Reprioritize Offshore Procurement and CCS Contracts for Upcoming Projects

Home Subsea UK CO2 storage project that will reuse existing infrastructure secures lease July 27, 2026, by Liverpool Bay CCS Limited (LBCCS) has entered into a lease with The Crown Estate for its CO2 transportation and storage project offshore the UK, the country’s first carbon capture and storage (CCS) project to repurpose existing infrastructure. Source: Liverpool Bay CCS Limited The Liverpool Bay CCS project will operate as the backbone of the HyNet Cluster to transport CO2 from capture plants across the Nort

The project will reuse more than 75 miles of existing pipelines, three offshore structures and an onshore treatment plant, alongside 21 miles of new pipeline connecting industrial facilities across the region to the Liverpool Bay transport and storage network. The lease enables LBCCS, part of Eni CCUS Holding group, to access the seabed and utilize former infrastructure to transport and store CO2 from industries within the HyNet Cluster

Italy’s Saipem won a contract that entails the engineering, procurement and construction (EPC) and assistance to the commissioning of a new CO2 electrical compression station, which will be integrated with the offshore and onshore segments of the overall development, while compatriot Rosetti Marino secured the full EPC scope for the delivery of four platforms to be used for CO2 storage in depleted reservoirs

According to Woodside Energy, State Significant Project status represents the highest level of prioritization available under the Western Australian Government’s Lead Agency Framework, which is designed to guide proponents through the approvals process

Browse to North-West Shelf project development concept; Source: Woodside With a forecast production capacity of 11

Home Fossil Energy Australia’s ‘largest untapped’ conventional gas resource gets significant project status July 27, 2026, by The Western Australian Government has granted State Significant Project status to a Woodside Energy-operated offshore development project, described as Australia’s largest untapped conventional gas resource. Browse to North-West Shelf project development concept; Source: Woodside With a forecast production capacity of 11

Home Subsea Eni strengthens team for Côte d’Ivoire project with Saipem now on board July 27, 2026, by Italy’s energy giant Eni has continued its contract awards spree for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with Saipem having been selected for the delivery of rigid pipelines and associated subsea structures

Saipem’s scope of work includes the engineering, fabrication, transportation and installation of approximately 50 kilometers of rigid pipelines and associated subsea structures

Home Subsea Eni strengthens team for Côte d’Ivoire project with Saipem now on board July 27, 2026, by Italy’s energy giant Eni has continued its contract awards spree for the third phase of its oil & gas development project off the coast of Côte d’Ivoire, with Saipem having been selected for the delivery of rigid pipelines and associated subsea structures. Source: Saipem Baleine Phase 3 will increase total field production from 60,000 to 150,000 barrels per day and gas output from 80 to 200 million cubic feet p

S. distillate and jet fuel exports reached record highs in the second quarter as disruptions to supplies through the Strait of Hormuz also tightened global refined product markets

The price of Brent crude oil began the quarter above $100/b, as disruptions to international crude oil flows through the Strait of Hormuz reduced access to crude oil for much of the world and led many countries in the Middle East to shut in crude oil production

Uncertainty around reopening the Strait of Hormuz to shipping traffic contributed to highly volatile prices in April and May, with an average daily price swing of $4/b in the Brent crude oil price, compared with $1/b in the same months in 2025. From May 18 to June 17, negotiated ceasefires and growing market anticipation for the resumption of shipping traffic through the Strait of Hormuz led the Brent crude oil price to decline by an average of more than $1/b per day (d)