The rapid growth of artificial intelligence (AI) and data centres is reshaping energy demand and increasing the focus on flexible generation, energy storage, critical power and smart energy management, according to Mark Ring, Group Director of Middle East Energy.
Ultimate Power Solution Group, headquartered in the Sharjah International Airport Free Zone, has signed more than 12 deals and commercial agreements with international and regional clients during its participation in Middle East Energy 2026 in Dubai.
Shell and Chevron have signed a non-binding agreement with Ghana for production rights to the South Deepwater Tano Cape Three Points oil and gas block, as the West African country seeks to attract investment and reverse declining petroleum output.
Chevron has reached new agreements with Venezuela covering its joint ventures, unlocking plans for more than $7 billion in investment over five years and production growth to about 600,000 barrels per day, supported by additional Orinoco Belt acreage and lower costs.
Powered by Her, an energy leadership initiative, launched its Founding Ambassadors programme on September 3, 2026, the third day of Middle East Energy 2026.
Gulf Cryo, a Middle Eastern provider of liquid carbon dioxide (CO₂), is set to significantly expand its regional production capacity from 700 metric tonnes per day (MTPD) to 1,300 MTPD by the end of 2026, equivalent to more than 470,000 tonnes annually.
Subsea7 has secured a sizeable contract from LLOG Exploration, a Harbour Energy subsidiary, for the Who Dat East development in the US Gulf, covering subsea installation work at around 1,300 metres water depth.
Baker Hughes has signed a multi-year contract with Pakistan’s Oil & Gas Development Company (OGDC) to improve production and recovery from mature oil and gas fields, supporting the country’s efforts to strengthen domestic energy supplies.
Axens has been awarded a contract by Argentina’s YPF to implement a 5,000 m³/day low-sulphur diesel hydrotreater at its Industrial Complex using Prime-D technology. The unit will be delivered through prefabricated modules, reducing the project schedule by six months compared with conventional construction.
Eni and Venezuela’s state-owned oil company PDVSA have signed a new hydrocarbon production agreement covering the development of the giant Junín 5 oil field in the Orinoco Belt.
