CRP Subsea has expanded its hydrostatic testing capabilities with the installation of four new pressure vessels designed to support API 17L qualification testing and improve efficiency for subsea product validation. SourceContinue Reading

Kuwait is evaluating expanded overseas oil storage capacity and alternative export routes after disruptions linked to the Iran war highlighted the country’s dependence on the Strait of Hormuz for crude exports. SourceContinue Reading

New Enverus research shows U.S. Class VI carbon storage permit approvals are accelerating in 2026, while new application activity has slowed, creating a growing pipeline of CCS projects awaiting regulatory review. SourceContinue Reading

Russian President Vladimir Putin has authorized TotalEnergies to sell its 10% stake in the Arctic LNG 2 project, allowing the French energy major to exit a U.S.-sanctioned LNG development that has faced significant operational and export challenges. SourceContinue Reading

DNV has verified the performance of Carbon Ridge’s onboard carbon capture system during a pilot installation aboard a Scorpio Tankers vessel, confirming peak CO2 capture rates of up to 98% during commercial operations. SourceContinue Reading

Aramco has selected McDermott for a long-term project management consultancy agreement supporting energy, petrochemical and low-carbon developments across Saudi Arabia, strengthening the contractor’s role in the Kingdom’s future project portfolio. SourceContinue Reading

Subsea7 has been awarded a contract by Murphy Exploration & Production Company to provide engineering, procurement, construction and installation services for the String Music development, a deepwater subsea tieback to the Delta House facility in the U.S. Gulf. SourceContinue Reading

Vitol has warned that Western governments are underestimating the severity of the global oil supply crunch caused by disruptions in the Strait of Hormuz, with the company estimating demand destruction has reached approximately 4 MMbpd worldwide. SourceContinue Reading

Despite ongoing U.S.-Iran negotiations, commercial shipping traffic through the Strait of Hormuz remains sparse, highlighting continued uncertainty over when energy flows may begin returning to normal. SourceContinue Reading

Shell has achieved MiQ methane certification across its entire Gulf of America/Gulf of Mexico production portfolio, with all 10 offshore assets receiving the organization’s top Grade A rating for methane emissions performance. SourceContinue Reading