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 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, 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 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).
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.
ADNOC plans to allocate its ownership stake of 24.9% in OMV AG (OMV) to XRG P.J.S.C. (XRG), its fully owned international investment arm. This planned transfer is pending regulatory approvals.It is expected to support ADNOC’s strategy to centralize its global investment activities under XRG.
Investors and mining executives on the second day of the Egypt Mining Forum said that recent government reforms are improving the country’s appeal as a mining destination, citing a better risk-reward balance and increasing openness to foreign investment.
Speaking at one of the panel discussions on the second day of the forum, Mostafa Talaat, CEO of Egypt-based junior exploration firm ANKH Resources, praised the Cabinet’s efforts to foster transparency and open dialogue, saying these measures are encouraging companies to grow.
Baker Hughes and Petronas have signed a Memorandum of Understanding (MoU) to form a strategic partnership aimed at exploring business opportunities that could contribute to advancing Asia’s energy growth and transition efforts.
bp, the British oil giant, posted higher expectations for upstream production during Q2 2025 compared to Q1 2025. The company projects higher oil production and operations primarily in bpx Energy, while slightly higher in gas and low carbon energy.
The African Energy Chamber (AEC), representing the continent’s energy sector, called on OPEC member countries and their partners to take bold steps to overturn global restrictions on fossil fuel financing. This came during the opening of the 9th OPEC International Seminar held in Vienna where the Chamber emphasized the urgent need to restore upstream investment and challenge policies that withhold critical funding from African nations.
