Industry News

Latest from Australia's industrial and energy sectors

Baker Hughes wins contract for Kutei Northern Hub subsea systems
Offshore Technology • 11 Aug 2026
Baker Hughes wins contract for Kutei Northern Hub subsea systems

Baker Hughes has secured a contract to supply subsea production systems and digital solutions for the Kutei Northern Hub development.

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ADNOC Gas reports net income of $665m in Q2 2026
Offshore Technology • 10 Aug 2026
ADNOC Gas reports net income of $665m in Q2 2026

ADNOC Gas, a subsidiary of ADNOC, has reported a net income of $665m in Q2 2026, outpacing its earlier guidance of $400m–600m.

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Oil prices steady as Strait of Hormuz talks stall over Iranian demands
Offshore Technology • 10 Aug 2026
Oil prices steady as Strait of Hormuz talks stall over Iranian demands

Oil prices showed little movement on 10 Aug, Monday, after early gains faded, as progress on talks to reopen the Strait of Hormuz was clouded …

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Egypt targets higher oil and gas output in 2026/2027 development plan
Offshore Technology • 10 Aug 2026
Egypt targets higher oil and gas output in 2026/2027 development plan

Egypt is planning to increase oil and gas production, attract new investment, and reduce petroleum imports as part of its 2026/2027 economic and social development …

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Data digitalisation and derisking: how AI is solving decom’s biggest headaches
Offshore Technology • 10 Aug 2026
Data digitalisation and derisking: how AI is solving decom’s biggest headaches

Decommissioning is cost and time-intensive, but AI solutions are expediting data digitalisation and streamlining compliance.

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ONGC awards offshore contracts to L&T Energy Hydrocarbon Offshore
Offshore Technology • 10 Aug 2026
ONGC awards offshore contracts to L&T Energy Hydrocarbon Offshore

L&T Energy Hydrocarbon Offshore has been awarded a series of contracts by Oil & Natural Gas Corporation (ONGC) for projects off the west coast of …

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ADNOC L&S buys 11 vessels in $1.3bn fleet expansion
Offshore Technology • 07 Aug 2026
ADNOC L&S buys 11 vessels in $1.3bn fleet expansion

ADNOC L&S said that it had acquired five VLGCs and six VLCCs for a combined investment of approximately Dh4.8bn ($1.3bn).

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McDermott wins ExxonMobil LoI for Rovuma LNG engineering work
Offshore Technology • 07 Aug 2026
McDermott wins ExxonMobil LoI for Rovuma LNG engineering work

ExxonMobil Moçambique has issued McDermott Energy Solutions (UK) a letter of intent (LoI) covering limited engineering and procurement services for the continuation of the Rovuma …

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MINING.COM • 21 Jul 2026
US Departments of Energy and Labor ink MoU to accelerate AI deployment in mining sector

The five-year agreement strengthens federal coordination to advance mining innovation.

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MINING.COM • 21 Jul 2026
ERI, Cyclic Materials partner to recover and recycle rare earths from e-waste

Aim is to create one of the largest commercial rare earth recycling feedstock portfolios in North America, the companies said.

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MINING.COM • 21 Jul 2026
Movie producer Lee Caplin joins NovaRed Mining after Noem

It’s the latest high-profile addition after the company’s recent controversy.

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MINING.COM • 21 Jul 2026
Permitting reform key to challenging China’s critical minerals dominance: US mining lawyer

G7 countries agreed in June that no single country should supply more than 60% of their imports of rare earths by 2030.

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