Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
Venezuela will host its largest international energy investment summit from October 26–29 in Caracas, bringing together US, Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.
Metal Park, the world’s first integrated Asset-as-a-Service ecosystem dedicated exclusively to the metal industry, has signed a strategic collaboration with SGS to strengthen inspection, testing, verification, and laboratory capabilities across the growing metal ecosystem in KEZAD, Abu Dhabi.
National Finance, a leading finance and leasing company in Oman, has signed a strategic memorandum of understanding (MoU) with AB Energy to advance sustainable financing solutions.
Continual maintenance of oil and gas pipelines is critical to avoid build-up of solids that cause flow decrease or even plugging, which can result in corrosion of flaws in the line and cause catastrophic failure.
EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing, supply and system despatch services of water and electricity across the UAE, has announced the award of the Taweelah C Independent Power Producer (IPP) project, in Abu Dhabi.
Abu Dhabi National Oil Co (ADNOC) has resumed exports of naphtha in May via the Omani port of Sohar, a Reuters report said quoting traders.
Abu Dhabi-based Global South Utilities (GSU), a resources investment company, announced the project commencement of a 12 MWp solar photovoltaic (PV) power plant integrated with a 70 MWh Battery Energy Storage System (BESS) in Berbera, as part of Phase II of the Green Berbera Initiative.
Nearly one billion people living in the world's most vulnerable economies could face higher living costs, inflation and slower growth as disruptions in the Strait of Hormuz drive up global oil prices, the United Nations Conference on Trade and Development (UNCTAD) has warned.
Global oil inventories could hit critical or historically low levels just ahead of the peak summer demand period if stock draws continue at their current pace, Reuters quoted the head of the International Energy Agency's oil industry and markets division as saying.
