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World Oil News
Viridien has launched a 4,300-sq-km seismic reimaging program over offshore Angola’s Block 22, applying advanced imaging technologies to support the country’s upcoming licensing round and sharpen exploration insight in the Kwanza Basin. Source
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Chevron CEO Mike Wirth says the company is in discussions with the Trump administration to ensure continued compliance with U.S. sanctions while maintaining operations in Venezuela, where Chevron remains the last U.S. oil major operating. Source
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INA has confirmed new offshore gas reserves in Croatia’s Northern Adriatic after early production testing delivered 120,000 cu m/day from a new development well. The project marks the start of a broader offshore drilling campaign planned through 2026. Source
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NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned. Source
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IWCF has launched its new “Quality Assured” framework, providing independent endorsement for non-accredited well control training and aiming to strengthen consistency, competence and safety standards across the global oil and gas industry. Source
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EnerMech has secured a key pre-commissioning contract from Bechtel for Woodside’s Pluto LNG Train 2 project in Western Australia. The scope includes chemical cleaning of critical systems as the 5-MMtpa LNG expansion prepares to move toward commissioning. Source
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Kistos has made its first move into the Middle East, agreeing to acquire onshore interests in Oman’s Blocks 9 and 3 & 4 in a $148-million deal with Mitsui. The transaction adds immediately cash-generative, liquids-weighted production and over 25 MMboe of net reserves. Source
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ExxonMobil has raised its 2030 outlook, projecting stronger upstream earnings and cash flow growth without increasing capital spending. The updated plan highlights accelerated production growth in the Permian, Guyana and LNG, deeper cost reductions, and earlier-than-expected emissions targets. Source
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McDermott has secured an EPCIC contract from PETRONAS Carigali Brunei for a major offshore gas development, covering subsea systems and a gas export pipeline that will support Brunei’s LNG sector. Source
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Shell is reportedly seeking a partner for its Gato do Mato offshore oil project in Brazil as it looks to share the capital burden of a multibillion-dollar deepwater development. The move would allow Shell to remain operator while bringing in additional investment as the project advances toward first production later this decade. Source
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