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.
Saudi Energy (formerly the Saudi Electricity Company) has announced the signing of an agreement to deliver electricity supplies to the Expo 2030 Riyadh site, thus marking a key step in the project's continued progress as it moves into the development phase toward hosting the gala World Expo event.
Wison Engineering has been awarded the $3.9 billion engineering, procurement and construction (EPC) contract for Phase 2 (New Natural Gas Processing Train at Habshan) of the Rich Gas Development (RGD) Project by ADNOC Gas, the gas-processing subsidiary of Abu Dhabi National Oil Company (ADNOC), in addition to a 220KV switch station.
Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday, adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran.
