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The Emirati state-owned companies signed a cooperation agreement with Microsoft for AI deployment across ADNOC's operations and the delivery of energy solutions to support the U.S. tech giant's AI and data center growth.
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The Canadian oil sands producer reported 462,000 gross barrels of oil equivalent per day in average production in the third quarter.
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'We expect to see a significant ramp-up in demand from the second half of 2026 onwards', Saipem CEO and General Manager Alessandro Puliti said.
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'Like in the group's recent meetings, this round also offered a surprise', Rystad Energy's Head of Geopolitical Analysis, Jorge Leon, said.
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State-owned giants such as Sinopec and PetroChina canceled some Russian cargoes in the wake of US sanctions on Rosneft and Lukoil.
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Banco do Brasil's pension fund sold its stake in Neoenergia to Iberdrola for around $2.22 billion.
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QatarEnergy awarded Samsung C&T the engineering, procurement and construction contract for a CCS project that will serve existing natural gas liquefaction facilities in Ras Laffan Industrial City.
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Hungary has drafted legislation on steps to be taken in case of a fuel-supply emergency.
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Russian oil producer Lukoil PJSC has agreed to sell its international assets to energy trader Gunvor Group.
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Oil prices ended the week steady as traders anticipated another modest OPEC+ output increase.
