The International Energy Agency (IEA) cut its supply and demand projections for the remainder of the year, expecting world oil supply to average 100.7 mb/d in 2026, down 5.7 mb/d y-o-y in its last report, with a full recovery in supplies from Middle East producers deferred until 2027.
Abu Dhabi-based Fertiglobe has joined hands with leading German groups Covestro, one of the world’s top manufacturers of polymer materials, and MB Energy, a leading supplier of high-tech polymer materials, to explore joint collaboration across the ammonia value chain in Europe.
Oil prices surged to their highest levels since May on Friday as the widening US-Iran conflict and a rapid Houthi advance in Yemen raised fears of a prolonged disruption to global crude supplies through the two strategic waterways of Hormuz and Bab al-Mandeb.
Clariant has been awarded a contract by Zhejiang Petroleum & Chemical (ZPC) to supply its CATOFIN catalyst and Heat Generating Material (HGM) for a new propane dehydrogenation (PDH) unit in Zhejiang Province, China.
Lummus Technology has been awarded a contract by Zhejiang Petroleum & Chemical (ZPC) to license its CATOFIN propane dehydrogenation (PDH) technology for a new unit in Zhejiang Province, China. The unit will have a capacity of 1.2 million metric tonnes per annum, making it the world's largest licensed PDH unit.
Well integrity and decommissioning specialist Unity has completed a technically challenging well intervention project in Central Italy for SMAPE, deploying a bespoke thru-tubing solution to achieve well isolation for a major international oil company.
NTT DOCOMO, PLDT and Smart Communications have demonstrated weather-linked battery technology at Philippine telecom base stations, boosting solar-power utilisation by 23 percentage points. The deployment marks the first overseas application of DOCOMO’s green base station technology.
Chinese group Harbin Electric International is delivering the Rumah-2 Combined-Cycle Power Plant in Saudi Arabia as part of the kingdom's efforts to advance its energy transition under Vision 2030. The company recently hoisted the Gas Turbine Unit 1 into position, thus kicking off the project's installation work.
Oman’s Ministry of Energy and Minerals has signed two agreements to develop mining concession areas covering a combined 1,687 square kilometres, with planned exploration investments of about RO6 million ($15.4 million).
Alfa Laval, a global leader in heat transfer, separation, and fluid handling, has launched its ‘Made in Saudi’ assembly line for heat exchangers.
