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World Oil News
The Energy Workforce & Technology Council (EWTC) has released a statement praising the Trump Administration’s announcement of a historic offshore lease sale in the Gulf of America, slated to offer nearly 80 million acres for oil and gas development, signaling a clear shift back to American energy dominance. Source
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Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations. Supplies of gas are expected to fall at least 10% short of demand next year, and possibly as high as 20%. Source
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TotalEnergies has agreed to purchase Moeve’s 25 % stake in offshore Suriname Block 53, joining operator APA and Petronas. The licence sits next to Block 58’s GranMorgu project and contains the Baja-1 discovery. Source
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The Bureau of Ocean Energy Management has issued a Proposed Notice of Sale for Lease Sale 262, covering about 80 million acres and 15,000 Gulf of America blocks. A 60-day comment period begins June 27, with the auction tentatively set for Dec. 10, 2025. Source
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Dräger’s Safety & Health at Work Report 2025 finds that 65 % of UK employees link poor psychological safety to physical risks and 63 % feel too much responsibility is pushed onto staff. The study urges companies to address outdated equipment, mental-health gaps, and cautious AI roll-outs. Source
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Tokyo Gas is in discussions with multiple U.S. LNG suppliers—including Energy Transfer and Commonwealth LNG—to secure long-term purchase deals as Japan faces rising energy demand from data centers and chip factories. The company is also expanding its upstream footprint in U.S. shale. Source
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Salunda has fitted its next-generation Latch Hawk fingerboard-latch monitoring system to a semisubmersible rig in the Americas, extending the technology’s regional rollout. Integrated with the rig’s control system, the sensors give crews real-time status updates and help prevent DROPS incidents. Source
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Ashtead Technology and Ocean Science Consulting have formed a strategic alliance to offer integrated environmental monitoring and compliance services for offshore wind and oil-and-gas projects. The partnership combines Ashtead’s subsea technology fleet with OSC’s noise-monitoring and regulatory-reporting expertise. Source
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U.S. shale companies are expected to prioritize hedging strategies over ramping up drilling activity, despite former President Trump’s call to increase output following U.S. strikes on Iranian nuclear sites. Analysts say sustained price increases — not short-term volatility — are needed to spur new investment. Source
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Equinor and its Fram partners will invest more than $2 billion (NOK 21 billion) in a new subsea development, Equinor announced Thursday. The Fram Sør project is a combined development of several discoveries that will export oil and gas via Troll C in the North Sea. Recoverable volumes are estimated at 116 MMboe, and production...
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