Energy, Oil & Gas

Saudi Arabia and Türkiye to cooperate in electricity projects

Saudi Arabia and Türkiye have signed a memorandum of understanding (MoU) to strengthen cooperation in electricity projects, in the presence of Turkish President Recep Tayyip Erdoğan. The agreement was signed on the sidelines of COP31 in Antalya by the two countries’ energy ministers....

Energy, Oil & Gas

Acwa reports stable nine-month net income; delays impact results

Saudi-listed Acwa, the world’s largest private water desalination company, a leader in the energy transition, has reported a stable nine-month net income as Q3 performance gained momentum....

Energy, Oil & Gas

CANNON Artes secures water treatment deal for Saudi Arabia’s 3 GW Shuqaiq Plant

CANNON Artes has secured a new contract to engineer and supply an advanced water treatment plant for the Shuqaiq Power Plant, a 3 GW combined-cycle gas-fired power project in Saudi Arabia’s Jizan region....

Energy, Oil & Gas

Seven Opec+ nations keep December oil production unchanged

Seven Opec+ countries have agreed to maintain their September 2026 required production levels for December, reaffirming their commitment to supporting stability in global oil markets....

Energy, Oil & Gas

Worley wins Petro Rabigh engineering services contract in Saudi Arabia

Worley, a global engineering, project delivery, and professional services company, has been selected by Petro Rabigh to provide engineering and project management services for future refining and petrochemicals projects at the company’s integrated complex in Rabigh, Saudi Arabia....

Energy, Oil & Gas

Oil prices rise as Houthi attacks renew concerns over supply

Brent crude climbed above $115 a barrel on Wednesday as continued Houthi attacks on Saudi Arabia renewed concerns over potential disruptions to Middle East oil supplies, reversing some of the previous session’s losses as diplomatic efforts to ease regional tensions continued....

Energy, Oil & Gas

NMDC Energy reports $3.9bn revenue for nine months, up 9pc

NMDC Energy, a majority-owned subsidiary of NMDC Group, reported a 9 per cent year-on-year increase in revenue to AED14.2 billion ($3.9 billion) for the nine months ended 30 September 2026, with net profit reaching AED420 million....

Energy, Oil & Gas

Mideast one of most cost-competitive regions for data centre construction, report finds

The Middle East is the world’s cheapest region for data centre construction, averaging $9.93 per watt, according to Turner & Townsend. The competitive costs position the region to attract large-scale AI projects, with the UAE, Qatar and Saudi Arabia featuring globally....

Energy, Oil & Gas

Saudi Arabia, Singapore plan joint crude oil storage at Jurong Rock Caverns

Saudi Arabia and Singapore plan to store Saudi crude oil at Singapore’s Jurong Rock Caverns on Jurong Island, with operations expected to begin in the second half of 2027. The initiative aims to strengthen bilateral energy cooperation and regional supply resilience....

Energy, Oil & Gas

Go Energy, SARCO partner on low-carbon fuels project in Saudi Arabia

Go Energy Group has partnered with Saudi Arabia’s Clean Energy Co and SARCO to develop a low-carbon fuels project targeting European and Asian markets. Initial capacity is planned at 50,000 tonnes annually, with expansion potential reaching 400,000 tonnes....