Mubadala Energy, the Abu Dhabi headquartered international energy company, has completed the acquisition from Eni of a 15 per cent participating interest in the Nargis Offshore Area (“Nargis”) concession, an offshore exploration block in Egypt....
Wood, Massy and Tagman have launched WMT Guyana, a new joint venture majority-owned by Tagman. The company will provide engineering-led studies, design services, brownfield maintenance, modifications, and early-phase project solutions, combining global expertise with local leadership to support Guyana’s growing energy sector. ...
Saudi Arabia’s Ministry of Energy and Kazakhstan’s Ministry of Foreign Affairs signed an agreement formally establishing the Saudi–Kazakh Coordination Council. The agreement strengthens bilateral ties, expands cooperation across multiple sectors, and enhances collaboration in energy, renewable energy, energy storage, and oil market coordination....
SLB, an energy technology company, has been awarded multiple offshore drilling services contracts by Mubadala Energy, the Abu Dhabi headquartered international energy company, for the Tangkulo natural gas deepwater development and associated exploration and appraisal drilling activities in the Andaman Sea, offshore Indonesia....
Nearly 600 million people in Africa lack electricity, with access growth failing to match population increases. While the IEA estimates $15 billion in annual investment is needed for universal access, current commitments remain under $2.5 billion. This widening funding gap, amid rising demand, presents a significant long-term commercial opportunity. ...
Halliburton, one of the world's leading providers of products and services to the energy industry, has launched the XTR CS injection system, a wireline-retrievable safety valve solution engineered for CO₂ injection in carbon capture, utilisation and storage (CCUS) wells. ...
Oman’s Ministry of Energy and Minerals has signed a concession agreement for Offshore Block 18 to support hydrocarbon exploration and production. Petronas will operate the block with a 70 per cent stake, while OQ Exploration and Production holds 30 per cent. The agreement includes a four-year exploration period, extendable to 30 years if commercial production is achieved. ...
E-world energy & water 2026 opened at Messe Essen with over 1,100 exhibitors from Germany and abroad, showcasing solutions across the energy sector, including generation, trading, grids, metering, AI, digital platforms, hydrogen, storage, electromobility, energy efficiency, and climate protection. ...
Emirates Petroleum Company (Emarat), a pioneer in the UAE’s oil and gas industry, has appointed Burhan Al Hashemi as its new CEO. Burhan brings three decades of experience in the downstream energy sector, with expertise spanning aviation fuels, lubricants, gas and marine fuel supply. ...
GCC nations are charting a bold energy path, expanding oil and gas while ramping up decarbonisation. DNV’s report highlights hydrogen, ammonia, and carbon capture as game-changers, projecting Mena could export half of its hydrogen and ammonia output by 2060, reshaping the global energy market. ...
Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors....
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....
The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility have launched a pilot using Phaidra’s AI technology to improve energy efficiency across data centres and district cooling. The initiative will test advanced AI control systems to optimise AI infrastructure operations. ...
OQ Group welcomed 130 graduates into its 2026 Graduate Development Programme, underlining its public–private partnership with Oman’s Ministry of Labour. The initiative aims to create 600 jobs, supporting sustainable employment, national capacity building, and OQ’s future growth needs. ...
Technology group Wärtsilä will invest approximately EUR 140 million ($165,4 million) to further expand its production capacity by 35 per cent at its technology centre, Sustainable Technology Hub (STH) in Vaasa, Finland and associated global supply chain....
State-owned Kuwait Petroleum Corporation (KPC) plans to invite foreign companies to help develop recent offshore discoveries, as Kuwait looks to accelerate production and apply advanced technologies offshore, according to a Reuters report....
XRG, an international energy investment company based in Abu Dhabi, has signed an agreement with the Ministry of Economy of Azerbaijan to acquire an equity stake in Southern Gas Corridor CJSC (SGC)....
Afreximbank, alongside lead arrangers, secured a $1.75 billion syndicated receivables facility for Sonangol, Angola’s national oil company. The funding supports Sonangol’s operational and capital needs, while promoting African-led financing to drive growth, industrialisation, economic self-reliance, and sovereignty across continent....
NMDC Group, an integrated energy, marine services and EPC specialist in the Mena region, has announced that its business unit has secured a contract from the Department of Municipalities and Transport (DMT) for the execution of dredging and reclamation works in Abu Dhabi. ...
Sustainability Forum Middle East (SFME) has concluded its fourth edition following two days of dialogue and engagement focused on advancing energy and climate transformation. 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....
