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World Oil News
Guyana is entering a new phase in the evolution of its Local Content Act as offshore oil and gas activity continues to accelerate and the government moves to refine implementation of the framework. Source
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OEG is ramping up OPITO-accredited helicopter refueling training as the offshore sector prepares for mandatory CAA CAP 437 certification requirements for helicopter landing areas expected in 2026. Source
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New Scotland-wide polling shows strong public support for full North Sea oil and gas development, highlighting concerns over jobs, imports, and UK energy security. Source
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New Scotland-wide polling shows strong public support for full North Sea oil and gas development, highlighting concerns over jobs, imports, and UK energy security. Source
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Mitsubishi Corporation is entering the U.S. shale gas market with a $5.2-billion acquisition of Aethon Energy’s Haynesville Shale assets in Louisiana and Texas. The deal adds about 2.1 Bcf/d of gas production and strengthens Mitsubishi’s integrated LNG value chain with access to Gulf Coast export infrastructure. Source
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Low oil prices are forcing a rare pause in Bakken drilling, as Continental Resources founder Harold Hamm says margins have largely disappeared. Source
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Chevron has taken a final investment decision to expand production at the Leviathan natural gas field offshore Israel, boosting gas supply to regional markets including Israel, Egypt and Jordan later this decade. Source
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The UAE’s ADNOC is evaluating a potential investment in Venezuela’s natural gas sector via its international investment arm XRG, contingent on clear legal and financial frameworks and potential coordination with the U.S. administration. Source
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U.S. oil producers will need firm guarantees against asset seizures before returning to Venezuela, according to shale executive and Trump Ally Harold Hamm, underscoring the geopolitical risks still shaping investment decisions. Source
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Private equity remains active in U.S. shale: Lime Rock Partners has committed equity to Athena Energy, backing a former Ensign management team targeting acquisitions and development opportunities in the Eagle Ford Shale. Source
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