Nabors closes acquisition of Parker Wellbore

Nabors Industries has announced the closing of its acquisition of Parker Wellbore, advancing Nabors’ leadership position in drilling and related, value-added services.   Parker’s solutions portfolio includes Quail Tools,the leading rental provider of

Emerson completes acquisition of AspenTech

Emerson has completed its acquisition of all outstanding shares of common stock of Aspen Technology, (AspenTech) not already owned by Emerson.     “The completion of our acquisition of AspenTech marks a key milestone in the final phase of Emerson

Etihad Esco completes key energy savings performance contract

Etihad Energy Services Company (Etihad Esco), a wholly-owned subsidiary of Dubai Electricity and Water Authority (Dewa), has announced the completion of Dubai’s first energy savings performance contract (ESPC) with proven results.   Launched in 2015, the r

Siemens Energy lands $1.6bn Saudi power plants deal

Siemens Energy, a global leader in energy technology, has been awarded a $1.6-billion project to provide key technologies for two Saudi gas-fired power plants - Rumah 2 and Nairyah 2 - located in in the country’s western and central regions.   These plants

Positive energy, pragmatic actions needed to drive growth of AI: Al Jaber

AIQ signs $340m deal with Adnoc for ENERGYai, AI solutions

Aramco CEO calls for new global energy model at CERAWeek

Borouge dividend yield hits 6.7pc, offering big investor returns

Borouge’s financial results for 2024 underline the company’s resilience and profitability, with net earnings of AED4.5 billion ($1.24 billion), marking a 24% year-on-year increase.   The company also reported an industry-leading ebitda margin of 41%,

Norwegian oil major DNO to buy Sval Energi for $1.6bn

DNO ASA, the Norwegian oil and gas operator, today announced it has reached agreement to acquire 100 percent of the shares of rival Sval Energi Group AS from HitecVision for a cash consideration of $450 million based on an enterprise value of $1.6 billion.   The

Mubadala sells key stake in UK smart meter group Calisen

Mubadala, the sovereign wealth fund of Abu Dhabi, has announced that it has successfully completed the sale of its indirect stake in Calisen, a leading provider of smart metres and small-scale energy transition infrastructure assets based in Manchester, UK.   Mu