With global temperatures at near-record levels and El Nino set to return, governments, businesses, communities, and individuals across the world marked World Environment Day on June 5, sounding the alarm on the need to urgently address climate change.
Despite ongoing disruption to oil flows through the Strait of Hormuz and continued uncertainty surrounding the conflict involving Iran, OPEC has maintained its forecast for global oil demand growth, citing no evidence of a slowdown in consumption.
The clean energy production capacity of Dubai Electricity and Water Authority (DEWA) now accounts for more than 21.5% of its total energy production capacity, said Saeed Mohammed Al Tayer, MD and CEO of DEWA.
The Arab Shipbuilding and Repair Yard Company (ASRY) has announced the completion of its 200th offshore rig project belonging to Gorilla Class category. The Valaris 250 offshore rig achieved a key safety milestone clocking more than 700,000 LTI-free manhours.
McDermott, via McDermott Nederland BV, has been selected by Aramco as one of the 11 selected contractors for a Project Management Consultancy (PMC) Long-Term Agreement (LTA) to support delivery of large-scale energy, downstream, petrochemical and low carbon projects across Saudi Arabia.
HYXI (formerly HYXiPOWER), a global smart energy innovator, showcased its latest AI-native smart energy ecosystem at SNEC 2026 in Shanghai under the theme "Smarter Energy for All," highlighting its vision for AI-native energy autonomy across residential, C&I, and utility-scale scenarios.
IFS, a leading provider of Industrial AI software, today launched IFS Zero, an agentic emissions operating system designed for the world's most asset-intensive industries.
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
Venezuela will host its largest international energy investment summit from October 26–29 in Caracas, bringing together US, Venezuelan and international oil companies, investors, financiers and technical service providers to advance near-term investment opportunities across the country’s reopening energy sector.
Metal Park, the world’s first integrated Asset-as-a-Service ecosystem dedicated exclusively to the metal industry, has signed a strategic collaboration with SGS to strengthen inspection, testing, verification, and laboratory capabilities across the growing metal ecosystem in KEZAD, Abu Dhabi.
