in 2026. Key discussions will focus on regional energy transitions critical enablers like grids energy planning digital innovation and Artificial Intelligence (AI) mobilising finance including sustainable aviation fuels as well as the question of how renewables can boost agri-foods systems and green industrialisation. /o:p...
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The 16th International Renewable Energy Agency (Irena) Assembly convenes from January 11-12, 2026, in Abu Dhabi – marking the first international energy meeting of the year.
Under the theme
'Powering Humanity: Renewable Energy for Shared Prosperity,' the global
gathering will bring together 1500 ministers and high-level delegates from
Irena’s 171 Member States, CEOs, investors, international organisations and
youth to build a shared agenda and international cooperation priorities for a
better energy future the international community can rally in 2026.
Key discussions will
focus on regional energy transitions, critical enablers like grids, energy
planning, digital innovation and Artificial Intelligence (AI), mobilising
finance including sustainable aviation fuels as well as the question of how
renewables can boost agri-foods systems and green industrialisation.
As the world navigates rising energy demand geopolitical uncertainty and accelerating climate commitments the critical choices shaping the future of global energy will be at the forefront of India Energy Week (IEW) 2026 being held in Goa from January 27 to 30. The first major international energy gathering of the year IEW 2026 will bring together ministers from around the world industry leaders policymakers financial institutions academia and technology providers at a decisive moment for international energy markets said the event organisers. The platform will focus on strengthening energy security mobilising investment and advancing practical scalable pathways for decarbonisation. The International Energy Agency s World Energy Outlook 2025 projects that India alone will contribute more than 35% of global incremental energy demand by 2050. Against this backdrop policymakers and companies face growing pressure to work together to strengthen resilien...
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As the world navigates rising energy demand, geopolitical uncertainty and accelerating climate commitments, the critical choices shaping the future of global energy will be at the forefront of India Energy Week (IEW) 2026 being held in Goa from January 27 to 30.
The first major international energy gathering of the year, IEW 2026 will bring together ministers from around the world, industry leaders, policymakers, financial institutions, academia and technology providers at a decisive moment for international energy markets, said the event organisers.
The platform will focus on strengthening energy security, mobilising investment and advancing practical, scalable pathways for decarbonisation.
The International Energy Agency’s World Energy Outlook 2025 projects that India alone will contribute more than 35% of global incremental energy demand by 2050. Against this backdrop, policymakers and companies face growing pressure to work together to strengthen resilien...
Work is moving at a steady pace on strategic energy and water projects in Al Ain region which are due for completion as per schedule according to the Department of Energy - Abu Dhabi (DoE). These projects are aimed at enhancing the efficiency of energy and water services strengthening operational readiness to meet the requirements of population growth and development in Al Ain Region thus supporting resource sustainability and improving service quality for community members businesses and companies it stated. At a meeting held yesterday (January 9) with a delegation from DoE Sheikh Hazza bin Zayed Al Nahyan the Ruler s Representative in Al Ain Region reviewed the region s key strategic energy and water projects. Sheikh Hazza highlighted the importance of strengthening co-operation among all relevant entities to enhance the long-term efficiency of services in this vital sector in line with best practices and standards. He also emphasised the nee...
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Work is moving at a steady pace on strategic energy and water projects in Al Ain region which are due for completion as per schedule, according to the Department of Energy - Abu Dhabi (DoE).
These projects are aimed at enhancing the efficiency of energy and water services, strengthening operational readiness to meet the requirements of population growth and development in Al Ain Region, thus supporting resource sustainability and improving service quality for community members, businesses and companies, it stated.
At a meeting held yesterday (January 9) with a delegation from DoE, Sheikh Hazza bin Zayed Al Nahyan, the Ruler’s Representative in Al Ain Region, reviewed the region’s key strategic energy and water projects.
Sheikh Hazza highlighted the importance of strengthening co-operation among all relevant entities to enhance the long-term efficiency of services in this vital sector, in line with best practices and standards.
He also emphasised the nee...
The IPTC Summit on AI for the Energy Industry will bring together decision-makers technologists and domain experts to examine how artificial intelligence (AI) is reshaping upstream operations and the broader energy value chain. It is being held from January 13-14 2026 at the Conrad Hotel in Dubai under the theme Transforming Energy Through AI: Innovation Intelligence Impact. OGN energy magazine is a media partner. Pinar Yilmaz the IPTC Summit Chair said: IPTC is uniquely organised by four professional societies: AAPG EAGE SEG & SPE serving as the only fully integrated major joint event in the Middle East and Asia. We are a vital hub for geoscientists and engineers fostering collaboration on integrated technical solutions to address the evolving needs of the energy sector while promoting impactful decarbonisation solutions. Abdulkarim AlMaazmi Managing Director E&P and CEO of Dragon Oil and summit Co-Chair said: T...
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The IPTC Summit on AI for the Energy Industry will bring together decision-makers, technologists, and domain experts to examine how artificial intelligence (AI) is reshaping upstream operations and the broader energy value chain.
It is being held from January 13-14, 2026 at the Conrad Hotel in Dubai under the theme, ‘Transforming Energy Through AI: Innovation, Intelligence, Impact.
OGN energy magazine is a media partner.
Pinar Yilmaz, the IPTC Summit Chair, said: “IPTC is uniquely organised by four professional societies: AAPG, EAGE, SEG & SPE, serving as the only fully integrated major joint event in the Middle East and Asia. We are a vital hub for geoscientists and engineers, fostering collaboration on integrated technical solutions to address the evolving needs of the energy sector while promoting impactful decarbonisation solutions.”
Abdulkarim AlMaazmi, Managing Director E&P and CEO of Dragon Oil, and summit Co-Chair, said: “T...
Algeria s state-owned oil company Sonatrach and the Ghana National Petroleum Corporation (GNPC) have signed a Memorandum of Understanding under the auspices of the African Petroleum Producers Organisation (APPO) formalising a strategic partnership focused on research development and innovation in Africa s oil and gas sector. Signed in Brazzaville Republic of Congo in the presence of APPO Secretary General Farid Ghezali the agreement establishes a framework for joint opportunity assessment expertise sharing and structured collaboration to support energy security and sustainable development across the continent. The MoU underscores APPO s growing role in uniting African producers and reflects a broader shift among natio...
