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. SourceContinue Reading
Iraq is pressing OPEC for a higher production quota as it seeks to recover revenues lost during the Iran conflict, while officials briefly raised—then walked back—the possibility of leaving the producer group. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
Oil and gas activity strengthened across the U.S. Southwest during the second quarter, but executives remain concerned that geopolitical uncertainty, rising costs and volatile policy signals could complicate planning for the remainder of 2026, according to the latest Dallas Fed Energy Survey. SourceContinue Reading
TotalEnergies has acquired a 10% stake in Abu Dhabi’s Bab Gas Cap concession, joining ADNOC and international partners in a gas development targeting 1.5 Bcfd of production and supporting the UAE’s expanding LNG value chain. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
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. SourceContinue Reading
