Chevron, the American oil giant, has signed a Principle Agreement with the Iraqi Oil Ministry to develop the Nasiriyah Project, including four exploration blocks, the Balad oil field, as well as other producing fields and exploration blocks, according to a press statement by the office of the Iraqi Prime Minister, Mohammed Al Sudani
Eni signed an agreement with Global Infrastructure Partners (GIP), a leading global infrastructure investor and a part of BlackRock, for selling a share of 49.99% in Eni CCUS Holding, a leading global player in the CCUS sector (Carbon Capture, Utilization and Storage).
Aramco, a global leader in integrated energy and chemicals, has signed a  $11 billion lease and leaseback agreement for its Jafurah gas processing facilities with a consortium of international investors, led by Global Infrastructure Partners (GIP), which is part of the global investment management company, BlackRock.
Under the agreement, a newly established entity named Jafurah Midstream Gas Company (JMGC) will assume the development and operating rights for the Jafurah Field Gas Plant and the Riyas NGL Fractionation Facility, which it will then lease back to Aramco for 20 years. In return, Aramco will pay JMGC a tariff, securing exclusive access to process, treat, and receive raw gas from the Jafurah field.
Russia’s President Vladimir Putin has signed a decree that could enable foreign investors, including US. ExxonMobil, to reclaim their stakes in the Sakhalin-1 oil and gas project.
ConocoPhillips Skandinavia AS, a US.-based multinational energy corporation, has contracted Halliburton, one of the world's major energy solutions provider, to supply integrated well stimulation services designed to increase well efficiency and maximize reservoir production.
Hayan Abdul-Ghani, the Iraqi Deputy PM for Energy Affairs and Minister of Oil stated that his country is considering resuming exporting oil through the Syrian Baniyas and Lebanese Tripoli pipelines, with the aim to diversify the export routes, Iraq News Agency reported.
This came during the minister’s meeting with his Syrian counterpart, Mohammed Bashir, where they discussed the mutual cooperation between the two countries in the fields of oil, gas, and energy. Â
The Q2 2025 operation results of Barrick Gold company showed a gold production surge by 5% and copper by 34% compared to Q1 2025. The strong performance was supported by a strong contribution from Lumwana, a large open-pit copper mine in Zambia, owned and operated by the company.
US ExxonMobil has commenced production from Yellowtail, its fourth oil development in Guyana’s offshore Stabroek block, four months ahead of schedule. The company reported an initial average production of 250,000 barrels per day (bbl/d) of oil throughout the year, and a storage capacity of two million barrels from the operating vessel.
Baker Hughes, an energy technology company, has completed its $540 million acquisition of Continental Disc Corporation (CDC) from investment partnerships managed by Tinicum Incorporated.
Harbour Energy announced strong unaudited half-year results for the period ending June 30, 2025, driven by a successful operational execution and the benefits of its recent Wintershall Dea asset portfolio acquisition. The company has upgraded its full-year free cash flow outlook to approximately $1 billion, up from the previous $0.9 billion.
