Baker Hughes has won a multi-year contract from Aramco to expand coiled tubing drilling operations across Saudi Arabia’s gas fields, increasing its fleet from four to ten units. The project will enhance gas recovery and support the Kingdom’s drive to accelerate natural gas production. SourceContinue Reading
The Trump administration has reopened Alaska’s Arctic National Wildlife Refuge for oil and gas leasing, reversing a Biden-era ban and paving the way for a winter lease sale. Interior Secretary Doug Burgum said the move will expand U.S. fossil fuel production across 1.56 million acres of the Arctic coastal plain. SourceContinue Reading
Velesto Energy and ICON Engineering have signed an agreement to deliver rig-installed wellhead platforms for offshore Malaysia. The collaboration merges drilling and platform installation in one campaign — cutting costs, accelerating timelines, and expanding Malaysia’s offshore development capabilities. SourceContinue Reading
The American Petroleum Institute (API) has released the third edition of API Standard 2RD, enhancing offshore safety and riser integrity for floating production systems. The updated standard unifies design methods, strengthens robustness requirements, and supports extended riser service life. SourceContinue Reading
Baker Hughes has been named the winner of the fourth annual NOIA ESG Excellence Award, recognizing its leadership in offshore sustainability, data-driven emissions reduction, and responsible energy operations across more than 3,000 wells worldwide. SourceContinue Reading
Japan’s JERA is expanding its U.S. upstream presence with a $1.5 billion acquisition in Louisiana’s Haynesville Shale. The South Mansfield asset, producing 500 MMcf/d, positions JERA to double output to 1 Bcf/d and strengthen its global LNG value chain. SourceContinue Reading
The Tony Blair Institute is urging the UK government to delay its 2030 clean power target and adopt a more gradual approach to decarbonization. The think tank’s report calls for prioritizing affordable energy, warning that rapid reforms risk eroding public support for climate policy. SourceContinue Reading
Tampnet will provide advanced digital connectivity infrastructure—including subsea fiber and private 5G—for LLOG Exploration’s Salamanca deepwater development in the U.S. Gulf of America/Gulf of Mexico. SourceContinue Reading
U.S. sanctions targeting Russian oil producers Rosneft and Lukoil are unsettling China’s oil industry, which relies on Moscow for up to 20% of its crude imports. The measures, part of the Trump administration’s wider energy sanctions, raise fears of supply disruptions and secondary penalties. SourceContinue Reading
The American Petroleum Institute (API) is urging Congress to reconsider the Nationwide Consumer and Fuel Retailer Choice Act of 2025, arguing that the proposed E15 biofuel legislation no longer reflects current market realities. API warns that new state mandates and federal rule changes threaten fuel stability and investment certainty. SourceContinue Reading
