Honghua Group, a Chinese energy technology firm, has reportedly introduced an intelligent fracturing solution designed to enhance the efficiency and automation of unconventional oil and gas extraction.
TechnipFMC has secured a contract from Petrobras for subsea production systems, following a competitive bidding process.
Equinor has commenced production from the Askeladd Vest subsea field in the Barents Sea, located off the coasts of Norway.
Shearwater Geoservices has secured a seven vessel-months streamer contract from Oil India Limited (OIL), with operations scheduled to begin in the fourth quarter (Q4) of 2025.
ExxonMobil has taken FID for the Hammerhead project, the seventh development on Guyana’s Stabroek block, following regulatory clearances.
Kuwait’s crude oil production capacity has reached 3.2 million barrels per day (bpd), said the country’s oil minister Tariq Al-Roumi.
Petrofac has strengthened its partnership with Ithaca Energy in the UK North Sea through a two-year contract renewal valued at $50m.
The Indian government has refused to extend Vedanta Cairn Oil and Gas’s contract for the Cambay basin oil and gas block CB-OS/2.
Santos announced that the BW Opal FPSO has received its first gas from the Barossa LNG project, located offshore in northern Australia.
India’s state-owned oil exploration companies, Oil and Natural Gas Corporation (ONGC) and Oil India (OIL) are set to launch a stratigraphic drilling campaign valued at Rs320bn ($385.5m) in early 2026, mainly in the unexplored offshore regions.
