EIG Global Energy Partners’ MidOcean Energy said it has entered into definitive agreements to invest in Petroliam Nasional Bhd’s (Petronas) Canadian businesses, including by acquiring a stake in the recently fired up LNG Canada.
The 100% BP‑owned project will include a floating production platform with capacity to produce 80,000 barrels of oil per day, linked to six wells in the Tiber field and a two‑well tieback from the Guadalupe field.
The Trump Administration is working toward the goal of keeping Kurdistan’s crude flowing in the long term to boost the Iraqi economy, counter Iran’s influence in the region, and benefit U.S. companies operating in Iraq, according to the official.
Iraq could ramp up its crude oil exports by some 250,000 barrels daily as it saves this amount from local consumption with the help of several solar power projects.
The news comes as unnamed sources told Reuters this week that Shell and its partners at LNG Canada were still having trouble ramping up output from the first train of the facility. Train 1 has been having technical difficulties since June, the Reuters sources told the publication, which has meant it was operating at less than half of its capacity, which is also 6.5 million tons annually.
EnerMech has won a significant contract to provide subsea pre-commissioning and specialist services for a major offshore gas development in Australia’s East Browse basin. The work will support the second phase of the project’s installation campaign, scheduled between October 2025 and April 2026.
The alliance brings together SLB’s digital and domain expertise in subsurface, subsea, surface production and recovery with SBM Offshore’s digital and full FPSO lifecycle capabilities. The companies will leverage their respective digital capabilities to create an AI-powered digital ecosystem that enhances FPSO digital asset management – improving uptime performance and reducing total cost of ownership for offshore operators.
The Bifrost Project, which comprises two CO2 offshore storage licenses located approximately 200 kilometers west of the Danish coast, is part of TotalEnergies’ North Sea CCS portfolio.
The Coral Norte FLNG Project is located offshore Mozambique’s Cabo Delgado province in the Area 4 concession of the gas-rich Rovuma Basin. It will produce LNG from the Coral Norte FLNG vessel, designed with a liquefaction capacity of 3.5 million tonnes per year (tpy) and expected to begin operations in 2028.
The Ghana National Petroleum Corporation (GNPC) has hosted its maiden Vendor Engagement Seminar, reaffirming its commitment to strengthening local content and participation in Ghana’s oil and gas industry.