The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities.
Saudi Electricity Company said it has signed a landmark financing agreement with the Italian Export Credit Agency (SACE), with a total value of $1 billion, aimed at supporting the development and expansion of power projects across the kingdom.
Kuwait-based Mechanical Engineering & Contracting Company (MECC) has secured a major contract worth KD34.7 million (113 million) from Kuwait Oil Company for one of its key projects - Manfolds and Group Trunk Lines (MGT) in country's northern region.
Arabian Qudra (AQ), a subsidiary of Saudi-based Abunayyan Holding Company, has announced that it has signed an agreement to establish the first floating solar power plant in the Kingdom of Saudi Arabia, in partnership with Saudi Water Authority.
ADNOC Distribution, First Abu Dhabi Bank (FAB), and Mastercard launched the ADNOC Rewards Credit Card in the UAE, offering cardholders 15% back in ADNOC Rewards points on fuel, car care, and convenience store purchases, providing premium benefits across the country’s largest fuel and convenience network.
Dana Gas announced a major gas discovery at the North El-Basant 1 well in Egypt’s onshore Nile Delta. Initial results estimate 15–25 bcf of reserves, with production expected to surpass 8 mmscfd once the well is linked to the national gas network.
Emirates Water and Electricity Company (Ewec) has announced the opening of registration for its Clean Energy Certificates (CECs) auction for the first quarter of 2026. The last date for the registration has been set for January 9.
BP, Woodside Energy and Chevron led the first US Gulf of Mexico oil and gas lease sale since 2023, securing top bids in an auction raising $279.4 million—about $100 million less than 2023—yet achieving the highest per-acre bids since 2017, according to Reuters analysis findings.
The NNPC/Heirs Energies OML 17 Joint Venture advanced Nigeria’s gas commercialisation and environmental goals with the signing of Gas Flare Commercialisation Agreements under the Nigerian Gas Flare Commercialisation Programme (NGFCP) and approved Non-NGFCP frameworks.
International Renewable Energy Agency (IRENA) Director-General Francesco La Camera today received the credentials of Saudi Arabia permanent representative to IRENA Abdullah Al-Shehri during a formal ceremony held at IRENA's headquarters in Abu Dhabi.
