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World Oil News
Empire Petroleum has completed a 21,006-ft re-entry and subsurface evaluation of a legacy Texas well, obtaining modern logs and cores across deeper Western Haynesville targets while advancing plans for additional development. Source
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Moody’s Ratings says E&P companies led global oil and gas credit upgrades in H1 2026 as higher crude prices strengthened earnings expectations, while U.S. onshore OFS demand remains subdued. Source
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Part 2: Erosion, due to entrained sand, is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.  Source
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Erosion due to entrained sand is a growing problem, and existing technologies have limitations, but new solutions are available to address this issue.  Source
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YPF, Eni and XRG have sought RIGI approval for their $51 billion Argentina LNG development, which would connect Vaca Muerta gas production with two FLNG units totaling 12 MMtpa of export capacity. Source
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Chevron has made a new oil and gas condensate discovery in Angola’s offshore Block 0, encountering more than 300 ft of net pay as the operator evaluates a potential tieback to nearby infrastructure. Source
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Kolibri Global Energy increased second-quarter production 46% to 4,690 boed as new wells came online, while preparing to fracture stimulate three Clifton Mack wells and drill its first two-mile lateral targeting the False Caney. Source
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Petrobras has identified hydrocarbons at the ultra-deepwater Morpho well offshore Amapá, marking its first discovery in the area as the operator evaluates the frontier Foz do Amazonas basin. Source
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API and Mexico’s Instituto Mexicano del Petróleo are expanding technical cooperation on oil and gas standards, training and certification, with additional work planned around methane, CCS and offshore pipeline safety. Source
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Metatek will conduct a 40,000-km² airborne geophysical survey across the Philippines’ Agusan-Davao Basin and Davao Gulf, the first stage of a broader exploration program ultimately covering roughly 120,000 km². Source
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