The US Department of Energy (DOE) has announced up to $17.5 billion in conditional loans to help utilities and energy companies secure critical components for new nuclear power plants, aiming to strengthen the domestic nuclear supply chain and accelerate reactor construction.
Saur reaffirmed its commitment to Gulf water security at G7 discussions in Evian and Vision Golfe 2026 in Paris, highlighting the GCC’s growing global leadership in resilient, sustainable, and advanced water management systems.
Amid geopolitical tensions highlighting fossil fuel risks, leaders at the Global Energy Transition and Electrification Summit in London advanced electrification solutions and launched Electrify Now, with Irena urging focus on electrifying economies, not renewable generation.
Global utilities and equipment manufacturers under UNEZA have pledged coordinated action to ease supply chain pressures slowing grid expansion, amid surging demand for cables and transformers and manufacturing delays exceeding three years.
Digital Dubai, in partnership with Lootah BC Gas, has launched the first gas consumption billing service on the DubaiNow app, further advancing the emirate’s digital transformation agenda and expanding its unified digital services ecosystem.
TechnipFMC has been awarded a significant contract to supply flexible flowlines and risers by Azule Energy for the Greater PAJ development offshore Angola.
Dana Gas reported strong Egypt drilling results and confirmed full settlement of overdue receivables, receiving AED 79 million ($21.5 million) and noting continued timely payments from the Egyptian Government.
Shandong Electric Power Construction Third Engineering Company (SepcoIII) has achieved a major construction milestone on the 600MW Al Ghat Wind Farm EPC Project in Saudi Arabia, with all 80 wind turbine generators connected to the national grid and commencing power generation.
The United States has granted Iran a 60-day sanctions waiver allowing Tehran to sell oil in US dollars for the first time in decades, marking a significant breakthrough in efforts to secure a lasting peace agreement following the recent conflict in the Middle East.
Global energy markets faced their worst supply shock after the near-closure of the Strait of Hormuz cut flows from 20 million to 2.7 million barrels per day, driving record price spikes and prompting emergency stock releases and global supply adjustments, according to International Energy Agency (IEA).
