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September 16, 2025
GATE Energy has been awarded the full commissioning scope for bp’s Kaskida Floating Production Unit (FPU) in the U.S. Gulf. Working with Seatrium, GATE will provide systems completion, dynamic commissioning, and interface coordination for the deepwater project. Source
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TotalEnergies, alongside Basra Oil Company and QatarEnergy, has launched construction of the final two major components of Iraq’s multibillion-dollar Gas Growth Integrated Project (GGIP), a landmark upstream and energy transition initiative. Source
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California Resources Corporation has agreed to acquire Berry Corporation in an all-stock merger valued at $717 million, including net debt, the companies announced today. The transaction will consolidate two of California’s largest upstream operators, creating a combined entity with more than 160,000 boed of production and 652 MMboe of proved reserves. Source
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MEG Energy has rejected Strathcona Resources’ sweetened C$7.6 billion bid, backing Cenovus Energy’s cash-heavy offer instead. The oil sands producer’s board cited risks tied to Strathcona’s shares and reaffirmed support for Cenovus ahead of an October shareholder vote. Source
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Global OTEC has been selected by the DeepStar consortium, backed by Chevron, ExxonMobil and bp, to study Ocean Thermal Energy Conversion (OTEC) as a renewable power source for deepwater oil and gas operations. Source
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Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia for the engineering, procurement, construction, and installation of 106 km of pipelines, topsides modifications and hook-up work. Offshore operations are planned for 2027–2028. Source
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California Passes Bill to Boost Oil Production Amid Refinery Shutdowns | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 15, 2025, 8:32 PM CDT California lawmakers this weekend passed Senate Bill 237, a sweeping measure designed to revive in-state crude production in response to declining...
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Kyiv’s Long-Range Arsenal Grows, But What Does It Mean for Russian Oil? | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Sep 15, 2025, 7:00 PM CDT Ukraine hit Russia’s 355,000 bpd Kirishi refinery with drones, nudging oil higher....
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Russia starts Zapad and NATO braces for trouble | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Sep 15, 2025, 6:00 PM CDT Drones entered Poland just...
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