WebWire | News by Industry : Oil / Energy

A cooler coast for people and pawikans

Tue, 16 Jun 2026 10:25:04 EDT

On the island of Mindanao in southern Philippines, Dipolog City's green rolling hills overlook the blue Sulu Sea, making a home for nearly 140,000 people. The coast is the centre of city life – each evening, residents flock to Sunset Boulevard for views of the water, a pleasant sea breeze and mouthwatering street food. - - The same area provides a sandy refuge for other wild visitors. Sea turtles, called “pawikans” in Filipino, visit Dipolog City's coast to lay the next generation of eggs....

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Further development of Johan Sverdrup

Tue, 16 Jun 2026 10:19:11 EDT

Recently completed appraisal wells in the Johan Sverdrup area have proven increased oil volumes. Discoveries made in the Tonjer wells and Geitungen will now form the basis for Johan Sverdrup phase 4. - - “These are important and profitable volumes for Johan Sverdrup. By tying new resources to existing infrastructure, we can develop them quickly, with low costs and low emissions. At the same time, they contribute to maintaining production and value creation from one of Norway's largest oil-p...

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Neste, Goldwin, Idemitsu and Toray partner to supply renewable nylon fiber for THE NORTH FACE brand

Tue, 16 Jun 2026 10:10:10 EDT

Goldwin Inc., Neste, Idemitsu Kosan Co., Ltd., and Toray Industries, Inc. have established a supply chain for nylon fiber made from renewable raw materials. Neste supplies Neste RE™, a renewable raw material that enables the production of high-performance renewable nylon fiber and reduces the reliance on fossil feedstocks. The nylon fiber produced through this project is scheduled to be used by Goldwin for a part of THE NORTH FACE products in August 2026. - - Renewable naphtha, or Neste...

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Ayala Corporation's A- rating reaffirmed by Japan Credit Rating Agency

Tue, 16 Jun 2026 07:47:43 EDT

Ayala Corporation's A- Foreign Currency Long Term Issuer Rating with a Stable Outlook has been reaffirmed by the Japan Credit Rating Agency, Ltd. (JCR), reflecting the strength of Ayala's diversified portfolio, resilient earnings base, and prudent financial management. - - In its latest rating action, JCR cited Ayala's established position as one of the Philippines' largest and most diversified business groups, with strategic investments across banking, real estate, telecommunications, rene...

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ACCIONA reconized for its commitment to workplace inclusion by Fundaci�n Esfera

Tue, 16 Jun 2026 07:44:11 EDT

ACCIONA has been awarded the “Institutional Talent” prize at the first edition of the Companies for Inclusion Awards, organized by Esfera Foundation. - - The award recognizes organizations that help facilitate access for young people with intellectual disabilities to qualified training, professional internships and employment opportunities. - - Daniel Grande, Legal Assistant at ACCIONA Energ�a, and his mentor, �lvaro San Felipe, Legal Manager at ACCIONA Energ�a, received the award during the...

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Egypt and EU join forces on €690 million clean-energy grid investment

Mon, 15 Jun 2026 10:56:05 EDT

Egypt and the European Union are deepening their strategic partnership in the field of renewable energy with a financing package of up to €690 million to upgrade and expand the Egyptian electricity network. The package combines a €600 million loan from the European Investment Bank's development arm, EIB Global, with up to €90 million in grants by the European Commission. - - Led by the state-owned Egyptian Electricity Transmission Company (EETC), this project aims to integrate a total of 22...

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Energy security tops political agendas as prospects for offshore wind recovery gain momentum, TGS | 4C report finds

Mon, 15 Jun 2026 10:41:12 EDT

Offshore wind market indicators remained subdued during the second quarter of 2026, while renewed focus on energy security is raising prospects for the industry's recovery. - - Released today, the latest quarterly Global Market Overview report from wind market intelligence house TGS: 4C notes that UK, France and Germany are among the countries that have accelerated renewable energy ambitions in attempts to lower reliance on imported energy. - - The latest outlook shows slightly lowered 203...

