Oil & Gas News

Investments & Funding

Eni and partners approve FID for Baleine Phase 3 to triple oil output in Côte d’Ivoire

Eni, Petroci, and Vitol have reached a final investment decision for Phase 3 of the Baleine field development. This expansion targets a production increase to 150,000 barrels of oil and 200 million cubic feet of gas daily, utilizing a new FPSO unit to enhance regional energy security.

2 days ago • Cote dIvoire (Ivory Coast)

Oil & Gas

Subsea7 secures EPCI contract for Vår Energi gas export project in Norway

Subsea7 has been awarded a substantial contract by Vår Energi to facilitate gas exports from the Goliat field in the Barents Sea. The project involves engineering, procurement, construction, and installation of a 12.7-kilometer pipeline to connect existing Norwegian energy infrastructure.

2 days ago • Norway

Oil & Gas

Weatherford secures deepwater completions contract from ExxonMobil affiliate in Nigeria

Weatherford International has secured a contract from ExxonMobil affiliate Esso Exploration & Production Nigeria to provide integrated deepwater completion services, leveraging its global supply chain and local infrastructure to optimize offshore well integrity and efficiency.

2 days ago • Nigeria

Oil & Gas

Oceaneering wins integrated Offshore installation contract for Egypt's WDDM gas field

Oceaneering’s Offshore Projects Group has been awarded an integrated offshore installation contract by Burullus Gas Company for the West Delta Deep Marine gas field offshore Egypt, including transport, installation, and commissioning of a refurbished umbilical and a 2,000-meter TCP flowline, with work expected to generate meaningful revenue in 2026.

2 days ago • Egypt

Oil & Gas

Santos achieves first oil from Pikka phase 1 on Alaska's north slope, targeting 80,000 bbl/day plateau

Santos has achieved first oil from the Pikka phase 1 development on Alaska’s North Slope, with initial ramp-up to 20,000 bbl/day over coming weeks and an expected plateau of 80,000 bbl/day during Q3. Santos operates with 51% interest; Repsol holds 49%.

2 days ago • United States

Ports & Shipping

India and UAE expand energy, defence and investment cooperation through multi-sector agreements

India and the UAE have formalized a series of agreements covering defence cooperation, energy security, strategic petroleum storage and financial investments. The initiatives include USD 5 billion in planned investments across infrastructure and financial services, reflecting deeper economic alignment and long-term strategic coordination between the two countries.

2 days ago • India

Investments & Funding

Commonwealth LNG reaches FID with $9.75 billion financing for Louisiana export facility

Caturus has made a positive final investment decision for its 9.5 Mtpa Commonwealth LNG project in Cameron Parish, Louisiana, closing $9.75 billion in project financing with total commitments of $21.25 billion. The facility, backed by offtake agreements including EQT, Glencore, PETRONAS, and Aramco Trading, is expected to generate over $3 billion in annual export revenue from 2030.

2 days ago • United States

Oil & Gas

Dolphin Drilling strengthens North Sea and India operations with 150 million USD Harbour Energy contract

Dolphin Drilling has secured a multi-year contract extension with Harbour Energy for operations in the UK North Sea, adding 150 million USD to its backlog. Simultaneously, the firm confirmed a duration extension for its Blackford Dolphin rig in India, significantly enhancing revenue visibility through 2030.

2 days ago • United Kingdom

Investments & Funding

European Commission allocates €1.09 billion to scale green hydrogen production across EEA nations

The European Commission has granted approximately €1.09 billion in subsidies to nine hydrogen production projects across seven EEA nations. Designed to bridge the cost gap between renewable and fossil-based hydrogen, the initiative will support 1.1 gigawatts of electrolyser capacity, aiming to produce 1.3 million tonnes of clean fuel over the next decade.

2 days ago • Europe

Oil & Gas

DOF Group secures $2 billion Petrobras contract for four newbuild RSVs in Brazil

DOF Group has been awarded 12-year charter and services contracts for four newbuild ROV Support Vessels to support Petrobras' deepwater subsea IMR activities in Brazil. The contracts, valued at approximately $2.0 billion, involve construction at Navship yard in Brazil with expected commencement from 2030.

2 days ago • Brazil

Chemicals & Fertilizers

L&T secures large EPC contract for India's first major coal-to-chemical project in Odisha

Larsen & Toubro’s hydrocarbon division has been awarded a significant turnkey contract by Bharat Coal Gasification and Chemicals Ltd to construct an ammonium nitrate plant. The project supports India’s national mission to gasify 100 million tonnes of coal by 2030, reducing industrial chemical import reliance.

2 days ago • India

Oil & Gas

Equinor awards Aker Solutions FEED contract for Atlantis subsea tie-in at Kvitebjørn

Equinor has contracted Aker Solutions for front-end engineering and design services to integrate the Atlantis gas condensate discovery with existing North Sea infrastructure. The project involves modifying the Kvitebjørn platform to handle production from three new wells, with a potential follow-on execution phase scheduled to begin in early 2027.

2 days ago • Norway

Oil & Gas

NTPC awards GPS Renewables contract for India's inaugural ethanol-to-jet SAF facility in Visakhapatnam

NTPC Limited has commissioned GPS Renewables to develop India’s first ethanol-to-jet sustainable aviation fuel plant. Located at a green hydrogen hub, the facility will utilize carbon-derived ethanol to produce 1,800 tonnes of fuel annually by 2029, marking a major step in decarbonizing the regional aviation sector through advanced chemical processing.

2 days ago • India

Chemicals & Fertilizers

INEOS Acetyls backs Sandpiper's $1.7bn low carbon methanol plant in Texas city

INEOS Acetyls has formed a strategic collaboration with Sandpiper Chemicals, becoming a shareholder and anchor customer for a $1.7 billion low carbon methanol facility in Texas City, targeting 1.1 million metric tons annually with carbon capture, and FID planned for 2027.

2 days ago • United States