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Algeria’s
state-owned oil company Sonatrach and the Ghana National Petroleum
Corporation (GNPC) have signed a Memorandum of Understanding under the
auspices of the African Petroleum Producers Organisation (APPO),
formalising a strategic partnership focused on research, development, and
innovation in Africa’s oil and gas sector. Signed in
Brazzaville, Republic of Congo, in the presence of APPO Secretary General Farid
Ghezali, the agreement establishes a framework for joint opportunity
assessment, expertise sharing, and structured collaboration to support energy
security and sustainable development across the continent. The MoU underscores APPO’s growing role in uniting African producers and reflects a broader shift among natio... Germany's renewable energy capacity up 11pc in 2025Germany stepped up the construction of solar panels and wind turbines last year with installed renewable energy capacity rising by 11 per cent to around 210 gigawatts the country s energy regulator said. The Federal Network Agency said the pace of expansion was close to that of previous years after capacity grew by about 12 percent in both 2023 and 2024. Solar power accounted for more than half of Germany s total installed renewable energy capacity last year reaching 117 gigawatts. Newly added solar capacity totalled 16.4 gigawatts with the southern state of Bavaria leading the expansion at 4.5 gigawatts. So-called balcony power plants small photovoltaic systems installed by households also gained importance. Registered mini solar un... Read MoreGermany's renewable energy capacity up 11pc in 2025
Germany stepped up the construction of solar panels and wind turbines last year, with installed renewable energy capacity rising by 11 per cent to around 210 gigawatts, the country’s energy regulator said. The Federal Network
Agency said the pace of expansion was close to that of previous years, after
capacity grew by about 12 percent in both 2023 and 2024. Solar power accounted
for more than half of Germany’s total installed renewable energy capacity last
year, reaching 117 gigawatts. Newly added solar
capacity totalled 16.4 gigawatts, with the southern state of Bavaria leading
the expansion at 4.5 gigawatts. So-called balcony
power plants, small photovoltaic systems installed by households, also gained
importance. Registered mini solar un... EDF eyes pioneering blockchain-based solutions for Saudi energy sectorEDF International Regional Headquarters (EDF RHQ) has announced a strategic agreement with droppRWA a technology leader at the forefront of the Real-World Asset that will see the duo explore pioneering blockchain-based solutions for the energy sector in the Kingdom of Saudi Arabia. The MoU establishes a framework for both organisations to explore the integration of decentralised technologies within the Saudi energy landscape. The collaboration focuses on assessing the potential for blockchain-based protocols to streamline inter-company transactions the tokenisation of real-world energy assets to improve project liquidity and the development of innovative frameworks for the carbon credit industry. The EDF Group is a major player in the energy transition as an integrated energy operator engaged in all aspects of the energy business: power generation distribution trading energy sales and energy services. The Group is a world leader in low-carb... Read MoreEDF eyes pioneering blockchain-based solutions for Saudi energy sector
EDF International Regional Headquarters (EDF RHQ) has announced a strategic agreement with droppRWA, a technology leader at the forefront of the Real-World Asset, that will see the duo explore pioneering blockchain-based solutions for the energy sector in the Kingdom of Saudi Arabia. The MoU establishes a framework for both organisations to explore the integration of decentralised technologies within the Saudi energy landscape. The collaboration focuses on assessing the potential for blockchain-based protocols to streamline inter-company transactions, the tokenisation of real-world energy assets to improve project liquidity and the development of innovative frameworks for the carbon credit industry. The EDF Group is a major player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carb... EDF RHQ, droppRWA to explore energy financing solutions in Saudi ArabiaEDF International Regional Headquarters (EDF RHQ) and droppRWA have signed a Memorandum of Understanding (MoU) to explore blockchain-based solutions for the energy sector in Saudi Arabia. The MoU establishes a framework for both organisations to explore the integration of decentralised technologies within the Saudi energy landscape. The collaboration focuses on assessing the potential for blockchain-based protocols to streamline inter-company transactions the tokenisation of real-world energy assets to improve project liquidity and the development of innovative frameworks for the carbon credit industry. By bringing energy assets on-chain ranging from renewable energy installations to thermal assets the partnership seeks to modernise financing structures and drive transparency throughout t... Read MoreEDF RHQ, droppRWA to explore energy financing solutions in Saudi Arabia
EDF International Regional Headquarters (EDF RHQ) and droppRWA have signed a Memorandum of Understanding (MoU) to explore blockchain-based solutions for the energy sector in Saudi Arabia. The MoU establishes a framework for both
organisations to explore the integration of decentralised technologies within
the Saudi energy landscape. The collaboration focuses on assessing the
potential for blockchain-based protocols to streamline inter-company
transactions, the tokenisation of real-world energy assets to improve project
liquidity, and the development of innovative frameworks for the carbon credit
industry. By bringing energy assets on-chain, ranging from renewable energy installations to thermal assets, the partnership seeks to modernise financing structures and drive transparency throughout t... IPTC Summit brings energy leaders to Dubai for AI-focused dialogueDubai will host global energy leaders this January as the IPTC Summit on AI for the Energy Industry takes place on January 13 14 2026 at the Conrad Hotel bringing together decision-makers technologists and domain experts to examine how artificial intelligence is reshaping upstream operations and the broader energy value chain. Pinar Yilmaz IPTC Summit Chair said: IPTC is uniquely organised by four professional societies: AAPG EAGE SEG & SPE serving as the only fully integrated major joint event in the Middle East and Asia. We are a vital hub for geoscientists and engineers fostering collaboration on integrated technical solutions to address the evolving needs of the energy sector while promoting impactful decarbonization solutions. The Summit s theme is: Transforming Energy Through AI: Innovation Intelligence Impact. /... Read MoreIPTC Summit brings energy leaders to Dubai for AI-focused dialogue
Dubai will host global energy leaders this January as the IPTC Summit on AI for the Energy Industry takes place on January 13–14, 2026 at the Conrad Hotel, bringing together decision-makers, technologists, and domain experts to examine how artificial intelligence is reshaping upstream operations and the broader energy value chain. Pinar Yilmaz, IPTC Summit Chair, said: “IPTC
is uniquely organised by four professional societies: AAPG, EAGE, SEG &
SPE, serving as the only fully integrated major joint event in the Middle East
and Asia. We are a vital hub for geoscientists and engineers, fostering
collaboration on integrated technical solutions to address the evolving needs
of the energy sector while promoting impactful decarbonization solutions.” The Summit’s theme is: Transforming Energy
Through AI: Innovation, Intelligence, Impact. Oman’s Energy Ministry launches efficiency excellence awardOman s Ministry of Energy and Minerals launched the energy efficiency excellence award in support of the transition toward environmental and economic sustainability in line with the objectives of Oman Vision 2040. This step aims at stimulating innovation and enhancing energy-use efficiency across both the public and private sectors reported ONA. The Ministry affirmed that the award aims to encourage government and private entities to adopt innovative and effective solutions in the field of energy efficiency. Government entities include all ministries authorities institutions and municipalities in addition to public hospitals and government universities while private entities include universities companies and establishments across various industrial commercial residential and service sectors. The award is presented under two main categories: Best Project in t... Read MoreOman’s Energy Ministry launches efficiency excellence award
Oman’s Ministry of Energy and Minerals launched the energy efficiency excellence award, in support of the transition toward environmental and economic sustainability, in line with the objectives of Oman Vision 2040. This step aims at stimulating innovation and enhancing energy-use efficiency across both the public and private sectors, reported ONA. The Ministry affirmed
that the award aims to encourage government and private entities to adopt
innovative and effective solutions in the field of energy efficiency.
