DNO, the Norwegian oil and gas operator, has placed its North Sea oil production with subsidiaries of Exxon Mobil Corporation and Shell effective January 2026 and secured related offtake financing facilities for up to $410 million.
The 19th GPCA Annual Forum, held December 8–11, 2025, at Exhibition World Bahrain, concluded under the theme “Catalysing Competitiveness through Strategic Partnerships,” with 2,586 delegates from 450 companies across 42 countries participating. The event highlighted industry collaboration and strategic growth initiatives.
QatarEnergy signed two helium long-term sales and purchase agreements (SPAs) from Ras Laffan. A deal with Buzwair Industrial Gases spans up to 15 years for 20 million cubic feet annually, while a separate agreement with Uniper Commodities covers up to 15 years for 70 million cubic feet per year.
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
Abu Dhabi National Oil Company (ADNOC), in partnership with Eni and PTT Exploration and Production Public Company Limited (PTTEP), has signed a landmark structured financing transaction of up to AED40.4 billion ($11 billion) to monetise Hail and Ghasha’s midstream future gas production.
Saudi Arabia has officially completed grid connection of its landmark energy storage system (ESS) project with the nameplate capacity of 7.8GWh.
Desert Technologies (DT), a leading Saudi renewable energy company, has signed a major supply agreement with Astronergy for 13 MWp of high efficiency N-Type photovoltaic modules to support a flagship solar project in the Northern Region of Saudi Arabia.
Light + Intelligent Building Middle East 2026 will bring together regional and global industry experts to Dubai where they will discuss the role of lighting design in transport settings such as airports, metro stations, and bus terminals.
OQ, Oman’s global integrated energy group, has commissioned the Ladayn Polymer Programme at Suhar Industrial City. The inauguration marks the transition of nine manufacturing plants into commercial operations, representing a milestone in Oman’s downstream industrial development. The total investment in the programme’s current operational phase is approximately OMR 40 million ($104 million).
Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh.
