Spirit Energy, a Centrica business, has announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world’s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40% of the UK’s vital cement and lime industry a step closer.
British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns.
Viridien, a global technology and HPC leader, has entered into a strategic partnership with global exploration firm Aker BP to strengthen collaboration across multi-client ocean bottom node (OBN) seismic data acquisition, imaging, and technology development. The agreement establishes a five-year co-operation framework designed to align strategy with the goal of optimising exploration efforts on the Norwegian Continental Shelf.
Indian construction and engineering conglomerate Larsen and Toubro (L&T) has secured a major contract worth KD303.5 million ($992 million) from Kuwait Oil Company for the construction of export crude storage facilities as well as providing key upgrades to its key energy infrastructure.
Oman’s Public Establishment for Industrial Estates (Madayn) has unveiled an ambitious programme to implement 90 infrastructure projects across its industrial cities over the next five years, while advancing what is set to become the largest solar energy project within the Sultanate’s industrial zones as part of its updated Vision 2040 strategy.
The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said.
JNK India, a specialist in process-fired heaters, reformers and related thermal engineering solutions for the energy sector, has secured a key order from UAE-based CC7 Emirates Engineering Solutions for the TA'ZIZ Salt Project being developed for the Abu Dhabi National Oil Company.
Technip Energies, Airbus, Safran and Tereos have entered into an agreement to create Rebound, a joint venture to develop a large-scale Sustainable Aviation Fuel (SAF) production project at the Port of Dunkirk, in Northern France.
Egypt has secured a $420 million foreign investment commitment for a 580-megawatt wind power project on the Red Sea coast, marking another significant step in the country's drive to expand renewable energy capacity and attract private-sector capital into the energy sector.
Heirs Energies Limited, Africa's leading indigenous-owned integrated energy company, has been recognised on the global stage after its landmark $750 million dual-tranche senior secured reserve-based lending (RBL) facility was named Best Oil & Gas Deal of the Year at the EMEA Finance Project Finance Awards 2026.
