EDGE, the UAE’s advanced technology and defence group, has signed a strategic cooperation agreement with SFC Energy to develop and commercialise advanced power solutions for defence, public security and critical infrastructure.
Eni has completed the sale of its Nigerian subsidiary, Agip Energy and Natural Resources to Apex Global Energy, a company wholly owned by Sterling Oil Exploration and Energy Production Company.
Sulzer and Venezuela’s state oil company PDVSA have established a long-term agreement to support oil and gas operations as the country prepares for renewed investment and development.
Equinor and Aker BP have launched a strategic collaboration to accelerate the development of tight oil and gas reservoirs on the Norwegian continental shelf, aiming to improve recovery rates, reduce costs and make more discoveries commercially viable.
Eni has signed engineering, procurement, construction and drilling contracts for the Cronos gas project offshore Cyprus, marking the start of its execution phase and a significant step towards commercialising the country’s first gas development.
The Pvt Dpt – LNG Fund (CEIC) IC, targeting $1.2 billion, has been launched in Abu Dhabi by the Private Department of Sheikh Mohammed bin Khalid Al Nahyan, together with its affiliate KSH Investments.
ADNOC Drilling reported record revenue of $3.7 billion and net profit of $1.07 billion for the first nine months of 2026, as it launched its Drill-to-Operate strategy to expand services across the well lifecycle and diversify revenue streams.
NMDC Energy, a majority-owned subsidiary of NMDC Group, reported a 9 per cent year-on-year increase in revenue to AED14.2 billion ($3.9 billion) for the nine months ended 30 September 2026, with net profit reaching AED420 million.
Cargostore Worldwide’s LiftaLoo offshore welfare unit has won the People First Award at the fifth annual Global Offshore Wind Awards, organised by RenewableUK in London, recognising efforts to improve health, safety and wellbeing in offshore wind operations.
South Africa’s Adroit Technologies and Nigeria-based Aril Technologies are strengthening operational safety, efficiency and regulatory compliance in Nigeria’s oil and gas sector through the deployment of advanced supervisory control and data acquisition (SCADA) technology.
