8/31/2026 8:28:10 PM (Volume: 43 / Issue: 9)
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Tag: UAE

Energy, Oil & Gas

NMDC Energy revenue rises 16pc to $2.6bn in H1 2026

NMDC Energy, an Abu Dhabi-based engineering, procurement, and construction (EPC) services company, reported a strong first half of 2026, with revenue rising 16 per cent year on year to AED9.5 billion ($2.6 billion), driven by diversified growth across its UAE operations and international EPC projects....

Energy, Oil & Gas

Applus+ begins offshore rig operations in Somalia

Applus+ UAE has begun rig service operations in Somalia, supporting an offshore drilling exploration programme. The company is providing testing, inspection, and certification services to ensure equipment integrity, compliance, and operational readiness in a remote offshore environment....

Energy, Oil & Gas

Deep Well Services completes first UAE well deployment

Enersol’s portfolio company Deep Well Services (DWS) has completed its first well in the UAE, marking the company’s first deployment in the country and the wider Middle East region. The operation used DWS’ Hydraulic Completion Unit (HCU) technology and achieved planned first-well performance targets....

Energy, Oil & Gas

UAE’s Global South Utilities signs energy MoU with Guyana

UAE-based Global South Utilities (GSU) has signed an MoU with Guyana Power and Light to explore energy infrastructure projects, including power generation, grid modernisation and renewable energy integration to support Guyana’s sustainable development....

Energy, Oil & Gas

Ewec opens registration for 20th Clean Energy Certificates auction

Emirates Water and Electricity Company (Ewec) has opened registration for its 20th Clean Energy Certificates (CECs) auction, supporting organisations in verifying their renewable and clean energy consumption as part of the UAE’s energy transition....

Energy, Oil & Gas

Egypt, UAE strengthen energy ties with new investment talks

Egypt and the UAE have discussed expanding energy cooperation, focusing on increased Emirati investment in petroleum, aviation fuel, and exploration activities, alongside plans to establish a joint working group to advance sector opportunities....

Energy, Oil & Gas

Expro secures two-year UAE well testing contract

Expro, an energy services provider, has secured a two-year contract with a major UAE operator to deliver well testing and flowback services for unconventional wells, including surface testing, equipment supply, and operational support....

Energy, Oil & Gas

Irena partners with UAE export credit agency ECI

International Renewable Energy Agency (Irena) has signed a partnership agreement with UAE export credit agency Etihad Credit Insurance (ECI) to support energy transition financing. ECI will provide credit insurance and risk mitigation solutions across 110 countries to complement ETAF initiatives. ...

Energy, Oil & Gas

UAE reduces diesel price for June

The UAE Fuel Price Committee has approved fuel prices for June 2026, with diesel prices recording a decline compared to the previous month, in a move that supports the stability of key sectors, particularly logistics and supply chains....

Energy, Oil & Gas

IAEA monitoring Barakah Plant, ready to assist

The International Atomic Energy Agency (IAEA), affiliated with the United Nations (UN), is closely monitoring the situation at the Barakah Nuclear Energy Plant in Abu Dhabi through continuous coordination with the relevant UAE authorities, while expressing its full readiness to provide assistance if needed....

Energy, Oil & Gas

Tabreed delivers solid Q1 results; revenue hits $132m

UAE-based National Central Cooling Company (Tabreed) has reported solid results for the first-quarter with a revenue of AED486 million ($132.3 million) and a net profit of AED78 million ($21.2 million) for the three-month period. Its operational performance and cash generation remained resilient for Q1. ...

Energy, Oil & Gas

Alfa Laval CEO reaffirms commitment to Mideast customers

Alfa Laval, an expert in heat transfer, separation, and fluid handling technologies, reaffirms its long-term commitment to the Middle East during a two-day visit by Alfa Laval President and CEO Tom Erixon to the UAE....

Energy, Oil & Gas

Adnoc L&S delivers 20pc net profit growth in Q1 2026

Adnoc Logistics & Services (Adnoc L&S) reported Q1 2026 net profit rose 20 per cent year-on-year to $222 million, while revenue fell 10 per cent to $1.083 billion due to the scheduled completion of the Al Omairah Island mega project....

Energy, Oil & Gas

Dana Gas delivers 72pc increase in Q1 2026 profit

Dana Gas reported Q1 2026 net profit of AED270 million ($74 million), up 72% year-on-year, driven by a one-off Kurdistan gas adjustment, while revenue rose to AED531 million amid higher production and gas sales in Egypt and Iraq....

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