Penspen, an engineering and energy services consultancy, has announced record performance in the Middle East & Africa (Mena), securing project management consultancy and engineering contracts worth more than $400 million so far this year.
Algeria will invest $60 billion in energy projects between 2025 and 2029 as part of a large-scale strategy to boost oil, gas and hydrogen development, Energy and Mines Minister Mohamed Arkab said.
Renewable electricity generation is expected to more than double globally by 2030, driven by solar PV growth, according to the International Energy Agency (IEA). Despite supply chain issues and financial pressures, global renewable power capacity could rise by 4,600 GW, equivalent to the total capacity of China, the EU, and Japan combined.
Mubadala Energy, the Abu Dhabi headquartered international energy company, has announced tangible progress across key Environmental Social and Governance (ESG) drivers, including a 36.5 per cent reduction in Scope 1 and 2 greenhouse gas (GHG) emissions in 2024.
Oman Across Ages Museum signs a cooperation agreement with BP Oman to fund and implement a project for installing a grid-connected solar system with a capacity of 800 kW and an annual output of approximately 1,300 megawatt-hours (MWh) at the Museum's facilities.
The Arab Energy Fund (TAEF), a leading multilateral impact financial institution dedicated to ensuring energy security and sustainability in the MENA region, has announced that it has led Tagaddod’s $26.3 million Series A equity round.
TotalEnergies and Veolia have signed a memorandum of understanding for further cooperation in several key areas of energy transition and the circular economy, in line with their respective approaches to reduce their greenhouse gases emissions and water footprint.
A new report by Adnoc and Microsoft indicates that AI is transforming the energy sector, especially in distribution and emerging solutions like predictive maintenance and smart grid management. Notably, 88 per cent of respondents believe scaling AI is crucial for energy transformation.
Hitachi signed a Memorandum of Understanding (MoU) with the US Department of Commerce to enhance energy infrastructure for data centres and promote sustainable AI growth.
Singapore is "seriously studying the potential deployment of nuclear energy, especially newer technologies such as small modular reactors," Minister-in-charge of Energy and Science and Technology Tan See Leng said at the opening of Singapore International Energy Week.
