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World Oil News
Vista Energy plans to nearly double shale output in Argentina by 2030 as President Javier Milei advances sweeping reforms to boost investment and competitiveness in the Vaca Muerta basin. CEO Miguel Galuccio said tax and labor changes could unlock major gains for Argentina’s growing shale sector. Source
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TGS and Viridien have released early out results from the Laconia Phase III ultra-long offset OBN survey in the Gulf of America, revealing significant imaging uplift across the 151-block Outer Continental Shelf area. Source
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In a new op-ed, African Energy Chamber Chairman NJ Ayuk emphasizes that responsible oil and gas production is essential for Africa’s economic growth, energy security, and poverty reduction, despite mounting global pressure to curb exploration. Source
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Namibia is moving to bring its oil and gas sector under presidential control as it prepares to join the ranks of Africa’s oil producers. The proposed reform follows major offshore discoveries by TotalEnergies, Shell and Galp, marking a new phase in Namibia’s energy governance and exploration growth. Source
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Chevron has chosen West Texas as the site of its first natural gas-fired power project supplying energy directly to a data center, marking its entry into the fast-growing AI infrastructure sector. Source
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Anasuria Operating Company has selected MODS Connect WorkPack and MODS Connect Completions under a new 12-month contract to digitalize project execution and completions across its UK North Sea assets. Source
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VAALCO Energy is advancing major operational projects across Africa, including a late-2025 drilling campaign in Gabon, the Baobab FPSO refurbishment in Côte d’Ivoire, and new well completions in Egypt. The company also continues progress on the Venus development offshore Equatorial Guinea. Source
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North Dakota’s Industrial Commission has awarded $45.1 million in matching grants to advance Enhanced Oil Recovery (EOR) projects in the Williston basin. The funding supports pilots by Chord Energy, Continental Resources, Devon, Cobra, and the EERC to boost recovery and extend field life for decades. Source
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ADNOC Logistics & Services reported record nine-month 2025 results with revenue up 39% and net profit up 9% year-on-year, supported by strong Q3 performance and growth across all business lines. The company raised its full-year dividend 20%, secured major contracts, and advanced digital and fleet expansion initiatives. Source
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Kenya’s Gulf Energy plans to start oil production from the former Tullow Oil fields in the South Lokichar basin by December 2026, following government approval of its field development plan. The $120 million acquisition marks a major step toward Kenya’s first commercial oil output. Source
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