Energy output lost in the Middle East from the ongoing conflict in the region will take about two years to recover, Fatih Birol, the head of the International Energy Agency, was quoted as saying in an interview with the Neue Zuercher Zeitung newspaper.
Maun, Botswana hosted the groundbreaking of a 500 MW solar power plant with battery storage of equal capacity, launched under an investment cooperation framework between Oman and Botswana to strengthen energy partnership and sustainability.
Saipem secured two offshore EPCI contracts from Aramco in Saudi Arabia for Safaniya field water injection platforms, wellheads, pipelines, and cables, using regional vessels and local fabrication at its Saudi yard to support industrial development.
UK valve specialist BEL Valves has secured its first CCUS contract, a multi-million-pound deal to supply equipment for Indonesia’s first Carbon Capture, Utilisation and Storage project.
The UAE has presented its Tenth National Report at the Review Meeting of the Contracting Parties to the Convention on Nuclear Safety (CNS), held at the International Atomic Energy Agency (IAEA).
The UAE Ministry of Investment signed an MoU with Jereh Group to develop a energy industrial platform, strengthening UAE-China ties and positioning UAE as a hub for energy technologies including SMRs, anode production, battery recycling.
Qatar may extend force majeure on gas supplies beyond mid-June, Italian importer Edison said, after cancellations linked to the Middle East war, with Edison replacing lost LNG cargoes by increasing purchases from the US.
Marine fuel sales at UAE’s Fujairah port hit a record low in March, as the US-Iran conflict disrupted supply and demand at the key Gulf refuelling hub, with bunker volumes falling to 158,852 cubic metres.
The US nearly became a net crude exporter for the first time since World War Two, as exports surged toward record levels to meet rising demand from Asia and Europe replacing disrupted Middle East supplies.
Shell is in advanced talks with Abu Dhabi's state oil company Adnoc to sell its retail fuel stations in South Africa in a deal likely to be valued at about $1 billion, Bloomberg News reported.
