Italy Saipem, in consortium with National Petroleum Construction Company (NPCC), has signed a letter of award with ADNOC for a new contract related to the Hail and Ghasha Development Project – Package 1 in the United Arab Emirates. Saipem's share of the contract amounts to around $4.1 billion.
ADNOC has announced that its Ruwais Refinery has obtained the International Sustainability Carbon Certification (ISCC) to produce Sustainable Aviation Fuel (SAF), making it the first company in the Middle East to earn the distinction.
Neptune Energy, an independent global E&P company, announced the commencement of drilling on the Ofelia appraisal well in the Norwegian sector of the North Sea.
Dana Gas PJSC, Middle East’s first and largest regional private sector natural gas Company, announced the appointment of Ahmed Abdulhamid Alahmadi as a new member of the Company's Board of Directors, effective immediately. This appointment follows the resignation of Jassim Alseddiqi from the Board.
India’s Oil Minister Hardeep Singh Puri met with TotalEnergies CEO Patrick Pouyanne in Abu Dhabi and invited him to bid for exploration rights to one million square kilometers of blocks across the country that have been opened by Prime Minister Narendra Modi's government.
Baker Hughes, an international energy technology company, announced that it has been awarded a major contract to provide a modularized liquefied natural gas (LNG) system and power island.
OPEC Secretary General Haitham Al Ghais stated that OPEC is optimistic about demand and asserts the necessity to increase production, Reuters reported.
Italy’s Enel, through its subsidiary Enel Green Power (EGP), announced that it completed the sale of a 50% stake in Enel Green Power Australia Pty Ltd and Enel Green Power Australia Trust (collectively known as Enel Green Power Australia or EGPA) to Japan’s INPEX Corporation.
In a significant development for the subsea production industry, SLB, Aker Solutions, and Subsea7 have announced the final closing of their joint venture.
The European Union (EU) initiated the first phase of the Carbon Border Adjustment Mechanism (CBAM), which is the world's first system to impose CO2 emissions tariffs on imported goods such as steel, cement, and other products as EU tries to stop more polluting foreign products from undermining its green transition.
