Eni, the oil and gas major, announced that its oil and gas production has recorded 1.76 million barrels of oil equivalent (mmboe/d) in the third quarter (Q3) of 2025, jumping 6% compared to Q3 2024 and 5% compared to quarter two (Q2) 2025.
Iraq’s Ministry of Oil highlighted that the Kirkuk Fields Development Project will raise oil and gas production and curb flaring through effective investment, with the Ministry noting that it will also help drive economic activity in the surrounding areas.
The financial results of Saipem, the global leader engineering and construction company, showed an increase in revenues by 1.6% in Q3 2025, reaching €3.8 billion compared to €3.71 billion in Q3 2024
U.S. President Donald Trump announced on Wednesday Ukraine-related sanctions for the first time in his second term, blacklisting Russian oil major companies Lukoil and Rosneft amid growing frustration with President Vladimir Putin over the war, Reuters reported.
bp confirmed a significant gas condensate discovery at the Volans-1X exploration well in Namibia’s Orange Basin, marking the company's eleventh exploration success this year. The well, drilled in Petroleum Exploration License 85 (PEL85), strengthens bp’s growing exploration record for 2025.
U.S. President Donald Trump reaffirmed that Indian Prime Minister Narendra Modi told him India will stop buying Russian oil, while warning that New Delhi would continue paying "massive" tariffs if it did not, Reuters reported.
Trump’s stance comes amid rising tensions over trade and energy policy. Russian oil has been a major sticking point in US-India trade talks, with roughly half of Trump’s 50% tariffs on Indian goods reportedly being in retaliation for India’s oil purchases from Moscow. Washington argues these purchases help finance Russia’s war in Ukraine. India has become the largest buyer of discounted Russian crude since the 2022 invasion of Ukraine.
Halliburton and Aker BP, one of the largest independent upstream producers, successfully completed the first subsea operation on the Norwegian continental shelf using the Enhanced Remote Operated Control System (eROCS) and Optime Tubing Hanger Orientation System (OTHOS).
SLB, the global technology leader in oilfield services and energy transition, announced a 4% increase in revenues in the third quarter (Q3) of 2025, reaching $8.93 billion (Bn) compared to quarter 2 (Q2) 2025. However, revenues declined by 3% year on year (YoY).
Energean Italy has resumed production at the Rospo Mare field in the Adriatic Sea, which had been shut down since January 2025 following a platform fire. Production at the field, located 20 kilometers (km) offshore from Termoli and Vasto, restarted on October 12
Abu Dhabi National Oil Company (ADNOC) is close to securing European Union (EU) approval for its €14.7 billion ($17 billion) (Bn) acquisition of German chemicals producer Covestro. The European Commission, which is reviewing the deal amid concerns over potential state subsidies, is expected to request minor adjustments to the remedies ADNOC proposed earlier this month before formally approving the transaction. The acquisition marks ADNOC’s largest-ever purchase.
