Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has won a key contract worth $1.8 billion to provide engineering, procurement, construction and installation (EPCI) services for an offshore project in the Middle East.
Oman's OQ Exploration and Production (OQEP) delivered strong results for the first half of this year, with higher production and stronger oil prices, driving double-digit growth in revenue, EBITDA and net profit, while it continued to invest in its growth strategy.
Spanish engineering and construction company Técnicas Reunidas has secured a Letter of Intent (LOI) for a $1.65 billion contract to build onshore gas facilities for a major gas field development in the Middle East, thus strengthening its position in the region's energy infrastructure market.
Indonesia will build 30 gigawatts (GW) of solar power capacity and phase out 13 GW of diesel-fired power plants in 2026 as part of efforts to strengthen national energy self-reliance, President Prabowo Subianto said.
Greenhouse gas emissions from the European Union (EU) economy rose 0.3 per cent in the first quarter of 2026, reaching 837 million tonnes of CO₂ equivalent, according to figures from Eurostat.
bp and Venezuela have signed agreements to advance offshore gas development, including an exploration and production licence for Phase 2 of the Loran field in the Plataforma Deltana area, which holds an estimated 4 trillion cubic feet of recoverable gas resources.
Intech is expanding its Middle East presence after securing a project to deliver an integrated electrical automation solution for a key onshore facility operated by a major regional energy company.
Arabian Drilling, Saudi Arabia’s largest drilling contractor by fleet size, said it has received notice to resume operations for its remaining suspended offshore rigs. The company expects the restart to reflect a recovery in offshore market activity and lift utilisation across its offshore fleet to 100 per cent by the end of the third quarter of 2026.
Europe’s push to secure critical raw material supplies is renewing focus on exploration and diversified resources, as Pulsar Helium advances its Tunu Project in East Greenland amid growing supply-chain concerns.
XRG, the international energy investment company of Abu Dhabi National Oil Company (Adnoc), has entered Venezuela through the award of the offshore Loran licence and the transfer of an interest from PDVSA Gas, expanding its gas and LNG footprint in Latin America.
