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World Oil News
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. Source
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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. Source
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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. Source
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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. Source
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U.S. Steel has approved a $475 million investment in a new quench and tempering line at its Fairfield Tubular Operations in Alabama. The project will expand heat-treated OCTG production capacity, strengthen domestic supply chains and support growing demand from key U.S. oil and gas basins, including the Permian, Eagle Ford, Haynesville and Appalachia. Source
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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. Source
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ADNOC is applying lessons learned from two decades of U.S. shale development to advance its Diyab unconventional gas play from appraisal into early development, company executives said during URTeC 2026. Source
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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. Source
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Dana Gas reported stronger-than-expected drilling results in Egypt, identifying an estimated 10 Bcf of gas resources while announcing that the Egyptian government has fully settled overdue receivables. The company plans four additional wells before the end of 2026. Source
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The Republic of Congo is advancing LNG expansion, deepwater oil developments and energy sector reforms as operators including Eni, TotalEnergies and Trident Energy move forward with projects aimed at boosting production and attracting investment. Source
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