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Baker Hughes said it won a multi-year contract from Kuwait Oil Company (KOC) for the Ahmadi Innovation Valley project. The deal will fund a dedicated research and technology development centre to evaluate and deploy solutions for upstream oil and gas, including digital tools and AI automation to improve recovery, cut costs, reduce water and power use. Related KOC awards also went to SLB and Halliburton.

Nvidia said it is partnering with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to assemble more than $500B in financing at “attractive rates” for AI infrastructure buildout. The announcement follows reports Nvidia discussed financing support for a $250B AI data center for OpenAI, though it is unclear if that is included. Nvidia CEO Jensen Huang said the deal helps customers access scarce compute.

Gold Fields said its Salares Norte mine in Chile continues to outperform and could lift 2026 output to 2.6 million ounces. It flagged production risks at Gruyere in Australia and potential issues at Tarkwa in Ghana. For Canada’s Windrush project, capex may be at the high end of $1.7bn to $1.9bn, with permitting incomplete. Interim free cash flow is $2.39bn to $2.64bn and headline EPS $1.98 to $2.18.

Phillips 66, Kinder Morgan and HF Sinclair approved a final investment decision for the $5bn Western Gateway Pipeline joint venture in the US. The 1,300-mile system would move up to 230,000 bpd of refined products from the Midcontinent and Gulf Coast to the West. Phillips 66 holds 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%, with 2029 target completion.

Riot Platforms signed a 20-year contract with Anthropic to supply computing capacity worth $9.1bn in revenue, covering 191 MW at its Rockdale, Texas campus. With two five-year extensions, the deal could reach about $16.1bn. Riot said the agreement plus an earlier AMD deal lifts contracted data center revenue tied to the campus to $9.8bn.

Australia’s federal and NSW governments plan to announce a $2.5 billion, 10-year rescue package for the Tomago aluminum smelter near Newcastle, aimed at preventing closure and protecting 1,000+ jobs amid high power costs. The deal is split evenly between Canberra and NSW, with up to $1 billion in owner capex, and ties to power arrangements via Snowy Hydro. Tomago is majority-owned by Rio Tinto.