Saudi-based Energy and Infrastructure Company (EICO) said it has signed a significant engineering and construction contract with Tebian Electric Apparatus (TBEA) for a 380kV substation project being developed by Saudi Electricity Company (SEC) in the kingdom's northern region.
Saudi Arabian Refineries Company said one of its key subsidiaries, Clean Energy Company, has entered into an agreement with British renewable energy company AGR for the sale of green ammonia being produced at its plant in Jazan industrial city in the kingdom.
The 2026 sovereign credit outlook for the Middle East region is stable thanks to the continued economic and credit resilience despite elevated geopolitical tensions and lower oil prices, said a S&P report, adding that the average regional growth is set to accelerate slightly to about 3.5%.
Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report.
Japan’s Mitsui & Co is close to acquiring a stake in the second phase of QatarEnergy’s giant North Field liquefied natural gas (LNG) expansion, as it seeks to secure stable long-term gas supplies, Reuters reported, citing sources familiar with the matter.
Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit for the full year 2025 of AED476 million ($130 million) as compared to AED553 million ($151 million) in FY 2024.
Weatherford International, a leading oilfield service company, secured significant orders in 2025 across GCC from heavyweights including Oman PDO, Oxy, Kuwait Oil Company and Bahrain Petroleum (Bapco) for well services, gas-lift as well as directional drilling and MPD services.
Nesma Infrastructure & Technology said it has secured a new power cable replacement contract from Saudi Electricity Company (SEC) within the kingdom's Central Operation Area. The scope of work includes removal of existing cable and installation of advanced underground transmission systems.
Axens announces the successful closing of the acquisition of 100 per cent of Eurecat, following the completion of the required regulatory approvals. With this transaction, Axens becomes the sole owner of Eurecat, a provider of catalyst services.
Ampo Poyam Valves has supplied a wide range of critical cryogenic valves for the Caofeidian Xintian LNG Receiving Terminal, one of the key projects within China’s national natural gas production, supply, storage and transportation system.
