The Nanushuk play in the Pikka Unit represents one of the largest conventional oil discoveries made in the USA in the last 30 years, and the Pikka Phase 1 project is the most significant development on Alaska’s North Slope in more than 20 years, according to the company. Pikka has low emissions intensity, placing it in the top quartile of oil and gas development projects globally for greenhouse gas emissions performance, the company said.
The conduit is set to be the costliest since the $7.85 billion Mountain Valley Pipeline announced in 2014, said Oren Pilant, an analyst at East Daley Analytics. Energy Transfer is evaluating more than doubling the capacity of the project amid stronger-than-expected interest from prospective clients, Co-Chief Executive Officer Tom Long said during a conference call late Wednesday.
First E&P signed a deal with the Tanzania Petroleum Development Corp. last month for the technical assessment and potential development of the Mnazi Bay North Block in southern Tanzania, near fields where vast gas reserves were found in Mozambique.
In its latest weekly petroleum status report at the time of writing, which was released on July 30 and included data for the week ending July 25, the U.S. Energy Information Administration (EIA) highlighted that U.S. commercial crude oil inventories, excluding those in the SPR, increased by 7.7 million barrels from the week ending July 18 to the week ending July 25.
Still, lower global crude and oil-product prices helped the government to reduce subsidies it pays to Russia’s refiners to partially compensate for the difference in fuel prices at home and abroad, a measure designed to boost gasoline and diesel supplies to the domestic market. In July, the budget transferred 59.9 billion rubles in subsidies, down by 58 percent from a year ago.
SEM specializes in advanced ignition systems for natural gas, hydrogen, and other alternative fuels, along with injector stators and linear position sensors tailored for both on- and off-highway commercial vehicles and industrial markets. Additionally, SEM offers ignition and fuel injection solutions designed for the professional handheld equipment sector, Phinia noted.
“The production increase was due to a 25 percent increase in the Vienna Basin Fields oil production as well as a 47 percent increase in gas production following a successful well workover program together with an increase in net Anshof oil production as a result of the purchase of the Xstate’s 20 percent interest”, ADX said.
Halliburton will manufacture and deliver the majority of the equipment required for this project from its U.K. completion manufacturing facility in Arbroath. For more than 50 years, the center has supported North Sea operations and provides on-site product development and testing resources alongside advanced manufacturing capabilities to support efficient production and the delivery of equipment.
In February 2025, Trinidad and Tobago launched a bid round for 26 deepwater exploration blocks that included Block 24 and Block 26, along with 24 blocks in the Trinidad and Tobago Deep Atlantic Area, but does not include the blocks that ExxonMobil is interested in. Reuters reports that the company first approached the Trinidadian authorities to obtain the blocks in November 2024.
Technip Energies is a global engineering and technology company serving the energy industry. It specialises in LNG, hydrogen, sustainable chemistry and CO2 management, and has delivered over 20% of the world’s operating LNG capacity. The company also leads in modular and innovative project delivery models worldwide.