Bahrain and France signed a memorandum of understanding to strengthen cooperation in the peaceful uses of nuclear energy, focusing on specialised training to develop and sustain the expertise and capabilities needed to support Bahrain’s civilian nuclear programme.
The Strait of Hormuz could become redundant within five years as Gulf countries accelerate investment in alternative energy export routes following the Iran war, HSBC Group Chief Executive Georges Elhedery said, even as renewed supply concerns pushed Brent crude above $110 a barrel on Wednesday.
Qatar Gas Transport Company (Nakilat) has announced that it has registered a slight decline in its net profit for the third quarter of 2026 which fell by 1.5% to QAR1.29 billion ($347 million) over last year's figure of QAR1.3 billion ($352 million) owing to the ongoing regional situation.
Women in Energy has announced its Board of Directors for the 2027–2028 term, bringing together industry executives and professionals to support leadership development, education and growth across the energy sector.
Lummus Technology, a provider of process technologies and value-driven energy solutions, announced it received a record five Gulf Energy Information Excellence Awards, including Technology Licensor of the Year for the third consecutive year, recognising the company's continued innovation and leadership across the energy value chain.
Sharjah National Oil Corporation (SNOC) and Norway’s Equinor have signed an MoU to explore downstream energy opportunities. The agreement will assess cooperation in storage, infrastructure, logistics, trading, supply and shipping of liquefied petroleum gas, natural gas liquids and other oil and gas products.
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.
