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World Oil

@worldoil

World Oil provides the latest news and trends in the exploration, drilling and completion of onshore and offshore oil and gas.

ID: 23082924

linkhttp://www.worldoil.com calendar_today06-03-2009 16:22:02

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The #Trump administration will purchase 1 million barrels of crude oil to begin replenishing the U.S. Strategic Petroleum Reserve (SPR), marking the first step toward restoring the nation’s emergency supply following years of drawdowns. ow.ly/MVso50XfU8B

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Galp Energia is expanding #upstream exploration in frontier markets such as #Namibia and São Tomé and Príncipe amid resilient global oil demand. “Europe still needs fossil fuels," a board member commented on Tuesday. #GalpEnergia ow.ly/hZNx50Xg1JB

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Saudi Arabia’s fiscal and current accounts would benefit most from a rebound in #oilprices and production, according to the International Monetary Fund, despite the government’s progress in diversifying the $1.2 trillion economy. #SaudiArabia ow.ly/b7k450XglZK

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You’re invited to the 2025 𝐖𝐨𝐦𝐞𝐧’𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 (𝐖𝐆𝐋𝐂), Oct 28–29 in Houston! Join executives & innovators for 2 days of leadership, connection & inspiration. Save 10% with code WO10 → WGLConference.com

You’re invited to the 2025 𝐖𝐨𝐦𝐞𝐧’𝐬 𝐆𝐥𝐨𝐛𝐚𝐥 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐂𝐨𝐧𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 (𝐖𝐆𝐋𝐂), Oct 28–29 in Houston!
Join executives & innovators for 2 days of leadership, connection & inspiration.

Save 10% with code WO10 → WGLConference.com
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- Halliburton & VoltaGrid are collaborating to develop and deploy distributed power generation systems designed to meet the surging energy needs of the global #DataCenter industry, with the first projects planned for the #MiddleEast ow.ly/rPGa50XgpvO

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🚨NEW PODCAST: In this episode, we talk with Shivangi Gupta, Academy Hub Manager at Kongsberg Digital. Discover how Kongsberg Digital’s Academy is revolutionizing onboarding and continuous learning for users of their advanced digital products. 🎧LISTEN: ow.ly/HSAb50Xgtgf

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- Shell has appealed a South African court ruling that overturned the environmental permit for offshore Block 5/6/7, a key exploration license once held by TotalEnergies. ow.ly/lvWg50Xgx4y

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#Brazil sold 5 of 7 blocks offered in an oil auction on Wednesday to majors including @Petrobras and Equinor ASA in a sign of renewed interest in #deepwater exploration off the country’s southern coast despite low oil prices. ow.ly/pYjP50Xgxp2 #oilprices #offshoreBrazil

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U.S. oil and gas mergers and acquisitions dropped to $9.7 billion in Q3 2025, marking the third straight quarterly decline, according to Enverus Intelligence Research. Analysts cite persistently low crude prices and fewer private-equity exits. ow.ly/4SMw50XgH2J

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U.S. sanctions targeting Russian oil producers rosneft and Lukoil are unsettling China’s oil industry, which relies on Moscow for up to 20% of its crude imports. ow.ly/fKUU50XgV4x #sanctions #RussianOil

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The U.S. Department of Energy (DOE) has issued the final non-Free Trade Agreement (non-FTA) export authorization for Venture Global's CP2 #LNG facility in Cameron Parish, Louisiana — a key regulatory milestone. U.S. Department of Energy ow.ly/U8xC50XgY78

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🚨BREAKING: JERA is expanding its U.S. upstream portfolio with a $1.5 billion acquisition in Louisiana’s #Haynesville shale. The deal adds 500 MMcf/d of output and aims to boost production to 1 Bcf/d, strengthening JERA’s #LNG value chain. ow.ly/oKUz50Xh3jR

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- Aker BP ASA reported strong Q3 results with 414,000 boed production and a major Omega Alfa discovery in Norway’s #Yggdrasil area. The find ranks among the largest on the Norwegian Continental Shelf in a decade. ow.ly/gFKw50Xh6KL

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- @Tampnet will provide advanced digital connectivity infrastructure—including #subsea fiber and private 5G—for LLOG Exploration’s Salamanca #deepwater development in the U.S. Gulf of America/Gulf of Mexico. ow.ly/cpyy50Xh9Qz

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- bp and Japan’s JERA are winding down their U.S. #OffshoreWind joint venture, JERA Nex bp, citing an unfavorable policy environment under the #Trump administration. ow.ly/UBWq50Xhf9x

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🚨 JUST IN: #Trump has reopened Alaska’s #Arctic National Wildlife Refuge for oil & gas leasing, reversing a Biden-era ban. A lease sale is planned this winter as part of efforts to boost U.S. fossil fuel production. #arcticdrilling #NorthSlope Read more: ow.ly/Bcbs50XhgI7

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Baker Hughes has won the NOIA ESG Excellence Award, recognizing its leadership in offshore sustainability, data-driven emissions reduction, and responsible energy operations across more than 3,000 wells worldwide. Baker Hughes ow.ly/EVQR50Xhlme

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The Tony Blair Institute is urging the UK government to delay its 2030 clean power target and adopt a more gradual approach to #decarbonization. Tony Blair Institute for Global Change ow.ly/yUbT50XhyjZ

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Velesto Energy and ICON Engineering have signed an agreement to deliver rig-installed wellhead platforms for offshore Malaysia. ow.ly/zYxC50XhFi2 #VelestoEnergy #ICONEngineering #offshore #Malaysia

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#Exclusive -- Exploration and production companies are being driven by economic and environmental opportunities to stop flaring.  ow.ly/arzK50XhGWy #gasflaring #exploration #production #upstream #Merichem #sourgas

#Exclusive -- Exploration and production companies are being driven by economic and environmental opportunities to stop flaring. 

ow.ly/arzK50XhGWy

#gasflaring #exploration #production #upstream #Merichem #sourgas