Halliburton Awarded Integrated Drilling Services Contract from Shell Nigeria for HI Gas Field Development

• Thursday, 6th November 2025
• by Fatma Ahmed

Halliburton, one of the leading oil and gas innovative companies, has been awarded an Integrated Drilling Services (IDS) contract, from Shell Nigeria Exploration and Production Company (SNEPCo), in partnership with Sunlink Energies, for operations in Oil Mining Lease (OML) 144, offshore Nigeria. The contract supports the development of the HI gas field, which will provide feed gas to the Nigeria LNG Train 7 project.

bp’s RC Profits Record $2.2bn in Q3 2025

• Tuesday, 4th November 2025
• by Fatma Ahmed

bp, the leading energy giant, announced that its underlying replacement cost profit (RC profit) recorded $2.2 billion in the third quarter (Q3) of 2025, compared to $2.4 billion in Q2 2025 and $2.26 in Q3 2024.

ADNOC, SLB Launch AI Platform to Optimize Production, Reduce Downtime

• Tuesday, 4th November 2025
• by Fatma Ahmed

ADNOC and SLB launched the AI-powered AiPSO platform at ADIPEC 2025 to optimize production and resolve field issues in minutes. The company plans to expand the AI solution to all onshore and offshore fields by 2027.

Aramco Lifts Q3 2025 Profit on Strong Production, Financial Discipline

• Tuesday, 4th November 2025
• by Doaa Ashraf

Saudi Aramco's Q3 2025 net income rose to $28 billion on strong production and cash flow. The company raised its 2030 gas target to an 80% increase and expanded its Downstream presence in China and the Philippines.

bp Sells Minority Stakes in US Midstream Assets to Sixth Street for $1.5 Billion

• Monday, 3rd November 2025
• by Fatma Ahmed

bp has reached an agreement with Sixth Street-managed funds for the sale of non-controlling interests in its Permian and Eagle Ford midstream assets. The transaction is valued at $1.5 billion and will be executed in two phases. Approximately $1 billion will be paid at signing, with the remaining amount expected by the end of the year, pending regulatory approvals.

Eni, PETRONAS Form Southeast Asia Upstream Venture, Targeting $15 Bn Investment

• Monday, 3rd November 2025
• by Fatma Ahmed

Eni and PEEni and PETRONAS have signed a binding agreement to create a new joint venture (JV) company, NewCo, which will combine their upstream operations in Indonesia and Malaysia. The agreement was signed on the sidelines of the ADIPEC energy conference by Eni CEO Claudio Descalzi and PETRONAS President and Group CEO Tengku Muhammad Taufik.

TotalEnergies Posts Earnings of $10.3 billion in Q3 2025

• Monday, 3rd November 2025
• by Fatma Ahmed

TotalEnergies' Q3 2025 adjusted EBITDA jumped to $10.3 billion as net income surged 37%. CEO attributes strong results to accretive hydrocarbon production growth and improved downstream performance.

ExxonMobil Reports Earnings of $7.5 billion in Q3 2025

• Monday, 3rd November 2025
• by Fatma Ahmed

ExxonMobil reported earnings of $7.5 billion in the third quarter (Q3) of 2025 compared to $7.08 billion recorded in the second quarter (Q2) of 2025. The company stated that the improved earnings were driven by advantaged volumes, record production in Guyana and the Permian basin, structural cost savings, and stronger crude realizations.

ADNOC Distribution Records Highest-Ever Quarterly EBITDA of $319 million in Q3 2025

• Sunday, 2nd November 2025
• by Fatma Ahmed

ADNOC Distribution announced that it achieved the highest-ever earnings interest, taxes, depreciation, and amortization (EBITDA) of $319 million during Q3 2025, which is up 15.9% year on year (YoY), compared to $275 million in Q2 2025.

The company reported EBITDA of $885 million in the first nine months of 2025, increasing by 12% compared to $790 million in the same period in 2024.

QatarEnergy Awards Major Carbon Project Contract to Samsung C&T

• Sunday, 2nd November 2025
• by Fatma Ahmed

QatarEnergy has signed an Engineering, Procurement, and Construction (EPC) contract with Samsung C&T Corporation for a landmark carbon capture and sequestration (CCS) project that will serve the company’s liquefied natural gas (LNG) production facilities in Ras Laffan Industrial City.