Category: Uncategorized

Monumental Energy and NZEC have developed a proprietary chemical formulation aimed at improving flow assurance and reducing wax buildup in New Zealand’s Taranaki Basin, with field pilot testing now planned.

Baker Hughes has been awarded a contract by Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola. The scope includes horizontal subsea trees, control modules and installation services to support the ultra-deepwater project, with equipment deliveries beginning in 2027.

ONGC has expanded its technical services partnership with bp, awarding the company a new contract to help optimize production across India’s Western Offshore Basin following early success at Mumbai High.

Equinor has advanced plans for the Wisting field by submitting its proposed environmental impact assessment program for public consultation, moving Norway’s largest undeveloped oil discovery another step toward a potential 2027 final investment decision.

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.

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.

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.

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.

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.

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.