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Shell Plc First Quarter 2026 Euro and GBP Equivalent Dividend Payments

Mon, 15 Jun 2026 10:38:24 EDT

Shareholders have been able to elect to receive their dividends in US dollars, euros or pounds sterling. Holders of ordinary shares who have validly submitted US dollars, euros or pounds sterling currency elections by June 8, 2026 will be entitled to a dividend of US$0.3906, €0.3381 or 29.18p per ordinary share, respectively. - - Absent any valid election to the contrary, persons holding their ordinary shares through Euroclear Nederland will receive their dividends in euros at the euro rate...

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Schneider Electric and Kraken partner to boost grid flexibility and accelerate grid connections

Thu, 11 Jun 2026 09:33:08 EDT

- - • Energy tech leaders join forces to supercharge flexibility and accelerate the energy transition - • Unlocks capacity by providing utilities and distribution system operators (DSOs) with new levels of visibility and control over the network - • Estimated to speed up data centers and large industrial loads connections without relying on costly, multi-year grid upgrades - - - Schneider Electric and Kraken announced a strategic partnership to accelerate global adoption of electricity d...

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bp simplifies organizational structure and announces leadership appointments

Wed, 10 Jun 2026 08:48:27 EDT

bp today set out its new organizational structure to simplify the company, improve performance and grow value for shareholders. - - From 1 July 2026, bp will be organized around two distinct business segments – Upstream and Downstream – replacing the current three-segment structure. Gordon Birrell has been appointed executive vice president, Upstream; and Richard Harding will be interim executive vice president, Downstream. Both bring decades of operational experience and leadership to thei...

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Future-proofing the energy system to enable the Era of Electricity

Tue, 9 Jun 2026 08:42:56 EDT

Electricity is the foundation of modern life and the pulse that keeps societies thriving. - - However, the energy system is undergoing an unprecedented transformation. Surging demand, an aging grid, and workforce shortages are colliding with rising expectations for energy security, sustainability, reliability, and digitalization. At the same time, data and AI are fundamentally reshaping how infrastructure is operated and managed. - - Given its scale and pace, the energy transition cannot be...

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Mitsubishi Electric and Finland's VTT Establish Core Technology for Direct Ocean Capture

Tue, 9 Jun 2026 08:31:43 EDT

Mitsubishi Electric Corporation (TOKYO: 6503) announced that it has completed the core development of a direct ocean capture (DOC) system that removes CO 2 via seawater, working in collaboration with VTT Technical Research Centre of Finland Ltd., headquartered in Espoo, Finland and headed by CEO Kalle H�rkki. Supported by verified system performance and accumulated experimental data, Mitsubishi Electric and VTT are accelerating their efforts toward early deployment and are actively seek...

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GE Vernova Introduces GridOS® for Transmission and New AI Whitepapers at Orchestrate 2026

Tue, 9 Jun 2026 08:28:56 EDT

- - • GE Vernova has introduced GridOS for Transmission: a unified software solution that enables near real-time, coordinated transmission operations - • At industry-leading Orchestrate Conference, GE Vernova releases two new AI whitepapers exploring grid planning and grid-edge autonomy - - - GE Vernova (NYSE: GEV) today introduces GridOS for Transmission and released two new AI whitepapers addressing grid planning and autonomous grid-edge operations at Orchestrate 2026, the company's...

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Enel: minutes of the Shareholders' Meeting of May 12th, 2026 and updated corporate bylaws published

Tue, 9 Jun 2026 08:20:38 EDT

The minutes of the ordinary and extraordinary Shareholders' Meeting of Enel S.p.A. (“Enel” or the “Company”), held on May 12 th, 2026, and the text of the corporate bylaws updated following the amendment resolved in the extraordinary part by the aforementioned Shareholders' Meeting are available to the public at the Company's registered office, on its website ( www.enel.com ), as well as on the authorized storage mechanism denominated “eMarket STORAGE” ( www.emarketstorage.it ). - - **** - ...

