Eni has approved the $7.2 billion Coral Norte floating LNG project offshore Mozambique, which will add 3.6 million tons per year of LNG capacity and double the country’s production. Set to start in 2028, Coral Norte positions Mozambique as Africa’s third-largest LNG producer after Nigeria and Angola. SourceContinue Reading
Danos has acquired Panel Specialists Inc., in a deal that broadens its’ technical services footprint in Houma, Louisiana, enhancing automation, control, and reliability solutions for upstream oil and gas customers. SourceContinue Reading
The Railroad Commission of Texas (RRC) has assessed more than $1.5 million in penalties against oil and gas operators and businesses during its latest open meeting, underscoring the agency’s continued focus on regulatory enforcement and compliance across the industry. SourceContinue Reading
SLB and SBM Offshore have entered an exclusive digital alliance to develop an AI-driven ecosystem aimed at optimizing FPSO production. The partnership combines SLB’s digital platforms and domain expertise with SBM Offshore’s lifecycle knowledge. SourceContinue Reading
EnerMech has secured a subsea pre-commissioning contract for a major offshore gas project in Australia’s East Browse basin, covering riser and umbilical services from October 2025 to April 2026. SourceContinue Reading
Berkshire Hathaway has agreed to buy Occidental Petroleum’s OxyChem unit for $9.7 billion in cash, marking Berkshire’s largest deal since 2022. Occidental plans to use $6.5 billion of proceeds to cut debt below $15 billion, reinforcing its strategy to prioritize long-term oil and gas development in the Permian basin. SourceContinue Reading
Enverus Intelligence Research warns that Illinois’ ban on CO₂ sequestration beneath the Mahomet Aquifer has halted 5.6 MMtpa of carbon storage projects and could set a precedent nationwide, putting 20% of U.S. carbon capture capacity at risk. SourceContinue Reading
Elea Data Centers has secured a R$2.3 billion (US$500 million) contract from Petrobras to build a large-scale, renewable-powered data center in São Paulo. The 17-year agreement is being described as the largest IT infrastructure award of its kind in Latin America. SourceContinue Reading
Weatherford International launched its Industrial Intelligence digital portfolio at the FWRD 2025 Technology Conference in Houston, introducing advanced edge automation, digital twin technology and AI-powered platforms. SourceContinue Reading
Rhino Resources Namibia Ltd. has confirmed a significant gas condensate discovery at the Volans-1X exploration well in Block 2914A, offshore Namibia’s Orange basin. The find represents the company’s third consecutive hydrocarbon discovery on Petroleum Exploration License 85 (PEL 85). SourceContinue Reading
