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ACWA Power enters potential $10bn investment deals in MalaysiaACWA Power, the world’s largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of memorandum of understanding (MoU) and strategic partnership agreements (SPA) with key Malaysian entities during the ASE More… |
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Gulftainer appoints Farid Belbouab as Group CEOGulftainer, the UAE-headquartered global port and logistics solutions provider, has appointed Farid Belbouab as Group Chief Executive Officer, effective June 1. Belbouab is a seasoned supply chain and logistics leader with over 20 years of international experi More… |
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Aker Solutions wins BalWin2 wind project contractAker Solutions has signed a significant contract with Dragados Offshore to deliver the steel substructure for the 2GW HVDC converter station for the BalWin2 offshore wind grid connection system in Germany, developed by Amprion Offshore. With More… |
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Arctech to supply solar trackers for Oman green hydrogen projectArctech, a global leader in solar tracking, racking, and BIPV solutions, said it has signed a strategic contract with India-based ACME Cleantech Solutions to supply 175 MWp of solar trackers for the 300 MTPD Green Ammonia Project in Duqm, Oman. A pure play ful More… |
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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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Mubadala, Taqa complete acquisition of 875MW Uzbek power plantAbu Dhabi sovereign investor Mubadala has announced that it has teamed up with Abu Dhabi National Energy Company (Taqa) for acquiring a gas-fired power generation plant at the Talimarjan Power Complex in Uzbekistan. Mubadala and Taqa each hold a 40% stak More… |
