Saudi Aramco, a leading global energy and chemicals company, has finalized a $3 billion international Sukuk offering split into two tranches. Priced on September 10, 2025, the securities are now listed on the London Stock Exchange.
Eni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas production while advancing new sustainability initiatives. The deal outlines a plan to explore a holistic investment strategy that will help advance Ghana’s goals of ensuring reliable, affordable, and environmentally responsible energy.
During the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company in a statement.
The global average decline rate of oil and gas fields' production has accelerated sharply, driven by increased dependence on shale and deepwater resources, according to a report released by the International Energy Agency (IEA). This decline has forced companies to put in far greater effort to sustain current production levels.
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.
