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OPEC+ nations agree production adjustment of 411,000 bpd in JulyThe eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman met virtually today (May 31) to review global market conditions and outlook. More… |
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Abu Dhabi's data centre industry power investments to hit $10bnAbu Dhabi National Energy Company (Taqa) is poised to significantly bolster Abu Dhabi's burgeoning data and artificial intelligence hub, with its CEO and Managing Director announcing that total investments to support the power needs of the data centre industry in the emirate will exceed A More… |
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GE Vernova’s H-Class gas turbines to expand Qurayyah power plantGE Vernova has announced it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units – from Técnicas Reunidas and Orascom Construction (TR & Orascom Construction). The two companies have signed, under a 50- More… |
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TAQA announces CEO transition as part of strategic growth agendaIndustrialization and Energy Services Company (TAQA), a global leader in energy and industrial services, on Thursday (May 29) announced that Khalid Nouh will step down from his role as Chief Executive Officer, effective May 31, as part of the company’s ongoing evolution and long-term st More… |
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Aramco plans more borrowing to fund growth: CEOSaudi Aramco is targeting more borrowing to finance growth and better leverage its balance sheet, Chief Executive Officer Amin Nasser said, as the world’s biggest oil exporter raised $5 billion in bonds this week. The debt sale, along with $9 billion rai More… |
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Adnoc Drilling to buy 70% stake in SLB Kuwait, Oman rigs unitAdnoc Drilling Company announced today that it has signed an agreement to acquire a 70% stake in SLB's land drilling rigs business in Kuwait and Oman, comprising eight fully operational land rigs under contract with the respective national oil companies (NOCs) of both countries. More… |
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Al Fanar Gas Group, Siemens Energy to collaborate on clean energyAl Fanar Gas Group, one of the UAE’s leading gas and energy solutions providers, and the energy arm of EHC Investment, has signed a strategic memorandum of understanding (MoU) with Siemens Energy, a global energy technology leader, to jointly advance decarbonisation and clean energy inn More… |
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Taqa completes key phase of 9,000kWp Abu Dhabi solar projectTaqa Energy Services, a subsidiary of the Abu Dhabi National Energy Company (Taqa), announced today (May 28) the completion of the third phase of the 9000-kilowatt peak (kWp) solar photovoltaic (PV) project at United Arab Emirates University's (UAEU) campus. More… |
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Kanoo Energy, Spirax Sarco partner to distribute steam management systems in KSAKanoo Energy, a division of Kanoo Industrial and Energy under the Yusuf Bin Ahmed Kanoo Group, has signed a landmark distribution agreement with Spirax Sarco, a global leader in steam and thermal energy solutions. The partnership will enable the distribution a More… |
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MSA Safety forms detection assembly partnership in Saudi ArabiaMSA Safety Incorporated, a global leader in the development of advanced products and solutions that help protect people and facility infrastructures, has announced a partnership with Mohammed Hassan Sherbiny for Commerce to assemble and supply MSA’s line of General Monitors S5000 Gas Mo More… |
