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World Oil News
Antero Resources has announced a major Marcellus expansion with a $2.8 billion acquisition of HG Energy’s upstream assets, paired with an $800 million divestiture of its Utica position. The deal reshapes the company’s portfolio heading into 2026 and sharply boosts its Appalachia production outlook. Source
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PTTEP has approved a $33.3 billion five-year plan and a $7.7 billion budget for 2026, targeting production growth, accelerated global project development, and major decarbonization initiatives as Thailand works to strengthen long-term energy security. Source
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EIA and Macquarie offer starkly different views on 2026 oil and gas prices, with both warning of oversupply but diverging on how steep the decline may be. Here’s what to watch. Source
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Chandler Engineering has introduced the 6700-M Mini Loop, a compact flow loop system engineered to deliver precise friction pressure testing for slickwater fracturing fluids, supporting laboratory and field optimization. Source
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Eco Atlantic’s new strategic partnership with Navitas Petroleum adds fresh momentum to South Africa’s Orange basin, signaling renewed upstream interest and potential drilling acceleration across one of Africa’s most closely watched offshore frontiers. Source
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Rystad Energy says digitalization could save oil and gas operators more than $320 billion in five years, as drilling optimization, robotics, predictive maintenance and new tech partnerships reshape the OFS sector. Source
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Equinor and Aker BP have uncovered new gas and condensate volumes in Norway’s North Sea, with early estimates pointing to up to 113 million boe and tie-in potential to nearby infrastructure. Source
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The American Petroleum Institute (API) is praising the Trump administration’s proposal to revise U.S. Corporate Average Fuel Economy (CAFE) standards, arguing the move will preserve consumer choice and support stable domestic energy demand. Source
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Chevron is continuing routine flights to Venezuelan oil sites despite U.S. airspace warning, with the company stressing full regulatory compliance and prioritizing worker safety amid heightened regional navigation risks. Source
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Chevron has unveiled a 2026 capex budget of $18–$19 billion, with major spending directed toward U.S. shale, offshore growth in Guyana and the Gulf, and lower-carbon investments. Source
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