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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5% 2026 will be marking the first year of the LNG wave and it will be also in a way a test how demand responds to the stronger growth, especially in Asia.” expansion this year, the IEA said in its quarterly gas market report.

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AI demand drives largest U.S. electricity auction price to record high

Oil & Gas 360º

billion to power generators in the period between June 2026 and May 2027—the 12 months covered by the latest capacity auction. Now, data center operators are in a rush to secure long-term electricity supply, notably from nuclear and gas-fired generators in addition to their commitments to buy wind and solar. per megawatt-day.

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KRG to Eliminate 7,000 Private Generators by 2026

Iraq Business News: Oil & Gas

The Kurdistan Regional Government (KRG) has said that its Runaki (Light) project is making significant progress toward delivering 24-hour electricity to the entire Kurdistan Region by the end of 2026. Upon full implementation by 2026, the project will eliminate 1.4 million tonnes of carbon dioxide emissions. ⁠

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Subsea7 wins contract for Equinor’s Fram Sør project, offshore Norway

Oil & Gas 360º

Offshore installation activities are expected in 2026, 2027 and 2028. The Fram Sør area is located 10-30 km north of the Equinor-operated Troll C platform, approximately 70 km north-west of Bergen. Engineering and project management will begin immediately in Subsea7’s offices in Norway and UK.

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ADNOC Drilling secures five-year, $800 million contract for oilfield services

Oil & Gas 360º

Proprietary fracturing simulation software will be used to optimize every stage of the operation, increasing flow rates and overall hydrocarbon recovery. Automated pumping units and blending systems will enhance safety, streamline operations and reduce the need for on-site manpower.

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CNX Resources Q2 2025: A Masterclass in Operational Efficiency

Oil Gas Leads

In its Q2 2025 earnings report, the Appalachian-focused operator highlighted a 22-quarter streak of free cash flow (FCF) generation, strengthened operational performance, and bold ESG transparency initiatives that are setting new industry standards. natural gas sector. It continued this momentum post-quarter with another 0.5

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Baker Hughes awarded Equinor contract for P&A work in North Sea

Oil & Gas 360º

Baker Hughes has a history of successful integrated P&A projects, as well as its innovative portfolio of Mature Assets Solutions with a proven track record of increasing efficiency, accelerating timelines and reducing total operating costs. Planning for Oseberg East is now underway, and the execution is scheduled to begin in 2026.