Government entities include all ministries, authorities, institutions, and
municipalities, in addition to public hospitals and government universities,
while private entities include universities, companies, and establishments
across various industrial, commercial, residential, and service sectors. The award is presented under two main categories: Best Project in t... India’s KP Group eyes $4bn investment in Botswana’s clean energy sectorKP Group a leading renewable energy company has signed a MoU with the Government of the Republic of Botswana to collaborate on large-scale renewable energy generation energy storage and transmission infrastructure. The agreement follows the recent visit of President Droupadi Murmu to the African nation thus reflecting the strengthening bilateral cooperation between the two nations in clean energy development. The agreement was signed between Botswana s Ministry of Minerals and Energy and KP Group comprising KPI Green Energy Limited KP Energy Limited and KP Green Engineering Limited. As per the agreement KP Group and the Government of Botswana will jointly develop renewable energy and allied infrastructure projects involving an estimated capital investment of Rs360 billion ( 4 billion). These projects are expected to add nearly 5 gigawatts of renewable energy capacity. The partnership supports Botswana s ambition to achieve net-zero ... Read MoreIndia’s KP Group eyes $4bn investment in Botswana’s clean energy sector
KP Group, a leading renewable energy company, has signed a MoU with the Government of the Republic of Botswana to collaborate on large-scale renewable energy generation, energy storage, and transmission infrastructure. The agreement follows the recent visit of President Droupadi Murmu to the African nation, thus reflecting the strengthening bilateral cooperation between the two nations in clean energy development. The agreement was signed between Botswana’s Ministry of Minerals and Energy and KP Group, comprising KPI Green Energy Limited, KP Energy Limited, and KP Green Engineering Limited. As per the agreement, KP Group and the Government of Botswana will jointly develop renewable energy and allied infrastructure projects involving an estimated capital investment of Rs360 billion ($4 billion). These projects are expected to add nearly 5 gigawatts of renewable energy capacity. The partnership supports Botswana’s ambition to achieve net-zero ... Natural gas accounts for 70% of Mubadala Energy production portfolioNatural gas accounts for about 70 percent of Mubadala Energy s production portfolio the company s Chief Operating Officer Adnan Bu Fateem said describing 2025 as a pivotal year for the company s international expansion. In statements to the Emirates News Agency (WAM) Bu Fateem said the company entered the US market this year and advanced several strategic gas projects in Southeast Asia under a long-term strategy aimed at balancing global energy security with energy transition goals. He said that Mubadala Energy sees natural gas as a key element with lower emissions than more carbon-intensive energy sources. Mubadala Energy s approach is based on long-term investments that generate stable returns across multiple geographies he said adding that this diversification helps the portfolio withstand market volatility. Bu Fateem said Mubadala Energy invested in the US Caturus natural gas and LNG portfolio giving it exposure across the gas value chain in one... Read MoreNatural gas accounts for 70% of Mubadala Energy production portfolio
Natural gas accounts for about 70 percent of Mubadala Energy’s production portfolio, the company’s Chief Operating Officer Adnan Bu Fateem said, describing 2025 as a "pivotal" year for the company’s international expansion. In statements to the Emirates News Agency (WAM), Bu Fateem said the company entered the US market this year and advanced several strategic gas projects in Southeast Asia under a long-term strategy aimed at balancing global energy security with energy transition goals. He said that Mubadala Energy sees natural gas as a key element with lower emissions than more carbon-intensive energy sources. "Mubadala Energy’s approach is based on long-term investments that generate stable returns across multiple geographies," he said, adding that this diversification helps the portfolio withstand market volatility. Bu Fateem said Mubadala Energy invested in the US Caturus natural gas and LNG portfolio, giving it exposure across the gas value chain in one... Enoc Group advances critical energy infrastructure in East AfricaHussain Lootah Acting CEO of Enoc Group and Chairman of the Horizon Djibouti Terminals (HDTL) Board has concluded a high-level strategic visit to Djibouti and Ethiopia. This high-level visit underscored Enoc Group s commitment to advancing critical energy infrastructure projects across East Africa and fostering international collaboration for sustainable regional development and social impact. During his visit to Djibouti Lootah met with Ismail Omar Guelleh President of Djibouti where he commended the rapid pace of infrastructure development in the country and held discussions focused on accelerating the expansion of critical storage infrastructure. The Acting CEO was accompanied by members of the executive management including Fahad Askar CEO of Horizon Terminals (HTL) and Omar Kassou General Manager o... Read MoreEnoc Group advances critical energy infrastructure in East Africa
Hussain Lootah, Acting CEO of Enoc Group and Chairman of the Horizon Djibouti Terminals (HDTL) Board, has concluded a high-level strategic visit to Djibouti and Ethiopia. This high-level visit
underscored Enoc Group’s commitment to advancing critical energy infrastructure projects
across East Africa and fostering international collaboration for sustainable
regional development and social impact. During his visit to
Djibouti, Lootah met with Ismail Omar Guelleh, President of Djibouti, where he
commended the rapid pace of infrastructure development in the country and held
discussions focused on accelerating the expansion of critical storage
infrastructure. The Acting CEO was accompanied by members of the executive management, including Fahad Askar, CEO of Horizon Terminals (HTL) and Omar Kassou, General Manager o... Al Maktoum Solar Park's clean energy capacity hits record 3.86GW in 2025The Mohammed bin Rashid Al Maktoum Solar Park continued in 2025 to implement a strategic expansion plan that reinforces its role in supporting the transition to clean energy recording tangible increases in current production capacity and expanding targets for upcoming phases. This progress further consolidates the implementation of the Dubai Clean Energy Strategy 2050 and the Carbon Neutrality Strategy 2050. During the year the solar park s total installed capacity rose to 3 860MW of clean energy following the addition of 800MW utilising both photovoltaic panels and concentrated solar power (CSP) technologies. This reflects the accelerated pace of delivery of the project s advanced phases. This capacity represents around 21.5% of the total power generation capacity of Dubai Electricity and Water Authority (DEWA) highlighting the sustained growth of solar energy s contribution to Dubai s energy mix. The new capacity additions implemented as part of... Read MoreAl Maktoum Solar Park's clean energy capacity hits record 3.86GW in 2025
The Mohammed bin Rashid Al Maktoum Solar Park continued in 2025 to implement a strategic expansion plan that reinforces its role in supporting the transition to clean energy, recording tangible increases in current production capacity and expanding targets for upcoming phases. This progress further consolidates the implementation of the Dubai Clean Energy Strategy 2050 and the Carbon Neutrality Strategy 2050. During the year, the solar park’s total installed capacity rose to 3,860MW of clean energy, following the addition of 800MW, utilising both photovoltaic panels and concentrated solar power (CSP) technologies. This reflects the accelerated pace of delivery of the project’s advanced phases. This capacity represents around 21.5% of the total power generation capacity of Dubai Electricity and Water Authority (DEWA), highlighting the sustained growth of solar energy’s contribution to Dubai’s energy mix. The new capacity additions, implemented as part of... Vallourec, Geostock partner on energy storage solutionsVallourec a leader in premium seamless tubular solutions and Geostock a specialist in underground storage of energy have signed a Memorandum of Understanding (MoU) to strengthen their collaboration in developing the infrastructure required for the energy transition particularly for hydrogen and carbon capture utilisation and storage (CCUS). This collaboration focuses especially on hydrogen storage where the companies have a complementary product and services offering. Together Vallourec and Geostock can support the full range of storage needs of the green hydrogen value chain. Vallourec s turnkey Delphy storage system is capable of storing up to 100 ton ne s of hydrogen under maximum safety conditions while Geostock s mined lined rock caverns are ideal for larger ... Read MoreVallourec, Geostock partner on energy storage solutions
Vallourec, a leader in premium seamless tubular solutions, and Geostock, a specialist in underground storage of energy, have signed a Memorandum of Understanding (MoU) to strengthen their collaboration in developing the infrastructure required for the energy transition, particularly for hydrogen and carbon capture, utilisation, and storage (CCUS). This collaboration
focuses especially on hydrogen storage, where the companies have a
complementary product and services offering. Together, Vallourec
and Geostock can support the full range of storage needs of the green hydrogen
value chain. Vallourec’s turnkey Delphy storage system is capable of storing up to 100 tonnes of hydrogen under maximum safety conditions, while Geostock’s mined lined rock caverns are ideal for larger ... World Future Energy Summit 2026 to address solar power challengeThe World Future Energy Summit 2026 hosted by Masdar and part of Abu Dhabi Sustainability Week will address key economic and geopolitical challenges facing the rapidly expanding solar-energy industry. Taking place at Abu Dhabi National Exhibition Centre (ADNEC) from January 13 15 the Summit s Solar and Clean Energy Conference and Exhibition will explore technologies and strategies convening thought leaders policymakers and innovators to refine solar energy management across the Middle East and North Africa (MENA). In 2024 global solar power installations soared to 597 gigawatts representing a 33 per cent surge over the previous year. This has pushed global capacity to more than 2 terawatts (TW) according to SolarPower Europe s latest Global Market Outlook. p class= MsoNormal ... Read MoreWorld Future Energy Summit 2026 to address solar power challenge
The World Future Energy Summit 2026, hosted by Masdar and part of Abu Dhabi Sustainability Week, will address key economic and geopolitical challenges facing the rapidly expanding solar-energy industry. Taking place at Abu Dhabi National Exhibition Centre (ADNEC) from January 13–15, the Summit’s Solar and Clean Energy Conference and Exhibition will explore technologies and strategies, convening thought leaders, policymakers, and innovators to refine solar energy management across the Middle East and North Africa (MENA). In 2024, global solar power installations soared to 597 gigawatts, representing a 33 per cent surge over the previous year. This has pushed global capacity to more than 2 terawatts (TW), according to SolarPower Europe’s latest Global Market Outlook.
