Energy, Oil & Gas

Qatar’s solar capacity to drive shift in power mix by 2035: GlobalData

Qatar’s renewable energy capacity is set to expand significantly by 2035 as the country accelerates utility-scale solar development to reduce gas consumption and emissions. GlobalData forecasts solar capacity growth of 12.4 per cent annually, with renewables reaching 25.9 per cent of total capacity....

Energy, Oil & Gas

McDermott, Doosan Enerbility explore power generation partnership

McDermott and Doosan Enerbility have signed a memorandum of understanding (MOU) to explore potential strategic collaboration opportunities in the power generation market....

Energy, Oil & Gas

GE Vernova Q2 orders jump 88pc, raises 2026 guidance

GE Vernova reported strong second-quarter 2026 results, with orders rising 88 per cent to $24.2 billion and revenue up 22 per cent to $11.1 billion, driven by robust power and electrification demand, prompting the company to raise its full-year guidance....

Energy, Oil & Gas

TotalEnergies completes 50pc acquisition of EPH power assets

TotalEnergies has completed its acquisition of 50 per cent of EPH’s Western European flexible power assets, forming TTEP, Europe’s second-largest flexgen player with 14 GW capacity across five countries and 30 TWh output in 2025....

Energy, Oil & Gas

China power capacity climbs as renewables expand

China’s installed power capacity reached 3.96 billion kW by March 2026, up 15.5 per cent year on year, driven by rapid renewable growth, with solar capacity jumping 31.3 per cent and wind rising 22.4 per cent....

Energy, Oil & Gas

Dewa delivers record $8.9bn revenue for 2025; net profit hits $2.5bn

Dubai Electricity and Water Authority (Dewa) has announced that it has delivered the strongest financial and operational performance in its history for the full year 2025, recording a net profit after tax of AED9.1 billion ($2.5 billion) and a consolidated revenue of AED32.84 billion ($8.9 billion). ...