Oil prices climbed more than 2% on Monday as investors reassessed expectations for a breakthrough in US-Iran negotiations, with renewed regional tensions highlighting the fragility of efforts to secure a broader peace agreement and restore stability to Middle East energy supplies.
Sungrow, in partnership with ACO and Korra Energi, has commissioned a 1.4 MWp solar system at the Esh El Mallaha petroleum facility in Hurghada, addressing persistent energy challenges in Egypt’s remote oil and gas operations.
SLB has entered into an agreement to acquire Houston-based technology company Tachyus, which specialises in high-speed reservoir modelling and optimisation.
Bapco Energies has announced the launch of the NBH Future Energy Leaders – Scholarship and Career Development Programme, a national initiative aimed at nurturing Bahraini talent in the energy sector.
Global technology company SLB announced an expanded collaboration with Vår Energi to scale well planning and integrated field development planning across its Norwegian Continental Shelf operations.
WoodKSS, Wood’s incorporated joint venture in Kazakhstan, has secured a new engineering and project support contract with Tengizchevroil, one of the world’s largest onshore producing oil fields.
Kuwait has approved the merger of Kuwait Integrated Petroleum Industries Company (KIPIC) into Kuwait National Petroleum Company (KNPC), according to a decision by the Supreme Petroleum Council.
Indonesia plans to develop 100 GW of solar power capacity through a project valued at an estimated $71.3 billion, according to a report by the Indonesian News Agency (ANTARA).
Japan has committed JPY 90.1 million ($565,422) to support regional cooperation on clean, resilient, and efficient energy solutions, as rising electricity demand driven by digitalisation and artificial intelligence adds pressure to energy systems across the Asia-Pacific.
India will reduce export duties on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1, according to a government statement.