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Hydrogen Builders showed that the hydrogen is moving from plans to practice

Tue, 9 Jun 2026 08:12:34 EDT

Hydrogen Builders brought together hydrogen developers, companies, cities, and research organisations in Jyv�skyl� to discuss where the hydrogen economy is heading and what comes next. Throughout the day, one message emerged consistently: hydrogen is no longer just a future opportunity. It is becoming a practical solution that is being tested, deployed, and scaled across different sectors and regions. - - The event theme, “From Plans to Real Life”, perfectly captured the current stage of...

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ACCIONA Energ�a doubles energy storage plans in Chile

Tue, 9 Jun 2026 04:40:13 EDT

- - • ACCIONA Energ�a will build a new 1GWh battery energy storage system (BESS) in Chile, strengthening renewable energy integration and improving grid stability. - - - - ACCIONA Energ�a has announced the construction of a new 1GWh battery energy storage system (BESS) in Chile's Atacama Desert, doubling its planned energy storage capacity in the country. - - The new facility, which will be integrated into El Romero photovoltaic plant (246MWp), will have a capacity of 196MW/980MWh and wil...

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Moeve Receives Expoquimia 2026 Best in Class Award for the Construction of Spain's First IPA Plant

Tue, 9 Jun 2026 03:30:57 EDT

- - • The company received the recognition from Spain's Minister of Industry and Tourism, Jordi Hereu, during the gala dinner held as part of Expoquimia, where it was also recognized for its business strategy - • The new facility guarantees Spain's supply of an essential product for sectors such as healthcare and hospitals, pharmaceuticals, electronics and semiconductors, and cleaning and personal care - - - Moeve has received Expoquimia 2026's Best in Class Award for the construction and...

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TGS Acquires Apparition Geoservices to Deliver a Step-Change in Seismic Efficiency and Subsurface Imaging

Mon, 8 Jun 2026 10:47:48 EDT

TGS, a leading global provider of energy data and intelligence, today announced the acquisition of Apparition Geoservices GmbH, securing exclusive access to its proprietary simultaneous source acquisition and separation technology. Combined with TGS' Gemini Enhanced Frequency Source (EFS) technology, Apparition creates a platform for step-change improvements in seismic operational efficiency, source capacity and subsurface imaging clarity. - - Apparition is an advanced seismic acquisition a...

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How Vodafone Group is accelerating its climate transition

Mon, 8 Jun 2026 10:16:29 EDT

At Vodafone Group, tackling climate change means taking robust action across many parts of our business – from how we power our networks and travel, to how we work with suppliers and help customers reduce their environmental impact. - - This year, Vodafone Group made further progress against its climate transition strategy across our markets, focusing on cleaner energy, more efficient networks and a more circular approach to devices and equipment. - - Progress towards net zero operations (S...

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ACCIONA Energ�a to sell 64MW hydro portfolio to White Summit Capital

Mon, 8 Jun 2026 10:10:20 EDT

ACCIONA Energ�a has reached an agreement for the sale of a 64MW hydro portfolio in northern Spain to White Summit Capital, an infrastructure manager specializing in the energy transition. The transaction is valued at €66 million and is debt-free. - - The portfolio comprises 17 small hydroelectric plants in Navarra and one in La Rioja with capacities ranging from 1MW to 6.2MW and long-term concession agreements. The transaction is expected to close in the coming weeks, generating an estimate...

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Eni and PETRONAS officially establish Searah, creating South-East Asia's leading independent integrated energy company

Mon, 8 Jun 2026 09:56:32 EDT

Eni and PETRONAS announce that Searah, a new 50/50 independent joint venture combining key businesses across Indonesia and Malaysia, has been officially established just seven months after the signing of the Investment Agreement on November 3, 2025, and 16 months after the Memorandum of Understanding announced in February 2025. - - Searah brings together the complementary portfolios, capabilities, and regional expertise to deliver long-term value creation and operational excellence across I...