Mubadala partners with Actis to invest in Rezolv EnergyMubadala Investment Company has committed circa 300 million ( 351 million) to partner with leading growth market sustainable infrastructure investor Actis in Rezolv Energy a rapidly scaling independent renewable energy platform in Central and Eastern Europe. Since Actis has launched and invested in Rezolv Energy it has emerged as a player in clean power generation in Central and Eastern Europe and is helping companies and countries across the region meet their energy needs in response to energy security challenges and climate policies. The platform has made significant progress since launch with approximately 750MW of renewable energy projects under construction in Romania and Bulgaria and an additional 1.5GW pipeline of projects in advanced development including Europe s largest solar power generation project Dama in Romania. /... Read MoreMubadala partners with Actis to invest in Rezolv Energy
Mubadala Investment Company has committed circa €300 million ($351 million) to partner with leading growth market sustainable infrastructure investor Actis in Rezolv Energy, a rapidly scaling independent renewable energy platform in Central and Eastern Europe. Since Actis has
launched and invested in Rezolv Energy, it has emerged as a player in clean
power generation in Central and Eastern Europe and is helping companies and
countries across the region meet their energy needs in response to energy
security challenges and climate policies. The platform has made
significant progress since launch, with approximately 750MW of renewable energy
projects under construction in Romania and Bulgaria and an additional 1.5GW
pipeline of projects in advanced development, including Europe’s largest solar
power generation project, Dama in Romania. Chalhoub signs solar lease deal with Yellow Door EnergyChalhoub Group a premier luxury retailer in the Middle East has announced that it has signed a solar lease agreement with Yellow Door Energy the leading sustainable energy partner for businesses in the Middle East and Africa to bring clean electricity to Chalhoub Group s state-of-the-art fulfilment hub in Riyadh Saudi Arabia. The 848 kilowatt-peak (kWp) solar project features a rooftop solar power plant that will be 100% off-grid removing reliance on the local utility s grid. Over 1 380 solar panels will be installed which are expected to generate 1.2 million kilowatt-hours (kWh) of clean energy in the first year of operation. This is equivalent to reducing carbon emissions by 460 metric tonnes. Construction has already started and the project is expected to be completed by early 2026. Under the solar lease agreement Yellow Door Energy will be responsible for financing designing constructing commissioning operating and maintaining the... Read MoreChalhoub signs solar lease deal with Yellow Door Energy
Chalhoub Group, a premier luxury retailer in the Middle East, has announced that it has signed a solar lease agreement with Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, to bring clean electricity to Chalhoub Group’s state-of-the-art fulfilment hub in Riyadh, Saudi Arabia. The 848 kilowatt-peak (kWp) solar project features a rooftop solar power plant that will be 100% off-grid, removing reliance on the local utility’s grid. Over 1,380 solar panels will be installed, which are expected to generate 1.2 million kilowatt-hours (kWh) of clean energy in the first year of operation. This is equivalent to reducing carbon emissions by 460 metric tonnes. Construction has already started, and the project is expected to be completed by early 2026. Under the solar lease agreement, Yellow Door Energy will be responsible for financing, designing, constructing, commissioning, operating and maintaining the... Energy Development Oman upgraded to investment grade by Fitch RatingsFitch Ratings has upgraded the credit rating of Energy Development Oman (EDO) to investment grade at BBB- assigning a stable outlook. This action follows the agency s recent upgrade of Oman s sovereign credit rating to the same level. In its report Fitch affirmed the company s standalone credit profile at bbb . The agency based its assessment on the scale of EDO s integrated operations across the oil and gas sectors the stability of its cash flows underpinned by long-term gas sales contracts resilient government revenue streams a prudent dividend policy and manageable debt levels reported ONA. With this rating action EDO becomes one of the few companies to hold investment-grade status from both Fitch and Standard & Poor s. The latter agency upgraded EDO to BBB- in September 2024. This achievement underscores the company s improved financial metrics and robust financial health. The investment-grade rating is expec... Read MoreEnergy Development Oman upgraded to investment grade by Fitch Ratings
Fitch Ratings has upgraded the credit rating of Energy Development Oman (EDO) to investment grade at 'BBB-', assigning a stable outlook. This action follows the agency's recent upgrade of Oman's sovereign credit rating to the same level. In its report, Fitch affirmed the company's standalone credit profile at 'bbb+'. The agency based its assessment on the scale of EDO’s integrated operations across the oil and gas sectors, the stability of its cash flows underpinned by long-term gas sales contracts, resilient government revenue streams, a prudent dividend policy and manageable debt levels, reported ONA. With this rating action, EDO becomes one of the few companies to hold investment-grade status from both Fitch and Standard & Poor's. The latter agency upgraded EDO to 'BBB-' in September 2024. This achievement underscores the company's improved financial metrics and robust financial health. The investment-grade rating is expec... Global energy demand rising steadily to meet AI needs: UAE Energy MinisterSuhail Al Mazrouei UAE Minister of Energy and Infrastructure said global energy demand is witnessing steady growth driven by the expanding needs of artificial intelligence (AI) and large-scale data centres forecasting increased demand across all energy sources including fossil fuels which remain part of the global energy mix. He said the UAE is well-positioned to help meet rising global demand through continued investment in the energy sector. In statements to the Emirates News Agency (WAM) during the UAE Energy Forum 2025 Al Mazrouei said that the UAE s clean energy capacity has surpassed 12.4 gigawatts comprising 6.8 GW from renewables and 5.6 GW from peaceful nuclear energy. The UAE aims to reach 22 GW of renewable capacity by 2031 accounting for more than 35 percent of its total energy mix. Al Mazrouei noted that by the end of 2024 the UAE had fulfilled approximately 90 percent of its AED200 billion ( 54.4 billion) investment plan for renew... Read MoreGlobal energy demand rising steadily to meet AI needs: UAE Energy Minister
Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said global energy demand is witnessing steady growth driven by the expanding needs of artificial intelligence (AI) and large-scale data centres, forecasting increased demand across all energy sources, including fossil fuels, which remain part of the global energy mix. He said the UAE is well-positioned to help meet rising global demand through continued investment in the energy sector. In statements to the Emirates News Agency (WAM) during the UAE Energy Forum 2025, Al Mazrouei said that the UAE’s clean energy capacity has surpassed 12.4 gigawatts, comprising 6.8 GW from renewables and 5.6 GW from peaceful nuclear energy. The UAE aims to reach 22 GW of renewable capacity by 2031, accounting for more than 35 percent of its total energy mix. Al Mazrouei noted that by the end of 2024, the UAE had fulfilled approximately 90 percent of its AED200 billion ($54.4 billion) investment plan for renew... Action Energy Company completes listing on Boursa KuwaitAction Energy Company (AEC) a leading Kuwaiti onshore drilling and oilfield services provider said it has successfully commenced trading on Boursa Kuwait s Premier Market following the completion of its private placement (Offering) and trading. The company raised KD55.1 million ( 180 million) from local and international investors. A total of 260 million ordinary shares were offered to qualified investors representing 45.9% of the company s total issued share capital. The offer price was set at 212 Fils per share with AEC s market capitalisation at approximately KD120.1 million ( 391.5 million). Commenting on the listing AEC Vice Chairman Eng Rawaf Ibrahim Bourisli said: Today marks a transformative milestone as Action Energy Company joins Boursa Kuwait as a publicly listed company. Since 2015 we have built a reputation as Kuwait s leading onshore drilling and oilfield services provider with a contract backlog of KD324 million as of June 2025. ... Read MoreAction Energy Company completes listing on Boursa Kuwait
