Equinor and Aker BP have launched a strategic collaboration to accelerate the development of tight oil and gas reservoirs on the Norwegian continental shelf, aiming to improve recovery rates, reduce costs and make more discoveries commercially viable.
Eni has signed engineering, procurement, construction and drilling contracts for the Cronos gas project offshore Cyprus, marking the start of its execution phase and a significant step towards commercialising the country’s first gas development.
The Pvt Dpt – LNG Fund (CEIC) IC, targeting $1.2 billion, has been launched in Abu Dhabi by the Private Department of Sheikh Mohammed bin Khalid Al Nahyan, together with its affiliate KSH Investments.
ADNOC Drilling reported record revenue of $3.7 billion and net profit of $1.07 billion for the first nine months of 2026, as it launched its Drill-to-Operate strategy to expand services across the well lifecycle and diversify revenue streams.
NMDC Energy, a majority-owned subsidiary of NMDC Group, reported a 9 per cent year-on-year increase in revenue to AED14.2 billion ($3.9 billion) for the nine months ended 30 September 2026, with net profit reaching AED420 million.
Cargostore Worldwide’s LiftaLoo offshore welfare unit has won the People First Award at the fifth annual Global Offshore Wind Awards, organised by RenewableUK in London, recognising efforts to improve health, safety and wellbeing in offshore wind operations.
South Africa’s Adroit Technologies and Nigeria-based Aril Technologies are strengthening operational safety, efficiency and regulatory compliance in Nigeria’s oil and gas sector through the deployment of advanced supervisory control and data acquisition (SCADA) technology.
Aquaterra Energy, a provider of intelligently engineered products and services for well access and offshore developments, has completed the first phase of a fast-track offshore platform project in Nigeria for Emadeb Energy, an indigenous Nigerian oil and gas company.
Joint Oil Exploration, Exploitation and Petroleum Services Company (Joint Oil) has confirmed that its bid round for the Joint Oil Block and Zarat Discovery remains open until December 31, 2026, offering investors opportunities in offshore exploration and cross-border oil and gas development.
US tax credit changes are reshaping the outlook for wind and solar projects, with tighter deadlines, eligibility rules and supply chain requirements. GlobalData says the 2025 legislation makes construction timelines and completion dates critical for securing incentives.
