TotalEnergies and partners SOCAR and XRG have taken the final investment decision for the full development of Azerbaijan’s Absheron gas field. The project is expected to start up in 2029, increasing production to 6 billion cubic metres of gas annually and 47,000 barrels per day of condensate.
Expro has secured a multi-product line contract to support a major Canadian operator’s life-extension campaign offshore Newfoundland, with work expected to begin in the first quarter of 2027.
Worley has secured a five-year renewal of its engineering, procurement and construction (EPC) framework agreement with CNOOC International’s UK business, extending a 12-year partnership supporting offshore operations in the UK Continental Shelf.
Oil prices climbed sharply on Monday, with Brent crude rising $2.59 to around $106.90 a barrel, as uncertainty over US-Iran diplomacy renewed concerns about the future of oil shipments through the Strait of Hormuz.
Oil exports through the Strait of Hormuz are rebounding this month despite continued restrictions on shipping, with Saudi Arabia sharply increasing shipments through the strategic waterway after attacks disrupted its main pipeline route to the Red Sea, according to data from energy intelligence firm Kpler.
SLB has secured four integrated well construction contracts from Aramco covering more than 450 wells across Saudi Arabia over three years, with an option for a two-year extension, supporting the Kingdom’s ongoing oil and gas development programmes.
The African Development Bank Group has called for clean cooking to be treated as a development priority and placed at the centre of Africa’s energy transition, as nearly one billion people across the continent continue to lack access to clean cooking solutions.
Al Maha Petroleum Products Marketing Companyhas received the “Excellence in Fuel Marketing” award at the Alam Al Iktisaad Magazine Awards for Best Performing Companies 2026.
Aggreko has restored critical cooling capacity at a Dutch gas manufacturing facility after a fire destroyed the site’s cooling towers, helping the plant maintain production during a summer heatwave.
The US sustainable aviation fuel (SAF) market is entering a period of technological expansion and policy uncertainty, with new alcohol-to-jet (AtJ) and power-to-liquid (PtL) projects expected to shape production over the coming decade, according to IDTechEx.
