Shanghai Electric Seals Landmark Solar and Wind Energy Deals in Saudi Arabia and Oman to Accelerate Regional Energy Transition

Representational image. Credit: Canva Shanghai Electric has cemented two major energy agreements in the Middle East, marking a significant step in its global clean energy expansion. In early April, the…

ADFD Inaugurates 6.3 MW Solar Plant in Comoros to Drive Clean Energy Transition and Economic Growth

Representational image. Credit: Canva The Abu Dhabi Fund for Development (ADFD) has officially inaugurated a 6.3-megawatt solar power plant in the Comoros, funded with AED 25.7 million (US$7 million), reinforcing…

ConocoPhillips Plans Layoffs as Part of Broad Restructuring

The job cuts are the latest sign of pain in the oil and gas industry, which is facing higher costs and lower revenues as prices hover around $63 a barrel.…

ACWA Power Secures SR750 Million Loan for Riyadh HQ, Advancing Saudi Arabia’s Energy Transition Goals

Representational image. Credit: Canva Saudi Arabia’s ACWA Power, the world’s largest private water desalination company, has secured a Shariah-compliant term loan facility of SR750 million (approximately $119 million) from Alinma…

Gulf Energy Integrates Telecom and AI to Power Renewable Expansion in Thailand

Representational image. Credit: Canva Gulf Energy, Thailand’s largest private power producer, is accelerating its shift toward renewable energy by leveraging its growing presence in telecommunications and digital infrastructure. The company’s…

MGen Secures P150-Billion Loan for Mega Solar Project in Luzon

Representational image. Credit: Canva Meralco PowerGen Corp. (MGen) has successfully closed a landmark P150-billion syndicated loan to finance the development of its massive solar power project in Luzon, marking the…

NRES Urges Greater Corporate Involvement in Renewable Energy Drive

Representational image. Credit: Canva The Ministry of Natural Resources and Environmental Sustainability (NRES) has called on large corporations, including multinationals and government-linked companies (GLCs), to take a more active role…

EQT to Acquire Upstream and Midstream Assets of Olympus Energy for $1.8 Billion

(Reuters) – EQT said on Tuesday it plans to acquire the upstream and midstream assets of Olympus Energy in a deal valued at $1.8 billion. The company also beat first-quarter…

North Dakota Oil Prices Near Breakeven Levels in Market Rout, State Regulator Says

(Reuters) – North Dakota oil prices are near breakeven levels, the state’s oil and gas regulator said on Tuesday, as a global trade war has stoked concerns of a recession…

Democrat Phillips Resigns From US Energy Regulatory Panel

(Reuters) – Willie Phillips, a Democratic commissioner on the U.S. Federal Energy Regulatory Commission, resigned on Tuesday, opening the way for President Donald Trump to nominate another member who would…