Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Crude prices rose following the decision by the Organization of the Petroleum Exporting Countries and its allies to increase production only marginally in November, despite ongoing signs of oversupply.
Green ammonia reaches a new industrial milestone with 428 active projects and over $11bn in investments, highlighting accelerated sector growth across Asia, the Middle East, Europe and the Americas.
Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.
Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.
The new GeoMap tool identifies vast geothermal potential in the Middle East, notably for urban cooling, long-duration storage, and large-scale power generation.
The Japanese company has completed the first phase of a tender for five annual cargoes of liquefied natural gas over seven years starting in April 2027, amid a gradual contractual renewal process.
Eight OPEC+ countries are set to increase oil output from November, as Saudi Arabia and Russia debate the scale of the hike amid rising competition for market share.
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
The ASEAN Power Grid enters a strategic phase with renewed support from regional and international institutions to structure electricity trade among member states and secure the necessary investments.
Jolt Green Chemical Industries appoints Dyar Al-Safwah to engineer a high-performance electrode facility at King Salman Energy Park, backed by the Ministry of Energy.
VINSSEN becomes a central player in designing the world’s first commercial transport vessel fully powered by a fuel cell using ammonia as a hydrogen carrier.
The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.
International Petroleum Corporation repurchased 59,454 common shares between 15 and 19 September, under its ongoing share buyback programme compliant with Canadian and European regulations.
ACWA Power and Larsen & Toubro will collaborate on renewable infrastructure for a green hydrogen project in Yanbu, Saudi Arabia, targeting 4 GW of electrolysis capacity by 2030.
ACWA Power secures the NOOR Midelt 2 and 3 solar-storage project in Morocco, outbidding European and Emirati competitors, with decisive backing from Gotion High-Tech’s storage technology.
Facing energy security challenges, several Southeast Asian countries are turning to nuclear and could invest up to $208bn to reach 25 GW of capacity, favouring small modular reactors.
A consortium led by BlackRock is in talks to raise up to $10.3 billion to finance a gas infrastructure deal with Aramco, including a dual-tranche loan structure and potential sukuk issuance.
Masdar grows from 20GW to 51GW in a short period. This trajectory relies on solar, wind, and storage deployments backed by substantial financing, targeting a much higher goal in the medium term.
Masdar, supported by the United Arab Emirates, increased its energy capacity to 51GW in 2024, strengthening its global strategy through targeted acquisitions and key projects.
Aramco and Ma'aden announce a joint venture project to exploit lithium, a strategic mineral for the energy transition. This initiative aims to position Saudi Arabia as a key player in the market for critical minerals.
According to the KOMO Q1 2025 report by KAPSARC, India will dominate global oil demand growth with an additional 220 Kb/d, surpassing China and reaffirming Asia's central role in the energy market.
Saudi Electricity Company announces a strategic energy storage project, distributed across five sites and involving 2,500 MW of installed capacity. Two major players, BYD and Alfanar, share the work.
NEM Energy will supply heat recovery steam generators for a 1.3-gigawatt power plant in Saudi Arabia, expected to enhance the national energy efficiency by 2028.
In 2024, the global average temperature exceeded 1.55°C above pre-industrial levels, a historical record. Natural disasters are intensifying, and the UN urges immediate action to counter their growing impacts.
A USD 4.5 million contract has been awarded in Malaysia for the construction of a 9.99 MWac floating solar farm, highlighting economic and industrial dynamics in the regional photovoltaic sector.
The Suez Wind Farm, with a capacity of 1.1 GW, has reached a major milestone with $703.6 million in funding, marking a pivotal step in Egypt’s energy transition strategy and efforts toward energy independence.
Amid geopolitical volatility and oversupply, OPEC+ must navigate critical decisions to stabilize oil prices while preserving market share against hesitant demand.
A Carbon Tracker study reveals that major global oil and gas players are struggling to align their strategies with the Paris Agreement, despite increasing risks related to energy transition and regulations.
Shell plans to drill four offshore wells in 2025 in Block 65, while Petronas explores new gas resources in Block 52, highlighting Suriname's energy potential.
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
Faced with weakened demand, Saudi Aramco lowers its official selling prices for Arab Light crude destined for Asia, reaching levels not seen since January 2021. A decision influenced by global dynamics and uncertain market prospects.
Israel’s first wave energy power plant, now connected to the national grid, marks a milestone in renewable energy innovation in the Middle East and demonstrates the country's commitment to sustainable energy solutions.
Egypt is turning to fuel oil to meet its energy needs as liquefied natural gas (LNG) prices remain high. This optimization strategy reflects changes in domestic demand and global economic constraints.
The U.S. administration urges international partners to unite against Iran-backed Houthis responsible for massive attacks on ships in the strategic Red Sea region. Military, economic, and diplomatic stakes are intensifying.
At the Green Initiative Forum in Riyadh, Prince Abdulaziz bin Salman called net zero scenarios unachievable, asserting that energy security must take precedence in global discussions on sustainability and affordability.
OPEC+ adopts online meetings, centralizing the decision-making process. This transition raises questions about transparency and tensions among producers facing increasing pressure in the oil market.
China, the global leader in the solar industry, is redefining the rules of international trade. Between overcapacity and growing protectionism, supply chains are undergoing unprecedented reconfiguration.
