News / International

TotalEnergies Accelerates AI Adoption in Upstream Activities

TotalEnergies, a major energy company, has entered a new phase of its partnership with industrial artificial intelligence (AI) specialist Cognite, signing a three-year program to deploy Cognite’s data and AI platform across all its operated Exploration and Production (E&P) assets worldwide. The initiative aims to integrate the technology across the value chain, from drilling through to production, with the goal of improving efficiency, reliability, and sustainability.

Iraq Resumes Crude Exports from Kurdistan via Turkey

Iraq has resumed crude oil exports from the Kurdistan Region through the Iraq–Turkey pipeline after a halt since March 2023. The resumption began early Saturday, September 27, 2025, under directives from Prime Minister Mohammed Shia al-Sudani, according to Iraq's Oil Ministry.

Eni Taps Dual Exploration Model with 30% Baleine Stake Sale to Vitol

Eni has finalized the sale of a 30% stake in Côte d’Ivoire’s Baleine project to Vitol, the company confirmed. Following the transaction, the ownership of the country’s flagship offshore development will be divided between Eni (47.25%), Vitol (30%), and state-owned Petroci (22.75%).

Norway’s Askeladd Vest Field Starts Production, Enhancing LNG Supply to Europe

Equinor revealed that production has begun at the Askeladd Vest subsea field in the Barents Sea, marking a boost to long-term gas supplies for Norway’s Melkøya liquefied natural gas (LNG) plant. The development, which came on stream on September 19, includes two wells installed in a new subsea template and tied back to the Askeladd field that started producing in 2022.

SLB to Acquire RESMAN, Boosting Reservoir Surveillance and Recovery Solutions

SLB, a major technology company, has signed a definitive agreement which is the final, legally binding contract between parties in for acquisition or major transaction, to take over RESMAN Energy Technology.  RESMAN is a specialist in wireless reservoir surveillance solutions and it is known for its advanced chemical tracer systems, which allow energy operators to track the movement of water, gas, oil, and CO₂ in reservoirs with exceptional accuracy.

IGU: Heatwaves in Asia, North America Drove Up Global Gas Demand in 2024

Global natural gas demand rose to 4,122 billion cubic meters (Bcm) in 2024, marking a 1.9% year-on-year increase, driven mainly by strong consumption in Asia and North America. This growth was fueled primarily by the power generation sector, with extreme summer heatwaves boosting gas-fired electricity needs, according to the International Gas Union’s (IGU) Global Gas Report 2025.

Aramco Wraps Up $3 Billion Global Sukuk Deal

Saudi Aramco, a leading global energy and chemicals company, has finalized a $3 billion international Sukuk offering split into two tranches. Priced on September 10, 2025, the securities are now listed on the London Stock Exchange.

Eni, OCTP Partners Join Forces with Ghana to Power Energy Growth, Sustainability

Eni and its Offshore Cape Three Points (OCTP) project partners, Vitol and the Ghana National Petroleum Corporation (GNPC), have signed a Memorandum of Intent with the Government of Ghana, to boost oil and gas production while advancing new sustainability initiatives. The deal outlines a plan to explore a holistic investment strategy that will help advance Ghana’s goals of ensuring reliable, affordable, and environmentally responsible energy.

Baker Hughes Secures Deal with Halfaya Gas to Drive Flare Reduction Initiative in Iraq

During the 2025 Gastech Exhibition and Conference, Baker Hughes inked an agreement with Iraq’s Halfaya Gas Company (HGC) to expand cooperation on a flare gas recovery project at the Bin Umar gas processing facility in southeastern Iraq. The initiative aims to cut upstream flaring substantially and convert waste gas into useful products, said the company in a statement.

Global Oil Production Decline Rate Speeds Up: IEA

The global average decline rate of oil and gas fields' production has accelerated sharply, driven by increased dependence on shale and deepwater resources, according to a report released by the International Energy Agency (IEA). This decline has forced companies to put in far greater effort to sustain current production levels.

Page 9 of 1121

Popular Tags

Login

Welcome! Login in to your account

Remember me Lost your password?

Lost Password