TOP STORIES OF THE WEEK
Santos reports strong first-half performance as Pikka begins production
Santos has reported a solid first-half performance for 2026, with the company entering a significant period of transition as the Pikka project commenced production and the Barossa project progressed through commissioning and ramp-up.
The Australian energy company recorded first-half production of 45.6 million barrels of oil equivalent (mmboe), representing a 3 percent increase compared with the corresponding period in 2025.
Santos reported $2.6 billion in sales revenue, $1.6 billion in EBITDAX and $378 million in free cash flow from operations for the six months.
Pikka and Barossa drive growth
The first-half results were supported by strong performance from Santos' base business, alongside the commencement of production at Pikka and contin…
Temporary vapour recovery unit replacement can help prevent industrial downtime
Industrial processes across the energy, chemical and storage sectors can generate harmful gases and vapours that pose risks to the environment, workers and surrounding communities. Effective emissions control is therefore an important component of modern production and storage facilities, helping operators meet environmental regulations while maintaining safe working conditions.
Stationary emission-control systems, including vapour recovery units (VRUs), are commonly used to capture and treat volatile organic compounds (VOCs) and hazardous air pollutants (HAPs) generated during industrial operations.
However, when a stationary VRU becomes unavailable due to equipment failure, malfunction or scheduled maintenance, operators can face signifi…
Equinor joins Chevron in Namibia exploration licence
Equinor has agreed to acquire a 17.4 percent participating interest in Petroleum Exploration Licence 90 (PEL 90) in the Orange Basin offshore Namibia from Harmattan Energy Limited, a subsidiary of Chevron.
The transaction marks Equinor’s entry into Namibia and gives the Norwegian energy company access to a drill-ready exploration prospect that is scheduled to be tested in 2026.
Entry into Namibia’s Orange Basin
The licence covers Block 2813B in the Orange Basin, one of the emerging exploration areas offshore Namibia. The licence is operated by Chevron and includes a group of international and Namibian partners.
Before the transaction, Harmattan Energy Limited held a 52.5 percent interest in PEL 90. The remaining interests are held by Qatar…
Emerson to automate BP-operated Shah Deniz Compression project
Global automation technology company Emerson has secured a multi-million-dollar contract from BP to provide advanced automation technologies for the Shah Deniz Compression project offshore Azerbaijan.
The contract builds on a long-standing relationship between the two companies. Emerson has previously served as the main automation contractor for BP’s Azeri Central East and Shah Deniz Stage 2 developments, positioning the company to support the next phase of development at the Shah Deniz gas field in the Caspian Sea.
Under the latest contract, Emerson will supply integrated control and safety systems designed to support production, safety, reliability and operational efficiency on the new offshore compression platform.
Advancing Shah Deniz …
Solitude Pipeline System reaches final investment decision to transport gas from the Permian Basin to the Gulf Coast
WhiteWater, together with Devon Energy Corporation, MPLX LP, Diamondback Energy and Western Midstream Partners, has reached a positive final investment decision (FID) to develop the Solitude Pipeline System.
The project will comprise two 48-inch natural gas pipelines, each connecting the Permian Basin with Katy, Texas. The development has secured substantial long-term firm transportation agreements, primarily with investment-grade shippers, supporting the decision to proceed with construction.
Solitude is being developed to provide scalable, long-haul natural gas transportation capacity to support continued growth in the Permian Basin and increasing demand along the Gulf Coast.
The pipeline system will be developed in phases, with an initi…