Oil prices pulled back sharply from four-month highs on Thursday, easing from above $108 a barrel as Saudi Arabia moved to restore disrupted crude flows, while a US interest-rate increase added pressure to the market.
Saudi authorities have announced the signing of a key investment contract with Unigaz Arabia for the development of an integrated gas storage, filling and distribution plant coming up on a 200,000-sq-m site in the kingdom's Hail region, said a report.
ME-TECH 2026 concluded in Dubai on September 16 after three days of discussions on the future of the downstream sector, bringing together energy leaders, experts and innovators from the GCC, Middle East and international markets.
Korean Register (KR) and Hanwha Ocean have signed an MOU to jointly develop two 18,000-cubic-metre LNG bunkering vessel designs, featuring different cargo containment systems to meet growing demand for efficient ship-to-ship LNG fuel transfer.
Ebara Elliott Energy (EEE) has secured a milestone contract from Chart Ferox, a subsidiary of Baker Hughes’ Chart Industries, to supply a specialised liquid hydrogen (LH2) pump system for an advanced hydrogen refuelling trailer.
Schneider Electric has concluded its Innovation Summit Middle East and Africa in Abu Dhabi, bringing together more than 2,500 attendees, including government leaders, industry analysts and partners to examine how the convergence of energy, AI and industrial software is reshaping the region's future.
Global energy leaders, ministers and technology leaders will be in Abu Dhabi this November for ADIPEC 2026, a mega energy conference and exhibition, to assess how to meet rising demand amid geopolitical uncertainty and infrastructure constraints. The event will mobilise investment in resilient and intelligent energy systems.
Record-low Danube water levels forced thermal power plants across Central Europe to cut output or shut down in August, exposing vulnerabilities in heatwaves. Hungary’s Paks nuclear plant fell to 9% capacity, while Romania’s Cernavodă plant was fully shut down.
TotalEnergies and French artificial intelligence company Mistral have announced a three-year partnership involving more than €100 million ($116 million) to develop a new generation of AI models for oil and gas exploration and reservoir development.
Masdar and Taaleri Energia have inaugurated Serbia’s 154MW Čibuk 2 wind farm, creating the largest wind power hub in Serbia and the Western Balkans. Combined with Čibuk 1, the facilities deliver 312MW, powering 178,800 households and attracting over €500 million ($577 million) investment.
