Energy.
PETRONAS advances Malaysia’s Upstream Data Platform with Agentic AI to Accelerate E&P Investment
PETRONAS, through Malaysia Petroleum Management (MPM), recently signed an agreement with Iraya Energies Sdn Bhd (Iraya Energies) to enhance PETRONAS myPROdata with Agentic AI capabilities, providing investors and industry players with insight to Malaysia’s exploration and production data to support informed investment decisions and reinforce the country’s attractiveness as an upstream investment…
Samsung Heavy Industries wins first US Offshore LNG deal
Samsung Heavy Industries announced on June 10 that it held the main contract signing ceremony for the ‘Delfin FLNG Project,’ which will become the first offshore LNG export outpost in the US. This…
Prince Madog hydrogen fuel cell retrofit wins LR certification
The Prince Madog will be the first sea-going, manned hydrogen retrofit of its kind. The UK-flagged research vessel Prince Madog has received certification for a hydrogen fuel cell retrofit, following…
Entr awarded $1.2million to accelerate CO₂ transport and storage project in Canada
Aker Solutions’ consultancy arm, Entr has been awarded $1.2 million in funding from the Government of Canada to explore the future of offshore carbon transport and storage. The project will…
UAE’s exit rattles OPEC’s grip on the oil market
The UAE’s exit from OPEC is momentous, and undoubtedly the biggest schism in the organisation since it was founded in 1960. The UAE, a member since 1967, has risen by developing its vast resources…
Climate TRACE releases February 2026 Emissions Data
Climate TRACE reported that global greenhouse gas (GHG) emissions for the month of February 2026 totaled 4.9 billion tonnes CO₂e. This represents a decrease of 0.7% vs. February 2025. Total global…
Subsea7 awarded contract offshore Angola
Subsea7 announced the award of a substantial¹ engineering, procurement, construction, and installation (EPCI) contract by ExxonMobil to Subsea Integration Alliance (SIA) for a subsea tie-back…
BW Offshore signs FEED agreement for Bay du Nord FPSO
BW Offshore has signed a Front-End Engineering and Design (FEED) agreement with Equinor for the Bay du Nord development offshore Newfoundland and Labrador, Canada. The FEED agreement formalises the…
Aker Solutions secures significant brownfield services contract from ExxonMobil Canada
Aker Solutions has signed a five-year enabling contract with ExxonMobil Canada Properties, a partnership, as operator of the Hebron platform. The contract is an extension for brownfield maintenance…
Eni and YPF sign agreement with XRG for participation in the Argentina LNG project
Eni and YPF, Argentina's leading energy company, today signed a non-binding agreement with XRG, part of the ADNOC Group, regarding the company's potential involvement in the 12 MTPA liquefied natural…
Russia’s Tuapse halted fuel exports after drone attacks, refinery stopped, sources say
Russia's Black Sea port of Tuapse has suspended fuel exports, while the local oil refinery halted processing crude following November 2 Ukrainian drone attacks on its infrastructure,…
BASF commences production of the first products from the core of the Verbund at its Zhanjiang Verbund site
The entire core of the Verbund expected to be ready for startup by the end of 2025 New capacities will strengthen BASF’s core businesses in growing markets in China and across Asia Pacific…
ADNOC Partners with Comera Financial Holdings to empower its UAE suppliers and SMEs with Smart Financing Solutions
Strategic partnership unlocks quick access to purchase order financing through an automated platform Initiative to enhance SME cash flow, strengthen supply chain resilience, and support UAE economic…
Reliance offers oil after buying at least 12 mln barrels to replace Russian supply, sources say
India's Reliance is attempting to re-sell some Middle Eastern crude it snapped up last month to replace Russian oil because of Western sanctions, trade sources said. The refiner halted…
Odyssey Marine Exploration files U.S. Offshore Critical Minerals Lease Sale request to advance America’s Resource Security
Odyssey Marine Exploration, Inc., a U.S.-based ocean exploration leader advancing critical-mineral resource development, announces that it has submitted an Unsolicited Request for Lease Sale of…
Aker Solutions extends role as Equinor’s inspection services provider in Norway
Aker Solutions has secured a sizeable four-year contract extension to provide onshore and offshore inspection services. The extension follows the customer’s decision to exercise an option included in…
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