Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia for the engineering, procurement, construction, and installation of 106 km of pipelines, topsides modifications and hook-up work. Offshore operations are planned for 2027–2028. SourceContinue Reading

Kuwait Petroleum Corp. is considering leasing $7 billion worth of pipelines to fund its $65 billion investment program, with $33 billion focused on boosting upstream oil production capacity to 4 million bpd by 2035. SourceContinue Reading

ABS has granted approval in principle (AIP) to SBM Offshore for its pioneering Blue Ammonia floating production storage and offloading (FPSO) concept, advancing offshore gas conversion and decarbonized fuel production. SourceContinue Reading

The EPA under President Trump plans to end the Greenhouse Gas Reporting Program, halting emissions tracking from power plants, industrial facilities, oil refineries and other major polluters. The move could obscure 2.6 billion metric tons of emissions annually while saving businesses $2.4 billion in regulatory costs. SourceContinue Reading

Canada’s LNG expansion strategy gained momentum as Prime Minister Mark Carney placed Shell’s LNG Canada project on the national priority list, fast-tracking approvals for a potential doubling of export capacity. SourceContinue Reading

Woodside has received final environmental approval from the Australian Government for the North West Shelf Project Extension, ensuring continued LNG supply, jobs, and investment while meeting cultural and environmental safeguards. SourceContinue Reading

The Permian Strategic Partnership (PSP) has appointed Jack Harper as its new chairman, strengthening leadership for one of the most influential coalitions in the U.S. oil and gas industry. Harper, a longtime Permian exec, will guide PSP’s growth mission for the region. SourceContinue Reading

Production from the Bakken had been expected to rise heading into late 2025 and early 2026, but weaker oil prices and rising competition from Canada have contributed to slower drilling in the region, analysts said. SourceContinue Reading

Pelican, Greenland Exploration, and March GL have merged to form Greenland Energy, advancing oil and gas drilling in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic. SourceContinue Reading

Argentina’s Vaca Muerta shale remains resilient despite political and economic risks, according to President Javier Milei’s top oil and gas official. SourceContinue Reading