The U.S. Treasury says its latest sanctions on Rosneft and Lukoil are pushing Russian crude prices to multi-year lows and prompting major Indian and Chinese buyers to pause December purchases. Officials warn additional measures may follow as the U.S. targets Moscow’s oil revenue. SourceContinue Reading
Turkey’s state energy company TPAO plans to issue as much as $4 billion in Islamic debt to accelerate oil and gas production growth, including Black Sea gas expansion and Southeast Turkey unconventional development. The debut sukuk will also support international projects in Libya, Oman, Pakistan and more. SourceContinue Reading
TechnipFMC has landed a substantial iEPCI™ contract for Eni’s Maha deepwater project offshore Indonesia—the first use of Subsea 2.0® technology in the country and a new tieback to the Jangkrik FPU. SourceContinue Reading
Transocean has picked up $89 million in new backlog after operators in Brazil, Norway and Romania exercised options on three of its floating rigs, underscoring steady demand for ultra-deepwater and harsh-environment capacity. SourceContinue Reading
SLB OneSubsea has secured an EPC contract to deliver a standardized subsea boosting system for bp’s Tiber project in the deepwater Gulf of Mexico—the second such award tied to bp’s Paleogene developments after Kaskida. SourceContinue Reading
A 40,000-bopd FPSO with 1.1 MMbbl storage—Tamara Tokoni—is now available offshore West Africa for rapid redeployment. The unit offers operators a near-term option to accelerate field development timelines with existing topsides capacity and flexible mooring configurations. SourceContinue Reading
The American Petroleum Institute has launched a nationwide campaign spotlighting the skill, safety, and professionalism of U.S. oil and gas workers, tying into renewed public interest with the return of the Paramount+ series Landman. SourceContinue Reading
Nexans has launched the hull of the CLV Electra at Ulstein Verft, marking a major step toward commissioning one of the industry’s most advanced subsea cable-laying vessels. Designed for high-voltage offshore wind and interconnector projects, Electra will begin sea trials in spring 2026. SourceContinue Reading
TotalEnergies has signed a €5.1 billion all-stock agreement to acquire a 50% stake in EPH’s flexible power generation platform, marking one of the company’s most significant moves yet to scale its gas-to-power integration strategy across Europe. SourceContinue Reading
Canada’s oil sands are seeing renewed growth as U.S. shale output plateaus, with production hitting record highs following the Trans Mountain pipeline expansion. Improved heavy-oil pricing and rising U.S. investor interest are driving a resurgence among major oil sands producers through 2030. SourceContinue Reading
