World Oil

11/03/2025

Shell is investing about $1 billion to develop new offshore blocks in — part of the country’s drive to sustain output above 1 MMbpd. The deal with ANGP covers Blocks 19, 34, 35 and 14 additional ultra areas.

Shell will invest about $1 billion on new oil blocks in Angola as the southern African nation seeks to boost production that’s dwindled over the...

11/03/2025

: As AI drives a nationwide boom in data centers, the oil and gas sector is emerging as an unlikely enabler—offering land, natural gas and produced water to power the next generation of computing.

The Data Center landscape. We previously discussed the impact that Data Centers might have in the oil and gas industry, but as time passes, this impact seems to be much larger than I previously anticipated. We are seeing a Data Center boom in the U.S., as we try to outpace China and the rest of the....

11/03/2025

🌍 Optimizing Efficiency & Sustainability in Well Abandonment

Join Baker Hughes experts in an upcoming webcast as they discuss innovative strategies to improve operational efficiency and minimize environmental impact during well abandonment operations.

Discover how to:
⚙️ Reduce trips to lower time, costs, and emissions
💡 Leverage automation and digital technologies for smarter, data-driven interventions
🌐 Transition from rig-based to rigless, and riser-based to riserless operations
🔋 Enhance task certainty through electrification, risk mitigation, scope optimization, and remote operations

This session will showcase how advanced automation and digital solutions are driving safer, more sustainable, and more efficient well abandonment operations worldwide.

🔗 https://event.on24.com/wcc/r/5091810/57185C8D1FD0BAF05E070087067DC568?partnerref=SocialMedia

11/03/2025

Flotek Ind's XSPCT™ optical spectrometer is the first optical instrument to meet the GPA 2172 (API 14.5) standard for custody transfer accuracy — a key benchmark for measurement across the industry.

Flotek Industries’ XSPCT™ spectrometer has become the first optical system to meet GPA 2172 custody transfer standards for natural gas measurement. The real-time technology delivers faster, more accurate data than traditional gas chromatography.

11/03/2025

Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of new processing capacity and strengthening power generation across the region.

Dana Gas and Crescent Petroleum have completed the $1.1 billion KM250 expansion at Iraq’s Khor Mor field eight months early, adding 250 MMscf/d of...

11/03/2025

🚨Two leaders join forces:
SM Energy and Civitas Resources will merge in a $12.8 billion all-stock deal, combining high-return and DJ assets, driving $200 million in synergies and long-term capital returns.

SM Energy and Civitas Resources have agreed to merge in an all-stock transaction valued at $12.8 billion, forming one of the largest independent oil-focused producers in the U.S. The combination delivers 526 Mboe/d of output, $1.4 billion in free cash flow, and $200 million in annual synergies.

11/03/2025

Automation is reshaping frac completions:
In this episode of World Oil's Deep Dive, TechnipFMC's Corey Massey explains how the iComplete® ecosystem delivers continuous efficiency and safety through real-time, autonomous control.

LISTEN NOW: https://ow.ly/ejgO50XlyQ2

11/01/2025

Op-Ed: Namibia’s Orange basin nears FID — what comes next?

As the advances toward a 2026 final investment decision, former Energy Minister Tom Alweendo outlines key priorities — from port infrastructure and local content to streamlined permitting — that will determine if can turn discovery momentum into long-term investment.

Op-Ed: As Namibia’s Orange basin edges toward a 2026 final investment decision, Tom Alweendo outlines critical priorities in ports, local content,...

11/01/2025

ExxonMobil reported third-quarter 2025 earnings of $7.5 billion, highlighting record upstream performance across its global portfolio, led by major gains in the basin and offshore .

ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition.

10/31/2025

's Q3 earnings topped analyst forecasts as the company’s $53 billion acquisition boosted global oil production and cash flow. Output rose 21% to 4.1 MMboed, supported by Hess’ stake in 's Stabroek Block.

Chevron’s third-quarter earnings topped analyst forecasts as the company’s $53 billion Hess acquisition boosted global oil production and cash flow. Output rose 21% to 4.1 MMboed, supported by Hess’ stake in Guyana’s Stabroek Block.

10/31/2025

🚨 Operational Update: Sunda Energy is ramping up operations in Southeast Asia — advancing the Chuditch-2 appraisal well offshore Timor-Leste and expanding its portfolio with new upstream assets in the Philippines.

https://ow.ly/N1JV50Xl3Fb

Sunda Energy is advancing preparations for the Chuditch-2 appraisal well offshore Timor-Leste, targeting drilling in early 2026, while expanding...

10/31/2025

SLB OneSubsea has won two EPC contracts with PTTEP to deliver subsea production systems for offshore .

SLB OneSubsea has been awarded two EPC contracts by PTTEP to deliver subsea production systems for Malaysia’s deepwater Alum, Bemban, Permai, and...