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World Oil News
SandRidge Energy will acquire producing assets and leasehold interests in the Cherokee Play for $65 million, adding approximately 3,000 boed of production and expanding its Mid-Continent drilling inventory. Source
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After a fresh round of U.S. and Iranian strikes raised new concerns over Strait of Hormuz shipping, Washington and Tehran are preparing to resume talks in Doha as oil markets weigh the prospects for a lasting de-escalation. Source
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SBM Offshore has secured $465 million in financing for FSO Chalchi, the floating storage and offloading vessel that will support Woodside’s Trion deepwater development offshore Mexico. Source
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Op-Ed: As Nigeria seeks to attract new upstream investment, the Dawes Island licensing dispute highlights why regulatory certainty and consistent license enforcement matter to operators and investors alike. Source
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Zephyr Energy has doubled its operated acreage around the White Sands Unit in Utah’s Paradox basin, expanding development opportunities as the company advances farm-out discussions. Source
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Magnolia Oil & Gas has emerged as the leading bidder to acquire WildFire Energy in a deal valued at more than $4 billion, according to Bloomberg. If completed, the deal would significantly expand its Eagle Ford footprint and mark the company’s largest acquisition to date. Source
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A Paris court has rejected efforts to block TotalEnergies from pursuing new oil and gas projects while directing the company to update its climate vigilance plan to address Scope 3 emissions. Source
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Monumental Energy and NZEC have developed a proprietary chemical formulation aimed at improving flow assurance and reducing wax buildup in New Zealand’s Taranaki Basin, with field pilot testing now planned. Source
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Production at Kazakhstan’s Karachaganak field has been cut by more than one-quarter after a drone attack forced the shutdown of a Russian gas-processing plant that handles associated gas from the giant oil and gas development. Source
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Evolution Well Services has received ExxonMobil’s 2025 Supplier Excellence Award for its operational performance and electric hydraulic fracturing support in the Permian basin. Source
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