Kalpataru Projects, a leading Indian construction and engineering major, has announced that its international division has secured a major contract worth over Rs40 billion ($417 million) to provide EPC services for a gas pipeline project in UAE, thus reinforcing its robust track record in the global oil and gas sector.
Dubai Electricity and Water Authority (DEWA) has completed the $2.7 billion refinancing of Noor Energy 1 ahead of schedule. The 950MW project, part of the Mohammed bin Rashid Al Maktoum Solar Park, combines CSP, parabolic trough and photovoltaic technologies with up to 15 hours of thermal storage.
Researchers have tested solar panels at depths of up to 10 metres underwater, potentially opening the way for longer-lasting power supplies for subsea equipment without relying solely on batteries.
Eni has secured a 100 per cent participating interest in the Sapukala offshore block in Indonesia’s Kutei Basin through the first Indonesia Petroleum Bidding Round 2026.
TotalEnergies and partners SOCAR and XRG have taken the final investment decision for the full development of Azerbaijan’s Absheron gas field. The project is expected to start up in 2029, increasing production to 6 billion cubic metres of gas annually and 47,000 barrels per day of condensate.
Expro has secured a multi-product line contract to support a major Canadian operator’s life-extension campaign offshore Newfoundland, with work expected to begin in the first quarter of 2027.
Worley has secured a five-year renewal of its engineering, procurement and construction (EPC) framework agreement with CNOOC International’s UK business, extending a 12-year partnership supporting offshore operations in the UK Continental Shelf.
Oil prices climbed sharply on Monday, with Brent crude rising $2.59 to around $106.90 a barrel, as uncertainty over US-Iran diplomacy renewed concerns about the future of oil shipments through the Strait of Hormuz.
Oil exports through the Strait of Hormuz are rebounding this month despite continued restrictions on shipping, with Saudi Arabia sharply increasing shipments through the strategic waterway after attacks disrupted its main pipeline route to the Red Sea, according to data from energy intelligence firm Kpler.
SLB has secured four integrated well construction contracts from Aramco covering more than 450 wells across Saudi Arabia over three years, with an option for a two-year extension, supporting the Kingdom’s ongoing oil and gas development programmes.
