Saudi Arabia’s Arabian Drilling Company has signed a new five-year contract worth approximately SAR3 billion ($800 million) with SLB for the provision of 11 land rigs for gas-related lump-sum turnkey (LSTK) operations.
The UAE’s renewable energy capacity has increased more than 63-fold over the past decade, rising from 129 MW in 2015 to more than 8.2 GW in 2025, according to Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure.
Saudi-listed Acwa has signed an MoU with Veolia in Paris to optimise seawater desalination, combining technical expertise to improve SWRO plant design, operations and equipment selection while reducing energy consumption.
The UAE Fuel Price Committee has approved fuel prices for September 2026, with petrol prices adjusted by between 5.56 per cent and 5.87 per cent under the country’s monthly pricing mechanism.
Deep Well Services (DWS) has completed its first major project in the UAE, delivering an 11-well unconventional campaign in Abu Dhabi 43 per cent ahead of schedule and saving 33 operational days.
OES Group has returned to private ownership following the completion of a management buyout, marking a new chapter for the Testing, Inspection, Certification and Compliance (TICC) and engineering services provider.
The Saudi Oil Sustainability Programme (OSP) has won two international Vega Digital Awards for its “We Know Its Worth” campaign, launched to mark Saudi Arabia’s 95th National Day and highlight the importance of oil in everyday life.
Egypt is stepping up cooperation with Abu Dhabi Future Energy Company (Masdar) to accelerate a pipeline of solar, wind and battery-storage projects as Cairo seeks to raise the contribution of renewable energy to 45% of its electricity mix by 2028.
Oil prices surged more than 2% on Monday after a fresh exchange of US and Iranian attacks around the Strait of Hormuz renewed the risk of disruption to crude shipments through the key oil chokepoint.
The UK risks becoming trapped in a cycle of high electricity prices, weaker industrial demand and rising infrastructure costs unless it finds ways to increase power consumption, Energy Institute President Andy Brown has warned.
