International Maritime Industries (IMI) and Lamprell have signed an agreement to manufacture offshore structures, including production platforms and jackets, at IMI’s shipyard in Ras Al-Khair, Saudi Arabia.
Khazna Data Centers, a global leader in critical AI infrastructure, has highlighted its sustainability-by-design approach, including 27% carbon-free electricity coverage for mechanical cooling load in 2025 and ambition to reach 100% by 2035 in its first standalone Environmental, Social and Governance (ESG) Report.
Global energy and utilities companies are shifting investment priorities as aging infrastructure, rising demand and reliability concerns mount. An IFS study finds utilities increasingly prioritising grid resilience, energy storage, asset management and Industrial AI.
TWMA, an expert in drilling waste management, has secured a multi-million-dollar contract with a North Sea operator to provide offshore drilling waste management services for an upcoming drilling campaign in the UK North Sea.
International Energy Agency (IEA) has backed faster releases of emergency oil stocks agreed in March 2026, with members urging completion as soon as possible and prioritising diesel reserves amid tight markets. About 325 million barrels have been released, while another 100 million barrels could reach markets from outstanding commitments.
Equinor and its partners have discovered gas at the Gullfaks South field, 190 kilometres northwest of Bergen, with recoverable resources estimated at 0.5 million to 1.6 million standard cubic metres of oil equivalent, or 3.3 million to 10.3 million barrels of oil equivalent.
QatarEnergy, in partnership with Brazil’s Petrobras, has won seven offshore exploration blocks in Brazil’s 6th Concession Open Acreage Bid Round, expanding the Qatari energy company’s upstream presence in the country.
Bahrain’s Oil and Environment Minister Dr. Mohammed bin Mubarak Bin Dainah has called for deeper GCC industrial integration to strengthen competitiveness, resilience and sustainability, while promoting regional partnerships, value-added projects and green industries.
Oil prices rose on Thursday as markets continued to assess the impact of disruptions to shipping in the Gulf and the continuing conflict in the region.
Saudi energy company Tarshid said it has completed an energy efficiency retrofit project at Jazan University in the kingdom.
