Baker Hughes has secured a long-term services agreement with Petrobras to support up to 64 aeroderivative gas turbines across Brazil’s offshore FPSO fleet and a major refinery, strengthening reliability and local supply chain capabilities. SourceContinue Reading
Eni has taken final investment decisions on two deepwater gas hub developments offshore Indonesia, targeting production of up to 2 Bcf/d and 90,000 bpd of condensate, supporting domestic supply and LNG exports via existing infrastructure. SourceContinue Reading
Iran has warned that oil and gas infrastructure across the Gulf could become targets following a strike on the South Pars gas field, raising concerns over regional supply disruptions and escalating risks to global energy markets. SourceContinue Reading
Iran has intensified drone attacks on Saudi Arabia, targeting key oil-producing regions and raising concerns over potential disruptions to Gulf energy infrastructure, shipping routes and global oil supply amid escalating regional conflict. SourceContinue Reading
IOG Resources III has launched a $125-million joint development partnership to fund an 18-well Niobrara drilling program in Wyoming’s Powder River basin, marking the platform’s first investment and expanding activity in a key U.S. shale play. SourceContinue Reading
SLB OneSubsea has secured an integrated EPC contract from CNOOC to deliver subsea production systems for the Kaiping 18-1 deepwater field in the South China Sea, supporting a 20-well development using standardized subsea technologies. SourceContinue Reading
Petrobras plans to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin for $450 million, consolidating full ownership and strengthening its offshore production portfolio. SourceContinue Reading
Buccaneer Energy has acquired a 100% working interest in the Carlisle-1 well in East Texas, adding immediate oil production, increasing output to 155 bopd and strengthening its position in the Pine Mills field and planned waterflood development. SourceContinue Reading
bp has started gas production from the Quiluma field offshore Angola as part of the New Gas Consortium project, the country’s first non-associated gas development supplying feedstock to the Angola LNG facility for export. SourceContinue Reading
