Saudi Energy Company has signed three Storage Services Agreements with the Saudi Power Procurement Company (SPPC) for the development of battery energy storage projects with a combined capacity of 1,500MW/6,000MWh across Saudi Arabia.
The Department of Energy – Abu Dhabi (DoE) has signed a series of Memoranda of Understanding (MoUs) with international regulatory, academic and technology partners during an official visit to the US, strengthening cooperation on the future of the emirate’s energy and water sectors.
Eni and Sonatrach have signed a new Memorandum of Intent to expand cooperation on decarbonising Algeria’s oil and gas sector and reducing emissions in line with international best practices.
Borouge, the Abu Dhabi-based petrochemicals company, has confirmed approval of an interim dividend of $656 million, equivalent to 8.1 fils per share, following its H1 2026 performance.
Nizwa Industrial City, affiliated with Oman’s Public Establishment for Industrial Estates (Madayn), has signed a long-term investment usufruct contract for a chemical mixing and oilfield equipment maintenance project valued at more than RO4 million ($10.4 million).
The Saudi Power Procurement Company (SPPC), the Principal Buyer, has awarded consortiums of Saudi Energy and Acwa Power as well as French utility major Engie contracts worth over SAR4.35 billion ($1.16 billion) for the first group of Battery Energy Storage System (BESS) projects in Saudi Arabia.
Doosan Enerbility has signed a contract to build a combined-cycle gas turbine (CCGT) power plant in Misfah, Oman, with a consortium led by Qatar's Nebras Power, said a report.
Iran and China have pushed back against US President Donald Trump’s threat to impose what Washington says will be the “toughest sanctions in history” on Tehran, warning that unilateral economic pressure could further destabilise the region and damage global trade.
Oil prices remained near their highest level in more than three weeks on Friday as the deadlock over the Strait of Hormuz and a sharp escalation in US economic pressure on Iran raised fresh concerns about global energy supplies.
US-based Powerus has won a contract to deploy networked counter-UAS detection, tracking, classification and early-warning capabilities to support the protection of critical oil and gas infrastructure in the Middle East.
