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Contrary to peak production theories, the Permian Basin is set to achieve a record 6.76 million barrels per day. This output is sustained by technological efficiency from supermajors, a trend underscored by BP's recent project milestones in the Gulf of Mexico.
TechnipFMC has secured a contract from Chevron, valued between $75 million and $250 million, to supply Subsea 2.0® systems for the Gorgon Stage 3 project in Australia. The deal reinforces a 20-year partnership and supports long-term LNG production.
SLB and Shell have launched a strategic collaboration to co-develop AI solutions for upstream energy operations, aiming to enhance efficiency and automation. This deepens their existing technology relationship, signaling a long-term strategic alignment.
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