Iran Sneaks 12 Million Barrels Past Renewed U.S. Oil Blockade
In a sophisticated evasion of renewed American sanctions, Iranian supertankers successfully transported approximately 12 million barrels of crude oil immediately following the expiration of U.S. waivers on July 7. This massive movement of oil highlights the ongoing challenges Washington faces in enforcing a total embargo on Iranian energy exports. The timing of the shipments, occurring just as the U.S. declared a reinforced blockade on Iranian ports, underscores Tehran's determination to maintain its vital cash flows despite intense geopolitical pressure.
OilPrice · July 14, 2026
SLB OneSubsea wins EPC contract for Baleine phase three
Eni's award of the Phase 3 subsea production contract for the Baleine field to SLB OneSubsea marks a critical acceleration of Africa's first net-zero emissions Scope 1 and 2 development. This contract underscores the industry's shift toward fast-track deepwater projects utilizing standardized subsea technology to shorten the cycle from discovery to first oil. For the global offshore sector, this demonstrates how major operators are leveraging joint-venture capabilities like OneSubsea to de-risk complex deepwater execution in frontier basins.
Offshore Technology · July 14, 2026