Oman's United Solar has announced the financial close of its previously announced $50 million equity investment from IFC, the private sector arm of the World Bank Group.
A recovery in world oil demand is underway, with consumption set to rise from its May nadir on seasonal trends and as pent-up demand is released in line with a rebound in product supplies, says an International Energy Agency (IEA) report.
Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia.
Japan’s Kanadevia Corp has signed an agreement with Bahwan Engineering Company to jointly develop green hydrogen and low-carbon fuel projects in Oman. Under this, the duo will collaborate on project bidding, engineering, procurement, manufacturing and sales for green hydrogen and e-methane.
Oil prices jumped sharply at the start of Asian trading on Monday after the United States launched a second consecutive night of strikes on Iranian military targets and Tehran retaliated with fresh attacks, heightening fears of disruption to crude shipments through the Strait of Hormuz, the world's most important oil transit chokepoint.
Dubai Electricity and Water Authority (Dewa) has announced that it has ranked first in 13 key performance indicators across its operations, alongside leading regional indicators, demonstrating that excellence in Dubai is measured by impact rather than scale alone.
The global energy architecture is facing a systemic crisis, a breakdown clearly exposed by the fact that global energy-related methane emissions demonstrated no discernible trajectory of decline during 2025.
The 2026 Energy Progress Report shows global clean energy gains remain insufficient for SDG 7 targets by 2030. Despite renewable growth, major access gaps persist, especially in Sub-Saharan Africa, requiring faster investment and stronger action.
The Seventh Global Conference on Strengthening Synergies between the Paris Agreement and the 2030 Agenda called for accelerated, integrated action to turn climate and sustainable development commitments into results.
Quaise Energy has secured $134 million in the first close of its Series B financing to accelerate development of its superhot geothermal technology and Project Obsidian, the world’s first commercial superhot geothermal power plant.
