Oil rose $2 a barrel on Monday on the prospect of even tighter supplies loomed over the market as the Group of Seven nations promised to tighten the squeeze on Russian President Vladimir Putin's war chest while actually lowering energy prices.

A length of road near the Gordie Howe International Bridge jobsite reopened on June 23 following an 18-day closure after a 100-foot-long section of the street collapsed inward during construction of the $4.5 billion bridge connecting Detroit and Windsor, Ontario. 

Growing demand and tightening environmental regulations make for a mixed outlook for the oil and gas industry.

In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard. Though the malware attack never controlled the vessel’s movement, authorities concluded that weak defenses exposed critical functions to “significant vulnerabilities.”

Oil and gas exploration company Eco (Atlantic) Oil & Gas has inked a deal to acquire additional interest in a block located offshore South Africa, south of recent discoveries made by oil majors Shell and TotalEnergies off Namibia.

Neptune Energy, ExxonMobil subsidiary XTO Netherlands, Rosewood Exploration and EBN Capital B.V. signed a cooperation agreement to progress the L10 large-scale offshore carbon capture and storage project in the Dutch North Sea.

Petrobras has approved BW Energy’s offer to acquire the producing Golfinho and Camarupim clusters in the post-salt Espírito Santo Basin offshore Brazil.

To accelerate maritime decarbonisation, the two parties will explore the use of zero and low-carbon marine fuels such as e-methanol, e-methane and biofuels for commercial shipping. Research on technologies such as carbon capture solutions is another objective of the MOU.

Less than three years after the initial exploratory discovery well was drilled, LLOG Exploration, a U.S. oil and gas operator, has kicked off the first production from a deepwater two-well subsea development, located in the U.S. Gulf of Mexico.

H2 Green, a Getech business, has signed a deal with Shoreham Port to develop a renewable energy hub that will remove emissions from its fleet of trucks and HGVs and be a catalyst for the wider region’s transport decarbonization.