KKR, a leading global investment firm, has acquired a minority stake in ADNOC Gas Pipeline Assets LLC, deepening its partnership with the Abu Dhabi National Oil Company (ADNOC) and reinforcing its growth strategy in the Middle East.
TotalEnergies, a global integrated energy company, has entered an agreement with Continental Resources, a major American Petroleum and gas company, to acquire a 49% stake in natural gas assets operated by Continental in the Anadarko Basin, Oklahoma. This acquisition of low-cost, long-life assets strategically connected to the Henry Hub, aims to reinforce TotalEnergies’ position across the US Liquefied Natural Gas (LNG) value chain.
bp, one of the world's largest integrated oil companies, has made a final investment decision (FID) regarding its $5 billion Tiber-Guadalupe development project in the US Gulf of Mexico. The project marks the company’s second new offshore production platform approved in less than two years, bp said in a statement.
OPEC+ is expected to approve another production hike of at least 137,000 barrels per day (b/d), at its upcoming meeting on Sunday, three sources familiar with the discussions told Reuters. The move comes as higher oil prices encourage the group to continue regaining market share.
TotalEnergies, a major energy company, has entered a new phase of its partnership with industrial artificial intelligence (AI) specialist Cognite, signing a three-year program to deploy Cognite’s data and AI platform across all its operated Exploration and Production (E&P) assets worldwide. The initiative aims to integrate the technology across the value chain, from drilling through to production, with the goal of improving efficiency, reliability, and sustainability.
Iraq has resumed crude oil exports from the Kurdistan Region through the Iraq–Turkey pipeline after a halt since March 2023. The resumption began early Saturday, September 27, 2025, under directives from Prime Minister Mohammed Shia al-Sudani, according to Iraq's Oil Ministry.
Eni has finalized the sale of a 30% stake in Côte d’Ivoire’s Baleine project to Vitol, the company confirmed. Following the transaction, the ownership of the country’s flagship offshore development will be divided between Eni (47.25%), Vitol (30%), and state-owned Petroci (22.75%).
Equinor revealed that production has begun at the Askeladd Vest subsea field in the Barents Sea, marking a boost to long-term gas supplies for Norway’s Melkøya liquefied natural gas (LNG) plant. The development, which came on stream on September 19, includes two wells installed in a new subsea template and tied back to the Askeladd field that started producing in 2022.
SLB, a major technology company, has signed a definitive agreement which is the final, legally binding contract between parties in for acquisition or major transaction, to take over RESMAN Energy Technology. RESMAN is a specialist in wireless reservoir surveillance solutions and it is known for its advanced chemical tracer systems, which allow energy operators to track the movement of water, gas, oil, and CO₂ in reservoirs with exceptional accuracy.
Global natural gas demand rose to 4,122 billion cubic meters (Bcm) in 2024, marking a 1.9% year-on-year increase, driven mainly by strong consumption in Asia and North America. This growth was fueled primarily by the power generation sector, with extreme summer heatwaves boosting gas-fired electricity needs, according to the International Gas Union’s (IGU) Global Gas Report 2025.
