Tag: Energy

Drilling (Offshore & Onshore)

IntrospeXion signs deal to look after energy workers' wellbeing

Energy-focused psychological consultancy IntrospeXion has signed a contract with a major UAE-based energy operator to deliver a company-wide mental health and wellbeing programme that will support employees across onshore, remote, and offshore sites....

Energy, Oil & Gas

Canada unveils $70 billion clean energy and critical minerals push

Canada has unveiled a nearly $70 billion clean energy investment centred on hydropower expansion in Newfoundland and Labrador and Québec, in a move that could strengthen the country's position as a major supplier of clean electricity and critical minerals to international markets....

Energy, Oil & Gas

Saipem lands $1.8bn offshore EPCI contract in the Middle East

Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has won a key contract worth $1.8 billion to provide engineering, procurement, construction and installation (EPCI) services for an offshore project in the Middle East. ...

Energy, Oil & Gas

KIOGE 2026 marks 30 years of connecting global energy sector

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....

Energy, Oil & Gas

Sohar International reaffirms support for Oman’s energy transformation

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.”...

Energy, Oil & Gas

Acwa Power revenue soars to $1.2bn in H1; net profit plunges 28pc

Saudi utility giant Acwa Power has reported mixed first-half results, with its revenue soaring to SAR4 billion ($1.2 billion) mainly driven by higher energy sales and increased O&M services earnings, while its net profit for the six-month period fell 28% to SAR653.2 million ($174.2 million). ...

Energy, Oil & Gas

Nigeria targets up to $50bn offshore O&G investment by 2030

Nigeria is aiming to attract between $30 billion and $50 billion in offshore oil and gas investments by 2030 as it works to revive crude production, increase energy output, and strengthen its position as Africa’s leading energy producer....

Energy, Oil & Gas

NEOM unit commissions 3.15GW substation at innovation city Oxagon

Enowa, the energy, water and hydrogen subsidiary of mega Saudi futuristic city NEOM, has announced that it has commissioned a new power substation at Oxagon, thus increasing the manufacturing and innovation city's available electricity capacity to 3.15GW. ...

Energy, Oil & Gas

Oil slips below $80 as hopes of Hormuz reopening ease supply concerns

Oil prices remained under pressure on Tuesday after suffering steep losses over the previous two sessions, as growing optimism over a potential breakthrough in US-Iran diplomacy raised hopes that the Strait of Hormuz could soon be reopened to normal shipping, easing fears of disruptions to global crude supplies....

Energy, Oil & Gas

Tarshid completes energy retrofit covering 43 Madinah university buildings

Saudi energy services company Tarshid has completed the second phase of an energy efficiency retrofit project at the Islamic University of Madinah, covering 43 buildings and facilities. It involved upgrades to cooling, AC and lighting systems aimed at improving energy efficiency. ...

Energy, Oil & Gas

BP posts stronger Q2 profit, CEO unveils list of priorities

BP reported a sharp rebound in second-quarter earnings, helped by stronger oil and gas prices, improved refining margins and robust cash generation, as new Chief Executive Officer Meg O'Neill outlined an ambitious strategy to improve performance and restore shareholder confidence....

Energy, Oil & Gas

Oil rebounds as Gulf shipping risks offset hopes of talks breakthrough

Oil prices recovered on Tuesday after suffering their steepest one-day decline in weeks, as persistent concerns over potential supply disruptions in the Middle East outweighed optimism that diplomatic efforts could quickly end the five-month-old conflict between the United States and Iran....

Energy, Oil & Gas

Energy firms must invest in cybersecurity to prevent supply risks, says expert

The global energy sector is becoming increasingly vulnerable to cyberattacks as the convergence of operational and information technology, coupled with geopolitical uncertainty and reliance on third-party vendors expose critical infrastructure to greater risk, according to an industry expert. ...

Energy, Oil & Gas

BYD secures 11.27GWh Masdar contract for mega RTC project

BYD Energy Storage has announced that it has secured a major contract from Masdar, a global clean energy leader, for a gigascale round-the-clock renewable energy project in Abu Dhabi. The project has a single-station scale of 1,644 MW with 11.275 GWh of BYD Haohan deployed. ...

Energy, Oil & Gas

NMDC Group achieves $435m net profit for first half

NMDC Group, a global leader in integrated marine, energy, construction, logistics, and engineering solutions, today reported a 6% increase in revenues for the first half of 2026 (H1 2026), reaching AED14.1 billion ($3.84 billion), compared to AED13.4 billion in the same period last year....

Energy, Oil & Gas

Taqa launches $750m blue bond to fund sustainable water infrastructure

Taqa, Abu Dhabi National Energy Company, has issued a $750 million Blue Bond to support sustainable water and wastewater management projects, marking the largest Blue Bond ever issued by an integrated power and water utility and the biggest in the Europe, Middle East and Africa (EMEA) region....