The European Commission selected nine hydrogen projects across seven EEA countries under the European Hydrogen Bank auction. Backed by €1.09 billion ($1.3 billion) in EU funding, they aim to deliver 1.1GW electrolyser capacity, producing 1.3 million tonnes of hydrogen.
Honeywell announced that Egyptian Linear Alkyl Benzene (ELAB) Company has selected Honeywell UOP’s petrochemical licensing, technologies and engineering services to help increase normal paraffins production to support its linear alkylbenzene (LAB) facility in Egypt.
Adnoc Distribution has announced new strategic partnerships with Emirates Global Aluminium (EGA) and Borouge, collectively valued at over AED 60 million ($16 million), aimed at strengthening industrial performance and reinforcing the UAE’s manufacturing ecosystem.
DTEK.ai, a UAE provider of AI and machine learning solutions for enterprises, and Adnoc Distribution have signed a strategic agreement to deploy SWIFT, an AI-powered self-checkout solution, across Oasis by Adnoc convenience stores in the UAE.
AJ Al Asmawi Group, one of the UAE’s largest independent family-owned conglomerates, has signed a musataha agreement with Dubai Industrial City (DIC) part of TECOM Group, to expand its operations within the district and introduce one of the UAE’s first oil rigs manufacturing and refurbishment facilities.
Asia-Pacific (APAC) has become the world’s leading solar PV market, accounting for about 68 per cent of global installations by the mid-2020s, driven by rapid deployment growth over the past decade, according to GlobalData.
GlobalData says geopolitics and supply chain risks, driven by Iran tensions and potential Strait of Hormuz disruption, will dominate oil and gas in 2026, alongside US tariffs, energy transition themes, and emerging digital technologies.
Pinsent Masons research shows carbon capture and storage (CCS) dominates Middle East low-carbon investment, with 87 per cent of investors active in CCS and 80 per cent planning further investment, while diversification grows across e-fuels, nuclear, geothermal, and emerging ocean energy.
Royal Vopak has reached an agreement in principle with Green Energy Storage (GES) for the acquisition of a majority stake in GES. The transaction marks a strategic step to accelerate the development of large-scale battery energy storage systems (BESS) in the Netherlands.
TotalEnergies, with Dell Technologies and NVIDIA, will build the Pangea 5 supercomputer in France, increasing its computing power sixfold to enhance seismic imaging, speed low-emission exploration, and advance AI research and integrated energy modelling.
