OPEC+, a collaboration between OPEC and other oil-producing nations led by Russia, will introduce a 411,000 barrels per day (bbl/d) hike in its production in June, mirroring the surge it adopted in May.
Equinor reported strong financial and operational performance during the first quarter (Q1) of 2025. According to the results, Equinor delivered adjusted operating income of $8.65 billion and $2.25 billion after taxes.
bp announced its financial results for the first quarter (Q1) of 2025, reporting underlying replacement cost (RC) profits of $104 billion compared to $1.2 billion for the previous quarter and $2.7 billion during the same period of 2024.
Baker Hughes, an energy technology company, reported a 39.5% reduction in emissions intensity for its scope 1 and 2 greenhouse gas (GHG) emissions compared to its 2019 baseline, as outlined in its 2024 Corporate Sustainability Report (CSR). This achievement highlights the company's commitment to delivering lasting value through sustainability, supported by strong corporate governance and a “people first” culture.
Woodside has announced a final investment decision (FID) to move forward with its Louisiana LNG development, a major project consisting of three production trains with a total capacity of 16.5 million tons per annum (Mtpa). The company is targeting first LNG production by 2029.
The Deputy CEO of the National Iranian Drilling Company (NIDC) for Drilling Operations Hamidreza Shafiei-Makvand announced that it drilled and completed eight oil and natural gas wells its rigs during Farvardin (March 21–April 20), the first month of the Iranian calendar year.
Saipem stated that it has been awarded a contract by Eni for the Liverpool Bay Carbon Capture and Storage (CCS) project in the UK. The value of the contract is estimated at approximately Є520 million and will be executed over three years.
Iran’s First Vice President, Mohammadreza Aref, announced the country’s readiness to export petrochemicals to Africa in support of the continent’s industrial growth.
Dragon Oil concluded its participation at GOTECH 2025 with signing key strategic agreements and memoranda of understanding (MoUs), reinforcing its global expansion and leadership in the energy sector.
SLB announced the financial results of Q1 2025, showing that its revenues recorded $8.49 billion compared to $8.7 billion during the same period in 2024, the company said in a statement.
