Month: June 2026

Oil and LNG shipments through the Strait of Hormuz have reached their highest level in six months, according to U.S. Central Command, as mine-clearing and maritime security efforts support increased flows.

G20 energy talks in Houston put permitting, infrastructure and supply-chain resilience in focus, with Energy Workforce highlighting the oilfield services sector’s role in meeting growing global energy demand.

French President Emmanuel Macron plans to convene the G7 to consider another strategic oil stock release as Middle East supply disruptions and soaring fuel prices tighten global markets.

INEOS has launched commercial CO₂ storage at Greensand offshore Denmark, using the depleted Nini West oil field with initial capacity of 400,000 tonnes per year and potential to scale to 4–8 million tonnes.

TotalEnergies has struck a $1.8 billion partnership with BlackRock’s GIP involving African oil and gas infrastructure assets, with throughput-based payments extending for up to 15 years.

Zupt is deploying its 3D Recon V2 imaging system for a U.S. Gulf inspection campaign, using high-resolution 3D models to support subsea asset integrity assessments.

Xodus estimates the Asia Pacific CCUS market could reach £187.8 billion by 2035 as countries advance carbon capture, cross-border CO₂ transport and geological storage projects.

CoreMarine has acquired Brazil-based BravOcean, adding local subsea installation and project management capabilities as it expands in Brazil’s offshore and deepwater market.

Denholm Pipetech has opened a new facility in Sandnes and invested more than NOK 6 million in equipment and upgrades as it expands its flow remediation business across the Norwegian Continental Shelf.

California Resources has agreed to sell its Uinta basin assets for approximately $90 million, divesting non-core properties acquired through the Berry merger as it focuses its portfolio on California.