Masdar, Abu Dhabi energy company, and Elektroprivreda Crne Gore (EPCG), Montenegro’s national power utility, have agreed to form a 50/50 joint venture (JV) to develop large-scale renewable energy projects in Montenegro.
The Saudi Power Procurement Company (Principal Buyer) has commenced the qualification process for the second group of Battery Energy Storage System (BESS) projects, consisting of a total of six projects.
Oil prices extended gains on Thursday after big increases in the previous session amid reports of action against ships by both Iran and the US and stalled peace talks.
Global OTEC, a pioneer in Ocean Thermal Energy Conversion (OTEC), has completed the offshore installation of a floating platform prototype in the Canary Islands, marking a step toward commercialising ocean-based renewable energy.
HFCL has introduced its IO portfolio in Kuwait through Alghanim Engineering, expanding advanced communications solutions to support key sectors such as oil and gas and utilities.
Oil prices jumped on Wednesday (April 22) with Brent trading above $100 a barrel, erasing earlier losses following reports of gunfire attacks on at least three container ships in the Strait of Hormuz.
Soiltech has been awarded three contracts to deliver fluid treatment (STT) services on rigs in the Black Sea, the Netherlands, and Norway. The STT will be applied differently on each rig, with solutions adapted to the specific composition of the fluids being treated.
Innovex International has acquired Drilling Innovative Solutions (DIS) to strengthen its portfolio of cost-saving oilfield technologies. The integration enhances innovative products like advanced float valves and cement retaining collars, boosting value for global operators.
Burckhardt Compression, a leader in reciprocating compressor technology and systems, has secured multiple orders to supply compressor solutions for LNG terminal projects in Thailand and Taiwan.
Conflict between the US, Israel and Iran has disrupted Strait of Hormuz shipping, exposing limited export alternatives. Existing pipelines offer partial relief, while proposed routes face major political, security and financial challenges.
