GCC nations are charting a bold energy path, expanding oil and gas while ramping up decarbonisation. DNV’s report highlights hydrogen, ammonia, and carbon capture as game-changers, projecting Mena could export half of its hydrogen and ammonia output by 2060, reshaping the global energy market.
The Arab Shipbuilding and Repair Yard Company (ASRY) recently hosted a key meeting for Bapco Energies companies in Bahrain where they discussed ways to boost health and safety standards, review adopted best HSSE practices and promote the exchange of expertise as per global standards.
Emirates Central Cooling Systems Corporation (Empower) has announced solid results for the FY 2025, with record revenues of AED3.4 billion ($925.6 million), up 4.9% over the previous year, while its net profit surged by 10.5% to hit AED1.004 billion ($273 million) for 12-month period.
Al Jomaih & Shell Lubricating Oil Company (JOSLOC) and Al Nakhlah National Company (NANCO) signed a strategic lubricants supply agreement. Under the partnership, JOSLOC will provide premium lubricant solutions to support NANCO’s diverse fleet, enhancing efficiency, safety, and reliability across Saudi Arabia’s transportation and logistics sectors.
Beacon Offshore Energy’s Shenandoah field has achieved a milestone, reaching 100,000 barrels of oil per day (bopd) within 75 days of startup, surpassing regional ramp-up benchmarks and establishing a new performance standard for deepwater operations.
Clearwater Analytics is introducing CWAN Power and Gas, a new set of risk management capabilities within Beacon by CWAN designed to replace “black-box” systems in the energy trading industry.
Sony Corporation, together with Mitsubishi Corporation, ADEKA, CHIMEI, ENEOS, Formosa Chemicals & Fibre, Hanwha Impact, Idemitsu Kosan, Mitsui Chemicals, Neste, Qingdao Haier New Material Development, SK Geo Centric, Toray Industries, and Toray Advanced Materials Korea, has established the world’s first global supply chain for renewable plastics spanning five countries.
Northstar Telecom has partnered with Omnicomm, a global leader in fuel monitoring and telematics technology, to bring advanced fuel intelligence and fleet optimisation solutions to businesses across Bahrain.
Esyasoft e-Mobility and ABB E-mobility has announced a strategic partnership under a Memorandum of Understanding (MoU) to jointly deploy EV charging solutions and integrated e-Mobility infrastructure across multiple regions. The collaboration aims to deliver turnkey EV fleet electrification solutions for large-scale public transit and enterprise projects.
Eni, together with CDP Venture Capital, invested €550,000 ($654,750) and announced a collaboration with the startup EXE Engineering in the field of carbon offsetting initiatives in Africa. This new investment will enable the startup to accelerate its roadmap and support the expansion of its projects into new operating contexts, including international growth in Europe and Africa.
