8/1/2026 9:13:53 AM (Volume: 43 / Issue: 8)
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Tag: ENERGY

Energy, Oil & Gas

Halliburton launches new safety valve system for CO₂ injection wells

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. ...

Energy, Oil & Gas

Oman signs concession agreement for Offshore Block (18)

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. ...

Energy, Oil & Gas

E-world 2026 opens with record exhibitors, energy focus

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. ...

Energy, Oil & Gas

Emarat names Burhan Al Hashemi as new CEO

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. ...

Energy, Oil & Gas

Gulf expands energy exports while cutting emission: DNV report

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. ...

Energy, Oil & Gas

Kuwait Petroleum signs deal for power, steam co-generation project

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....

Energy, Oil & Gas

OQT strengthens Maldives energy trade with finance deal

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....

Energy, Oil & Gas

UAE to launch AI pilot to boost data centre energy efficiency

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. ...

Energy, Oil & Gas

OQ onboards 130 graduates as part of 2026 batch

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. ...

Energy, Oil & Gas

Wärtsilä to expand Finnish production capacity by 35pc

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....

Energy, Oil & Gas

Afreximbank boosts Angola’s energy sector with $1.75bn Sonangol facility

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....

Energy, Oil & Gas

NMDC secures dredging, reclamation works contract in Abu Dhabi

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. ...

Energy, Oil & Gas

SFME draws over 650 leaders on energy transition

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....

Energy, Oil & Gas

KOGS 2026 brings global leaders together on future energy

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....

Energy, Oil & Gas

India Energy Week 2026 highlights global energy partnerships

India Energy Week (IEW) 2026 has opened in Goa, bringing together global policymakers, energy ministers, CEOs, investors and innovators to shape the future of energy security, sustainability and growth. With representatives from nearly 125 countries, the opening day included key speeches from leading global figures, highlighting India’s influence at a time when global energy systems are undergoing transformation....

Energy, Oil & Gas

Reliable partnerships key amid rising global energy demand: Dr Al Jaber

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. ...

Energy, Oil & Gas

Acwa Power to advance renewable energy development in Philippines

Acwa Power has signed a reservation agreement with the Philippines’ BCDA to develop large-scale renewable energy in New Clark City. The collaboration targets a major solar project with potential battery storage integration within the smart, green New Clark City Special Economic Zone north of Manila. ...

Energy, Oil & Gas

Kuwait scraps oil tenders worth $10bn after bids exceed budget

Kuwait has cancelled oil sector tenders worth nearly $10 billion after contractors submitted bids far above the government’s approved budget, in a move highlighting rising project costs and tighter fiscal discipline in the Gulf energy sector....

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