Enersol’s portfolio company Deep Well Services (DWS) has completed its first well in the UAE, marking the company’s first deployment in the country and the wider Middle East region. The operation used DWS’ Hydraulic Completion Unit (HCU) technology and achieved planned first-well performance targets.
Trinasolar has signed a Memorandum of Understanding (MoU) with Al-Raebi for Trading and Solar Energy Systems Company to explore a potential 1.5 GW solar project pipeline in Yemen from 2026 to 2029.
John Crane, a global flow control technology company and part of Smiths Group, has appointed Bedour Bubshait as Regional Procurement Manager, making her the first woman to hold a management position within its Saudi Arabian business.
West African leaders approved the Nigeria-Morocco Gas Pipeline, a 6,000-kilometre project linking Nigerian gas fields to Morocco and European markets through 13 Atlantic coast countries.
Egypt’s Petroleum Ministry has announced that a consortium of Petrojet and ENPPI has secured a six-year engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman (PDO), covering projects valued at more than $6 billion.
The UAE has invested more than $85 billion in US energy assets across 19 states, supporting power generation, advanced chemicals, and energy infrastructure. The investments have been made through XRG, ADNOC, and Masdar.
Oil prices surged above $90 a barrel on Monday as the escalating military confrontation between the United States and Iran heightened concerns over supplies from the Gulf, with shipping through the Strait of Hormuz remaining severely disrupted following another night of attacks.
Enerpac Tool Group has entered into a definitive agreement to acquire Specialised Fabrication Equipment Group (SFE Group) from SFEG Holdings, a portfolio company of Gladstone Investment Corporation, for approximately $472 million in cash.
Rosen Group has commissioned a 2 MW photovoltaic system at its Lingen site, Germany, featuring 4,500 solar modules and smart energy management. The €2 million ($2.3 million) project enables 98.7 per cent on-site electricity use, advancing renewable energy goals.
Iraq has signed energy agreements with US firms including ExxonMobil, KBR and GE Vernova to advance oil and power projects, while progressing a Mediterranean Energy Corridor pipeline initiative with a planned capacity of two million barrels per day.
