6/1/2026 9:49:02 AM (Volume: 43 / Issue: 6)
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Tag: UAE

Energy, Oil & Gas

Bhutan PM seeks UAE investment in renewable energy

Bhutan’s Prime Minister Tshering Tobgay highlighted strong, growing relations with the UAE, emphasising opportunities in trade, investment, and sustainability. Speaking at World Governments Summit (WGS) 2026, he stressed deepening cooperation in key economic sectors, leveraging Bhutan’s significant renewable energy potential. ...

Energy, Oil & Gas

GFH acquires majority stake in Byrne Equipment Rental

GFH Financial Group (GFH) has announced that it has completed the acquisition of a majority stake in Byrne Equipment Rental, one of the GCC’s leading industrial services and equipment rental providers with an investment and capex programme valued at approximately $400 million....

Energy, Oil & Gas

Carlyle 'in talks' with UAE partners on Russian Lukoil's $20bn overseas assets

US private equity firm Carlyle has begun talks with UAE investors to ‌bring in partners should its deal to buy Russian Lukoil's international assets worth $20 billion proceed, said a report. Lukoil boasts strategic stakes in European refineries as well as significant holdings in oil fields from Iraq to Kazakhstan. ...

Energy, Oil & Gas

McDermott lands EPCI contract for key Abu Dhabi gas project

McDermott, a leading provider of engineering and construction solutions to the energy industry, has announced that it has secured a major EPCI contract (in the range of $750 million to $1 billion) from Adnoc for its Nasr-115 Expansion Project, located 130km northwest of Abu Dhabi. ...

Energy, Oil & Gas

Adnoc Gas seals $3bn LNG deal with Hindustan Petroleum

Adnoc Gas, a major unit of Abu National Oil Company (Adnoc) and its subsidiaries announced the signing of a sales and purchase agreement valued at between $2.5 billion - $3 billion for a period of 10 years with Hindustan Petroleum Corporation Limited (HPCL)....

Energy, Oil & Gas

UAE’s Global South Utilities acquires 51pc of 40Capital

Abu Dhabi-based Global South Utilities (GSU) said it acquired a 51 per cent stake in 40Capital, an Emirati renewable energy company specialising in run-of-the-river hydro projects across the Commonwealth of Independent States (CIS), with a primary focus on Kyrgyzstan....

Energy, Oil & Gas

UAE, BEEAH, LOHUM to form JV for first EV battery recycling facility

UAE Ministry of Energy and Infrastructure (MoEI) has announced plans to form a new joint venture with BEEAH, the region’s leading sustainability and innovation pioneer, and LOHUM, India’s largest diversified producer of sustainable critical minerals and advanced materials....

Energy, Oil & Gas

UAE’s GSU partners with Weiheng on clean-energy manufacturing

UAE-based Global South Utilities (GSU) has announced a strategic industrial collaboration with Weiheng, a Chinese global manufacturer of battery energy storage systems (BESS), aimed at localising advanced clean-energy manufacturing in Abu Dhabi and supporting the UAE’s industrial development, energy transformation, and Global South supply-chain ambitions....

Energy, Oil & Gas

UAE’s renewable energy capacity exceeds 7.7GW: Energy Minister

The UAE is strengthening its global leadership in sustainable energy through strategic investments accelerating the clean energy transition, with installed renewable energy capacity now exceeding 7.7GW, said Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure....

Energy, Oil & Gas

NMDC Infra, Consolidated Contractors form UAE onshore EPC venture

NMDC Group, through its subsidiary NMDC Infra, and Consolidated Contractors Company (CCC) have formed NMDCCC, a strategic joint venture. The new company will deliver full-spectrum engineering, procurement, and construction (EPC) services to the UAE’s onshore oil and gas sector....

Energy, Oil & Gas

e& enterprise, Sergas team up to bring smarter energy operations to life

Leading Emirati entity e& enterprise, the digital transformation arm of global technology group e&, has announced a strategic collaboration with Sergas, a UAE-based gas system solutions provider, aimed at transforming the way energy operations are run and protected. ...

Energy, Oil & Gas

Global energy demand rising steadily to meet AI needs: UAE Energy Minister

Suhail Al Mazrouei, UAE Minister of Energy and Infrastructure, said global energy demand is witnessing steady growth driven by the expanding needs of artificial intelligence (AI) and large-scale data centres, forecasting increased demand across all energy sources, including fossil fuels, which remain part of the global energy mix. He said the UAE is well-positioned to help meet rising global demand through continued investment in the energy sector....

Energy, Oil & Gas

Tabreed, Sparklo join forces to boost UAE’s recycling infrastructure

Tabreed, a leading district cooling company, has announced a sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure. The collaboration will see the installation of 16 reverse vending machines – called Sparklomats – across the UAE. ...

Energy, Oil & Gas

UAE announces $1bn energy portfolio in Yemen

The UAE has launched a $1 billion energy portfolio in Yemen to help rebuild the country’s electricity sector. Implemented by Global South Utilities, the programme includes solar and wind projects, battery storage solutions and upgraded distribution networks across multiple governorates, expanding ongoing work in Yemen....

Energy, Oil & Gas

ENOC, MENA Biofuels sign MoU to accelerate UAE SAF ecosystem

ENOC signed a strategic MoU with MENA Biofuels at the Dubai Airshow 2025 to collaborate on the supply and distribution of Sustainable Aviation Fuel (SAF) from the UAE's first commercial-scale SAF facility, under development in Fujairah....

Energy, Oil & Gas

Adnoc Academy graduates 403 UAE Nationals in AI, robotics

Adnoc Technical Academy (ATA) celebrated the graduation of 403 UAE National technicians skilled in AI and robotics, emphasizing its commitment to developing a skilled workforce that supports Adnoc’s mission as a reliable energy producer and fosters national economic development....

Energy, Oil & Gas

UAE leads digital transformation in energy sector: Honeywell

George Bou Mitri, President of Honeywell for the Middle East, stated that the UAE is a global hub for innovation in energy, highlighting its pioneering digital transformation initiatives as a leading model for a sustainable future powered by advanced technology and AI....

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