The European Commission is awarding nearly €720m to seven renewable hydrogen projects in Europe, selected through the first competitive bidding process under the European Hydrogen Bank.
Aramco’s net income totalled $121.3 billion in 2023, down from $161.1 billion in 2022.
Gulf Cooperation Council (GCC) project contracts doubled to $209bn in 2023, according to MEED data.
Global consulting and engineering company Wood has recorded milestone growth in the Middle East region having secured $850m in contract wins over the last 12 months.
Weekly shipping transits via the Suez Canal decreased by 42% during the last two months, according to the United Nations Conference on Trade and Development (UNCTAD).
A naming ceremony has been held for the 13,000 TEU HMM Garnet, the first of 12 LNG-ready containerships.
As the world is now aware, Houthi rebels based in Yemen have been attacking cargo vessels, tankers and commercial ships in the Red Sea and Gulf of Aden since Israel invaded Gaza in response to...
Geographically and strategically central, here we profile the outlook for the energy-rich MENA region, which is something of a litmus test for the pace of the wider global energy transition.
Up to 822 ships – around a third of global capacity – are potentially impacted by attacks in the Red Sea, according to Drewry Shipping Consultants research.
Industrial, medical, and specialty gases providers Gulf Cryo and Petro Rabigh have announced the inauguration of a new carbon capture and utilisation (CCU) facility located in the Kingdom’s Western Region.
