Chevron has donated $250,000 to support relief and recovery efforts in Florida following the devastation caused by Hurricane Milton. This contribution is part of Chevron's efforts to assist in the aftermath of hurricanes, having previously donated a similar amount to aid the recovery from Hurricane Helene in the Southeast.
Chevron plans to ramp up production on the New Mexico side of the Permian Basin, one of the most prolific oil and gas regions in the US.
Sonatrach has signed two memorandum of understanding (MoU) with some international companies to jointly conduct the necessary studies to assess the viability and profitability of an integrated project to produce green hydrogen in Algeria aimed to supply the European market.
Baker Hughes announced an agreement signed with Repsol to develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution.
Nigerian independent oil producer Belemaoil Producing Ltd. has resumed operations at its Oil Mining Lease 55 (OML 55) after a three-year shutdown. The resumption of operations was marked by the arrival of the first floating oil storage vessel at OML 55 on October 6, which the company described as "a major milestone in the company's efforts to restart production."
Oman LNG has signed a Sales and Purchase Agreement (SPA) with Japanese Kansai Electric Power FTS PTE. Ltd. for the delivery of 0.4 million metric tons per year (MTPA) of LNG over the period of four years starting in 2026.
Baker Hughes has reported a record in its Integrated Compressor Line (ICL) technology, stating to have achieved its largest order ever with Dubai Petroleum Establishment (DPE), for and on behalf of Dubai Supply Authority (DUSUP). The scope of work includes 10 ICL units to be installed at Margham Gas storage facility in Dubai.
QatarEnergy has signed a 20-year agreement with Singapore-based Shell International Eastern Trading Company for the supply of 18 million tons of naphtha starting in April 2025.
CNOOC commenced production at Bozhong 19-2 Oilfield Development Project with an estimated peak production of approximately 18,000 barrels of heavy crude oil per day. Located in central Bohai Bay, the project has a total of 59 development wells to be commissioned, including 34 production wells and 25 water-injection wells.
TechnipFMC secured an integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract for BP’s greenfield Kaskida development in the Gulf of Mexico. The scope of work covers the design and manufacture of subsea production systems, including 20,000 psi standardized subsea trees and manifolds, plus the installation of subsea umbilicals, risers, and flowlines.
