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World Oil News
Offshore Energies UK has announced that international disaster recovery specialist Lucy Easthope will provide the keynote speech at its 2025 Health, Safety and Environment Conference. Source
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SLB has secured an integrated services contract for all Petrobas’ operated offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. Source
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Tenaris and IGI Poseidon, a joint venture between Greece’s DEPA International Projects and Italy’s Edison S.p.A., have joined forces to advance the hydrogen transportation via ultra-deep offshore pipelines. Source
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SLB has secured an integrated services contract for all Petrobas’ operated offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. Source
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A coalition of oil and gas trade associations, representing over 80% of U.S. domestic production, has issued an urgent call to House Speaker Mike Johnson for immediate action on permitting reform before the close of the 118th Congress. Source
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This year, KOC proudly celebrates its 90th anniversary. Over nine decades, it has reached numerous milestones, establishing itself at the forefront of the global oil and gas industry, a position it has sustained across generations. Source
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GD Energy Products (GDEP), a total solutions provider for the frac, drilling, and well servicing pumps market, has appointed David Paradis as its new CEO. Source
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Sunda Energy has entered into a non-binding Letter of Intent (LOI) with an international drilling contractor for the use of a jackup drilling rig for the appraisal drilling campaign on the Chuditch Field, offshore Timor-Leste. Source
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Borr Drilling Limited has announced its securement of a new contract commitment for its premium jackup rig “Norve” with a repeat customer in West Africa. This work is in direct continuation of the Marathon Oil contract and is estimated to commence in Q3 2025. Source
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Enverus Intelligence® Research (EIR) has released its latest Fundamental Edge report, which focuses on global drivers for oil and gas prices through 2030, the five-year oil and gas supply and demand outlook and price forecasts. Source
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