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, said it has successfully commenced trading on Boursa Kuwait’s Premier Market following the completion of its private placement (Offering) and trading. The company raised KD55.1 million ($180 million) from local and international investors. A total of 260 million ordinary shares were offered to qualified investors, representing 45.9% of the company’s total issued share capital. The offer price was set at 212 Fils per share, with AEC’s market capitalisation at approximately KD120.1 million ($391.5 million). Commenting on the listing, AEC Vice Chairman Eng Rawaf Ibrahim Bourisli said: "Today marks a transformative milestone as Action Energy Company joins Boursa Kuwait as a publicly listed company. Since 2015, we have built a reputation as Kuwait's leading onshore drilling and oilfield services provider, with a contract backlog of KD324 million as of June 2025." ... GCCIA, 'Sustainable Energy' Organisation sign MoU on multi-sector cooperationThe GCC Interconnection Authority (GCCIA) and the Sustainable Energy organisation signed a memorandum of understanding (MoU) to establish a framework for cooperation in scientific research energy efficiency sustainability and specialised events organisation. GCCIA s CEO Ahmed Al-Ebrahim signed the MoU with Sustainable Energy organisation s Chairman Dr. Sami Al-Nuaim at the authority s headquarters in Dammam reported SPA. The agreement aims to foster productive collaboration between the two sides across industrial developmental strategic academic scientific research and training domains. It seeks to strengthen mutual understanding enhance relations and facilitate knowledge exchange in cooperation areas. Under the MoU both parties will coordinate efforts to raise public awareness of energy issues organise conferences and scientific forums and adopt specialised initiatives and projects that support national sustainability g... Read MoreGCCIA, 'Sustainable Energy' Organisation sign MoU on multi-sector cooperation
The GCC Interconnection Authority (GCCIA) and the Sustainable Energy organisation signed a memorandum of understanding (MoU) to establish a framework for cooperation in scientific research, energy efficiency, sustainability, and specialised events organisation. GCCIA's CEO Ahmed Al-Ebrahim signed the MoU with Sustainable Energy organisation's Chairman Dr. Sami Al-Nuaim at the authority's headquarters in Dammam, reported SPA. The agreement aims to foster productive collaboration between the two sides across industrial, developmental, strategic, academic, scientific, research, and training domains. It seeks to strengthen mutual understanding, enhance relations, and facilitate knowledge exchange in cooperation areas. Under the MoU, both parties will coordinate efforts to raise public awareness of energy issues, organise conferences and scientific forums, and adopt specialised initiatives and projects that support national sustainability g... Ewec opens registration for Q1 clean energy certificates auctionEmirates Water and Electricity Company (Ewec) a leading company in the integrated coordination of planning purchasing supply and system despatch services for water and electricity across the UAE has announced the opening of registration for its Q1 2026 Clean Energy Certificates (CECs) auction which is scheduled to close on January 9 2026. CECs are the only accredited instrument in Abu Dhabi verifying the environmental and economic benefits of consuming clean energy. Issued in units of 1 megawatt-hour (MWh) CECs conform to the internationally recognised International Renewable Energy Certificate Standard (I-REC Standard). Ewec acts as the scheme s Single Registrant and Auction Operator. The Q1 auction follows sustained growth in participation across Abu Dhabi s economy as businesses organisations and individuals increasingly use CECs issued by the Abu Dhabi Department of Energy to verify that their electricity consumption is sourced from renewable... Read MoreEwec opens registration for Q1 clean energy certificates auction
Emirates Water and Electricity Company (Ewec), a leading company in the integrated coordination of planning, purchasing, supply, and system despatch services for water and electricity across the UAE, has announced the opening of registration for its Q1 2026 Clean Energy Certificates (CECs) auction, which is scheduled to close on January 9, 2026. CECs are the only accredited instrument in Abu Dhabi verifying the environmental and economic benefits of consuming clean energy. Issued in units of 1 megawatt-hour (MWh), CECs conform to the internationally recognised International Renewable Energy Certificate Standard (I-REC Standard). Ewec acts as the scheme’s Single Registrant and Auction Operator. The Q1 auction follows sustained growth in participation across Abu Dhabi’s economy, as businesses, organisations, and individuals increasingly use CECs, issued by the Abu Dhabi Department of Energy, to verify that their electricity consumption is sourced from renewable... Qingdao Port boosts efficiency with low-carbon green energyGreen energy has slashed carbon emissions and boosted efficiency at Qingdao Port in east China s Shandong Province this year. According to China Central Television (CCTV) with nearly 240 foreign trade routes Qingdao Port connects over 700 ports in more than 180 countries and regions worldwide. Since the beginning of this year Qingdao Port has integrated solar and wind power generation and energy storage systems with its photovoltaic projects producing around 25 million kilowatt-hours of electricity annually. Nearly 80 per cent of Qingdao Port s operational vehicles use new energy and clean energy accounts for 69 per cent of the port s total energy consumption. Such green measures can reduce carbon dioxide emissions by about 20 000 tonnes each year. China s first hydrogen-powered tugboat b... Read MoreQingdao Port boosts efficiency with low-carbon green energy
Green energy has slashed carbon emissions and boosted efficiency at Qingdao Port in east China's Shandong Province this year. According to China
Central Television (CCTV), with nearly 240 foreign trade routes, Qingdao Port
connects over 700 ports in more than 180 countries and regions worldwide. Since the beginning of
this year, Qingdao Port has integrated solar and wind power generation and
energy storage systems, with its photovoltaic projects producing around 25
million kilowatt-hours of electricity annually. Nearly 80 per cent of
Qingdao Port's operational vehicles use new energy, and clean energy accounts
for 69 per cent of the port's total energy consumption. Such green measures
can reduce carbon dioxide emissions by about 20,000 tonnes each year. China's first hydrogen-powered tugboat b... Saudi–Bahrain energy ties boosted by ACWA Power–Bapco Energies dealACWA Power and Bapco Energies announced a Joint Development Agreement (JDA) for the development of a solar power plant integrated with large scale battery energy storage technology in the Eastern Province of Saudi Arabia. The announcement of this strategic agreement took place during the Saudi Bahraini Coordination Council meeting held in December 2025. Under the terms of the agreement the two parties committed to jointly developing a solar power plant with a projected generation capacity of up to 2.8 GW over several phases. All the electricity generated will be transmitted to the load center of Bapco Energies in Bahrain supporting Bahrain s national energy needs and accelerating the Kingdom s transition to renewable energy sources. Raad Al Saady Vice Chairman and Managing Director of ACWA Power said: T... Read MoreSaudi–Bahrain energy ties boosted by ACWA Power–Bapco Energies deal
ACWA Power and Bapco Energies announced a Joint Development Agreement (JDA) for the development of a solar power plant integrated with large scale battery energy storage technology, in the Eastern Province of Saudi Arabia. The announcement of
this strategic agreement took place during the Saudi–Bahraini Coordination
Council meeting held in December 2025. Under the terms of the
agreement, the two parties committed to jointly developing a solar power plant
with a projected generation capacity of up to 2.8 GW over several phases. All the electricity generated will be transmitted to the load center of Bapco Energies in Bahrain, supporting Bahrain’s national energy needs and accelerating the Kingdom’s transition to renewable energy sources. Raad Al Saady, Vice Chairman and Managing Director of ACWA Power, said: “T... SEC, GE Vernova and Bpifrance sign $3bn pact to boost global energy projectsThe Saudi Electricity Company (SEC) has announced that it has signed a tri-party agreement with French bank Bpifrance and GE Vernova a purpose-built energy technology company to facilitate financing for energy sector projects worth up to 3 billion. The agreement aims to strengthen international cooperation accelerate the development of innovative energy solutions and support Saudi Arabia s ongoing transition toward sustainable and low-carbon power systems said SEC in a statement. As part of the collaboration the parties will work together to finance and implement advanced technologies that enhance grid performance efficiency and reliability. According to SEC the partnership underscores its commitmen... Read MoreSEC, GE Vernova and Bpifrance sign $3bn pact to boost global energy projects
