Oil and Gas • Industry • News

ADNOC has taken a positive FID on the SARB Deep Gas Development offshore Abu Dhabi in pursuit of gas self-sufficiency and greater exports.

Corteva and BP have launched Etlas, a JV to supply biofuels feedstocks for SAF and renewable diesel by 2027.

Shell has acquired stakes in two offshore blocks in Angola from Chevron, advancing its exploration and production plans.

TechnipFMC has secured a USD 600 million-800 million contract from BP for subsea work on the Tiber project in the US Gulf of Mexico.

Petrobras has started production from the P-78 FPSO at Brazil’s Búzios 6, adding 180,000 barrels per day to national output.

Qatar will supply up to 24 LNG cargoes to Egypt for the 2026 summer period, with deliveries to the Ain Sokhna and Damietta terminals.

Saipem has secured a $425-million offshore contract from Turkish Petroleum for pipeline works at the Sakarya gasfield in Turkey.

Occidental has sold its OxyChem chemicals business to US player Berkshire Hathaway for $9.7 billion.

IndianOil has purchased 2 million barrels of crude from Ecopetrol under an optional supply contract to offset Russian imports.

Saipem has secured two offshore contracts from Aramco worth $600 million for pipeline construction and subsea works.