Wood has secured more than $1 billion in contract wins across the Middle East in 2025, marking the second consecutive year of record sales bookings in the region. Wood has seen a near 20 per cent increase in awards compared to 2024, with wins across UAE, Iraq, Saudi Arabia, Bahrain, Kuwait, Oman and Qatar.
Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
Tabreed, a leading district cooling company, has announced a sustainability partnership with Sparklo, a UAE-based cleantech company building smart recycling infrastructure. The collaboration will see the installation of 16 reverse vending machines – called Sparklomats – across the UAE.
TWMA, a global leader in drilling waste management, has announced the first receipt of drill cuttings at its newly-built treatment facility in Abu Dhabi. Designed to support over 100 rigs for a major UAE operator, it can process up to 300 tonnes of drill cuttings per day.
ASMO, a joint venture between Saudi Aramco Development Company and DHL, has launched its operations in the Central Pipe Yard, an Aramco facility covering 5 million sq m area that serves as one of the world’s largest logistics hubs for OCTG and Line Pipe materials.
KBR has announced that it has been awarded a major contract for its PureMSM green methanol technology by Fikrat Al Tadweer for a pioneering biomethanol plant project in Saudi Arabia. The project scope involves transforming landfill-gas into clean fuels.
Nigeria has issued permits to 28 companies under its Gas Flare Commercialisation Programme to end routine flaring, cut emissions, and monetise wasted gas. The initiative targets up to $2 billon investment, 3GW power generation, 100,000 jobs, and cleaner energy access.
Egypt signed a contract with Qatar's Al Mana Holding for a first-phase investment of $200 million to produce sustainable aviation fuel from used cooking oil in the Suez Canal Economic Zone at Ain Sokhna. The first phase will have an estimated annual production capacity of 200,000 tonnes.
The GCC Interconnection Authority (GCCIA) and the Sustainable Energy organisation signed a memorandum of understanding (MoU) to establish a framework for cooperation in scientific research, energy efficiency, sustainability, and specialised events organisation.
