A recovery in world oil demand is underway, with consumption set to rise from its May nadir on seasonal trends and as pent-up demand is released in line with a rebound in product supplies, says an International Energy Agency (IEA) report....
Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia. ...
Global oil prices rose on Thursday, recovering part of the previous session’s losses, as market participants reassessed the outlook for a potential de-escalation in tensions involving Iran and the United States. The conflict has continued to disrupt energy flows across a critical oil-producing region....
QatarEnergy has announced that it has secured an agreement from Egyptian Natural Gas Holding Company (EGAS) for the supply of up to 24 LNG cargoes this summer. The deal paves the way for continued co-operation between the two in the energy sector. ...
South Korea's Doosan Enerbility (formerly Doosan Heavy Industries) has secured a major equipment supply order for a large combined-cycle power plant project in Qatar, thus reinforcing its position in the Middle East power generation market. ...
