Fourteen people were killed when a helicopter operated by Saudi Aramco crashed in Ras Tanura on Sunday (June 28), at approximately 6:00 am, a Saudi Ministry of Energy statement said.
Envision Energy has signed a 660MWh battery energy storage system (BESS) supply agreement with SOLA Group and WBHO for the Naos-1 project, a major hybrid renewable energy development in South Africa.
Oil and Natural Gas Corporation (ONGC) and bp have signed a new Technical Services Contract for ONGC’s Western Offshore Basin, expanding their collaboration beyond Mumbai High to one of India’s most important hydrocarbon-producing regions.
Qatar and other major LNG suppliers urged the EU to clarify and amend methane regulations, reaffirming commitment to energy security, economic partnerships, and reliable energy supplies while supporting Europe’s competitiveness and sustainability goals.
India-based Likhitha Infrastructure has announced that it has won a major international contract from China Petroleum Engineering and Construction Corporation for the execution of Pipeline Package-1 (ASAB) in Abu Dhabi. The entire work will be completed within a period of 21 months.
Oman has awarded Block 80 to OQEP and Turkish Petroleum, covering 5,737 sq km in Musandam. The $90 million exploration programme includes seismic surveys and drilling wells to enhance hydrocarbon development under Oman Vision 2040.
China’s installed power capacity reached 4.01 billion kW by May 2026, ranking first globally. Non-fossil fuels accounted for 62 per cent of capacity, driven by growth in renewable energy projects, including offshore wind and nuclear power.
European Union’s (EU) petroleum oil imports remained stable in Q1 2026, with values up 0.8% and volumes down 0.6%, while LNG volumes rose 2.9%. The US led oil and LNG supplies, while Norway dominated pipeline gas imports.
Nasdaq Dubai has welcomed the listing of a $500 million Sukuk issued by The Arab Energy Fund (TAEF), strengthening the exchange’s position as a leading global hub for Islamic finance.
Oman's Nama Power and Water Procurement has launched the RFQ process for the development of two renewable energy projects - Adam Solar IPP (integrated with a Battery Energy Storage System (BESS), and Sinaw Solar IPP - being set up at a total investment of RO398 ($1.03 billion).
