Galp Energia is expanding upstream exploration in frontier markets such as Namibia and São Tomé and Príncipe amid resilient global oil demand. “The world has changed,” said a board member on Tuesday. “The energy transition is happening, but Europe still needs fossil fuels.” SourceContinue Reading

The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands. SourceContinue Reading

Vår Energi reported strong third-quarter 2025 results, achieving early start-up at seven offshore projects including Johan Castberg and Balder’s Jotun FPSO. The company expects Q4 output of 430,000 boed and plans to sanction ten new Norwegian Continental Shelf developments in 2025. SourceContinue Reading

Halliburton and VoltaGrid have entered into a strategic collaboration to develop and deploy distributed power generation systems designed to meet the surging energy needs of the global data center industry, with the first projects planned for the Middle East. SourceContinue Reading

Forum Energy Technologies’ (FET) Subsea division has secured a contract to supply two of its new-generation XLX EVO III work-class remotely operated vehicles (ROVs) to Nigerian offshore operator Marine Platforms Ltd. (MPL). SourceContinue Reading

Halliburton reported $5.6 billion in Q3 2025 revenue, led by North America growth and steady international results. Adjusted earnings rose to $496 million as the company emphasized cost discipline, technology leadership and shareholder returns. SourceContinue Reading

Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030. SourceContinue Reading

RINA has secured the Front-End Engineering Design (FEED) contract for PETRONAS CCS Ventures’ Southern Onshore Facilities, part of Malaysia’s landmark carbon capture and storage (CCS) development. SourceContinue Reading

Rockwell Automation has released a new report highlighting artificial intelligence (AI), the Internet of Things (IoT), and cybersecurity as leading drivers of digital transformation across the global oil and gas sector. SourceContinue Reading

MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located in the Mari Development and Production Lease (Mari D&PL). MariEnergies operates Pakistan’s largest gas reservoir in the Mari D&PL area and is the nation’s second-largest gas producer. SourceContinue Reading