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Azerbaijan andc discuss development of oil and gas cooperation

Azerbaijani Deputy Prime Minister Shahin Mustafayev met with Iranian Oil Minister Mohsen Paknejad in Tehran, APA’s Tehran bureau reports. Shahin Mustafayev, who is visiting Tehran, and the delegation accompanying him met with Mohsen Paknejad today as part of the visit and discussed prospects for the development of bilateral cooperation. During the meeting, the existing opportunities […]

Kazakhstan and Germany will cooperate on oil and gas supplies to Europe

Kazakhstan and Germany plan to cooperate on energy security, including oil and gas supplies to Europe, it is noted in a declaration adopted by the presidents of Kazakhstan and Germany, Kassym-Jomart Tokayev and Frank-Walter Steinmeier, following the Kazakh leader’s official visit to Berlin, APA reports. “The presidents welcome close cooperation to strengthen energy security and […]

Gas projects must deliver faster to attract investment – Schneider

West Africa’s push to expand natural-gas production is entering a phase where the ability to build infrastructure and deliver projects on schedule may be as important as the region’s reserves, according to Regional Segment Leader for Energies and Chemicals at Schneider Electric West Africa, Iretomiwa Odusote. The comments come as Nigeria advances a new wave […]

Monumental Energy identifies New Zealand gas targets in Taranaki basin

Monumental Energy Corp. has identified two gas-condensate prospects within its pending Tirua Petroleum Exploration Permit application in New Zealand’s Taranaki basin following reinterpretation of subsurface data from the acreage. The company applied for PEP 61554 in early 2026, covering a 254-sq-km area spanning onshore and offshore acreage in the northern Taranaki basin. The application remains […]

MidOcean Energy joins LNG Canada Phase 2 following FID

MidOcean Energy will participate in Phase 2 of the LNG Canada project through its partnership with PETRONAS following a final investment decision (FID) by the project’s joint venture partners.   Phase 2 will add two liquefaction trains at LNG Canada’s facility in Kitimat, British Columbia, doubling production capacity from 14 million tonnes per annum (MMtpa) […]

U.S. to release another 40 MMbbl from reserve as fuel prices surge

The U.S. ordered another release of oil from emergency reserves—and urged European nations to do likewise—as the Trump administration grapples with fuel prices that are surging less than two months before the midterm elections.   The U.S. will offer up to 40 MMbbl from the Strategic Petroleum Reserve, according to a statement from the Department […]

SLB OneSubsea wins ExxonMobil subsea systems contract for Rovuma LNG

SLB’s OneSubsea joint venture has been awarded a contract by ExxonMobil Moçambique, Limitada to supply subsea production systems for the first phase of the deepwater Rovuma LNG development offshore Mozambique. ExxonMobil awarded the contract on behalf of the Area 4 partners, which include ENH, CNPC, Eni, KOGAS and XRG. The scope covers subsea trees, manifolds, […]

Unity launches compact BOP valve for space-constrained offshore wells

Unity has launched an ultra-compact blowout preventer (BOP) valve designed to enable well intervention in space-constrained offshore environments where conventional BOP systems cannot be deployed.   The new Unity Qb valve measures approximately one-third the width of conventional BOP systems and is rated to 10,000 psi. The technology is designed for wireline, slickline and coiled […]