Innovex International has completed its $95 million acquisition of TCO Group. The deal expands glass barrier technology reach, enhances cross-selling in Norway and UAE, and supports global energy services growth strategy.
Valmet has completed its acquisition of UK-based Severn Group, strengthening its Flow Control business. The deal expands its industrial valve portfolio, supports energy transition goals, and enhances offerings across key global process industries.
The World Bank’s Board of Directors has approved a $265 million loan to support Morocco’s Ifahsa Pumped Hydropower Storage Project, a major clean energy initiative aimed at strengthening the country’s electricity grid and expanding renewable energy integration.
Bahrain’s Fuel Pricing and Monitoring Committee has set July fuel prices, effective July 2, with Jayyid (91) at BD0.222 ($0.59), Mumtaz (95) BD0.247, Super (98) BD0.362, and diesel BD0.229 per litre, while retaining diesel subsidies for Bahraini fishermen.
Leading petrochemical company Sipchem has announced that work has been fully completed on the expansion project at the ethylene cracker plant operated by one of its key ventures, the Saudi Ethylene and Polyethylene Company (SEPC), and now its trial production has begun.
Oman's Ministry of Energy and Minerals has launched a digital supply chain initiative to improve procurement, contract management and spending efficiency across the energy sector, which manages annual supply contracts worth more than RO4 billion ($10.4 billion).
IMI, a global leader in fluid and motion control, engineering bespoke solutions, has been awarded a new contract to supply a wireless vibration monitoring solution for a major refinery operator in Oman, designed to reduce unplanned downtime.
Kawasaki Kisen Kaisha (K Line) announced the delivery of its second new LNG carrier, Puteri Kedah, to Petronas LNG on June 30, 2026 at Hudong-Zhonghua Shipbuilding in China.
The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.
Flowserve Corporation (FLS), a provider of flow control products and services, has completed its all-cash acquisition of Trillium Flow Technologies’ Valves Division (TVD) for $490 million, plus working capital adjustments.
