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World Oil News
Woodside has received final environmental approval from the Australian Government for the North West Shelf Project Extension, ensuring continued LNG supply, jobs, and investment while meeting cultural and environmental safeguards. Source
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The Permian Strategic Partnership (PSP) has appointed Jack Harper as its new chairman, strengthening leadership for one of the most influential coalitions in the U.S. oil and gas industry. Harper, a longtime Permian exec, will guide PSP’s growth mission for the region. Source
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Production from the Bakken had been expected to rise heading into late 2025 and early 2026, but weaker oil prices and rising competition from Canada have contributed to slower drilling in the region, analysts said. Source
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Pelican, Greenland Exploration, and March GL have merged to form Greenland Energy, advancing oil and gas drilling in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic. Source
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Argentina’s Vaca Muerta shale remains resilient despite political and economic risks, according to President Javier Milei’s top oil and gas official. Source
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Pelican, Greenland Exploration, and March GL have merged to form Greenland Energy, advancing oil and gas drilling in Greenland’s Jameson Land Basin, a region long considered one of the most promising undrilled hydrocarbon basins in the Arctic. Source
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Chevron, in partnership with Helleniq Energy, has submitted a bid to explore four offshore gas blocks in Greece near Crete and the Peloponnese. The move aligns with Greece’s strategy to expand domestic gas resources and support Europe’s shift away from Russian energy. Source
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Equinor is considering combining parts of its renewable energy portfolio with Danish offshore wind developer Ørsted, in a move that could reshape the global offshore wind and clean energy market. Source
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Baker Hughes has secured a major award from Turkish Petroleum (TPAO) and TP-OTC to deliver subsea production systems and intelligent completions for the Sakarya Gas Field Phase 3 in the Black Sea, enhancing Turkiye’s domestic energy production. Source
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Baker Hughes has secured a major award from Turkish Petroleum (TPAO) and TP-OTC to deliver subsea production systems and intelligent completions for the Sakarya Gas Field Phase 3 in the Black Sea, enhancing Turkiye’s domestic energy production. Source
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