SLB has signed a long-term framework agreement with Petróleos de Venezuela (PDVSA) to modernise the oil and gas sector, covering exploration, production, digital enablement, and workforce training, strengthening cooperation in field development and operational efficiency.
A new International Energy Agency (IEA) report says stronger government action and enhanced global cooperation are essential to speed clean energy deployment this decade, warning that significant challenges remain in turning energy transition commitments into measurable implementation.
QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia.
Saudi Arabia and Yemen have signed a $150 million agreement to supply fuel for power plants across multiple Yemeni governorates, strengthening electricity services and supporting energy stability under the Saudi Development and Reconstruction Programme for Yemen (SDRPY).
Researchers at King Abdullah University of Science and Technology (KAUST) have developed a solar panel coating that helps maintain performance in dusty conditions while capturing moisture from the air, offering a practical approach for solar systems operating in arid environments.
The Saudi Arabia Ministry of Energy announced the winning bidders for eight licenses covering the establishment, development, operation, and maintenance of liquefied petroleum gas (LPG) filling and storage facilities, as well as the wholesale distribution of LPG to consumers.
The European Union has launched the Trans-Mediterranean Renewable Energy and Clean Tech Cooperation (T-MED), a flagship initiative aimed at accelerating clean energy development across the Mediterranean and mobilising up to €25 billion ($29 billion) in investments by 2035.
Indonesia has introduced a new palm oil export regulation that will centralise overseas shipments through designated state-owned enterprises from January 2027, while providing a six-month transition period for private businesses to adapt to the new framework.
Spanish energy company Repsol and Abu Dhabi-based renewable energy developer Masdar have signed an agreement under which Masdar will acquire a 49.99% stake in a renewable energy portfolio in Spain.
Japanese Prime Minister Sanae Takaichi is expected to propose a three-point framework to strengthen global energy security at G7 Summit, amid growing concerns over oil supply disruptions linked to renewed tensions in the Middle East.
