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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

Iran: Get ready for $200 oil. IRGC fires on more ships in the Gulf

Illustration of the Irpa tie-back system connecting the subsea template to the Aasta Hansteen spar platform—showcasing flowline, MEG line, and control umbilical infrastructure redefining deepwater subsea economics in the Norwegian Sea.

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Energy Industry News

Can Irpa redefine subsea tie-back economics in the Aasta Hansteen gas field region?

Explore how Irpa's tie-back to the Aasta Hansteen gas field could reshape subsea economics, extend production to 2039, and set a new benchmark for Arctic gas.

byPallavi Madhiraju

July 11, 2025

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