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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… |
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KSIADC, Biofuel Company to boost sustainable energy useKing Salman International Airport Development Company (KSIADC), a PIF-owned company, signed a memorandum of understanding with Biofuel Company to collaborate on deployment of B100 biodiesel as a fossil diesel substitute during the airport’s construction phase, reported SPA. More… |
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Vietnam to join international carbon offsetting scheme for aviationThe International Civil Aviation Organisation (ICAO) has officially confirmed that the Civil Aviation Authority of Vietnam (CAAV) will participate in its Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) during its voluntary phase, starting from 1st January 2026, repo More… |
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Adnoc Drilling hits 100pc fleet utilisationAdnoc Drilling, a unit of Abu Dhabi National Oil Company (Adnoc) has hit 100% fleet utilisation as Al Jurf and Dana begin operations. The commencement of these two modern high-specification jack‑ups boosts the operational jack-up fleet to 34, one of the larges More… |