The Saudi Electricity Company (SEC) has announced that it has signed a tri-party agreement with French bank Bpifrance and GE Vernova, a purpose-built energy technology company, to facilitate financing for energy sector projects worth up to $3 billion. The agreement aims to strengthen international cooperation, accelerate the development of innovative energy solutions, and support Saudi Arabia’s ongoing transition toward sustainable and low-carbon power systems, said SEC in a statement. As part of the collaboration, the parties will work together to finance and implement advanced technologies that enhance grid performance, efficiency, and reliability. According to SEC, the partnership underscores its commitmen... Global energy jobs rise 2.2pc despite labour shortages: IEAStrong investment in energy infrastructure drove a 2.2 per cent rise in energy jobs last year nearly double the rate of employment growth for the wider global economy according to a new International Energy Agency (IEA) report which highlights the dynamic trends across the sector as well as bottlenecks for skilled labour in key areas. The World Energy Employment 2025 report released finds that global energy sector employment reached 76 million people worldwide in 2024 up more than 5 million from 2019. The sector has contributed 2.4 per cent of all net jobs created across the global economy over the past five years. The power sector is leading the way on job creation accounting for three-quarters of recent employment growth and is now the largest employer in energy overtaking fuel supply. Solar PV is a ... Read MoreGlobal energy jobs rise 2.2pc despite labour shortages: IEA
Strong investment in energy infrastructure drove a 2.2 per cent rise in energy jobs last year, nearly double the rate of employment growth for the wider global economy, according to a new International Energy Agency (IEA) report, which highlights the dynamic trends across the sector as well as bottlenecks for skilled labour in key areas. The World
Energy Employment 2025 report released finds that global energy sector
employment reached 76 million people worldwide in 2024, up more than 5 million
from 2019. The sector has
contributed 2.4 per cent of all net jobs created across the global economy over
the past five years. The power sector is
leading the way on job creation, accounting for three-quarters of recent
employment growth, and is now the largest employer in energy, overtaking fuel
supply. Solar PV is a ... GE Vernova’s Kuwait Technology Centre marks 10-year anniversaryThe Kuwait Direct Investment Promotion Authority (KDIPA) and GE Vernova celebrated the milestone 10-year anniversary of GE Vernova s Kuwait Technology Centre under the patronage and in the presence of Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah. Marking a decade of strategic collaboration between the two entities the landmark celebrations affirmed Kuwait s national commitment to technological innovation and fostering knowledge transfer to drive forward the ambitious goals of Vision 2035. Conceived in 2015 as a critical enabler for the energy transition Kuwait Technology Centre is a 6 000 square meter flagship facility with state-of-the-art Training Tooling and Engineering centers and is managed and operated by highly skilled Kuwaiti professionals. This first-of-its-kind site o... Read MoreGE Vernova’s Kuwait Technology Centre marks 10-year anniversary
The Kuwait Direct Investment Promotion Authority (KDIPA) and GE Vernova celebrated the milestone 10-year anniversary of GE Vernova’s Kuwait Technology Centre, under the patronage and in the presence of Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah. Marking a decade of strategic collaboration
between the two entities, the landmark celebrations affirmed Kuwait’s national
commitment to technological innovation and fostering knowledge transfer to
drive forward the ambitious goals of Vision 2035. Conceived in 2015 as a critical enabler for
the energy transition, Kuwait Technology Centre is a 6,000 square meter
flagship facility with state-of-the-art Training, Tooling, and Engineering centers
and is managed and operated by highly skilled Kuwaiti professionals. This first-of-its-kind site o... Kanoo Energy, TECO Motors partner to expand electric motor replacement services to Aramco, BahrainKanoo Energy a division of Kanoo Industrial & Energy under the Yusuf Bin Ahmed Kanoo Group has signed a strategic distribution agreement with TECO Motors for electric motor replacement at Aramco and in Bahrain. TECO is a leader in industrial motor and drive technologies with Westinghouse heritage and high-class engineering capability. The partnership will see Kanoo Energy represent and distribute TECO s portfolio of high-efficiency electric motors and related solutions to Aramco and across Bahrain providing the oil and gas and other industries with reliable and energy-efficient technologies. With decades of experience in serving critical industrial sectors Kanoo Energy is positioned to bridge the gap between global technology providers and local operational needs. The agreement ensures that Bahraini industries gain access to world-class electric solutions complemented by dedicated local service technical expertise and faster response times enablin... Read MoreKanoo Energy, TECO Motors partner to expand electric motor replacement services to Aramco, Bahrain
Kanoo Energy, a division of Kanoo Industrial & Energy under the Yusuf Bin Ahmed Kanoo Group, has signed a strategic distribution agreement with TECO Motors for electric motor replacement at Aramco and in Bahrain. TECO is a leader in industrial motor and drive technologies with Westinghouse heritage and high-class engineering capability. The partnership will see Kanoo Energy represent and distribute TECO’s portfolio of high-efficiency electric motors and related solutions to Aramco and across Bahrain, providing the oil and gas and other industries with reliable, and energy-efficient technologies. With decades of experience in serving critical industrial sectors, Kanoo Energy is positioned to bridge the gap between global technology providers and local operational needs. The agreement ensures that Bahraini industries gain access to world-class electric solutions complemented by dedicated local service, technical expertise, and faster response times, enablin... Saudi's Technology of Petroleum Services wins global recognitionSaudi-based Technology of Petroleum Services (TPS) has won big recognition for the quality of its Mechanical Joint Integrity (MJI) training in the kingdom at the 13th annual Engineering Construction Industry (ECI) Training and Development Awards in London. The prestigious ceremony organised by the Engineering Construction Industry Training Board (ECITB) is to honour the very best of engineering construction talent in Great Britain and globally. It celebrated excellence in training and development in the ECI which spans sectors that focus on the construction maintenance and decommissioning of heavy industry such as oil and gas renewables power generation and chemicals. The Technology of Petroleum Services is a global provider of advanced tools and solutions for the upstream and downstream oil and gas industry petrochemical plants industrial facilities manufacturers and contracting companies. TPS was named Middle East and Caspian regional winner... Read MoreSaudi's Technology of Petroleum Services wins global recognition
Saudi-based Technology of Petroleum Services (TPS) has won big recognition for the quality of its Mechanical Joint Integrity (MJI) training in the kingdom at the 13th annual Engineering Construction Industry (ECI) Training and Development Awards in London. The prestigious ceremony, organised by the Engineering Construction Industry Training Board (ECITB), is to honour the very best of engineering construction talent in Great Britain and globally. It celebrated excellence in training and development in the ECI, which spans sectors that focus on the construction, maintenance and decommissioning of heavy industry, such as oil and gas, renewables, power generation and chemicals. The Technology of Petroleum Services is a global provider of advanced tools and solutions for the upstream and downstream oil and gas industry, petrochemical plants, industrial facilities, manufacturers and contracting companies. TPS was named Middle East and Caspian regional winner... Mubadala Energy, PLN EPI sign deal to boost Indonesia’s energy resilienceMubadala Energy the Abu Dhabi headquartered international energy company and PLN Energi Primer Indonesia (PLN EPI) a subsidiary of Indonesia s energy and electricity supplier have signed a Heads of Agreement (HoA) to supply gas from its gas fields in the Andaman Sea. This framework marks a significant milestone for Indonesia s energy sector. Through this proposed partnership Mubadala Energy and PLN EPI will work together to enhance Indonesia s energy resilience and reinforce national energy security by reducing the reliance on LNG and developing sustainable solutions to address growing domestic demand. The HoA provides the foundations for prioritising energy supply for North Sumatra and Aceh including leveraging the potential of the Tangkulo gas field which lies roughly 65 kilometres offshore North Sumatra with over 2 Trillion Cubic Feet (TCF) of gas-in-place. p clas... Read MoreMubadala Energy, PLN EPI sign deal to boost Indonesia’s energy resilience
Mubadala Energy, the Abu Dhabi headquartered international energy company, and PLN Energi Primer Indonesia (PLN EPI), a subsidiary of Indonesia’s energy and electricity supplier, have signed a Heads of Agreement (HoA) to supply gas from its gas fields in the Andaman Sea. This framework marks a significant milestone for Indonesia’s energy sector. Through this proposed partnership, Mubadala Energy and PLN EPI will work together to enhance Indonesia’s energy resilience and reinforce national energy security by reducing the reliance on LNG and developing sustainable solutions to address growing domestic demand. The HoA provides the foundations for prioritising energy supply for North Sumatra and Aceh, including leveraging the potential of the Tangkulo gas field, which lies roughly 65 kilometres offshore North Sumatra, with over 2 Trillion Cubic Feet (TCF) of gas-in-place.
