Contract award
Bahri orders three 320,000-tonne crude carriers from Saudi shipyard IMI
The approximately SAR1.692 billion contract adds three VLCC newbuilds to Bahri’s Saudi orderbook, with deliveries scheduled in phases between 2029 and 2030.
News
Engineering, energy, transport, technology and market news from primary sources. Each story is dated by its event; statistical reports identify the period measured. Filter by event type, country, sector, subject or event date.
9 stories
Policy and regulation
Egypt crisis committee reviews fuel reserves and solar expansion amid supply risks
The cabinet crisis committee directed authorities to increase strategic petroleum-product reserves and discussed accelerating solar deployment as regional tensions threaten trade routes and supply chains.
Project and operations update
GUPCO and SLB sign 1,035-square-kilometre Gulf of Suez seismic survey
The Egyptian ministry says an ocean-bottom-node survey in GUPCO concession areas is due to start next month and is intended to refine exploration targeting.
Economic and industry statistics
SLB reports third-quarter revenue growth as North American land and international activity lift results
SLB reported $9.45 billion in third-quarter revenue, up sequentially and year on year, with operating cash flow of $1.51 billion.
Corporate
Eni raises 2026 cash-flow outlook as nine-month performance lifts shareholder returns
The Italian energy group raised its cash-flow forecast to €16.5 billion, increased its buyback plan to €3.8 billion and approved an extra €0.46-per-share dividend after reporting higher production and earnings for the third quarter.
Contract award
NMDC Energy receives AED2.8bn award for three Aramco offshore EPC projects
The Abu Dhabi-listed contractor expects completion in 18 to 23 months; the exchange filing does not identify the fields, packages or start dates.
Financing
Shell-linked prepayment and bank facilities support Ibom Field development
A 23 October adviser announcement describes crude-backed prepayment and separate term-loan and working-capital facilities for Emadeb’s PPL 236 project; amounts and timing were not disclosed.
Economic and industry statistics
Canadian producer and raw-material prices rise in September
Statistics Canada reported faster monthly increases in factory-gate and input prices, led by energy, petroleum and crude materials.
Policy and regulation
Spain orders a second, six-day release of diesel and jet-fuel reserves
The 22 October order lowers the temporary minimum stock obligation for specified middle distillates to 82 days and allows their release into the market through 15 December.