Oil & Gas News

Oil & Gas

Saudi Arabia advances gas infrastructure expansion with €900 million EPC award at Uthmaniyah field

Saipem’s joint venture in Saudi Arabia has secured a €900 million share of a major EPC contract for the Uthmaniyah Gas Compression Plant. The project is expected to extend field productivity, support rising domestic energy demand, and strengthen local engineering and construction capabilities under a national industrial development initiative.

16 hours ago • Saudi Arabia

Investments & Funding

World Bank expands Marshall Islands support package as fuel shock strains economy

The World Bank has approved an additional US$9 million in financing for the Marshall Islands to address escalating energy costs and associated fiscal pressures. The funding strengthens budget support measures as the Pacific nation confronts slower growth, higher inflation, and rising import expenses linked to global fuel market disruptions.

16 hours ago • Marshall Islands

Oil & Gas

Technip Energies consortium wins major deepwater EPCIC contract for Coral Norte FLNG project in Mozambique

Technip Energies, collaborating with JGC and Samsung Heavy Industries, has secured a major offshore engineering contract from Mozambique Rovuma Venture. The agreement covers the construction and commissioning of the Coral Norte Floating Liquefied Natural Gas facility.

16 hours ago • Mozambique

Oil & Gas

Aramco selects McDermott for multi-year project management in Saudi Arabia

Saudi Aramco has appointed McDermott to a long-term project management consultancy framework. The multi-year agreement covers engineering, front-end development, and consultancy services for major energy, petrochemical, and low-carbon infrastructure projects across the Kingdom.

16 hours ago • Saudi Arabia

Oil & Gas

SICIM secures Mexican compression station contract to boost ESENTIA natural gas network

Italy's SICIM has won a contract from ESENTIA Energy Systems to construct the Aguascalientes Compression Station and related infrastructure in Mexico, expanding regional natural gas transport capacity and pipeline grid reliability.

16 hours ago • Mexico

Oil & Gas

Hyundai Engineering secures EPC contract for major natural gas facility in Kazakhstan

South Korea's Hyundai Engineering has won an engineering and procurement contract from Kazakhstan's state gas operator to build a 5 billion cubic meter annual capacity gas processing plant at the Karachaganak complex.

16 hours ago • Kazakhstan

Oil & Gas

Subsea 7 secures deepwater contract worth up to $150 million for Murphy field development in US Gulf

Subsea 7 S.A. has been awarded a subsea infrastructure contract valued between $50 million and $150 million by Murphy Exploration & Production Company. The project covers the engineering, procurement, construction, and installation of a deepwater production flowline for the String Music field in the US Gulf.

16 hours ago • United States

Oil & Gas

Philippines Department of National Defense initiates PHP 2.93 billion tender for fuel supply

The Philippines Department of National Defense has issued a significant public tender valued at over PHP 2.93 billion. The strategic contract mandates the comprehensive supply and delivery of fuel, oil, and lubricants for the country's military framework.

16 hours ago • Philippines

Oil & Gas

Sempra Infrastructure begins first LNG production at Mexico Pacific Coast facility

Sempra Infrastructure has achieved first liquefied natural gas (LNG) production during commissioning at its ECA LNG Phase 1 plant in Mexico, positioning the facility to supply North American gas to Pacific Basin markets by late 2026.

16 hours ago • Mexico

Investments & Funding

Air Liquide expands South Korea semiconductor footprint with EUR 200 million AI memory supply project

Air Liquide has secured a long-term agreement with SK hynix to support advanced HBM semiconductor packaging in South Korea. The nearly EUR 200 million investment includes a new nitrogen production facility and strengthens the company's position in the fast-growing AI-driven semiconductor manufacturing market.

16 hours ago • Korea (South)

Oil & Gas

Petrobras selects SBM Offshore for twin FPSO developments in Brazil’s Sergipe-Alagoas basin

SBM Offshore has secured contracts from Petrobras to design, construct and operate two floating production, storage and offloading units for offshore fields in Brazil’s Sergipe-Alagoas basin. The projects are expected to expand oil and gas output, strengthen domestic gas supply and support long-term offshore energy infrastructure development.

16 hours ago • Brazil

Oil & Gas

Centrica Energy secures decade-long Canadian LNG feedstock tied to European pricing

Centrica Energy has finalized a ten-year agreement with Peyto to procure Canadian natural gas starting in 2029. Priced against European benchmarks, the deal bolsters Centrica’s liquefied natural gas portfolio, enhancing global supply chain resilience and optimizing cross-market trading capabilities for the energy trader.

16 hours ago • Europe;Canada

Oil & Gas

Nomagas Skopje launched MKD 1.8 billion tender for North Macedonia-Serbia gas interconnector project

State-owned operator Nomagas Skopje has issued a turnkey FIDIC contract tender valued at MKD 1.8 billion to construct an interconnected natural gas pipeline linking North Macedonia and Serbia, bolstering regional energy security.

16 hours ago • Macedonia;Serbia

Oil & Gas

Bharat Petroleum awards INR 3.86 billion industrial piping contract to DEE Development Engineers

DEE Development Engineers has secured an industrial piping manufacturing and supply contract valued at INR 3.8686 billion from Bharat Petroleum Corporation Limited. The project supports India's domestic downstream energy infrastructure expansion and is slated for completion by February 2028.

16 hours ago • India