Over 100 energy stakeholders gather to act on methane pledges in AfricaT he International Energy Agency (IEA) convened a regional workshop in Abuja Nigeria focused on translating commitments to reduce methane emissions into concrete action. Co-hosted with Nigeria s Ministry of Petroleum Resources and the African Energy Commission (AFREC) the workshop explored regional opportunities and challenges while sharing international best practices and cost-effective solutions. The event brought together over 100 participants from across Africa and beyond including government officials regulators industry representatives and international organisations. In addition to the host country Nigeria participants from eight other African countries joined from across the continent representing Cameroon Côte d Ivoire Gabon Ghana Mauritania Mozambique Senegal and Uganda. ... Read MoreOver 100 energy stakeholders gather to act on methane pledges in Africa
The International Energy Agency (IEA) convened a regional workshop in Abuja, Nigeria, focused on translating commitments to reduce methane emissions into concrete action. Co-hosted with
Nigeria’s Ministry of Petroleum Resources and the African Energy Commission
(AFREC), the workshop explored regional opportunities and challenges, while
sharing international best practices and cost-effective solutions. The event brought
together over 100 participants from across Africa and beyond, including
government officials, regulators, industry representatives and international
organisations. In addition to the
host country, Nigeria, participants from eight other African countries joined
from across the continent, representing Cameroon, Côte d’Ivoire, Gabon, Ghana,
Mauritania, Mozambique, Senegal and Uganda. World Future Energy Summit 2026 to spotlight potential of AI in MideastAs artificial intelligence emerges as a transformative force in the clean energy sector the World Future Energy Summit 2026 will spotlight its vast potential to reshape energy production transmission and efficient data-driven distribution. Running from January 13-15 at Abu Dhabi National Exhibition Centre (ADNEC) the three-day show is an integral part of Abu Dhabi Sustainability Week 2026. With the theme of AI running across all seven conference tracks at this year s show the 2026 edition will build on that momentum raising the bar with the launch of the FUSE AI Zone a dedicated platform where more than... Read MoreWorld Future Energy Summit 2026 to spotlight potential of AI in Mideast
As artificial intelligence emerges as a transformative force in the clean energy sector, the World Future Energy Summit 2026 will spotlight its vast potential to reshape energy production, transmission, and efficient, data-driven distribution. Running from January 13-15 at Abu Dhabi National Exhibition Centre (ADNEC), the three-day show is an integral part of Abu Dhabi Sustainability Week 2026. With the theme of AI running across all seven conference tracks at this year’s show, the 2026 edition will build on that momentum, raising the bar with the launch of the FUSE AI Zone, a dedicated platform where more than... Eni completes school renewable energy access programme in TataouineEni inaugurated the photovoltaic plant installed at the Lycée de Tataouine in southern Tunisia in the presence of local authorities and the Italian Ambassador to Tunisia Alessandro Prunas. The event marked the completion of the company s programme to install solar panels in public schools across the Tataouine region involving 14 primary and secondary institutions for a total installed capacity of around 200 kW and a direct impact on approximately 7 000 people including students teachers and school staff. The participating schools now benefit from a stable and renewable energy source capable of ensuring continuity in educational activities while reducing their environmental footprint. The project significantly contributes to improving basic services in the region and lowering energy costs for schools freeing up resources that can be redirected toward the dev... Read MoreEni completes school renewable energy access programme in Tataouine
Eni inaugurated the photovoltaic plant installed at the “Lycée de Tataouine” in southern Tunisia, in the presence of local authorities and the Italian Ambassador to Tunisia, Alessandro Prunas. The event marked the completion of the company’s programme to install solar panels in public schools across the Tataouine region, involving 14 primary and secondary institutions, for a total installed capacity of around 200 kW and a direct impact on approximately 7,000 people, including students, teachers, and school staff.
The participating schools now benefit from a stable and renewable energy source
capable of ensuring continuity in educational activities while reducing their
environmental footprint. The project significantly contributes to improving basic services in the region and lowering energy costs for schools, freeing up resources that can be redirected toward the dev... Kanoo Energy expands Bahrain electrification with TECO MotorsKanoo Energy a division of Kanoo Industrial & Energy under the Yusuf Bin Ahmed Kanoo Group has signed a strategic distribution agreement with TECO Motors a leader in industrial motor and drive technologies. The partnership will see Kanoo Energy represent and distribute TECO s portfolio of high-efficiency electric motors and related solutions across Bahrain providing local industries with reliable energy-efficient technologies and support services. Under this agreement Kanoo Energy will supply TECO Motors complete range of electric solutions including high-efficiency motors variable speed drives and custom-engineered solutions. These offerings are complemented by value-added services such as installation commissioning and after-sales support ensuring a seamless customer exper... Read MoreKanoo Energy expands Bahrain electrification with TECO Motors
Kanoo Energy, a division of Kanoo Industrial & Energy under the Yusuf Bin Ahmed Kanoo Group, has signed a strategic distribution agreement with TECO Motors, a leader in industrial motor and drive technologies. The partnership will see Kanoo Energy
represent and distribute TECO’s portfolio of high-efficiency electric motors
and related solutions across Bahrain, providing local industries with reliable,
energy-efficient technologies and support services. Under this agreement, Kanoo Energy will
supply TECO Motors’ complete range of electric solutions, including
high-efficiency motors, variable speed drives, and custom-engineered solutions.
