GE Vernova reported strong second-quarter 2026 results, with orders rising 88 per cent to $24.2 billion and revenue up 22 per cent to $11.1 billion, driven by robust power and electrification demand, prompting the company to raise its full-year guidance.
Libya will place upstream investment at the centre of its energy strategy with the launch of a dedicated Upstream Hub at the Libya Energy & Economic Summit (LEES) 2027, taking place in Tripoli from January 23–25.
US Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman have signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement.
Eni has achieved first industrial electricity at Kazakhstan’s Mangystau Hybrid Power Plant, advancing the 247 MW gas, solar and wind project with KazMunayGas and Plenitude, supporting cleaner and reliable regional energy supply.
Khalda Petroleum has begun production from the newly discovered Wanda deep gas well in Egypt’s Western Desert, with an initial output of 40 million cubic feet per day (mmcf/d), Egypt’s Ministry of Petroleum and Mineral Resources announced.
US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter.
Decom Engineering has secured contracts worth £4.5 million ($6 million) in the first half of 2026, exceeding its original full-year target and putting the Aberdeen-based engineering specialist on track to achieve a record £6 million in annual revenue.
Ebara Elliott Energy (EEE) has become the first company in the world to receive Type Approval certification for liquid hydrogen (LH2) cargo pumps used in maritime liquefied hydrogen carriers, marking a significant advance in hydrogen shipping infrastructure.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has signed up Al Ajimi Contracting to build a substation as well as associated electrical infrastructure at its premium mixed-use development - Al Khobar Downtown - coming up in the kingdom’s Eastern Province.
Maire’s Tecnimont has won a contract to develop Argentina’s largest urea facility at Bahía Blanca, featuring ammonia and ultra-low energy urea plants with 2.1 million tonnes annual capacity and advanced technology from Nextchem.
