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Oil and gas firm QatarEnergy signed a 15-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with Texas-based peer Excelerate Energy on Monday. Excelerate agreed to purchase about 1 million tonnes per annum (MTPA) of LNG from QatarEnergy and deliver to floating storage and regasification units in Bangladesh, said the company. The firm also […]
Government entity Dubai Electricity and Water Authority (DEWA) equipped its workforce with the most recently introduced Microsoft 365 Copilot and Microsoft Security Copilot on Sunday, becoming one of the first UAE government entities to adopt the innovation of the tech giant. DEWA said this incorporation is to utilize innovation and technology to enhance efficiency, productivity, […]
Real-time and mission-critical orchestration software vendor MPrest agreed to use Doral Energy, a global company in the field of renewable energy, as its Distributed Energy Resource Management Systems (DERMS) platform for managing and optimizing its distributed solar and storage assets profits, on Sunday. The company said Doral’s advanced integration of solar energy and storage technologies […]
Samsung Electronics partnered with British Gas on Wednesday, aiding customers to better manage their energy usage in homes around Britain, also aiming to expand SmartThings Energy to integrate British Gas’ PeakSave incentive program. Samsung said the core outcome of this partnership is the integration of SmartThings Energy’s Auto Demand Response feature with British Gas’ PeakSave […]
Mining firm Tata Steel said it will initiate transformation and restructuring of its UK business, by initially laying off about 2,500 job positions across the region in the next 18 months. The company said the job cuts will affect an additional termination of 300 roles after the initial round of layoffs, affecting an overall 2,800 […]
Electronic manufacturer Vertiv expanded its footsteps to Chakan, Pune, India, on Wednesday, by opening a manufacturing facility. This is the third facility in India, joining existing manufacturing facilities in Ambernath and Pune. This unit aims to meet the rising demand for data centres and support infrastructure solutions globally, including India and the APAC region, said […]
Prairie Operating to Acquire Nickel Road Operating’s Assets Energy firm Prairie Operating Co, on Thursday, agreed to acquire the assets of Nickel Road Operating, oil and gas acquisition company in a cash deal for $94.5 million. The deal value is split into $83 million in cash and $11.5 million in deferred cash payments and it […]
Climate technology company Partanna Arabia collaborated with real estate developer ROSHN, on Thursday, with an aim to construct a carbon-negative concrete production facility in the Saudi Arabia region. The firm said,when operating at full capacity, the facility has the potential to generate 1.3 million carbon credits annually. Cement and concrete producer said the facility initially […]
Shanghai Electric said its energy storage business of 100mw/100mwh REP1&2 Energy Storage Station project in Kent, UK, entered commercial operation on Wednesday. The company said the development marks the grid connection of Fiskerton II-A solar project, final one of the eight solar projects in the country. Two projects are built in East and Southeast England, […]
Energy firm Dragon Oil started production of crude oil from state-owned oil discovery Al Wasl field (also known as North Safa), in the Arab Republic of Egypt, on Tuesday. The firm said it is set to drill seven new wells over the next two years as per the agreed plan with Egyptian authorities to achieve […]
Infrastructure firm Ara Partners acquired a majority interest in energy provider firm USD Clean Fuels to bring critical infrastructure solutions in the North American renewable fuel market, beginning with West Colton Rail Terminal, on Tuesday. The company said as part of the deal, USDCF also acquired the West Colton Rail Terminal, a fully operational biofuels […]
Energy and water firm TAQA signed a consortium with Saudi Water Partnership Company (SWPC) for Juranah Independent Strategic Water Reservoir Project (ISWR-1) in Saudi Arabia, on Tuesday. The consortium includes three firms in all, which are Vision International Investment (Vision Invest), development and investment holding company along with Gulf Investment Corp (GIC), financial service provider […]
