Industry News
BP to sell interests in US midstream assets to Sixth Street for $1.5bnÂ
BP to sell non-controlling interests in its US midstream assets in the Permian and Eagle Ford basins to Sixth Street for $1.5bn.
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Industry News
ADNOC to expand robotics and AI across operationsÂ
ADNOC has signed three agreements with Gecko Robotics to extend the use of robotics and AI across operations and to expand training in UAE.
Industry News
Chevron reports record production in Q3 2025 after Hess acquisitionÂ
Chevron has reported a 21% growth in worldwide production in the third quarter of 2025 (Q3 2025) compared to the same period previous year.
Industry News
Petronas signs MoU with Dragon Oil to expand upstream portfolio Â
Petronas, has signed a memorandum of understanding with Dragon Oil, a subsidiary of Emirates National Oil Company (ENOC).
Analyst Comment
Oil and gas contractors supporting industry players in meeting net-zero goals
Contractors, who help conceptualise, build, and maintain highly complex oil and gas facilities, are also the critical enablers of decarbonisation of the industry.
Industry News
ExxonMobil’s Q3 net income decreases to $7.5bn
ExxonMobil has reported a net income of $7.5bn for Q3 ended 30 September 2025, a decrease from $8.6bn recorded in the same period last year.
Industry News
BW Energy reports hydrocarbon potential at Namibia’s Kudu licenceÂ
BW Energy announced that the Kharas-1 appraisal well, drilled within the Kudu licence offshore Namibia, has reached its total planned depth.
Analyst Comment
Abundant feedstock drives polypropylene capacity additions in the Middle East
The region will add 8.56 million mtpa of polypropylene production capacity between 2025 and 2030 from 22 upcoming projects.
Industry News
Russia’s Lukoil accepts Gunvor bid for international assetsÂ
Russia’s Lukoil has accepted an offer from Switzerland-based Gunvor Group to acquire Lukoil’s subsidiary holding international assets.
Industry News
TotalEnergies’ Q3 2025 net income increases to $3.68bnÂ
TotalEnergies said its third-quarter earnings remained flat from a year earlier, despite oil prices down by over $10 per barrel.