Eni and Libya’s National Oil Corporation (NOC), through their joint venture Mellitah Oil & Gas, have completed the Bouri Gas Utilisation Project (GUP), with start-up procedures now underway to recover associated gas from the offshore Bouri field in western Libya.
Infinity Power and HAU Energy have secured up to $566 million in debt financing for Egypt’s Nefer Minya solar project, combining 1.2 GWp of solar capacity with a 600 MWh battery storage system to strengthen grid reliability and expand renewable energy generation.
Eni, through Agiba Petroleum Company, its joint venture with the Egyptian General Petroleum Corporation (EGPC), has launched start-up activities for the Meleiha Phase 2 (MP2) project in Egypt’s Western Desert, marking a significant step in expanding the country’s natural gas production and processing capacity.
The European Commission has awarded €3.4 billion ($3.8 billion) to 77 net-zero technology projects across Europe to accelerate industrial decarbonisation, strengthen clean technology supply chains and advance the European Union’s target of achieving climate neutrality by 2050.
Blackstone has announced the final close of Blackstone Energy Transition Partners V (BETP V) at $8.7 billion, making it more than 50 per cent larger than its predecessor fund.
Abu Dhabi-based fertilizer producer Fertiglobe is studying plans to set up an integrated phosphate complex in Ain Sokhna region of Egypt. The complex will boast a production capacity of 1.3 million tonnes of diammonium phosphate (DAP) fertilizer per annum.
UAE oil major Enoc Group has recorded over AED478 million ($130 million) in cumulative savings through energy and resource management (E&RM) initiatives since 2014, alongside a 21.7% improvement in energy efficiency and a 11.5% cut in greenhouse gas emissions intensity, said a top official.
Bank of Bahrain and Kuwait (BBK) and Sustainability Forum Middle East (SFME) will host a high-level Sustainable Finance Roundtable on November 3, 2026, at the Sheraton Bahrain Hotel, bringing together stakeholders from the financial sector, government and industry to explore how sustainable finance can support Bahrain’s economic development and green transition.
Psychological consultancy IntrospeXion has appointed Dr Natalie Robson as Head of Corporate Psychology & Performance, GCC, as the company expands its mental health and workplace wellbeing support for high-pressure industries, including oil and gas and the wider energy sector.
Sparc Technologies Limited has signed a memorandum of understanding (MoU) with Levidian Nanosystems to develop and commercialise graphene-enhanced ecosparc coatings for protective and industrial applications across the GCC.
