INTECH has secured a project to strengthen OT cybersecurity infrastructure across offshore production facilities associated with one of the large offshore oil fields in the Middle East.
The Japanese government started releasing state-held oil to stabilise supplies amid the ongoing US-Israeli war with Iran, as part of the largest-ever drawdown of reserves stockpiled in the country.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has signed a contract with the Kuwait's Ministry of Electricity and Water and Renewable Energy for a major power infrastructure project worth KD57.2 million ($186.4 million).
Global energy technology company SLB announced an expansion of its technology collaboration with NVIDIA to design and deploy critical AI infrastructure and models for the energy industry.
New International Energy Agency (IEA) analysis finds many energy technology supply chains contain at least one weak link, underscoring need to reduce concentration and improve industrial competitiveness.
EnerMech has secured a five-year contract to provide Bumi Armada with crane management and lifting services on the Armada Kraken Floating Production Storage and Offloading (FPSO) vessel in the UK North Sea East of Shetland.
Strohm will supply two insulated carbon fibre PA12 thermoplastic composite pipe jumpers for a Southeast Asian operator. The 7-inch jumpers support an offshore Sabah field extension in 1,350m depth, with installation planned in 2027.
Mubadala Energy, based in Abu Dhabi, has secured the Southwest Andaman exploration PSC in Indonesia under the Gross Split scheme during the 2025 bid round. It will fully own and operate the block, awarded by DG MIGAS.
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, said Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, ADNOC Managing Director and Group CEO, Chairman of Masdar and Executive Chairman of XRG.
Global oil prices rose on Thursday, recovering part of the previous session’s losses, as market participants reassessed the outlook for a potential de-escalation in tensions involving Iran and the United States. The conflict has continued to disrupt energy flows across a critical oil-producing region.
