Petrovietnam has signed major energy agreements with American firms during General Secretary and President To Lam's working visit to the United States. Deals inked with Chevron, ExxonMobil Asia Pacific and Murphy Oil aim to secure crude supplies, advance offshore developments and attract funding. The state-owned energy group outlined a US$29.2 billion investment plan for 2026 to 2030 to join the Fortune Global 500 list.
Enbridge has entered a C$2.7 billion joint venture with KKR and Apollo to fund the expansion of its Westcoast natural gas pipeline in British Columbia. Under the deal, KKR and Apollo will acquire a 29% indirect interest in the network upon completion of the Sunrise project in 2028. Enbridge retains operational control, majority ownership and an option to repurchase the stake after seven years.
L&T Energy Hydrocarbon Onshore has signed a contract to construct an ultra-mega gas compression project for a client in the Middle East. Following a letter of award in FY26, the firm will deliver new onshore infrastructure to process sour gas. The scope includes engineering, procurement and construction of compression plants alongside two 230 kV extra-high-voltage substations to power the site.
ExxonMobil Mozambique Limitada has awarded a Letter of Intent to the SMDC joint venture for the midstream execution of the Rovuma LNG Phase 1 project. Comprising McDermott, Saipem, Daewoo Engineering & Construction and CPECC, the consortium will perform initial design, procurement and constructability tasks. The $18.6\text{ million tonne}$ per year facility targets a Final Investment Decision in 2026, ahead of scheduled 2031 commercial operations.
ADNOC has partnered with SLB to deploy an artificial intelligence platform across more than 120 drilling rigs. The Real-Time Operations Center integrates live data from onshore and offshore assets into a centralised environment. Designed to streamline upstream monitoring, the digital system enables engineers to manage up to three times more rigs, reduces incident response times by several hours and helps prevent costly operational downtime.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has won an ultra-mega contract from ADNOC Offshore for a major Middle East project. Acting as lead partner in a consortium, LTEH Offshore will manage the engineering, procurement, construction, installation and commissioning (EPCIC) of new offshore facilities alongside existing site upgrades. Fabrication work will take place across L&T yards, reinforcing its long-standing presence in the region's energy sector.
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