Kuwait Oil Company has announced that it has signed a $16 billion lease-and-lease-back agreement involving its entire domestic and export pipeline network with a consortium of international infrastructure and institutional investors led collectively by Blackstone, Brookfield and KKR.
US President Donald Trump has threatened "major military punishment" against Iran and Yemen's Houthi movement after two Saudi oil tankers were attacked in the Red Sea, as fears of a widening threat to global shipping pushed oil prices above $100 a barrel for the first time since May.
US President Donald Trump has thrown the future of a newly signed civilian nuclear cooperation agreement with Saudi Arabia into uncertainty by declaring that it will take effect only if the kingdom normalises relations with Israel, a condition that was not publicly attached to the deal when it was signed.
Oil topping $100 amid Red Sea attacks is rattling markets, affirms the CEO of a top independent financial advisory organisation. Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, while US crude rose to $91.83, up 5.8% after Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea
Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, after Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea.
Worley has been selected as EPC supplier for Uniper’s Connah’s Quay Low Carbon Power project in the UK. The 1.38GW facility will use carbon capture technology and could begin operations from 2030.
Ampo Poyam Valves has been selected to supply 180 large-sized engineered gate valves, including 148 cryogenic service gate valves, for Saudi Aramco’s Riyas NGL Fractionation Trains project in Jubail, Saudi Arabia.
Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman.
The International Energy Agency (IEA) expects global electricity demand to grow 3.6 per cent in 2026 and 3.8 per cent in 2027, driven by electrification, data centres and industrial demand despite LNG market disruptions and energy price volatility.
Enersol announced that its portfolio company, EV, has acquired Houston-based Scientific Data Systems (SDS), developer of the Warrior Data Acquisition System, a widely deployed wellbore logging acquisition platform used across the global energy industry.
