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World Oil News
DNO has revised its proposed acquisition of Capricorn Energy to an all-cash offer, providing shareholders the full acquisition value in cash under the amended transaction. Source
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Strikes on Qatar’s North Field and Iran’s South Pars have disrupted the world’s largest gas resource, with Wood Mackenzie estimating 4.5 Bcfd of Qatari processing capacity affected and repairs of up to $5.8 billion. Source
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Petrobras has signed production-sharing agreements for eight offshore exploration blocks in Côte d’Ivoire, taking a 90% operated interest alongside state-owned PETROCI Holding. Source
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Zupt is deploying its 3D Recon V2 imaging system for a U.S. Gulf inspection campaign, using high-resolution 3D models to support subsea asset integrity assessments. Source
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Xodus estimates the Asia Pacific CCUS market could reach £187.8 billion by 2035 as countries advance carbon capture, cross-border CO₂ transport and geological storage projects. Source
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Denholm Pipetech has opened a new facility in Sandnes and invested more than NOK 6 million in equipment and upgrades as it expands its flow remediation business across the Norwegian Continental Shelf. Source
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CoreMarine has acquired Brazil-based BravOcean, adding local subsea installation and project management capabilities as it expands in Brazil’s offshore and deepwater market. Source
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California Resources has agreed to sell its Uinta basin assets for approximately $90 million, divesting non-core properties acquired through the Berry merger as it focuses its portfolio on California. Source
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Enverus says markets may be pricing refinery recovery too quickly, with war damage potentially keeping significant Middle Eastern and Russian capacity constrained into late 2027. Source
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The U.S. House has passed the bipartisan TWICE Act, legislation aimed at improving access to TWIC credentials and expanding the available workforce for maritime and offshore energy jobs. Source
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