UK-based Metatek-Group has launched a three-year airborne survey programme in Nigeria, expanding geological mapping across 210,000 square kilometres using advanced geophysical technologies to support energy exploration, mineral development and renewable energy projects.
BB Energy has been awarded three additional crude oil cargoes by the Republic of South Sudan, scheduled for delivery in August, September and November 2026.
Aquaterra Energy and James Fisher have formed a global partnership to streamline offshore decommissioning, combining engineering and subsea expertise to improve efficiency, reduce risks and support well abandonment projects across the North Sea, Asia-Pacific and Middle East.
The International Energy Forum (IEF) has welcomed Pakistan as its newest Member Country, strengthening global cooperation on energy dialogue among producers, consumers and transit nations.
Hoist & Winch has completed the installation of eight tailored electric chain and wire rope hoists at a UK dockside seed-crush and refinery facility, supporting critical maintenance operations across the site.
SmartWatt Consulting and Integrated Energy Services, an Abu Dhabi-headquartered energy technology company, has partnered with India's BSES Rajdhani Power to develop AI-enabled demand-side flexibility solutions for capital Delhi's electricity network under the Muruna Initiative.
Oil prices settled lower on Friday after the latest round of US-Iran fighting as traders grew hopeful that shipping would eventually resume in the Strait of Hormuz, but prices finished with sharp weekly gains. Brent crude futures fell by 29 cents to close at $76.01 a barrel.
Abu Dhabi-based ADNOC Logistics and Services (ADNOC L&S) on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million (AED3.3 billion).
Ampo Poyam Valves has secured multiple contracts to supply around 15,000 engineered valves for the first five liquefaction trains of the Rio Grande LNG Project in Texas, one of the world’s largest LNG export facilities under construction.
Renewable energy continued to be the most cost-competitive source of new electricity generation in 2025, with more than 90 per cent of newly added utility-scale renewable capacity proving cheaper than the lowest-cost new fossil fuel alternatives, according to a report by the International Renewable Energy Agency.
