ConocoPhillips has increased the projected cost of its Willow development on Alaska’s North Slope to as much as $9 billion, citing inflation and higher construction expenses. First oil is now expected in early 2029, marking a key update to one of the largest U.S. Arctic energy projects. SourceContinue Reading
Tenaris will build a 2.3-mile rail spur at its Midland, TX service center to boost Permian logistics efficiency, reduce costs, and cut emissions. SourceContinue Reading
DNO reported record Q3 revenue and profit, boosted by higher North Sea and Kurdistan output, and launched a fast-track plan for its Kjøttkake tie-back project. SourceContinue Reading
TotalEnergies has awarded Vallourec a new contract to supply 30,000 tons of tubular solutions for Iraq’s Gas Growth Integrated Project (AGUP2 phase). SourceContinue Reading
Baker Hughes has received an order from Bechtel to supply liquefaction equipment for NextDecade’s Rio Grande LNG Train 5, adding 6 MMtpa of new capacity. SourceContinue Reading
U.S. shale producers are increasing output despite $60 oil, leveraging drilling efficiencies and lower break-even costs to sustain record production. SourceContinue Reading
Petrobras has increased production from Brazil’s massive Buzios deepwater field to 1 million bpd, reinforcing its position as a top non-OPEC oil supplier. SourceContinue Reading
ConocoPhillips has raised the cost of its Willow oil project in Alaska to $9 billion, citing inflation and rising expenses, with production now set for early 2029. SourceContinue Reading
Aker Solutions has secured a five-year brownfield services contract from ExxonMobil Canada for the Hebron platform offshore Newfoundland and Labrador. The significant NOK 1.5–2.5 billion award extends Aker Solutions’ long-running EPC and maintenance work on the platform, reinforcing its strong presence in Atlantic Canada’s offshore sector. SourceContinue Reading
Energy NL CEO Charlene Johnson said Canada’s 2025 federal budget shows promising support for resource and infrastructure projects, but urged clarity on the emissions cap timeline. She highlighted tax incentives for carbon capture and LNG as positive for Newfoundland and Labrador’s energy industry. SourceContinue Reading
