Business/economics
While often associated with smaller discoveries, subsea tiebacks are playing a growing role in contributing to the broader energy mix.
The Houston-based enhanced geothermal developer scored $1.9 billion in an initial public offering, positioning it to expand projects in Utah and Nevada.
Equinor generated its first revenue from the Adura joint venture with Shell, formed in late 2025, highlighting strong early cash flow from key UK fields including Mariner and Buzzard.
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The oilfield service company said its emissions reductions are thanks in part to the increased use of renewable energy and operation efficiencies. -
The companies also agreed to collaborate on new AI models to unlock further insights from S&P Global Energy’s upstream data.
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After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets.
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Saipem can begin early subsea engineering on ExxonMobil’s Longtail project in Guyana under a Limited Notice to Proceed, while the operator awaits final investment decision and government sign-off.
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A Dallas Fed survey update suggests few executives foresee a strong US production response, even with oil prices above $90/bbl.
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Under the agreement, Trafigura will pay Gabon $1 billion for future crude export deliveries over 7 years.
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The country’s foreign investment bid comes as Sonatrach launches its largest capital expenditure outlay—$60 billion to be spent from 2026 to 2030.
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Fervo Energy and Vallourec have signed a 5‑year supply agreement to support large‑scale deployment of next‑generation geothermal across the US, establishing a fully domestic supply chain for geothermal well components.
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War‑related infrastructure damage is beginning to influence global energy supply chains in ways that could reshape project development and capacity growth.
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Sulzer and JSIL are teaming up to provide the service for oil and gas, power generation, and industrial operations.
