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The OPEC+ group’s decision to slightly raise production targets in September, the record-smashing profit of the world’s largest oil company, Saudi Aramco, and business deals involving the biggest energy firms in the Middle East were the highlights in the region’s oil and gas industry this past month.
The windfall tax, higher gas production, energy security, and new field developments featured in the UK’s oil and gas industry last month.
Heightened uncertainty over Russia’s pipeline gas supply to Europe, soaring gas and power prices, a major gas discovery, development plans for oil and gas fields offshore Norway, and a lot of investment in clean energy projects have been the key themes in the European energy industry in recent weeks.
Baker Hughes, Mocean Energy and Verlume have signed a triparty memorandum of understanding (MoU) to identify and discuss potential opportunities for collaboration on integrated wave energy and subsea energy storage solutions for the emerging subsea clean energy market.
Oilfield services giant TechnipFMC has secured an engineering, procurement, construction and installation (EPCI) contract from TotalEnergies for the Lapa North East field in the Santos basin offshore Brazil.