Masdar and Azerbaijan Green Energy Company signed an agreement to explore expanding the 230MW Garadagh Solar PV project by at least 350MW, adding up to 200MWh of battery storage, and developing a 100MW round-the-clock renewable project. Masdar and SOCAR Green also reached financial close on the 315MW Neftchala solar project.
Singapore-based solar company LHN Energy will launch an integrated Solar Power Purchase Agreement (PPA) and Direct Current (DC) fast-charging solution in early September 2026, targeting businesses transitioning to electric heavy vehicles (eHVs).
International Resources Holding (IRH), an Abu Dhabi-based natural resources investment platform and subsidiary of 2PointZero Group, has signed a strategic agreement with Azerbaijan’s state-owned mining company AzerGold CJSC to jointly explore the mineral potential of the Nakhchivan region.
Oman and Thailand have signed an MoU to strengthen energy cooperation, investment and knowledge exchange. The agreement will promote joint projects, technology sharing, training and research, while establishing an energy policy dialogue to support long-term partnerships between the two countries.
US inventories of crude oil, gasoline and distillates increased in the week ending September 11, according to data from the American Petroleum Institute. Crude stocks rose by 7.1 million barrels, while gasoline inventories increased by 1.5 million barrels and distillates climbed by 1.6 million barrels week-on-week.
Oil prices held around $108 a barrel on Wednesday, near a four-month high, as markets grappled with mounting concerns over global energy supplies following the shutdown of Saudi Arabia's East-West oil pipeline and continuing attacks on key oil and shipping routes in the Middle East.
Korean Register has partnered with HD Hyundai Heavy Industries, BAR Technologies and LISCR to develop a 174,000-cubic-metre LNG carrier featuring WindWings technology, targeting improved fuel efficiency and lower emissions through wind-assisted propulsion.
Six Japanese companies have secured Approval in Principle (AiP) from Nippon Kaiji Kyokai (ClassNK) for a low-pressure liquefied CO₂ (LCO₂) carrier, following a risk assessment of CO₂ handling operations.
XRG, ADNOC's international investment company, has completed its acquisition of an equity stake in Southern Gas Corridor (SGC) from Azerbaijan’s Ministry of Economy, following the satisfaction of all conditions and receipt of customary regulatory approvals.
Petrobras has awarded Strohm and its Brazilian subsidiary Strohm Brasil a contract to supply thermoplastic composite pipe (TCP) for Brazil’s post-salt offshore cluster.
