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02 Feb 26 |
Indonesia: Empyrean Energy announces Duyung PSC update Empyrean Energy has signed a binding term sheet for a settlement agreement with Conrad Asia Energy, the operator of the Duyung PSC and Mako Gas Field in Indonesia, which has successfully and amicably resolved the outstanding cash call dispute between Empyrean, Conrad and Conrad's subsidiary, West Natuna Exploration Limited ('WNEL'). |
02 Feb 26 |
Norway: Aker BP starts oil production from the Solveig Phase 2 development in the North Sea Aker BP has started oil production from the Solveig Phase 2 development in the North Sea. The project has been delivered on schedule and within budget, adding approximately 39 million barrels of oil equivalent in recoverable resources to the Solveig field. |
01 Feb 26 |
US: Baker Hughes, Expand Energy to deploy Leucipa™ across US natural gas fields Baker Hughes, an energy technology company, has announced an award from Expand Energy, North America’s largest natural gas producer, to deploy its Leucipa™ automated field production solution across thousands of gas-producing wells in the United States. This multi-year agreement will help Expand Energy optimize production and strengthen North America’s natural gas supply chain. |
01 Feb 26 |
Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirm commitment to market stability on steady global economic outlook The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023 eaffirmed their decision on 2 November 2025 to pause production increments in March 2026 due to seasonality. |
01 Feb 26 |
Scarborough sails towards startup After a 4,000-plus nautical mile journey from China, the Scarborough Energy Project’s floating production unit (FPU) arrived safely Down Under in January, marking a major milestone for the project. The FPU will power the Scarborough Energy Project for the next 30 years from its new home, 375 km off the north west coast of Western Australia. |
