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World Oil News
President Donald Trump said Chinese President Xi Jinping supports diplomatic efforts to reopen the Strait of Hormuz as Gulf shipping disruptions and vessel security incidents continue to pressure global oil and LNG markets. Source
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The Louisiana Legislature has unanimously endorsed the proposed Argent LNG export facility at Port Fourchon, backing development of the 25-MMtpa project as it advances through the federal permitting process. Source
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Decom Engineering has appointed Keith McDermott as chairman as the company expands its offshore decommissioning, subsea engineering and industrial cutting technology operations across global energy markets. Source
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DNV has released a new position paper arguing that digital trust frameworks are essential for safely scaling artificial intelligence across energy networks as utilities and operators increase reliance on AI-driven systems and real-time automation. Source
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ABL has been appointed marine warranty surveyor for Subsea7’s transportation and installation campaign supporting the Mero 3 and Mero 4 offshore Brazil developments in the Santos basin. Source
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A White House official said Chinese President Xi Jinping expressed interest in increasing U.S. oil purchases to reduce China’s dependence on the Strait of Hormuz as disruption to Middle East energy flows continues to pressure global markets. Source
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Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S. energy security and weaken the dollar’s dominance in global oil markets. Source
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Cognite has launched Cognite Flows, an AI-native industrial workflow platform designed to integrate operational data, applications and AI-driven insights into a unified interface for industrial and energy sector users. Source
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Senegal is advancing plans for the $7.5 billion Yakaar-Teranga gas project as the country seeks to reduce energy subsidies, expand domestic gas use and strengthen its position as an emerging West African energy producer. Source
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Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking China’s first ultra-deep shale gas field with reserves exceeding 100 Bcm. Source
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