ADNOC has awarded McDermott an engineering, procurement, construction and installation (EPCI) contract valued at more than $1 billion for an offshore pressure boosting facility at the Umm Shaif field in Abu Dhabi.
The U.S. threatened economic penalties against countries that continue doing business with Iran, escalating pressure on Tehran after nearly six months of war and putting major buyers of Iranian oil under greater scrutiny.
TotalEnergies will invest in two major oil pipelines designed to bypass the Strait of Hormuz, backing Abu Dhabi’s expansion of its Fujairah export route and a planned pipeline carrying Iraqi crude through Syria to the Mediterranean.
JP Morgan and Santander will lead a fundraising operation for Argentina LNG, Bloomberg has reported, citing unnamed sources who said the total could reach $15 billion. One of these told the publication the companies involved in the project aimed to make a final investment decision by November.
DNV has agreed to acquire Equinor’s WellSpot digital technology and will commercialize the platform as Wellhead Fatigue Manager, expanding its capabilities for monitoring and managing fatigue across the lifecycle of subsea wells.
Dangote Group has offered East African countries a 30% equity stake in its planned Lamu refinery, reports Bloomberg. The refinery will be located on Lamu Island, off the coast of Kenya.
CB&I’s Asset Solutions business has secured a three-year contract to provide operations and maintenance services for an FPSO offshore Côte d’Ivoire, expanding the company’s presence in West Africa.
Ghana: Jubilee Field Crude Oil Production Rises To 76,032 bpd In June From 67,256bpd In January 2026
Crude oil production from Ghana’s Jubilee Field increased in the first half of 2026, although output fluctuated during the period, data from the country’s upstream petroleum regulator showed.
Ghana’s Energy Ministry approved the Brazilian state-controlled company’s application to negotiate exploration contracts.
The new Nigerian incentives for offshore oil and gas projects have the potential to attract $50 billion in new investment in Nigeria’s offshore energy sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC)