Month: July 2026

Baker Hughes has completed its acquisition of Chart Industries, creating a new operating segment that expands the company’s portfolio in LNG, gas infrastructure and industrial energy technologies while targeting $325 million in annual cost synergies.

A new UK training program will allow experienced oil and gas technicians to transition between offshore hydrocarbons and offshore wind, supporting workforce mobility while preserving critical skills across the offshore energy sector.

Halliburton has won a long-term contract to support Aramco’s Jafurah unconventional gas development, where it will deploy Saudi Arabia’s first fully integrated intelligent hydraulic fracturing platform beginning in the third quarter of 2026.

Aker BP narrowed its 2026 production guidance after a strong second quarter, while advancing key offshore developments including Yggdrasil, Valhall PWP-Fenris and Johan Sverdrup Phase 3 toward planned 2027 start-ups.

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The European Commission plans to issue guidance delaying penalties tied to the EU’s methane emissions regulation for oil and gas imports. The move comes amid concerns from LNG suppliers and member states that the rules could disrupt energy supplies and increase compliance challenges.

SLB and Liberty Energy are expanding into the AI infrastructure market through a new partnership to deliver modular data center systems and natural gas-fired power, leveraging oilfield expertise to meet growing global demand for AI computing.

A coalition of UK energy producers, manufacturers, trade unions and industry groups has urged Labour MPs to support North Sea oil and gas production, arguing domestic energy development is essential for energy security, industrial competitiveness and long-term economic growth.

The Republic of Congo has appointed Franc Mouzabakani as Director General of the Upstream Petroleum Sector, strengthening leadership as the country targets 500,000 bpd of oil production through offshore developments, exploration and increased upstream investment.

Unity has entered the Asia-Pacific market after securing its first Malaysia rigless well intervention and P&A contract. Partnering with Reservoir Link, the company will deploy its Surface Intervention System on a three-well offshore campaign aimed at reducing intervention costs and supporting mature asset decommissioning.