Petrofac has appointed a new Board of Directors following its acquisition by a consortium led by Mason Capital and Pearlstone, marking a new phase in the company’s strategic development, governance and long-term growth.
Huawei has announced its strategic focus on grid-forming, integrated solutions that reinforce grid stability to support high renewable penetration in Europe.
Adnoc Distribution, the UAE’s leading mobility and convenience retailer, has received the Gold Award for Fleet Safety from the Royal Society for the Prevention of Accidents (RoSPA), becoming the first UAE fuel retailer and the first Adnoc Group company to achieve the global recognition.
The International Energy Agency (IEA) has warned that global supply chains for critical minerals remain highly vulnerable despite growing efforts to diversify production, with rising geopolitical tensions and export restrictions posing significant risks to energy security and industrial growth.
bp has agreed to sell bp Ventures’ minority stakes in more than 10 energy technology companies to Verdane, subject to approvals. The deal supports portfolio simplification and disciplined capital allocation, with completion expected by the second quarter of 2027.
Oil prices eased slightly on Thursday after a three-day rally, but Goldman Sachs warned that the market remains vulnerable to a fresh price spike as China is expected to return to the market to rebuild crude stockpiles while global emergency inventories have been significantly depleted by the Gulf conflict.
Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
Volarix Global, a Bahrain-based company specialising in technology, innovation, and energy infrastructure, has announced the formation of an integrated platform in the kingdom, established to develop and deploy next-generation systems across key sectors.
Konecranes has secured two crane modernisation contracts from Brazilian renewable energy and electricity transmission company AXIA Energia to upgrade lifting equipment at the Manso and Mascarenhas de Moraes hydroelectric power plants.
Axens has launched the Ethanol to Refuel Aviation (ERA) project, France’s first industrial-scale Sustainable Aviation Fuel (SAF) production facility based on advanced bioethanol
