Energy, Oil & Gas

Venezuela, General Electric sign power expansion deal

Venezuela’s government and General Electric have signed a memorandum of understanding to modernise the national power grid, officials said. The plan targets 1 GW of added capacity within 24 months and more than 5 GW over four years, as authorities move to urgently formalise the agreement. ...

Energy, Oil & Gas

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity. ...

Energy, Oil & Gas

Clearwater Analytics launches power, gas risk platform

Clearwater Analytics is introducing CWAN Power and Gas, a new set of risk management capabilities within Beacon by CWAN designed to replace “black-box” systems in the energy trading industry....

Energy, Oil & Gas

GCC direct power grid interconnection with Oman launched

The Gulf Cooperation Council Interconnection Authority has announced the start of implementation of the direct electricity interconnection project linking the GCC grid with Oman’s network, marking a major step in regional energy integration and infrastructure development....

Energy, Oil & Gas

GCC Interconnection Authority, Iraq finalise plans for major electricity link

The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities. ...

Energy, Oil & Gas

UAE's $1bn Yemen investment to provide power to 3m homes

The UAE’s new $1 billion investment portfolio in Yemen will help provide between two and three million homes with clean energy through solar and wind projects, said Ali Alshimmari, Managing Director and CEO of Global South Utilities (GSU)....

Energy, Oil & Gas

Saudi PIF, Acwa Power to collaborate on power, water infrastructure

The Saudi Public Investment Fund (PIF) and Acwa Power have signed a memorandum of understanding (MoU) to explore opportunities to develop power and water infrastructure for PIF’s local real estate portfolio companies....

Energy, Oil & Gas

L&T lands $569m Saudi grid infrastructure orders

India's top construction conglomerate Larsen & Toubro (L&T) has announced that one of its key units has secured a batch of grid infrastructure orders - worth nearly Rs50 billion ($569 million) - for construction of 380 kV substation and transmission lines in Saudi Arabia. ...

Energy, Oil & Gas

GlobalData reveals top M&A financial, legal advisers in power sector

GlobalData has announced the latest Financial and Legal Adviser League Tables, which rank advisers by the total value and volume of merger and acquisition (M&A) deals they advised on in the power sector during Q1-Q3 2025. JP Morgan and Rothschild & Co top the M&A financial advisers, while White & Case and Kirkland & Ellis lead as the top M&A legal advisers....