Month: July 2025

Canadian oil sands emissions intensity fell for a 13th consecutive year in 2025 and is now 31% lower than in 2009, according to S&P Global Energy, even as production growth pushed overall emissions slightly higher.

Clariant has successfully deployed its HYTREAT ECO hydrate inhibitor technology in North Sea fields offshore Norway and the UK, offering operators an OSPAR-compliant alternative to conventional methanol and MEG-based flow-assurance programs.

U.S. Steel is investing $475 million in a new heat-treatment line at its Fairfield Tubular Operations, expanding OCTG production capacity to support growing demand from major U.S. oil and gas basins, including the Permian, Eagle Ford and Haynesville.

Brent crude fell below $75/bbl for the first time since the Iran conflict began as tanker traffic through the Strait of Hormuz continued to increase and U.S.-Iran peace talks showed early signs of progress.

EnerMech has completed a pipeline flushing and cleaning project for Subsea7 as part of an offshore field decommissioning program in the U.S. Gulf of America/Mexico.

Azule Energy has reached final investment decision on the Greater PAJ project offshore Angola, the country’s first integrated cross-block development. The project will develop five fields through a new FPSO with 95,000 bpd production capacity and is targeting first oil in 2029.

Baker Hughes has secured a long-term service agreement for Nigeria’s ANOH Gas Processing Plant, providing turbomachinery maintenance, digital monitoring and engineering support for one of the country’s key domestic gas infrastructure projects.

Santos has commenced continuous production operations at the Pikka Phase 1 development on Alaska’s North Slope, with initial output of approximately 20,000 bpd. The company is targeting plateau production of 80,000 bpd during the third quarter of 2026.

Despite Iran’s announcement that the Strait of Hormuz is closed, millions of barrels of crude continue to move through the critical shipping lane. The conflicting signals highlight the uncertainty still facing global oil markets as U.S.-Iran negotiations get underway.

An appraisal well has confirmed the Carmen gas-condensate discovery offshore Norway, with recoverable resources estimated at up to 107 MMboe. Partners are now evaluating tieback development options and additional drilling in the North Sea.