These offerings are complemented by value-added services such as installation, commissioning, and after-sales support, ensuring a seamless customer exper... UAE announces $1bn energy portfolio in YemenThe UAE announced the launch of a 1 billion energy projects portfolio in Yemen covering several governorates and aimed at supporting the rebuilding of the country s electricity sector. The portfolio will be implemented by the UAE-based Global South Utilities through solar and wind energy projects advanced battery energy-storage solutions and the development of distribution networks in continuation of the projects the company is already carrying out in Yemen. During the opening session of the National Energy Conference in Aden Ali Alshimmari GSU s Managing Director and CEO said: This one-billion-dollar portfolio expands an energy system capable of supporting a larger economy and a more active market in Yemen. We are investing in real reliable energy capacity that opens a new cycle ... Read MoreUAE announces $1bn energy portfolio in Yemen
The UAE announced the launch of a $1 billion energy projects portfolio in Yemen, covering several governorates and aimed at supporting the rebuilding of the country’s electricity sector. The portfolio will be implemented by the
UAE-based Global South Utilities through solar and wind energy projects,
advanced battery energy-storage solutions, and the development of distribution
networks, in continuation of the projects the company is already carrying out
in Yemen. During the opening session of the National
Energy Conference in Aden, Ali Alshimmari, GSU’s Managing Director and CEO,
said: “This one-billion-dollar portfolio expands an energy system capable of
supporting a larger economy and a more active market in Yemen.” “We are investing in real, reliable energy capacity that opens a new cycle ... DMCC FinX launched to bridge institutional capital, trade and technologyDMCC a leading international business district that drives the flow of global trade through Dubai launched DMCC FinX on Tuesday during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1 000 senior industry figures the conference convened global leaders from precious metals finance policy and technology to examine the forces reshaping the future of the sector. Held under the theme The Future of Precious Metals: Tariffs Tokenisation and Trade Flows DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals digital assets and finance; the rise of tokenisation; and Dubai s accelerating role as a centre of trust transparency and innovation for the global gold and precious metals industry. Keynote speeches were deli... Read MoreDMCC FinX launched to bridge institutional capital, trade and technology
DMCC, a leading international business district that drives the flow of global trade through Dubai, launched DMCC FinX on Tuesday during the 13th Dubai Precious Metals Conference (DPMC) at Atlantis The Palm. Bringing together more than 1,000 senior industry figures, the conference convened global leaders from precious metals, finance, policy and technology to examine the forces reshaping the future of the sector. Held under the theme “The Future of Precious Metals: Tariffs, Tokenisation and Trade Flows,” DPMC 2025 explored the rapid transformation of global commodities markets as geopolitical realignment, emerging technologies and reconfigured trade corridors redefine how value moves worldwide. Discussions centred on the convergence of precious metals, digital assets and finance; the rise of tokenisation; and Dubai’s accelerating role as a centre of trust, transparency and innovation for the global gold and precious metals industry. Keynote speeches were deli... dmg events, Deutsche Messe to launch major new global energy platformdmg events and Deutsche Messe AG (DMAG) two of the world s most established international events organisers have signed a memorandum of understanding (MoU) to jointly develop a major new global energy exhibition and conference set to launch in Germany in 2027. The MoU was signed by Christopher Hudson President of dmg events and Dr Jochen Köckler Chairman of the Board of Deutsche Messe AG during the annual UFI Global Congress in Hong Kong (November 19 22) one of the global exhibition industry s most influential gatherings. The signing marks the beginning of a broader dialogue around long-term collaboration between the two organisations who are exploring additional areas of cooperation and potential joint initiatives in the years ahead said a statement. Global energy demand is rising faster than at any point in the last two decades. Electricity consumption alone is expected to grow by around 25% by 2030 fuelled by population growth urbanisation and r... Read Moredmg events, Deutsche Messe to launch major new global energy platform
dmg events and Deutsche Messe AG (DMAG), two of the world’s most established international events organisers, have signed a memorandum of understanding (MoU) to jointly develop a major new global energy exhibition and conference set to launch in Germany in 2027. The MoU was signed by Christopher Hudson, President of dmg events, and Dr Jochen Köckler, Chairman of the Board of Deutsche Messe AG, during the annual UFI Global Congress in Hong Kong (November 19–22), one of the global exhibition industry’s most influential gatherings. The signing marks the beginning of a broader dialogue around long-term collaboration between the two organisations, who are exploring additional areas of cooperation and potential joint initiatives in the years ahead, said a statement. Global energy demand is rising faster than at any point in the last two decades. Electricity consumption alone is expected to grow by around 25% by 2030, fuelled by population growth, urbanisation and r... National Finance boosts access to energy-efficient tech with Muscat Power PioneerNational Finance Oman s finance company has entered a strategic partnership with Muscat Power Pioneer Company (MPP) a provider of advanced energy and engineering solutions. Through this collaboration National Finance will extend tailored sustainable financing options to individuals and businesses purchasing MPP s solar system design and installation offerings. Under this partnership customers referred by MPP will be able to access National Finance s flexible and inclusive Sustainable Finance solutions for MPP s solar power design and installations empowering individuals and businesses to invest in cleaner safer and more energy-efficient infrastructure with greater ease and affordability. The agreement was signed by Omar Al Fazari General Manager at ... Read MoreNational Finance boosts access to energy-efficient tech with Muscat Power Pioneer
National Finance, Oman’s finance company, has entered a strategic partnership with Muscat Power Pioneer Company (MPP), a provider of advanced energy and engineering solutions. Through this collaboration, National Finance will extend tailored sustainable financing options to individuals and businesses purchasing MPP’s solar system design and installation offerings. Under this partnership, customers referred by MPP will be able to access National Finance’s flexible and inclusive Sustainable Finance solutions for MPP’s solar power design and installations, empowering individuals and businesses to invest in cleaner, safer, and more energy-efficient infrastructure with greater ease and affordability. The agreement was signed by Omar Al Fazari, General Manager at ... SUS Environment delivers lectures on waste-to-energy in RiyadhSUS Environment a China-based integrated service provider for environment and energy delivered lectures on China s advanced waste-to-energy technologies and practices offering new pathways for green development at the 9th International Training Workshop on Waste-to-Energy Technology held in Riyadh Saudi Arabia. This training workshop was dedicated to introducing advanced waste-to-energy technologies to the Middle East helping Saudi Arabia achieve the energy transition goals outlined in its Vision 2030. The workshop brought together 24 trainees from nine countries along with more than 100 representatives from relevant industries and enterprises in the Middle East. It was organised by China s Ministry of Science and Technology and jointly hosted by Zhejiang University and Zh... Read MoreSUS Environment delivers lectures on waste-to-energy in Riyadh
SUS Environment, a China-based integrated service provider for environment and energy, delivered lectures on China's advanced waste-to-energy technologies and practices, offering new pathways for green development at the 9th International Training Workshop on Waste-to-Energy Technology, held in Riyadh, Saudi Arabia. This training workshop
was dedicated to introducing advanced waste-to-energy technologies to the
Middle East, helping Saudi Arabia achieve the energy transition goals outlined
in its "Vision 2030." The workshop brought
together 24 trainees from nine countries, along with more than 100
representatives from relevant industries and enterprises in the Middle East. It was organised by China's Ministry of Science and Technology and jointly hosted by Zhejiang University and Zh... South Africa to fast-track gas projects, secure energy future: MinisterSouth Africa s Minister of Mineral and Petroleum Resources Gwede Mantashe announced that the country is fast-tracking domestic gas development and LNG import projects to mitigate a supply shortfall from Mozambique. He made the announcement during the G20 Africa Energy Investment Forum Hosted by the African Energy Chamber in Johannesburg on November 21. We will continue to develop infrastructure to integrate new deposits and avail gas to South Africa Minister Mantashe stated adding The biggest solution is us. Having access our own gas deposits. The country currently imports 90 per cent of its natural gas via the 865km ROMPCO pipeline from Mozambique s Pande and Temane fields. With South Afri... Read MoreSouth Africa to fast-track gas projects, secure energy future: Minister
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