Industry News

The kingdom is on alert after a flurry of attacks from Yemen’s Houthis in recent weeks.

The new appointment ‘formalizes his executive leadership at the board level as the company moves from the appraisal phase into development’, the early-stage natural gas exploration and production company said.

The Ravenna carbon capture and storage project on Italy’s side of the Adriatic Sea is among 12 ‘large-scale’ projects the European Commission selected for the Innovation Fund call issued last December.

BW ESS has obtained debt financing from international lenders to support its 400MW/1.42GWh Hams Hall battery energy storage system (BESS) located in the West Midlands, UK.

Santos reported around $2 billion in third-quarter sales revenue, up 49 percent from the prior three-month period as sales volumes increased 11 percent to 26.4 million barrels of oil equivalent.

Mahmoud Mashal, Senior Market Analyst at VT Markets Dubai, highlighted that both WTI and Brent oil prices were rising intraday ‘as escalating tensions in the Middle East revived concerns over Gulf supply’.

Iberdrola declared a dividend of EUR 0.275 per share for 2026, up 8.7 percent from 2025 as the Spanish power utility sustains growth in networks.

Ghana has entered into a $28bn agreement with a consortium led by UAE-based Global Sphere for the proposed expansion of its Petroleum Hub in Jomoro, Western Region.

GeoPark has secured the Corralera Noreste block in Argentina’s Neuquén Basin, adding 24,200 net acres to its position in the northern Vaca Muerta area.

TGGENCO in India has synchronised the fifth and final unit of its 4GW Yadadri Thermal Power Station with the electricity grid.