Beam Global, a leading provider of innovative and sustainable infrastructure solutions for energy storage and security as well as smart city infrastructure, said it has signed an agreement with Masdar City Free Zone to explore opportunities to incorporate its smart-energy and clean-mobility technologies into the Masdar City ecosystem.
Hyundai Engineering Company has announced that its consortium has completed the work on the first phase of Jafurah Gas Processing Facilities Project in Saudi Arabia for global oil giant Aramco. The project, which began in November 2021, was executed over a 45-month period.
Oil prices fell about 1% on Friday, extending losses for a third consecutive session, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes and a tanker was hit in the Strait of Hormuz, with markets focusing instead on efforts to restore Saudi oil flows and alternative routes for Gulf exports.
Lamprell, a leading provider of contracting services to the energy sector, has announced that it has been signed up as part of a consortium with Indian construction and engineering conglomerate Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and installation project in UAE.
Shell Global Solutions International, Fraunhofer IKTS and AVL have launched a four-year collaboration to develop a next-generation power-to-liquids (PTL) process using solid oxide co-electrolysis technology to produce synthetic aviation fuel (e-SAF) from CO2 and low-carbon electricity.
H2APEX Group, a developer and operator of green hydrogen plants supporting decarbonization in industry, infrastructure and mobility, has expanded its partnership with Lhyfe, a producer of green and renewable hydrogen for mobility and industry.
Emirates Biotech and United Arab Emirates University (UAEU) have launched a joint research project to design, build and operate the UAE’s first integrated organic-waste valorisation pilot plant, aiming to convert mixed food waste and compostable packaging into renewable biogas and nutrient-rich compost.
Norwegian oil and gas operator DNO ASA has announced that the boards of DNO, DNO Bidco AS and UK-based Capricorn Energy have agreed to revise the terms of its proposed acquisition of Capricorn, with shareholders now set to receive the full acquisition value in cash.
SLB has secured a contract from Equinor to expand real-time leak detection, virtual flow metering and digital production monitoring at the Johan Sverdrup Phase 3 development in Norway’s North Sea.
Eni has completed the sale of a 10 per cent stake in Côte d’Ivoire’s Baleine offshore project to Azerbaijan’s SOCAR. Eni retains a 37.25 per cent interest, alongside Vitol with 30 per cent and Petroci with 22.75 per cent.
