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.
The State Oil Marketing Organization (SOMO) revealed that it entered into negotiations with ExxonMobil seeking a deal for more storage space in Singapore, according to Iraq News Agency (INA).
TotalEnergies has signed a Production Sharing Contract (PSC) with South Atlantic Petroleum (SAPETRO) for two offshore exploration licenses in Nigeria. Under the deal, TotalEnergies will operate the licenses with an 80% interest, while SAPETRO holds the remaining 20%.
Saudi Aramco and Iraq's State Organization for the Marketing of Oil (SOMO) have halted selling crude oil to India's Nayara Energy, to align with the sanctions imposed by the European Union on the refinery. This is due to its majority bring owned by Russian companies, including Rosneft, Reuters reported.
TotalEnergies, along with its partners QatarEnergy, and Congo’s national oil company Société Nationale des Pétroles du Congo (SNPC), have secured the Nzombo exploration license in the Republic of the Congo.
Rosneft's revenue in the first half of 2025 declined to RUB 4,263 billion (around $52.88 billion), marking a 17.6% decrease compared to the same period last year, the company said in a statement. This reduction was mainly due to falling oil prices and a stronger ruble. Although the company worked to reduce costs and expenses, these efforts were insufficient to offset the revenue decline, partly because of mandatory tariff hikes from natural monopolies. Consequently, EBITDA for the period fell to RUB 1,054 billion (approximately $13.07 billion).
ADNOC inked a 15-year Sales and Purchase Agreement (SPA) agreement with the Indian Oil Corporation Ltd (IndianOil), India’s leading integrated energy player, to deliver 1 million tons of liquefied natural gas (LNG) annually, mainly from ADNOC’s lower-carbon Ruwais LNG project.
