Category: Uncategorized

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.

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.

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.

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

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.

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.

Square Robot has won a 2026 NIOSH safety award for its SR-3 robotic inspection system, which allows above-ground storage tanks to be inspected onstream without confined-space entry.

Maritime Developments has completed a deepwater SURF decommissioning campaign in Brazil’s Campos basin, using its portable recovery spread aboard the operator’s existing multipurpose vessel.

Shape Digital is deploying its AI-powered flare intelligence technology across 10 MODEC FPSOs in Brazil following a pilot, targeting unplanned flaring and improved offshore operating efficiency.

BKV has completed its previously announced Barnett shale acquisition, adding more than 65 MMcfe/d of production, 0.35 Tcfe of PDP reserves and approximately 117,000 net acres.