Halliburton has been awarded a multi-year agreement by Kuwait Oil Company (KOC) to support development of the Ahmadi Innovation Valley (AIV), a research and development center designed to accelerate technology innovation across Kuwait’s upstream oil and gas sector.
Velesto Energy Berhad has been awarded a contract valued at approximately $51 million by Hess Exploration and Production Malaysia B.V., a wholly owned subsidiary of Chevron, to provide integrated rig, drilling and completion (i-RDC) services for Chevron Malaysia’s North Malay Basin Full Field Development campaign.
TGS has begun Phase 2 of its Orphan3D pre-stack depth migration (PSDM) reprocessing project offshore Newfoundland and Labrador, upgrading approximately 13,300 km² of 3D seismic data to support exploration in one of the North Atlantic’s most prospective offshore basins.
Capstone Energy+ has signed a 36-month lease agreement with Maurel & Prom to supply a C600 Signature Series microturbine for a flare gas recovery project at the operator’s onshore oilfield in Gabon.
Brent oil advanced to the highest since early June as traders weighed threats to maritime traffic that span from the Strait of Hormuz and the Red Sea to a key Kazakh export terminal on Russia’s coast. The global benchmark rose 2% to settle around $91 a barrel as the US conducted a 10th straight day […]
Chevron has shut in production at its Petronius facility in the U.S. Gulf and evacuated all associated personnel to shore as Tropical Storm Bertha approaches the northern Gulf Coast. The company said production from its other operated Gulf of America assets remains at normal levels. Chevron has also transported nonessential personnel from its Tubular Bells and Blind Faith […]
The International Energy Agency (IEA) said escalating hostilities affecting the Strait of Hormuz and regional energy infrastructure continue to raise concerns about global energy security, but alternative supply routes, higher exports from producers outside the Gulf and coordinated emergency stock releases have helped keep crude markets supplied. In a statement Tuesday, IEA Executive Director Fatih Birol said the conflict […]
African Export-Import Bank (Afreximbank) has approved a $200 million financing facility to support Shoreline Power Company Limited and Arkad SpA’s participation in the Hassi Bir Rekaiz (HBR) Phase 2a field development project in Algeria, one of the country’s largest upstream infrastructure developments. The financing will support Arkad’s 44% share of the $980 million engineering, procurement and construction (EPC) contract […]
The African Energy Chamber (AEC) is calling on international operators, investors and technology providers to expand their presence in Venezuela as the country advances reforms aimed at reopening its oil and gas sector and attracting new upstream investment. The organization said Venezuela’s regulatory changes, including reduced fiscal burdens, expanded production-sharing mechanisms, stronger arbitration protections and increased operational […]
Halliburton reported second-quarter 2026 revenue of $5.7 billion, up from $5.4 billion in the first quarter, as stronger North American stimulation and well construction activity helped drive sequential growth. Net income totaled $534 million, or $0.64 per diluted share, while operating income increased to $778 million. Chairman, President and CEO Jeff Miller said the company expects continued momentum in […]