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Central Finland Mobility Foundation (Cefmof) Announces Development of the “Cefmof Hydrogen House” for Everyday Hydrogen Use in Finland

Fri, 5 Jun 2026 13:09:31 EDT

Toyota Mobility Foundation, the City of Jyv�skyl�, and TOYOTA GAZOO Racing World Rally Team have established Central Finland Mobility Foundation (“Cefmof”) and have been advancing activities aimed at achieving carbon neutrality and realizing a sustainable society. - - We are pleased to share the recent announcement regarding the “Hydrogen House” development project being promoted by Cefmof. - - The project is developing a residential-type demonstration environment that integrates hydrogen pr...

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Schneider Electric recognized as a Future of Inclusion Lighthouse for its Senior Talent Program

Wed, 3 Jun 2026 09:29:43 EDT

Schneider Electric , a global energy technology leader, today announced that it has been recognized by the World Economic Forum as a Future of Inclusion Lighthouse for its global program for experienced talent. The program supports employees at later career stages to build the next chapter of their careers through personalized development and opportunities aligned with their aspirations.   - - This recognition highlight...

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Greenpeace International wins preliminary phase of anti-SLAPP case vs. Energy Transfer

Wed, 3 Jun 2026 09:19:33 EDT

Greenpeace International's landmark anti-SLAPP lawsuit took a major step forward when the Amsterdam District Court rejected Energy Transfer's latest attempt to avoid accountability for its unlawful actions, including back-to-back abusive lawsuits filed in the US. Netherlands-based Greenpeace International is seeking legal recognition that Energy Transfer has acted and continues to act unlawfully, as well as relief from the resulting harm. - - Mads Christensen, Greenpeace International, Ex...

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ACG celebrates first non‑associated gas

Tue, 2 Jun 2026 11:00:05 EDT

bp, as operator of the Azeri–Chirag–Gunashli (ACG) field development, announced on behalf of the ACG co‑venturers – SOCAR, MOL, INPEX, ExxonMobil, TPAO and ONGC Videsh – the commencement of non‑associated gas (NAG) production operations on the ACG field in the Azerbaijan sector of the Caspian Sea. - - This marks the first-ever commercial gas production operations on ACG, one of the world's largest oil-producing fields. - - The initial NAG well, drilled from the existing West Chir...

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W�rtsil� has completed the divestments of Water & Waste to Solix Group AB and Gas Solutions to Mutares SE & Co. KGaA

Tue, 2 Jun 2026 10:58:34 EDT

Technology group W�rtsil� has completed two divestments: divesting the Gas Solutions business to Mutares SE & Co. KGaA, following the agreement announced on 22 December 2025, and divesting Water & Waste business to Solix Group AB, following the agreement announced on 5 February 2026. - - Gas Solutions, with the annual revenue of EUR 394 million in 2025, provides its customers with innovative systems and comprehensive lifecycle solutions for the gas value chain. Water & Waste, with annua...

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Eni and Seri Industrial sign agreement to develop the stationary battery supply chain

Mon, 1 Jun 2026 21:00:58 EDT

Eni Industrial Evolution and FIB (Seri Industrial Group) have reached an agreement for the joint development of an integrated industrial supply chain in the lithium iron phosphate battery sector. Following the agreements reached today, in execution of the framework agreement of May 16, 2026, the closing will be completed within the contractual deadline of five days from today. - - The initiative aims to create and develop an integrated industrial platform that includes the production of lit...

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Americans Are Paying More at the Pump–But Buying Less Overall, Rocket Money Study Reveals

Mon, 1 Jun 2026 13:48:32 EDT

- - • The average Rocket Money user spent 29% more on gas in early May than in early February, and 34% more than a year ago. Gas prices rose nearly twice as much, though, signaling that drivers are getting by on less fuel. - • Overall spending among Rocket Money users increased just 2.9%, suggesting that the Iran war and rising fuel prices are cutting into household budgets in other areas. - • Drivers in Arkansas and Oklahoma saw some of the biggest surges in their gas bills, with the...

