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World Oil News
VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire, obtaining a 70% working interest and a 100% paying interest though a commercial carry arrangement and partnership with Ivory Coast Exploration Oil & Gas SAS and PETROCI. Source
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Whitewater Management has acquired Orion Water Solutions. The acquisition positions Whitewater and its production chemical company Catalyst Production Services for continued growth while strengthening its water treatment services across a range of industries, including oil and gas. Source
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Baker Hughes and Frontier Infrastructure have announced a strategic partnership to accelerate the deployment of large-scale carbon capture and storage (CCS) and power solutions in the U.S. Source
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Colombia’s President Gustavo Petro is expected to name Edwin Palma as the nation’s new energy minister. Palma, the former head of Colombia’s main oil workers union, will have to pursue Petro’s pledge to reduce the nation’s dependence on fossil fuels. Source
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Colombia’s Gustavo Petro is expected to name Edwin Palma as the nation’s new energy minister. Palma, the former head of Colombia’s main oil workers union, will have to pursue Petro’s pledge to reduce the nation’s dependence on fossil fuels. Source
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The African Energy Chamber (AEC) recently met with Equatorial Guinea’s National Council for Economic and Social Development (CNDES) to explore strategic cooperation aimed at maximizing the country’s oil and gas sector development. Source
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Equinor ASA has discussed selling stakes in Argentine shale oil assets to its joint venture partner, state-run oil company YPF SA. According to a person familiar with the matter, Equinor, Norway’s biggest oil company, has started a process to value and assess the assets. Source
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The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio’s efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025. Source
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Kongsberg Maritime will supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for a leading oil & gas company. Source
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The Texas Alliance of Energy Producers and the Independent Petroleum Association of America (IPAA) have both released statements applauding energy leaders in the U.S. House and Senate in eliminating a costly and harmful EPA rule put into place late last year.  Source
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