Oman's Nama Power and Water Procurement Company (PWP) said it has invited qualified consultancy firms to bid for a contract to provide technical advisory services for the development and procurement of four utility-scale solar independent power producer (IPP) projects.
Tolls in the Strait of Hormuz now look almost impossible to avoid. Should they land, the world would be paying a new tax on energy itself, and everyone from investors to households would feel it.
Shell Overseas Investment, a wholly owned subsidiary of Shell, has signed an agreement with Aditya Birla Renewables Limited (ABRen) to sell 100% of Solenergi Power Private Limited, which includes the Sprng Energy group of companies, for $1.8 billion.
Oil prices surged on Tuesday, with Brent crude climbing above $85 a barrel for the first time in a month, as Iran's missile strike on two oil tankers and the United States' decision to reinstate a sweeping naval blockade of Iranian ports intensified a confrontation for control of the strategic Strait of Hormuz.
The Gulf faced a fresh escalation on Monday as US President Donald Trump announced the immediate reinstatement of a blockade targeting Iranian shipping in the Strait of Hormuz and proposed a 20 per cent charge on all cargo transiting the strategic waterway, intensifying a growing war of nerves between Washington and Tehran over one of the world's most critical energy chokepoints.
Saudi Power Procurement Company (SPPC) has announced that it has kicked off the qualification process for the third round of gas-fired independent power producer (IPP) projects in the kingdom. These projects will be developed under a build-own-operate (BOO) model.
Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, on Monday announced financial close for the world's first gigascale 24/7 renewable energy project, marking a defining milestone in the commercialisation of the next generation of clean energy infrastructure.
Meysan lawyer & Legal Consultants, a leading law firm in the region, recently participated in the celebration hosted by Kuwait National Petroleum Company (KNPC) to mark the merger of Kuwait Integrated Petroleum Industries Company (KIPIC) into KNPC.
The OPEC Fund for International Development (the OPEC Fund) is providing a $50 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank) to expand financing for small businesses and climate-focused investments across Viet Nam.
The Zayed Sustainability Prize, the UAE’s pioneering award for innovative solutions to global challenges, has officially closed submissions for its 2027 awards cycle, receiving an unprecedented 10,233 entries from 177 countries.
