Subsea7, a global offshore service provider to oil and gas companies,a global offshore service provider to energy companies has been awarded a major contract from Saudi Aramco under a long-term agreement (LTA) to develop offshore facilities in Saudi Arabia (KSA). The contract value is estimated to be between $750 million and $1.25 billion.
In Baghdad, senior Iraqi government officials met with Patrick Pouyanné, Chairman and CEO of TotalEnergies, to celebrate the launch of the construction of the Common Seawater Supply Project (CSSP) and Phase 2 of the Artawi Oil Field Redevelopment project . Both are part of the final component of Iraq's Gas Growth Integrated Project (GGIP), a multi-phase initiative that aims to enhance the country's energy infrastructure.
Energean, an international hydrocarbon exploration and production company, estimated the overall potential gas reserves in its Egyptian platforms at an additional 3 trillion cubic feet (tcf) , Mathios Rigas, the company’s CEO told Reuters.
The company fully owns Abu Qir, North East Almreya, and North Idku concessions, with minority stakes in East Bir El Nems and North East Hap’y concessions. Energean also reported a revenue decline in H1 2025 compared to the same period last year.
Iraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation.
At the Gastech Exhibition and Conference in Milan, Baker Hughes unveiled a plan to allocate around EUR 300 million over the next five years to upgrade and expand its facilities and plants in Italy. The initiative is intended to address the growing global demand for the company’s technology solutions that promote safe, reliable, and sustainable energy production.
The International Energy Agency (IEA) forecasted a rise in global oil production by 2.7 million barrels per day (mmbl/d), to record 105.8 mmbl/d in 2025, as a reflection of the OPEC+ decision to ease back its earlier oil production cuts.
Halliburton has launched the Turing® electro-hydraulic control system, the latest updates of its SmartWell® intelligent completions technology. Designed for a wide range of completion applications, the system establishes a new benchmark in reservoir flow management, enabling higher recovery while lowering the number of wells required.
Woodside Energy Trading Singapore Ltd and PETRONAS LNG, a subsidiary of Petroliam Nasional Berhad (PETRONAS), have signed a fully termed sale and purchase agreement (SPA) for the delivery of 1 million tons per annum (Mtpa) of liquified natural gas (LNG) to Malaysia starting in 2028, for 15 years.
UAE-based ADNOC Gas plc stated that its shares will be included in the FTSE Emerging Index, part of the FTSE Russell Global Equity Index Series (GEIS), effective at market open on September 22, 2025. Market analysts estimate that the inclusion could attract up to $250 million in additional investment flows. The inclusion will boost its visibility among international institutional investors, broaden its shareholder base, and improve liquidity on the Abu Dhabi Securities Exchange (ADX).
The eight OPEC+ countries have decided to continue to increase oil production in October by 137,000 barrels per day (bbl/d), which is lower than the increases of September and August of by about 555,000 bbl/d, according to a statement released by OPEC.