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KB Equipment Rental Gives Back to Local Community Through New “Built Local” Scholarship Program

Fri, 29 May 2026 09:22:33 EDT

This month, Armstrong County-based KB Equipment Rental proudly gave back to the community by awarding four scholarships to local graduating seniors through the company's newly established KB “Built Local” Scholarship Program. - - Located just off Route 210 near Keystone Lake, KB Equipment Rental created the scholarship to support graduating seniors in Armstrong and Indiana counties pursuing careers in the skilled trades. - - Owners Kyleigh and Brandan Reesman say the program reflects both...

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TotalEnergies and Stellantis strengthen and expand their partnership with High-Performance Engine Oils

Thu, 28 May 2026 09:32:24 EDT

After more than fifty years of collaboration built on excellence, innovation and shared values, TotalEnergies and Stellantis are proud to announce the renewal and expansion of their strategic partnership in Europe, to develop and deliver to our customers the best solutions for engine oils and lubricants. - - A Partnership Powered by Trust and Innovation - Since its beginnings with Citro�n more than half a century ago, the partnership between Stellantis and TotalEnergies has evolved into a...

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Enilive publishes its new Sustainability Report and 2025 Financial Statements

Wed, 27 May 2026 09:42:18 EDT

Enilive has published its new Sustainability Report, Enilive For 2025, together with the Financial Statements as of 31 December 2025. - - Enilive For 2025 outlines the company's commitment to the energy transition and highlights the actions implemented during the year to contribute to progressively greater sustainability, from an environmental, social and economic perspective, in the production, distribution and marketing of energy carriers, as well as in the provision of mobility ser...

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Ahead of hurricane season, Duke Energy Foundation awards $130,000 to 10 organizations advancing storm preparedness and community resiliency

Wed, 27 May 2026 09:27:45 EDT

With the 2026 hurricane season starting on June 1, the Duke Energy Foundation is awarding $130,000 to 10 organizations that are preparing communities across Florida for storms, while also strengthening their resiliency and capacity for safe, coordinated recovery. - - High-impact investments: - - - • American Red Cross ($25,000) - - • City of Davenport ($5,000) - - • Frostproof Chamber Foundation ($5,000) - - • Gulfport Senior Center Foundation ($30,000) - - • Hernando County Board of County...

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bp Chair removed

Tue, 26 May 2026 10:29:04 EDT

The Board of BP p.l.c. (LSE and NYSE: bp) (“bp”) announces that it has today unanimously decided that Albert Manifold should no longer serve as Chair and Director with immediate effect. This follows serious concerns raised to the Board related to important governance standards, oversight and conduct. - - Amanda Blanc, Senior Independent Director at bp, said: “Albert has helped bring a welcome focus and pace to bp's transformation. However, the board has been surprised and disappointed to...

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GE Vernova's HA gas turbine fleet surpasses 4 million operating hours as global power demand accelerates

Tue, 26 May 2026 09:39:52 EDT

- - • Fleet reaches 128 units operating in 21 countries - • Recent project wins underscore the fleet's growing role in energy security, affordability and grid reliability - • Continued investment in manufacturing and services supports future HA growth - - - GE Vernova Inc. (NYSE: GEV) today announced that its HA gas turbine fleet has surpassed 4 million commercial operating hours worldwide, marking an important milestone for one of the power industry's most advanced and efficient gas...

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Eni and partners approve investment for Baleine Phase 3 in C�te d'Ivoire

Mon, 25 May 2026 11:37:47 EDT

During a ceremony held today in Abidjan in the presence of the Minister of Mines, Petroleum and Energy of C�te d'Ivoire, Mamadou Sangafowa-Coulibaly, Eni and its partners Petroci and Vitol approved the final investment decision (FID) for the Baleine Phase 3 project, marking a significant milestone in the development of the largest hydrocarbon discovery ever made in the country. - - The full-field Phase 3 development will increase oil production from 60,000 to 150,000 barrels per day and...

