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SLB and Ormat Deepen Alliance to Advance Geothermal Energy
November 6, 2025
Global energy technology company SLB and leading geothermal and renewable energy company Ormat Technologies entered into an agreement to fast-track the development and commercialization of integrated geothermal assets, including enhanced geothermal systems (EGS). EGS is the next generation of geothermal
Chemical Group SNF Acquires Permian’s Obsidian Chemical Solutions
October 13, 2025
SNF has acquired Obsidian Chemical Solutions, a leading provider of specialty chemical solutions primarily for completion operations to the oil and gas industry. “SNF Oil & Gas is committed to enhancing our infrastructure to meet customer service and product requirements.
TechnipFMC Awarded Subsea Production Systems Contract by Petrobras
October 10, 2025
TechnipFMC has been awarded a significant contract, following a competitive tendering process, for subsea production systems by Petrobras. TechnipFMC will design, engineer, and manufacture subsea production systems to be deployed in an array of greenfield developments, brownfield expansions, and asset
New Zealand Reverses Decision on Oil and Gas Exploration Ban
September 29, 2025
New Zealand’s government has passed a bill to reverse the ban on new offshore oil and gas exploration permits that had been in place since 2018. The vote took place on July 31 and passed with 68 votes to 54.
Nippon Steel Settles Disputes with USW, Cliffs Over U.S. Steel Deal
September 4, 2025
Nippon Steel said on Wednesday it has resolved all legal disputes with the United Steelworkers union and steelmaker Cleveland-Cliff tied to its $14.9 billion acquisition of U.S. Steel, which closed in June. The settlement includes the dismissal of a lawsuit
ExxonMobil Starts Production from Yellowtail Development, Offshore Guyana
August 29, 2025
ExxonMobil Guyana started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above
Centrica Enters Long-term Natural Gas Sale and Purchase Agreement with Devon
August 18, 2025
Centrica confirmed that its trading arm, Centrica Energy, has entered into a natural gas sale and purchase agreement with US-based Devon Energy. Under the agreement, Devon Energy will supply 50,000 (MMBtu) per day of natural gas over a 10‑year term starting
Aramco Inks $11 Billion Midstream Deal with Global Infrastructure Partners
August 15, 2025
Aramco has signed an $11 billion lease and leaseback deal involving its Jafurah Gas Processing Facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock. Jafurah is the largest non-associated
NEO Energy to Acquire Gran Tierra Energy’s North Sea Unit for $7.5 Million
July 25, 2025
NEO Energy has signed an agreement to acquire Gran Tierra North Sea Limited (GTNSL), a 100 percent owned subsidiary of Gran Tierra Energy for $7.5 million. GTNSL holds a 100 percent equity interest in UKCS licence P2358 which includes the
Venture Global and Securing Energy for Europe Expand LNG Partnership
July 16, 2025
Venture Global and Securing Energy for Europe (SEFE) have finalized an agreement where SEFE’s subsidiary SEFE Energy will purchase an additional 0.75 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project, for
