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World Oil News
Ashtead Technology and Ocean Science Consulting have formed a strategic alliance to offer integrated environmental monitoring and compliance services for offshore wind and oil-and-gas projects. The partnership combines Ashtead’s subsea technology fleet with OSC’s noise-monitoring and regulatory-reporting expertise. Source
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U.S. shale companies are expected to prioritize hedging strategies over ramping up drilling activity, despite former President Trump’s call to increase output following U.S. strikes on Iranian nuclear sites. Analysts say sustained price increases — not short-term volatility — are needed to spur new investment. Source
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Equinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development, Equinor announced Thursday. The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C in the North Sea. Recoverable volumes are estimated at 116 MMboe, and production...
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Texas Railroad Commissioner Wayne Christian announced the launch of the Delivering Oil and Gas Efficiently (DOGE) Task Force today, a new internal initiative focused on improving processes, enhancing communication, and strengthening the Railroad Commission of Texas as a responsive, pro-business agency. Source
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The remote operations capabilities of the ABB Ability™ System 800xA® distributed control system (DCS) has received a statement of professional opinion by DNV, the global quality assurance and risk management company that helps set industry standards and ensure compliance with regulations and best practices. Source
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Energy Transfer has signed an incremental Sale and Purchase Agreement (SPA) with Chevron for additional LNG supply from its Lake Charles LNG export facility. The 20-year agreement for 1.0 MMtpa increases Chevron’s total contracted volume from Energy Transfer LNG to 3.0 MMtpa. Source
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Woodside Energy has completed its sell-down of a 40% interest in Louisiana LNG to global investment firm Stonepeak. Under the transaction, Stonepeak will provide $5.7 billion towards the capital expenditure for the development of Louisiana LNG. Source
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The Forum Energy Technologies (FET) Subsea product line has secured a contract to provide two work class remotely operated vehicles (ROVs) to CCC Underwater Engineering (CCC UE), the UAE-based offshore construction organization. Source
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Shell Plc denied a Wall Street Journal report that it is in active talks about acquiring its London-based oil rival bp Plc. “This is further market speculation. No talks are taking place,” a Shell spokesperson said. Source
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Enverus has released its annual list of the most prolific 100 private oil and gas producers in the U.S. based on gross operated production, well count and rig movements across last year. Continental Resources remains in the top position, with Mewbourne Oil and Aethon Energy taking second and third place, according to Enverus. Source
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