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GE Vernova to acquire Robotech Automation to accelerate robotics and automation capabilities

Mon, 25 May 2026 11:27:59 EDT

- - • Acquisition accelerates GE Vernova's robotics and automation strategy and deployment. - • Robotech brings specialized engineering talent, proprietary automation systems, and proven integration capabilities. - • GE Vernova and Robotech are currently collaborating on active supply chain projects, providing a strong foundation for integration. - - - GE Vernova Inc. (NYSE: GEV) announced the signing of a definitive agreement to acquire Robotech Automation (“Robotech”), a specializ...

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Aramco and PETRONAS Announce Transfer of Full Ownership of PRefChem to PETRONAS

Mon, 25 May 2026 11:19:32 EDT

- - • PETRONAS assumes full ownership of PRefChem following transfer of Aramco's equity stakes - • ⁠Aramco and PETRONAS to continue exploring strategic cooperation following the transfer - - - Aramco, one of the world's leading integrated energy and chemicals companies, and Petroliam Nasional Berhad (PETRONAS) today announced the signing of an agreement for the transfer of Aramco's equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. Bhd....

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ADNOC Deploys Industry-First Heavy-Duty Robot to Strengthen Safety, Reliability and Performance

Mon, 25 May 2026 11:05:20 EDT

ADNOC co-develops next generation 'operator' robot to lift heavy equipment and operate with precision in harsh industrial environments - - AI, autonomous systems and robotics are driving smarter energy production across the UAE - - ADNOC has successfully deployed Taurob's heavy-duty inspector robot at its Taweelah Gas Compression Plant, where it will conduct routine inspections in hazardous environments without putting people at risk. - - The Taurob heavy-duty robot is now conducting on...

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The Fossil Fertiliser Trap

Mon, 25 May 2026 11:01:30 EDT

It's Roi on deck, and this week, independent experts are urging the World Health Organisation to declare the climate crisis “a public health emergency of international concern”, warning that it poses a severe global threat to health. - - “European governments are subsidising the very industries responsible for their own citizens' premature deaths,” said one expert. The timing of this report is uncanny for the EU, as the Commission this week presented its new plan to weaken health protec...

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The EIF commits €200 million to Copenhagen Infrastructure Partners to scale European biogas production

Fri, 22 May 2026 13:07:57 EDT

- - • EIF backs Copenhagen Infrastructure Partners' Advanced Bioenergy Fund II with €200 million to scale biomethane and advanced bioenergy production in Europe - • ABF II officially launched with EIF cornerstone investment - • Backed by InvestEU, financing supports Europe's energy security and climate goals - - - The European Investment Fund (EIF), part of the EIB Group, has committed €200 million to Copenhagen Infrastructure Partners' (CIP) Advanced Bioenergy Fund II (ABF II), focus...

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bp signs three production sharing contracts in Indonesia

Fri, 22 May 2026 12:22:42 EDT

bp and its partners signed three Production Sharing Contracts (PSC) in Indonesia, bringing bp's total participation in oil and gas blocks in the country to 11. - - Two of the PSCs are for the Bintuni and Drawa exploration blocks, which are located near existing bp-operated Tangguh LNG in Papua Barat, creating potential for short-cycle development. bp also confirmed its participation in the INPEX-operated Barong block in East Java. The agreements, part of the second Indonesia Petroleum Biddi...

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Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia

Fri, 22 May 2026 12:18:29 EDT

Eni signed three long term agreements with the LNG sellers of South Hub and North Hub gas projects, both operated by Eni with a material participating interest averaging in excess of 80% across the 2 hubs, for the purchase of liquefied natural gas in Indonesia. These contracts further strengthen Eni's global LNG portfolio and reinforce Indonesia's role as a strategic supplier to regional and international markets. - - The long-term agreements relate to LNG volumes coming from Eni operated g...

