Fed lifts target rate range to 3.75–4%
The FOMC unanimously approved a 25-basis-point increase on 16 September.
Federal Reserve — FOMC statement
Energy focus +
WELLFICENT / NEWSROOM
514 storiesWorld economy and business news — Page 41
Developments in the world economy, international trade, finance and energy. Source-linked reporting appears in this section.
IEA deepens its forecast decline in 2026 oil demand
The September report projects an annual fall of 2.5 million barrels per day.
IEA — Oil Market Report, September 2026
Bank of England holds interest rate at 3.75%
The decision published on 17 September split the committee six votes to three.
Bank of England — September 2026 minutes
Fluor and JGC selected for LNG Canada Phase 2 expansion
The notice to proceed follows investment approval; Fluor’s contract share is $7.5 billion.
Fluor
Fluor and Balfour Beatty mark Oak Hill Parkway opening
Final work on the $677 million Austin road project is expected to continue through year-end.
Fluor
Bechtel-Westinghouse and PEJ agree main nuclear EPC commercial terms
Detailed negotiations continue toward a full EPC contract for the Polish project.
Bechtel
CNOOC renews Worley’s North Sea EPC framework for five years
The renewal covers work across the Scott, Buzzard and Golden Eagle fields.
Worley
Technip Energies and SABIC agree global LDPE technology licensing collaboration
The agreement covers worldwide licensing of SABIC’s CTR technology.
Technip Energies
Técnicas Reunidas wins FEED contract for Coega green ammonia project
An EPC transition at Hive Hydrogen’s project depends on investment approval and financing.
Técnicas Reunidas
Worley delivers two offshore FEED packages for Abadi LNG
The Masela Block work includes gas export and carbon storage pipelines.
Worley
Saipem completes Saudi shallow-water drilling business sale to ADES
Saudi Arabian Saipem Limited shares transferred following regulatory approvals.
Saipem
Technip Energies introduces electrified modular SnapLNG 1.5 solution
The design combines Honeywell and Siemens Energy technologies for LNG project delivery.
Technip Energies
Beyond the wellhead, context.
A source-linked view of wells, energy and markets in five languages.