Category: Uncategorized

Following Andy Burnham’s appointment as UK prime minister, the Aberdeen & Grampian Chamber of Commerce urged the new government to approve key North Sea projects, reform oil and gas taxation and accelerate energy investment while supporting the UK’s energy transition.

Oceaneering has secured a five-year asset integrity services contract with a Qatar-based oil company, providing inspection, non-destructive testing and digital integrity management solutions to support production reliability and regulatory compliance.

The U.S. and Iran exchanged new strikes over the weekend, raising tensions across the Middle East and increasing risks to oil markets, commercial shipping and energy infrastructure. The latest escalation comes as attacks near the Strait of Hormuz continue to support higher crude prices.

A London industry showcase scheduled for July 30 will highlight investment opportunities across Venezuela’s oil and gas sector ahead of Venezuela Energy Week 2026, bringing together investors, operators and energy executives to discuss upstream development and commercial opportunities.

ConocoPhillips has agreed to acquire a 42% interest in bp’s Kirkuk joint venture, supporting the redevelopment of four producing oil fields in northern Iraq. The project includes more than 3 Bboe of recoverable resources and additional exploration potential.

PETRONAS Carigali has signed a third joint development agreement with Tridiagonal.ai and IBM Malaysia to expand its TriCipta AI initiative, advancing AI-driven production optimization, maintenance reliability and asset integrity across upstream operations.

Fluor has agreed to sell its equity stake in the ICA-Fluor Daniel joint venture to partner ICA for $175 million, ending a more than 30-year partnership that supported oil and gas, power, mining and industrial projects across Mexico.

CB&I has secured a long-term contract from EnQuest to continue serving as duty holder for the Kittiwake platform in the UK North Sea through cessation of production and decommissioning.

Halliburton has secured multi-year contracts from Aramco covering approximately 285 onshore wells in Saudi Arabia, expanding its integrated drilling, completions and workover services in the Kingdom.

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.