bp and Shell have agreed terms for Shell to acquire a 50 per cent stake in the Tupinambá exploration block in the Santos Basin, offshore Brazil, in addition to a 30 per cent stake in five leases containing the Conifer exploration prospect in the deepwater Gulf of America Paleogene.
Shell has completed its acquisition of Canadian energy company ARC Resources in a deal valued at approximately $16.5 billion, adding 370,000 barrels of oil equivalent per day and strengthening its upstream portfolio in Alberta and British Columbia.
TotalEnergies has completed its December 2025 transaction with Galp covering three Namibian exploration licences, acquiring a 40 per cent operated stake in PEL83 while transferring interests in PEL56 and PEL91 to Galp.
China-based Sungrow, a global leader in solar energy, has launched its 10GWh energy storage manufacturing facility in Egypt's Suez Canal Economic Zone, with operations set to begin in June 2027.
Rising energy demand and the rapid advance of artificial intelligence are reshaping the global energy sector, requiring countries to build cleaner, smarter and more resilient power systems, a senior UAE energy official said on Wednesday.
The US military escorted 40 commercial vessels carrying about 18 million barrels of oil through the Strait of Hormuz on Tuesday, a wartime record, as Washington and Tehran traded their heaviest blows in weeks, CNN reported, citing two US officials familiar with the operation.
PVFARM has launched the commercial version of Re Pilot, its platform for utility-scale solar + energy storage project optimisation. Re Pilot enables developers, EPCs and storage specialists to evaluate thousands of utility-scale solar and co-located solar-plus-storage configurations in a single workflow.
Alfa Laval has unveiled at SMM 2026 “Hukka-5”, the next-generation exhaust gas steam boiler designed to enhance waste heat recovery on cruise vessels and passenger ferries.
Sabic and Lenovo have signed an MoU to explore strategic collaboration on industrial innovation and advanced technology development. Signed September 1 during LEAP in Riyadh, the agreement aims to combine expertise, accelerate knowledge transfer and support Saudi Arabia’s industrial transformation.
Air Products has expanded the hydrogenation capabilities of its Chemicals and Refinery Process Lab at its Global Corporate Headquarters in Allentown, Pennsylvania, strengthening its support for customers across refining, chemicals, pharmaceutical, and flavours and fragrances industries.
