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.
Saipem signed a MoU with Geolog and Ignis H2 Energy to advanced technological solutions and conduct feasibilities studies for new geothermal plants in order to obtain clean and renewable energy, in Italy and on a global scale.
Chevron Canada Limited, a subsidiary of Chevron Corporation, has signed a definitive agreement to sell its 20% non-operated interest in the Athabasca Oil Sands Project and its 70% operated interest in the Duvernay shale, along with related assets, to Canadian Natural Resources Limited. These assets are all located in Alberta, Canada.
Saipem has announced in cooperation with Nel ASA a scalable and modular 100 MW green hydrogen solution aimed to advance decarbonization of hard-to-abate industries and renewable hydrogen production.
