Oil and gas contracts value reports increase in Q1 2026
Global oil and gas contracts reported a quarter-on-quarter increase of 13% in total disclosed value in Q1 2026, as compared to Q4 2025. However, the number of contracts decreased by 21% in Q1 2026, as compared to Q4 2025. Some notable contracts awarded during Q1 2026 include Equinor’s 12 new framework agreements with seven suppliers […]
Global growth in CO2 pipeline networks paves way for decarbonisation
The global effort to reduce carbon emissions is increasingly driving expansion of carbon dioxide (CO₂) pipeline infrastructure, with North America and Europe at the forefront of this transition. These networks are increasingly recognised as an important support for carbon capture, utilisation, and storage (CCUS) initiatives— a key strategy to meet net-zero emissions targets. In North […]
Equus Energy completes pre-FEED for North West Shelf gas project
Equus’ contingent resource is independently certified as 1.7tcf of gas and 38mbbl of condensate. Credit: James Jones Jr/Shutterstock.com. Equus Energy has completed the pre-front end engineering design (Pre-FEED) phase for the Equus Gas Project on the North West Shelf. The study has confirmed that the project is both technically feasible and commercially viable, paving the […]
Odfjell lands Magnus platform drilling contract from EnQuest
The Magnus field is located in the northern North Sea. Credit: Cristi Savin/Shutterstock.com. Odfjell Technology has secured a platform drilling contract from EnQuest, an oil and gas company operating in the UK North Sea, for work on the Magnus platform. The three-year contract is set to begin in the third quarter of 2026 (Q3 2026) […]
DoE awards contracts to exchange 53.3mbbl oil from SPR
Crude deliveries will begin immediately as part of the contracts. Credit: Mayy Contributor/Shutterstock.com. The US Department of Energy (DoE) has awarded contracts to energy companies for the exchange of roughly 53.3 million barrels (mbbl) of crude oil from multiple sites within the Strategic Petroleum Reserve (SPR). The contracts were granted via the Office of Petroleum […]
Bavaria backs hydrogen‑ready gas plant at Zolling Energy Park
The Zolling Power Plant in Bavaria, Germany. Credit: Onyx Power. Bavaria’s Economy and Energy Minister, Hubert Aiwanger, has signed a letter of intent (LoI) with Onyx Power to move forward plans for a modern, hydrogen‑capable gas turbine power plant at the Zolling Energy Park in Bavaria. The facility is set to be built under the Electricity Supply Security and Capacity Act and will provide […]
Asia to dominate global ethylene glycol capacity additions by 2030
Asia is poised to dominate the global ethylene glycol capacity additions by 2030 due to surging domestic demand and sustained investment in petrochemical infrastructure. Ethylene glycol is a key intermediate for producing polyethylene terephthalate (PET) and polyester fibres, and is widely used across textiles, plastics, and automotive industries. Asia’s dominance in the ethylene glycol industry […]
Santos makes FID on Agogo tie-in project in PNG
The project involves the construction of a new 19km pipeline. Credit: Michael Dechev/Shutterstock.com. Australian energy company Santos has confirmed it will move forward with the Agogo production facility (APF) tie-in project in Papua New Guinea (PNG). The final investment decision (FID) on the project follows approval by the PNG LNG joint venture (JV) partners. Discover […]
New episode: OTC 2026 – Insights from the ground
This year, Energy Technology: Industry Insights was on the ground, to ask what is disrupting the sector and who is making waves offshore. The Offshore Technology Conference is an annual gathering of oil and gas professionals from around the world, who meet in Texas to discuss the technological trends defining offshore operations. Discover B2B Marketing […]
NOC ends Trasta Energy partnership, retakes control of Ras Lanuf
The signing of the agreement between NOC and Trasta Energy. Credit: National Oil Cooperation. Libya’s National Oil Corporation (NOC) has signed an agreement with Trasta Energy to end their partnership in the Libyan Emirates Oil Refining Company (LERCO), the operator of the Ras Lanuf refinery. Trasta Energy is part of the United Arab Emirates-based Al […]