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World Oil News
Today, Venture Global along with federal and state officials announced plans for a brownfield expansion at its Plaquemines LNG facility south of New Orleans, Louisiana. The planned expansion will bring the expected total production capacity to over 45 MTPA at Plaquemines. Source
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Tanzania aims to start a licensing round for dozens of oil and gas exploration blocks in May, the first in more than a decade for the nation with an estimated 57 trillion cubic feet of natural gas reserves. Three of the 26 blocks are in Lake Tanganyika and the rest in the Indian Ocean. Source
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Aminex, the oil and gas exploration and development company focused on Tanzania, announced several key operations updates on its Ntorya gas development, including a successful seismic program, and plans for field and pipeline development. Source
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Expro has secured more than $10 million in major contracts from OMV Petrom for the Neptun Deep gas project in the Black Sea. The contracts involve Expro’s subsea landing string (SSLS), SeaCure® cementing technology, tubular running services (TRS) and Coretrax Advance drilling tools. Source
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The cost of Oman crude on the Gulf Mercantile Exchange slipped below Brent on Tuesday for the first time since late 2024, according to data compiled by Bloomberg. That marks the end of the Middle Eastern grade’s longest run of premiums over the global benchmark since 2023. Source
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Libya’s oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. The bid round is expected to attract foreign investors and drive exploration activities across Libya’s resource-rich basins. Source
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STATS Group, a global provider in pipeline isolation and connection solutions, is tackling critical challenges in offshore infrastructure and revolutionizing subsea pipeline tie-ins with its advanced mechanical hot tap clamps and proprietary intervention technologies.  Source
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SLB today launched EWC™ electric well control technologies, which reduce capex and opex, while making mission-critical drilling operations safer. EWC technologies replace hydraulics with a simplified electric power system, SLB stated. Source
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TDI-Brooks recently conducted seismic site surveys and pipeline route assessments for SPDC offshore Nigeria, deploying its survey vessel, R/V PROTEUS to identify potential drilling hazards and risks along the proposed pipeline route. Source
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A Fluor-led joint venture has successfully supported completion and startup of Tengizchevroil’s (TCO) Future Growth Project (FGP) at the Tengiz oil field in Kazakhstan. A new Third-Generation Plan (3GP) was built at the Tengiz oil field, marking a ramp-up for crude production in the coming months. Source
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