Brent crude hovered around $107 a barrel on Tuesday, extending gains as uncertainty over the US-Iran conflict and the future of the Strait of Hormuz continued to keep a substantial risk premium in oil markets.
Saudi Arabia has awarded China’s Gotion High-Tech 6 GWh of capacity under its first utility-scale battery energy storage programme, as part of the $1.16 billion G1 project, thus marking a major step in its drive to expand energy storage capacity and support its Vision 2030 energy transition goals.
The offshore drone industry is advancing quickly, with UAVs increasingly capable of handling inspection, monitoring, and logistics missions miles from shore. That expanding capability is driving growing investment in the technology.
The Saudi Power Procurement Company has prequalified 13 utility project developers including global players EDF, Kepco, Mitsubishi and Sumitomo as well as regional heavyweights Acwa and Taqa for the third round of Conventional Independent Power Producer (IPP) projects based on CCGT technology.
Trinasolar has earned a Silver Medal in the 2026 EcoVadis Sustainability Rating, ranking among the top 10 per cent of companies assessed worldwide. The solar and energy storage provider scored 77/100 overall, including 80 for Environment and 79 for Ethics.
Kalpataru Projects, a leading Indian construction and engineering major, has announced that its international division has secured a major contract worth over Rs40 billion ($417 million) to provide EPC services for a gas pipeline project in UAE, thus reinforcing its robust track record in the global oil and gas sector.
Dubai Electricity and Water Authority (DEWA) has completed the $2.7 billion refinancing of Noor Energy 1 ahead of schedule. The 950MW project, part of the Mohammed bin Rashid Al Maktoum Solar Park, combines CSP, parabolic trough and photovoltaic technologies with up to 15 hours of thermal storage.
Researchers have tested solar panels at depths of up to 10 metres underwater, potentially opening the way for longer-lasting power supplies for subsea equipment without relying solely on batteries.
Eni has secured a 100 per cent participating interest in the Sapukala offshore block in Indonesia’s Kutei Basin through the first Indonesia Petroleum Bidding Round 2026.
TotalEnergies and partners SOCAR and XRG have taken the final investment decision for the full development of Azerbaijan’s Absheron gas field. The project is expected to start up in 2029, increasing production to 6 billion cubic metres of gas annually and 47,000 barrels per day of condensate.
