VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company, has secured a major contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
Iraq is preparing to expand crude oil and naphtha exports through Syrian ports as it moves to diversify trade routes after the Iran war disrupted its main Gulf shipping channels and effectively closed the Strait of Hormuz.
Brazilian state oil company Petrobras has approved a $1.2 billion investment to build a renewable fuels plant producing sustainable jet fuel (bioQAV) and renewable diesel, according to a securities filing.
The $11bn SunZia wind farm and transmission line in New Mexico is now fully operational after nearly 20 years of development. The 3,650 MW project will power around 1 million homes across Arizona and California.
Iraq expects to return oil production from its southern fields to levels exceeding three million barrels per day within one to two months, Iraq's state news agency reported.
Dubai Electricity and Water Authority said it has set up a new wholly-owned independent subsidiary - Dewa International - for developing conventional and clean energy projects worldwide and exporting the emirate's successful energy and water infrastructure model to global markets.
Opec’s World Oil Outlook 2026 projects global energy demand to rise 23 per cent by 2050, with oil reaching 124 mb/d. It highlights the need for diverse energy sources, expanded access, and sustained investment to balance growth, sustainability and affordability.
Wood has secured a five-year Long-Term Agreement with Aramco, extendable by three years, to provide engineering, design and project management services for oil, gas, refining, petrochemical and lower-carbon hydrogen projects in Saudi Arabia.
Indonesia and Kuwait have reaffirmed their commitment to strengthening cooperation in energy security amid growing global economic and geopolitical challenges.
Global solar power reached record levels in 2025, meeting 75 per cent of new electricity demand and driving the first-ever decline in fossil fuel-based power generation. Led by China and India, solar capacity additions surged 33 per cent, accelerating the global clean energy transition.
