Thursday, 29 October 2026

A multi-year deal between Baker Hughes' Oilfield Services & Equipment (OFSE) unit and Pakistan's Oil & Gas Development Co. (OGDC) will cover more than 120 wells across mature oil and gas fields, World Oil reported.

Separately, Eni picked the company for an integrated subsea systems package tied to the deepwater Cronos gas project offshore Cyprus. That package runs to four subsea tree systems, plus wellheads, manifolds and connections, topside controls and related services.

Eni also handed Baker Hughes integrated well construction work on Baleine Phase 3 in Côte d'Ivoire.

Optivolt, a power electronics firm in the United States, has secured USD 32 million in Series A funding from VXI Capital to build what company officials describe as the intelligence layer of next-generation solar panels, according to Solar Builder.

The raise brings the Californian company's total capital raised to date to USD 42 million, Solar Builder reported.

VXI Capital managing director Orin Hoffman said the financing is meant to move Optivolt's technology from a technical breakthrough to the platform on which the next generation of solar is built.

Petronet LNG Ltd proposed investing Rs 1,200 crore to build compressed biogas (CBG) plants in partnership with Gruner Renewable Energy, moving into domestic renewable gas production.

The joint venture will develop 10 compressed biogas plants across India, according to Chemical Industry Digest.

Once operational, the facilities will have combined CBG production capacity of 180 tonnes per day, equivalent to approximately 63,000 tonnes annually assuming 350 operating days, Chemical Industry Digest reported.

A gas rally over the past week pushed liquefied natural gas (LNG) burned in Otto medium-speed engines above low-sulphur marine gasoil (LSMGO) in Rotterdam, according to ENGINE. The fuel swung from a USD 23/mt discount to LSMGO to a USD 44/mt premium over that period.

Liquefied biomethane (LBM) tracked the same move in Otto medium-speed engines, flipping from a USD 17/mt discount to LSMGO to a USD 42/mt premium, according to ENGINE. The shift came as LBM in Otto medium-speed engines gained USD 101/mt and LSMGO rose USD 41/mt.