Subsea7 has secured a sizeable contract from LLOG Exploration, a Harbour Energy subsidiary, for the Who Dat East development in the US Gulf, covering subsea installation work at around 1,300 metres water depth.
Baker Hughes has signed a multi-year contract with Pakistan’s Oil & Gas Development Company (OGDC) to improve production and recovery from mature oil and gas fields, supporting the country’s efforts to strengthen domestic energy supplies.
Axens has been awarded a contract by Argentina’s YPF to implement a 5,000 m³/day low-sulphur diesel hydrotreater at its Industrial Complex using Prime-D technology. The unit will be delivered through prefabricated modules, reducing the project schedule by six months compared with conventional construction.
Eni and Venezuela’s state-owned oil company PDVSA have signed a new hydrocarbon production agreement covering the development of the giant Junín 5 oil field in the Orinoco Belt.
bp and Shell have agreed terms for Shell to acquire a 50 per cent stake in the Tupinambá exploration block in the Santos Basin, offshore Brazil, in addition to a 30 per cent stake in five leases containing the Conifer exploration prospect in the deepwater Gulf of America Paleogene.
Shell has completed its acquisition of Canadian energy company ARC Resources in a deal valued at approximately $16.5 billion, adding 370,000 barrels of oil equivalent per day and strengthening its upstream portfolio in Alberta and British Columbia.
TotalEnergies has completed its December 2025 transaction with Galp covering three Namibian exploration licences, acquiring a 40 per cent operated stake in PEL83 while transferring interests in PEL56 and PEL91 to Galp.
China-based Sungrow, a global leader in solar energy, has launched its 10GWh energy storage manufacturing facility in Egypt's Suez Canal Economic Zone, with operations set to begin in June 2027.
Rising energy demand and the rapid advance of artificial intelligence are reshaping the global energy sector, requiring countries to build cleaner, smarter and more resilient power systems, a senior UAE energy official said on Wednesday.
The US military escorted 40 commercial vessels carrying about 18 million barrels of oil through the Strait of Hormuz on Tuesday, a wartime record, as Washington and Tehran traded their heaviest blows in weeks, CNN reported, citing two US officials familiar with the operation.