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New Investment, AI and Freedom of Navigation Key to Building a Resilient Energy System: Dr. Sultan Al Jaber

Thu, 21 May 2026 11:58:52 EDT

- - • Speaking with the Atlantic Council, Dr. Al Jaber says world leaders must defend Freedom of Navigation through Strait of Hormuz or risk dampening global growth - • If we do not defend this principle today, we will spend the next decade defending against the consequences - • Dr. Al Jaber calls for new investment in storage, pipelines and upstream capacity to enhance energy resilience - • ADNOC is investing $150bn to power global energy demand, including domestic growth in AI, advanced man...

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Eni CCUS Holding expands the financing sources for its platform of CCS projects

Thu, 21 May 2026 11:04:49 EDT

Eni and Global Infrastructure Partners (“GIP”), a part of BlackRock, strategic partners in Eni CCUS Holding, announce that Eni CCUS Holding is expanding its financing sources to strengthen its Carbon Capture & Storage (CCS) project platform. - - Following the successful project financing of Liverpool Bay CCS (LBCCS), the backbone infrastructure of the HyNet industrial decarbonization cluster in the United Kingdom, the market continued to show a strong interest in Eni CCUS Holding, with par...

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Where mountains whisper old stories and new dreams

Wed, 20 May 2026 16:57:26 EDT

For six years, a solar engineer has delivered transformative energy solutions in Bhutan's most remote communities. Now, after training with Swiss experts through WWF, he's ready to chase his dreams for Bhutan's solar future. - - In the town of Trashigang, life moves to the rhythm of wind and prayer flags, and the mountains seem to whisper old stories. - - That's how Ngawang Gyeltshen describes his hometown in Bhutan, where people are warm and gentle despite the cold winters. “Smiles come...

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UAE President and India Prime Minister Witness Exchange of Strategic Agreements between ADNOC and Indian Energy Partners

Tue, 19 May 2026 11:32:02 EDT

Agreements include strategic collaboration with Indian Strategic Petroleum Reserves Limited across crude oil, LNG and LPG storage as well as strategic reserves - - Expansion of LPG supply and trading cooperation with Indian Oil Corporation, supported by ADNOC Global Trading - Strategic collaborations reinforce ADNOC's role as a reliable energy supplier to India, supporting energy security and deepening long-term cooperation - - In the presence of UAE President His Highness Sheikh Moham...

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Aramco and Pasqal launch Saudi Arabia's first Quantum Computer and Middle East's first commercial Quantum Computing as a Service platform

Tue, 19 May 2026 11:21:19 EDT

Aramco, one of the world's leading energy and chemicals companies, in partnership with Pasqal, a global leader in neutral-atom quantum computing, today officially inaugurated the Kingdom of Saudi Arabia's first quantum computer. - - Aramco and Pasqal also unveiled the first commercial Quantum Computing as a Service (QCaaS) platform in the Middle East, opening a new chapter in building regional expertise and accelerating the development of quantum applications across the energy, materials...

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Enel signed agreement for the acquisition of a portfolio of around 270 MW of solar plants in USA

Tue, 19 May 2026 09:57:15 EDT

- - • The agreement provides for the acquisition of seven operational photovoltaic plants for a consideration of approximately 140 million US dollars, which will bring a positive contribution to Group results (ordinary EBITDA) of around 20 million US dollars per year - • The transaction is coherent with the Enel Group's strategy, which envisages accelerating growth of its generation capacity from renewable sources including through the acquisition of assets already in operation in Tier...

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La Caisse and Grupo Energ�a Bogot� to establish Brazil's 5th largest power transmission platform

Mon, 18 May 2026 03:24:05 EDT

Global investment group La Caisse, and Grupo Energ�a Bogot� (“GEB”), a leading Latin American energy infrastructure group, announced that they have entered into a final agreement to create a jointly controlled, 50/50 power transmission platform in Brazil, bringing together their respective transmission assets in the country under a single joint venture which will retain the name Verene Energia S.A. (“Verene”). - - The combined platform will comprise 26 electric transmission concession agree...

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