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Markets thirsty for oil despite boosts in Opec+ output: UAEMarkets are thirsty for oil because they are absorbing OPEC+ production increases without building inventories, said Suhail Al-Mazrouei, the UAE Energy Minister, as reported by Reuters. Opec+, which pumps about half of the world's More… |
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Tamimi Markets seals solar lease deal with Yellow Door EnergyTamimi Markets, a leading player in the Saudi retail sector, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and Africa, have signed a solar lease agreement to provide clean electricity to Tamimi Markets’ distribution centers in Jeddah an More… |
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EnerMech secures contract for Dana Petroleum’s Triton FPSOEnerMech has been awarded a three-year fixed term contract with a further two by two-year extension option periods by Dana Petroleum. The contract covers the provision of Offshore Shutdown Support Services for the Triton floating production, storage and offloa More… |
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Vallourec secures OCTG contracts in IraqVallourec, a leader in premium seamless tubular solutions, has secured two contracts to supply Oil Country Tubular Goods (OCTG) to support the drilling operations of CNOOC and PetroChina in Iraq. These contracts carry potential revenue of over $130 million. Th More… |
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KEZO, Sulzer launch Switzerland's first CO₂ capture pilotSulzer has signed an agreement with KEZO (Zweckverband Kehrichtverwertung Zürcher Oberland), Zurich Oberland’s waste utilisation service provider, to develop and deliver a licensed carbon capture solution for commercial validation at KEZO’s waste-to-energy plant in Hinwil, Sw More… |
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Imports made up 17pc of US energy supply in 2024: EIAIn 2024, the US imported about 17% of its domestic energy supply, half of the record share set in 2006 and the lowest share since 1985, according to US Energy Information Administration's (EIA) Monthly Energy Review, reported WAM. The decline in imports&rs More… |
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JDR lands L&T's Middle East offshore umbilical testing orderJDR Cable Systems (JDR), the global subsea cable supplier and service provider, part of the TFKable Group, has been awarded a significant service contract by Larsen & Toubro (L&T), an Indian multinational engaged in EPC projects, high-tech manufacturing and services. More… |
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Alfa Laval acquires cryogenic business from French group FivesAlfa Laval has completed the acquisition of the cryogenics business unit of Fives (Fives Energy Cryogenics), a leading expert in cryogenic heat transfer and pump technologies. This acquisition marks a strategic extension of Alfa Laval's portfolio, undersco More… |
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Petralon Energy will boost Nigerian crude by 2,500 bpdAfrican exploration and production company Petralon Energy is set to increase Nigerian crude production by 2,500 barrels per day (bpd) following drilling activities at the Dawes Island field. The company has completed a new well at the field, which is situated More… |
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ADIB mobilises $4bn for sustainability, sets 2030 targetsAbu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has reported the mobilisation of over AED 17 billion ($4 billion) in sustainable finance as of year-end 2024, marking continued progress toward its AED 60 billion sustainable finance commitment by 2030. More… |
