Tag: ENERGY

Energy, Oil & Gas

KBR appoints Rami Qasem to board of directors

KBR, a global, capital-light lifecycle solutions company serving customers in high-complexity industrial, energy and infrastructure markets, has appointed Rami Qasem to its board of directors effective October 1, 2026....

Energy, Oil & Gas

Gotion wins 75pc of Saudi Arabia's first utility-scale BESS tender

Saudi Arabia has awarded China’s Gotion High-Tech 6 GWh of capacity under its first utility-scale battery energy storage programme, as part of the $1.16 billion G1 project, thus marking a major step in its drive to expand energy storage capacity and support its Vision 2030 energy transition goals. ...

Energy, Oil & Gas

SLB wins major EPC contract for Bisat-B expansion in Oman

Global energy technology company SLB has announced that it has secured a major EPC contract from Omani group OQ Exploration & Production (OQEP) for the expansion of the sultanate's Bisat-B Production Facility. The entire project is scheduled for completion within 19 months. ...

Energy, Oil & Gas

EU energy import bill surges as oil values jump 55.8pc in Q2

The value of the European Union’s petroleum oil imports surged 55.8 per cent in the second quarter of 2026, while volumes remained broadly stable, rising 1.2 per cent to a monthly average of 36.7 million tonnes, according to Eurostat....

Energy, Oil & Gas

US proposes $10bn fund to rebuild Gulf energy infrastructure, new routes

US President Donald Trump has proposed a $10 billion fund to rebuild war-damaged energy infrastructure and develop oil and gas export routes that bypass the Strait of Hormuz, with $5 billion in US funding and a matching $5 billion contribution from Gulf and other regional partners....

Energy, Oil & Gas

Bilfinger wins FEED consultancy contract for key Oman fuels project

Bilfinger has announced that it has secured a major contract from Shinas Marine Fuels to provide Front-End Engineering Design (FEED) consultancy services for the Phase 1 of its oil terminals project in Oman. The work includes provision of consultancy expertise to help define the project's technical and commercial framework. ...

Energy, Oil & Gas

Lamprell named consortium partner for major UAE offshore project

Lamprell, a leading provider of contracting services to the energy sector, has announced that it has been signed up as part of a consortium with Indian construction and engineering conglomerate Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and installation project in UAE. ...

Energy, Oil & Gas

Schneider Electric's Abu Dhabi summit explores energy, AI and industrial software

Schneider Electric has concluded its Innovation Summit Middle East and Africa in Abu Dhabi, bringing together more than 2,500 attendees, including government leaders, industry analysts and partners to examine how the convergence of energy, AI and industrial software is reshaping the region's future. ...

Energy, Oil & Gas

Global energy sector heads to Abu Dhabi for ADIPEC 2026

Global energy leaders, ministers and technology leaders will be in Abu Dhabi this November for ADIPEC 2026, a mega energy conference and exhibition, to assess how to meet rising demand amid geopolitical uncertainty and infrastructure constraints. The event will mobilise investment in resilient and intelligent energy systems. ...

Energy, Oil & Gas

UAE, Germany unveil energy, tech deals worth over $5.8bn

The UAE and Germany have strengthened their strategic economic partnership with a series of agreements spanning energy, industry, renewable power and advanced technology, with the deals potentially enabling more than €5 billion ($5.8 billion) in investment....

Energy, Oil & Gas

Türkiye at energy crossroads as IEA urges faster investment in infrastructure

Türkiye is entering a pivotal phase in the development of its energy sector, with strong economic and population growth driving rising electricity demand and increasing the need for investment in infrastructure, flexibility and energy efficiency, according to a new review by the International Energy Agency (IEA)....

Energy, Oil & Gas

AI, data centres reshape energy demand, says Middle East Energy Director

The rapid growth of artificial intelligence (AI) and data centres is reshaping energy demand and increasing the focus on flexible generation, energy storage, critical power and smart energy management, according to Mark Ring, Group Director of Middle East Energy....

Energy, Oil & Gas

Ian Tyler appointed bp Chair

BP today announced that it has appointed Ian Tyler as Chair of the company following an extensive search process, including both internal and external candidates. He will assume the role immediately....

Energy, Oil & Gas

Saudi Energy signs three agreements to support AI, data centre growth

Saudi Energy has signed three strategic agreements at LEAP 2026 with HUMAIN, center3 and Huawei to strengthen energy and digital infrastructure for Saudi Arabia’s expanding AI and data centre sector, supporting future capacity, investment and technological growth....

Energy, Oil & Gas

Acwa, Veolia team up to cut desalination energy costs

Saudi-listed Acwa has signed an MoU with Veolia in Paris to optimise seawater desalination, combining technical expertise to improve SWRO plant design, operations and equipment selection while reducing energy consumption....

Energy, Oil & Gas

Venezuela's interim President says US energy pact to run for 25 years

Venezuelan interim President Delcy Rodriguez said that a new energy agreement with the US will remain in force for 25 years, targeting crude oil production of more than 1.5 million barrels per day (bpd) while preserving Venezuela’s sovereignty over its natural resources....