News / International

Energean Says Its Egyptian Platforms Hold 3tcf of Gas

Energean, an international hydrocarbon exploration and production company, estimated the overall potential gas reserves in its Egyptian platforms at an additional 3 trillion cubic feet (tcf) , Mathios Rigas, the company’s CEO told Reuters.
The company fully owns Abu Qir, North East Almreya, and North Idku concessions, with minority stakes in East Bir El Nems and North East Hap’y concessions. Energean also reported a revenue decline in H1 2025 compared to the same period last year.

Iraq Strengthens Energy Ties with Oman, Turkmenistan

Iraq is stepping up its regional energy strategy through new agreements and projects aimed at bolstering oil and gas exports and expanding domestic power generation.

Baker Hughes to Invest Nearly €300mn to Develop its Facilities in Italy

At the Gastech Exhibition and Conference in Milan, Baker Hughes unveiled a plan to allocate around EUR 300 million over the next five years to upgrade and expand its facilities and plants in Italy. The initiative is intended to address the growing global demand for the company’s technology solutions that promote safe, reliable, and sustainable energy production.

World Oil Production Expected to Increase to 105.8 mmbl/d in 2025: IEA

The International Energy Agency (IEA) forecasted a rise in global oil production by 2.7 million barrels per day (mmbl/d), to record 105.8 mmbl/d in 2025, as a reflection of the OPEC+ decision to ease back its earlier oil production cuts.

Halliburton Launches New Smart Technology to Upgrade Well Control

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, PETRONAS Ink SPA Agreement for LNG Supply

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.

ADNOC Gas to be listed on FTSE Emerging Index, Attracting Investment Flows Over $250MN

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).

OPEC+ to Raise Oil Production by 137,000 bbl/d in October

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.

SOMO Negotiates with Exxon for Storage Space in Singapore

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, SAPETRO Sign PSC for Nigerian Offshore Blocks

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%.

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