Baker Hughes has secured a multi-year contract with Kuwait Oil Company to deploy advanced ESP artificial lift systems integrated with digital production technologies, strengthening its long-standing role in enhancing output from Kuwait’s oilfields. SourceContinue Reading

Big Oil Shuns Mexico as Pemex’s Struggles Continue | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Dec 17, 2025, 5:00 PM CST Pemex remains financially strained, with nearly $100 billion...Continue Reading

SBM Offshore has signed a contract extension to continue leasing and operating the FPSOs Mondo and Saxi Batuque on Angola’s Block 15 through 2032, with life-extension and refurbishment work set to begin in 2026. SourceContinue Reading

INEOS has committed £150 million to upgrade and secure the future of its Grangemouth industrial site, backed by UK government support. The investment aims to protect more than 500 jobs, improve efficiency and reinforce the site’s role as a cornerstone of British manufacturing. SourceContinue Reading

Why Is India Joining Forces With Russia In The Arctic? | 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 – Dec 17, 2025, 4:00 PM CST India and...Continue Reading

The Unbelievable Rise of Heat Pumps in the Coldest Places on Earth | OilPrice.com Leon Stille Leon Stille has a background in energy sciences (MSc and BSc) and is pursuing a PhD in energy policy. He currently runs his own company,… More Info Premium Content By Leon Stille – Dec 17, 2025, 3:00 PM CST...Continue Reading

Vista Energy is seeking shareholder approval to pursue new acquisitions in Argentina’s Vaca Muerta shale, potentially funded through an equity issuance. SourceContinue Reading

DeepOcean has secured a new long-term IMR frame agreement with Vår Energi, covering subsea inspection, maintenance and repair work across the operator’s Norwegian continental shelf assets through 2030, with options for extension. SourceContinue Reading

Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments. SourceContinue Reading

MOL Group and SOCAR have signed a new onshore exploration and production sharing agreement in Azerbaijan’s Shamakhi-Gobustan region, with MOL as operator. The deal strengthens their Caspian partnership and sets the stage for seismic work in 2026, followed by future exploration drilling. SourceContinue Reading