Oil prices extended their decline on Tuesday, although they initially staged a modest recovery after plunging nearly 5% in the previous session following reports of a breakthrough agreement between the United States and Iran.
Engineering and testing services company Applus+ has secured a contract from a major oil and gas operator in Angola to provide 3D modelling and laser-scanning services for offshore asset management and engineering operations.
Global energy technology company SLB has launched the SLB Digital Marketplace, a new digital platform designed to help energy companies quickly discover, deploy and integrate specialised AI-powered tools into their existing digital environments.
Endress+Hauser honoured its inventors at the 2026 Innovators’ Meeting after a year of strong innovation performance, filing 294 patent applications and launching 41 new products. The company now holds more than 9,400 active patents and patent applications worldwide.
Intech has expanded its electrical solutions presence in the US energy sector with the award of a turnkey PDC and RTU Building E-House package for a major natural gas pipeline infrastructure project in Louisiana.
Expro, an energy services provider, has secured a two-year contract with a major UAE operator to deliver well testing and flowback services for unconventional wells, including surface testing, equipment supply, and operational support.
Saudi Arabia and South Korea signed an MoU to expand oil and gas cooperation, covering petroleum, petrochemicals, crude storage, pipeline infrastructure, technology, and sustainability initiatives, as the two countries seek to strengthen energy security and investment ties.
Oil prices fell in Asia on Monday after the US and Iran announced an agreement that is expected to reopen the key Strait of Hormuz shipping route.
Panasonic Holdings plans to begin mass production of battery cells for data centre applications in the United States by fiscal 2028, positioning itself to benefit from rapidly rising demand driven by artificial intelligence infrastructure expansion.
Small modular reactors (SMRs) are emerging as a key technology in the global shift to low-carbon, secure and flexible energy systems, with capacity forecast to rise roughly sixfold between 2025 and 2030, according to GlobalData
