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World Oil News
Eni has signed a petroleum exploration, development and production agreement with The Gambia for offshore Block A1, adding 1,300 sq km of deepwater acreage in a hydrocarbon-proven region of the Atlantic margin to its exploration portfolio. Source
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The Railroad Commission of Texas assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, including fines issued through both default and agreed orders related to oil and gas and pipeline safety compliance. Source
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Sonardyne and AMOG have signed an agreement to develop an integrated subsea asset monitoring service combining underwater monitoring technology and engineering analysis to support offshore moorings, pipelines, risers and asset integrity programs. Source
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The Trump administration’s first Arctic National Wildlife Refuge lease sale drew bids from only two participants—Alaska’s state development authority and independent operator Hex Energy—while major oil companies stayed on the sidelines. Source
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At ARPEL 2026, industry leaders said Latin America’s biggest challenge is no longer resource availability, but building the infrastructure and regulatory certainty needed to turn that potential into reliable energy supply. Executives pointed to Vaca Muerta as a model for future regional growth. Source
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Returning for its fifth edition, LEES 2027 will advance Libya’s $18 billion energy pipeline, targeting 1.6–2 million bpd, gas megaprojects and renewables. Source
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BOURBON has appointed former Subsea7 executive Olivier Blaringhem as chief executive officer, effective Sept. 14, as the offshore services company continues fleet expansion and growth in key offshore markets including West Africa and Guyana. Source
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The Trump administration is opening sealed bids for nearly 690,000 acres in Alaska’s Arctic National Wildlife Refuge, setting up a key test of industry interest in one of North America’s most prospective—and politically contentious—oil and gas regions. Source
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The Energy NL Conference & Exhibition concluded with discussions focused on offshore development, energy security, regulatory certainty and Newfoundland and Labrador’s growing role in supplying energy to global markets. Source
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SBM Offshore plans to divest a 45% ownership stake in the FSO Chalchi project to NYK while retaining majority ownership. The floating storage and offloading vessel is being developed for Woodside’s Trion deepwater project offshore Mexico. Source
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