NMDC Energy secures $2.6bn Abu Dhabi EPC contract

NMDC Energy (formerly National Petroleum Construction Company) has announced that it has received a letter of award worth AED9.7 billion ($2.6 billion) for a key energy project in Abu Dhabi.   As per the deal, NMDC Energy will be providing the engineering, procu

SFME, Danat to convene marine ecosystem experts

Sustainability Forum Middle East (SFME), a regional platform dedicated to driving net zero and nature positive solutions, in collaboration with Danat – Bahrain Institute for Pearls & Gemstones, will host a high-level roundtable on April 15, 2025 in Manama on "Oceans at the Fron

Ignite Energy Access to set up global headquarters in Abu Dhabi

The Abu Dhabi Investment Office (ADIO) has signed a strategic agreement with Ignite Energy Access, a leading pan-African provider of the full range of Distributed Renewable Energy (DRE) solutions, to establish its global headquarters in the emirate, reported WAM. Under the multi-year a

Nabors closes acquisition of Parker Wellbore

Nabors Industries has announced the closing of its acquisition of Parker Wellbore, advancing Nabors’ leadership position in drilling and related, value-added services.   Parker’s solutions portfolio includes Quail Tools,the leading rental provider of

Emerson completes acquisition of AspenTech

Emerson has completed its acquisition of all outstanding shares of common stock of Aspen Technology, (AspenTech) not already owned by Emerson.     “The completion of our acquisition of AspenTech marks a key milestone in the final phase of Emerson

Etihad Esco completes key energy savings performance contract

Etihad Energy Services Company (Etihad Esco), a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa), has announced the completion of Dubai’s first energy savings performance contract (ESPC) with proven results.   Launched in 2015, the r

Siemens Energy lands $1.6bn Saudi power plants deal

Siemens Energy, a global leader in energy technology, has been awarded a $1.6-billion project to provide key technologies for two Saudi gas-fired power plants - Rumah 2 and Nairyah 2 - located in in the country’s western and central regions.   These plants

Positive energy, pragmatic actions needed to drive growth of AI: Al Jaber

AIQ signs $340m deal with Adnoc for ENERGYai, AI solutions

Aramco CEO calls for new global energy model at CERAWeek