Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors.
OQT, the international energy and commodity trading vehicle of the Government of Oman, has announced the provision of a medium-term structured finance facility to Maldives’ State Trading Organisation (STO), alongside a mid- to long-term supply arrangement for light and middle distillate products used across transport, power generation, and essential services in the Maldives.
The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility have launched a pilot using Phaidra’s AI technology to improve energy efficiency across data centres and district cooling. The initiative will test advanced AI control systems to optimise AI infrastructure operations.
OQ Group welcomed 130 graduates into its 2026 Graduate Development Programme, underlining its public–private partnership with Oman’s Ministry of Labour. The initiative aims to create 600 jobs, supporting sustainable employment, national capacity building, and OQ’s future growth needs.
Technology group Wärtsilä will invest approximately EUR 140 million ($165,4 million) to further expand its production capacity by 35 per cent at its technology centre, Sustainable Technology Hub (STH) in Vaasa, Finland and associated global supply chain.
XRG, an international energy investment company based in Abu Dhabi, has signed an agreement with the Ministry of Economy of Azerbaijan to acquire an equity stake in Southern Gas Corridor CJSC (SGC).
State-owned Kuwait Petroleum Corporation (KPC) plans to invite foreign companies to help develop recent offshore discoveries, as Kuwait looks to accelerate production and apply advanced technologies offshore, according to a Reuters report.
DNV, an independent risk management and assurance expert based in Norway, has launched its Industrial Services unit, evolving its inspection business into a dedicated provider of quality assurance and inspection services for energy, infrastructure and complex industrial supply chains.
DNV has launched its Industrial Services unit, evolving its inspection business into a dedicated global provider of quality assurance and inspection services for energy, infrastructure and complex industrial supply chains.
Mubadala Energy, the Abu Dhabi headquartered international energy company, has completed the acquisition from Eni of a 15 per cent participating interest in the Nargis Offshore Area (“Nargis”) concession, an offshore exploration block in Egypt.
