Category: News

Pharos Energy has secured approval from the Egypt General Petroleum Corporation (EGPC) for a new consolidated concession agreement.

BOTAS, a Türkiye based state energy company, has entered a 20-year agreement with trading company Mercuria for the purchase of approximately 4 billion cubic metres(bcm) of liquefied natural gas (LNG) annually from 2026.

Norway’s oil and gas production in August 2025 surpassed forecasts, according to the Norwegian Offshore Directorate (NOD).

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.