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World Oil News
SLB and AIQ are scaling deployment of the ENERGYai agentic AI platform across ADNOC’s upstream operations, with full rollout expected by late 2025 to enhance seismic analysis, modeling, and productivity. Source
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ConocoPhillips is divesting its Anadarko basin assets for $1.3 billion, surpassing its $2 billion divestiture target early as part of a broader portfolio streamlining effort following the Marathon Oil integration. Source
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Occidental has raised $950 million through recent Permian asset sales and repaid $7.5 billion in debt since July 2024, continuing its post-CrownRock strategy to streamline operations and strengthen its balance sheet. Source
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Yinson Production has acquired the $409 million FPSO Atlanta loan from Brava Energia in a $257 million cash deal, reinforcing its ownership position following first oil in December 2024. Source
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Golar LNG has secured a 20-year FLNG charter with Southern Energy S.A. in Argentina, generating $400 million per year plus upside tied to LNG pricing. Delivery of the MK II unit is expected in 2028. Source
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Civitas Resources has sold $435 million in non-core DJ Basin assets and named Wouter van Kempen as interim CEO, aligning its portfolio strategy with leadership changes and a focus on debt reduction and shareholder value. Source
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Gulf Energy Information has announced the finalists for the 2025 Excellence Awards, honoring breakthrough technologies and projects in upstream, midstream and downstream sectors. The black-tie gala will be held Oct. 16 at The Post Oak Hotel in Houston. Source
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Blackstone will acquire energy analytics leader Enverus, expanding its portfolio in AI-driven energy intelligence as the sector faces rapid electricity demand growth and the energy transition. Source
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SENS has unveiled the SuperTorque 8ZR, a compact DC genset starting system offering higher reliability, reduced maintenance, and significant cost savings for mission-critical power applications. Source
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ADNOC Gas has announced Q2 2025 results, with net income rising by 16% year-on-year (YoY) to a record $1.385 billion and EBITDA increasing by 8% YoY to $2.256 billion.  Source
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