Wood boosts North Sea ops with triple extension awards

Wood, a global leader in consulting and engineering, has secured a trio of reimbursable contract extensions worth $118 million to con...

Axess expands Middle East ops with new Doha office

Axess Group has expanded its Middle East operations with the opening of a new office in Doha, Qatar.    ...

EU power grid needs trillion-dollar upgrade to avoid blackouts

Europe's ageing power grid and lack of energy storage capacity will require trillions of dollars in investments to cope w...

Russia's oil price in roubles fall to two-year low

Russia's oil price in roubles has fallen to a two-year low below the 4,000 rouble per barrel mark and some 40% lower than planned...

Oil climbs 2% as price drop triggers buying

Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost...

Adnoc Gas Q1 net income rises 7% to $1.27bn

Adnoc Gas and its subsidiaries, a world-class integrated gas processing and sales company, have announced net income of $1.27 billion a...

Adnoc Distribution posts highest Q1 EBITDA

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, reported a record Q1 EBITDA and fuel volumes that drove do...

Adnoc Drilling wins $806m deal for 3 island rigs

Adnoc Drilling Company has been awarded a contract for three island rigs by Adnoc Offshore for an estimated total contract value of $...

Digitalisation will help attract talent: AVEVA CEO

Will Artificial Intelligence (AI) and digital technologies reduce job opportunities in the industrial and energy sectors, even as the...

Breaking barriers: Women transform energy leadership

The global energy sector has always reflected larger economic and geopolitical shifts, shaped by cycles of growth, disruption, and re...

US drillers cut rigs for first time in three weeks

US energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services fir...

Shell studying merits of buying BP, says report

Shell is working with advisers to evaluate a potential acquisition of rival BP, though it is waiting for further stock and oil price ...

Oil down 2% as OPEC+ accelerates output hikes

Oil prices fell more than 2% on Monday after OPEC+ decided over the weekend to further speed up oil output hikes, spurring co...

OPEC+ to further speed up oil output hikes, says report

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OP...

Maire announces new contract awards worth $1.1bn

Maire, has announced that its subsidiaries Tecnimont and KT-Kinetics Technology have been granted new awards for a total amount of ap...

SABIC losses narrow to $320m in Q1

SABIC, a global leader in chemicals, reported a net loss of SAR1.2 billion ($320 million) for the first quarter of 2025, representing...

UAE supplies 41.4pc of Japan’s oil imports in March 2025

Japan imported 32.48 million barrels of crude oil from the UAE in March 2025, accounting for 41.4 per cent of its total oil imports, ...

Masdar completes acquisition of Greece's largest renewables firm