News / International

TotalEnergies Hydrocarbon Production Increases 1% H1 2025

TotalEnergies' hydrocarbon production increased by 1% to 1,966 barrels of oil equivalent per day (boe/d) during the first half (H1) of 2025 compared to 1,956 boe/d in H1 2024. The company's liquid production in H1 2025 amounted to 1,440 barrels per day (bbl/d), while gas production reached 2,807 million cubic feet per day (mmcf/d). Totalenergies adjusted net income amounted to $18.3 billion in 2024 and the CFFO reached $29.9 billion. The company operates in over 130 countries, with major projects in Africa, the Middle East, the Americas, Europe, and Asia-Pacific. It is a key player in the global LNG market and is expanding its solar, wind, and battery storage assets globally.

Eni’s Production Up 1.3% Sequentially in Q2 2025, Expecting Growth in 2025

Eni's production went down by 2.6% in Q2 2025 compared to Q2 2024; however, it increased by 1.3% sequentially, confirming the positive outlook for the year.
According to the company's results, it achieved net profit of $1.13 billion with a group tax rate of 46.6%. The performance is supported by several internal improvement initiatives, including cost savings, increased volumes, and a more favorable product or service mix.

Saipem, Subsea 7 Sign Merger Agreement

Saipem, an Italian multinational oilfield services company, along with with Subsea 7, a Luxembourgish subsea engineering and construction company, signed a binding merger agreement based on the terms and conditions that have been previously communicated at the Memorandum of Understanding (MoU) that was signed in February 2025.

Total Energies, Emerson Cooperate on Large-Scale Solutions for Operation Optimization

TotalEnergies has entered into a strategic partnership with Aspen Technology, a business of Emerson, aimed at deploying advanced digital solutions across its industrial sites. These solutions will help in leveraging the efficiency of real-time data collection leading to improved operational efficiency, reduced energy consumption, and enhanced environmental performance.

Baker Hughes Records Revenues of $6.9bn in Q2 2025

Baker Hughes' financial results showed its revenues reaching $6.9 billion in Q2 2025 compared to $6.459 billion in the previous quarter in 2025 and to $7.526 billion Year-on-Year (YoY).

bp Appoints Albert Manifold as New Chair

bp has appointed Albert Manifold as the new Chair of the company, succeeding Helge Lund. Manifold will join the board by the start of September as non-executive director and chair-elect, and will take over the Chair position starting from October.

Turkey Sends New Draft to Iraq to Renew, Expand Energy Agreement

Turkey has sent a request to Iraq asking to renew and expand the collaboration between the two countries in energy, the Iraq News Agency reported. The request was attached with a draft for a new inclusive agreement in oil, gas, petrochemical industries, and electricity. Iraq's Ministry of Oil is currently reviewing the draft agreement sent by the Turkish side and negotiating to reach a formula that serves the interests of both countries.

AVEVA Records 93% Emissions Cut in 2024

AVEVA, a global leader in industrial software, released its 2024 Sustainability Report at London Climate Action Week during which it revealed progress across all three pillars of the company’s sustainability framework: technology handprint, operational footprint and inclusive culture. The company reported 93% reduction in scope 1 and 2 emissions against its baseline year driven by utilizing renewable energy, careful management of office space and fleet optimization. Since 2022, the company reduced its fleet size by 58.6%, from 186 vehicles to 77 at the start of 2025. Of the remaining vehicles, 35 are hybrid and six are electric.

SLB’s Revenues Record $8.55bn in Q2 2025

SLB recorded revenues of $8.55 billion in its financial results for Q2 2025, increasing 1% from Q1 2025 after reaching $8.490 billion, despite a 6% decrease Year-on-Year (YoY).

bp Exits Onshore Wind Business in US

In an official statement, bp announced the selling of its US onshore wind business, BP Wind Energy North America Inc. (bp Wind Energy), to LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector.

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