Singapore-based Keppel Ltd. will progressively monetize up to 10 legacy offshore rigs through a newly established private investment vehicle, Keppel Offshore Fund (KOF), in a move that reflects strengthening fundamentals in the global offshore drilling market.
Proserv has established a local operating presence in Brazil as the controls technology company expands its support for one of the world’s largest offshore oil and gas markets.
Baker Hughes has secured a major order from Dynamis Power Solutions to supply 76 NovaLT™16 industrial gas turbines for mobile power generation units supporting data centers and oil and gas applications across North America.
Prime Minister Mark Carney rejected the notion that Canada should curb the supply of vital resources to the U.S. to retaliate against tariffs, arguing that it’s more important for the country to keep its reputation as a dependable producer.
Tunisia has reportedly resumed receiving Russian petroleum deliveries through the Port of La Skhira, marking a renewed flow of Russian oil products after the country gradually reduced imports of Russian diesel during 2025.
Saipem has secured approximately US$930 million (€800 million) in new contracts from Eni, led by work on the third development phase of the Baleine oil and gas field offshore Ivory Coast.
Exploratory drilling in the Voltaian Basin is expected to begin in fourth quarter-2026, reviving a long-delayed project that government hopes will unlock new hydrocarbon reserves and help stem Ghana’s declining crude oil production.
PetroChina Co. is weighing options to sell part of its shares in LNG Canada Development Inc. to help fund a planned expansion, according to people familiar with the matter.
bp has agreed to bring Türkiye Petrolleri Anonim Ortaklığı (TPAO) into its Kirkuk redevelopment project in northern Iraq, with the Turkish national oil company acquiring a 15% interest in BP Energy Company of Kirkuk Limited (BP ECKL).
Kistos maintained its full-year 2026 production guidance following strong operational performance during the first half of the year, while advancing development projects in the North Sea and progressing acquisitions of upstream assets in Oman.