Al Masaood Group has signed an MOU with the German Emirati Institute to join the ‘OFUQ 4.0’ international programme, overseen by Tawazun, advancing its Mechatronics Apprenticeship Programme and strengthening specialised engineering skills among Emirati graduates.
Larsen & Toubro (L&T), an Indian engineering and construction conglomerate, showcased its latest advancements in renewable energy, power transmission and digital grid solutions to industry professionals from more than 60 countries at the Water, Energy, Technology and Environment Exhibition (Wetex) 2026 expo held in Dubai.
Bahri, a global leader in transportation and logistics, has awarded a SAR1.7 billion ($446 million) contract to International Maritime Industries (IMI), an integrated maritime facility in the Mena region, for the construction of three Very Large Crude Carriers (VLCCs), each with a 320,000 deadweight tonnes (DWT) capacity.
Go Energy Group has partnered with Saudi Arabia’s Clean Energy Co and SARCO to develop a low-carbon fuels project targeting European and Asian markets. Initial capacity is planned at 50,000 tonnes annually, with expansion potential reaching 400,000 tonnes.
Saudi Basic Industries Corporation (SABIC) reported a 14 per cent quarterly revenue increase to SAR28.17 billion ($7.51 billion) in Q3 2026, while adjusted EBITDA rose 40 per cent to SAR4.75 billion. Adjusted net income rebounded to SAR840 million.
Türkiye will unveil a revised National Energy Plan on November 5, with stronger renewable energy targets through 2040, as installed wind and solar capacity surpasses 44 GW and officials highlight rising grid investment needs to support expansion.
bp and the State of Louisiana have reached an agreement to resolve longstanding Deepwater Horizon disputes, including an early payment of approximately $350 million under a 2015 settlement and the resolution of remaining coastal zone lawsuits involving the company.
QatarEnergy has signed two long-term agreements with US-based Cheniere to purchase up to 4 million tonnes per annum (MTPA) of liquefied natural gas from Louisiana and Texas facilities, with deliveries expected to begin in 2031 and continue through 2054.
OQ Exploration and Production (OQEP) is expanding its Oman portfolio and pursuing selective overseas investments to reach 300,000 barrels of oil equivalent per day by 2030. Production rose 2.7 per cent year-on-year to 228,200 boe/d in H1 2026.
KEC International, a global infrastructure engineering, procurement and construction (EPC) major, has secured an order for a 400kV transmission line project in Oman as part of its new orders worth Rs106 billion ($1.1 billion) across its Transmission & Distribution (T&D), civil and cables and conductors businesses.
