Oil, Gas, Petrochemicals & Renewables

Energy, Oil & Gas

Nama, O-Green launch 2.7 GW renewables project in Oman

Mon, 18 May 2026

Nama Power and Water Procurement and O-Green signed a Power Purchase Agreement for Oman’s 2.7GW Continuous Renewable Energy Project in Mahout and Duqm, combining solar, wind and battery storage to deliver reliable round-the-clock clean electricity.

Energy, Oil & Gas

Drone strike causes fire outside Barakah Nuclear Power Plant in UAE

Sun, 17 May 2026

A fire broke out after a drone strike in an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in the Al Dhafra Region in the UAE.

Energy, Oil & Gas

Tarshid signs solar agreement with Talco

Sun, 17 May 2026

Tarshid, the Saudi Arabia national energy services company, has signed an agreement with Al Taiseer Group Talco Industrial Company to study the development of a solar photovoltaic system for Talco’s Riyadh facilities to support clean, sustainable energy supply.

Energy, Oil & Gas

Adnoc listed companies generate $11.8bn in Q1 revenue

Sun, 17 May 2026

Adnoc listed companies reported resilient Q1 2026 results, generating combined revenues of $11.8 billion, EBITDA of $3.7 billion and net profit of $2.2 billion across six portfolio companies.

Energy, Oil & Gas

SARCO signs MoU to develop green ammonia plant, hydrogen equipment hub in Jazan

Sun, 17 May 2026

Saudi Arabian Refineries Company (SARCO) has signed a non-binding memorandum of understanding (MoU) with Chinese firm Ally Hydrogen Energy Co., Ltd. to develop two key clean energy projects in Jazan Industrial City — a green ammonia production plant and a local hub for assembling and manufacturing hydrogen production and purification equipment.

Energy, Oil & Gas

Action Energy Company secures new $132m credit facilities

Sun, 17 May 2026

Action Energy Company, Kuwait’s leading firm for upstream services and major owner and operator of rigs in the region, has secured a new credit facility and renewed and expanded an existing facility, from two local banks with a combined value of KWD40.9 million ($132.68 million), said the company.

Energy, Oil & Gas

Canada launches $730bn clean energy strategy

Sat, 16 May 2026

Canada unveiled a clean electricity strategy to double Canada’s power grid by 2050, expand renewable and low-emission energy sources, lower household costs, and address climate, tariff and energy challenges through over $730 billion in infrastructure investment.

Energy, Oil & Gas

Abu Dhabi solar capacity to top 30GW by 2035, says EWEC

Sat, 16 May 2026

EWEC (Emirates Water and Electricity Company) has revealed that it is increasing Abu Dhabi's solar capacity by almost 2,000 per cent between 2020 and 2030, with a forecasted 17.5 gigawatts (GW) of installed capacity.

Energy, Oil & Gas

Abu Dhabi Department of Energy signs deals to strengthen infrastructure readiness

Sat, 16 May 2026

The Abu Dhabi Department of Energy (DoE) has signed a number of strategic agreements during the Abu Dhabi Infrastructure Summit (ADIS 2026), aimed at strengthening the integration of the emirate’s infrastructure.

Energy, Oil & Gas

ADNOC to increase crude storage in India to 30m barrels

Sat, 16 May 2026

The UAE's energy major ADNOC has announced two strategic collaboration agreements with Indian partners, reinforcing the strong and expanding UAE‑India energy partnership.