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World Oil News
PACC Offshore Services (POSH) has selected design and engineering consultancy Longitude as a subcontractor to deliver marine hook-up operations engineering for the installation of the Republic of Congo’s landmark FLNG project – the Nguya FLNG. Source
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Forum Energy Technologies (FET) has been awarded a contract to upgrade two remotely operated vehicles (ROVs) for a global vessel operator. The upgraded systems will be equipped with FET’s latest control system, ICE Unity, plus FET’s proven system architecture. Source
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Representatives from ExxonMobil, TotalEnergies, Chevron, Sonangol and Cabship reaffirmed their commitment to driving Angola’s next phase of exploration and production during a panel discussion at the Angola Oil & Gas 2025 Conference and Exhibition. Source
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Argent LNG will integrate AI and robotics into the development, construction, and operation of its flagship 25 MMtpa Port Fourchon LNG export terminal in Louisiana, as part of a broad digital strategy to improve operational efficiency and reduce capex. Source
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The American Petroleum Institute (API) has published a new policy roadmap urging U.S. Congress to modernize the nation’s outdated permitting system and ensure access to affordable, reliable energy at a time of rising demand. Source
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California Governor Gavin Newsom is seeking to impose further restrictions on the state’s offshore oil industry, a setback to Sable Offshore Corp. and its controversial project off the coast of Santa Barbara County. Source
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bp has signed an MoU with the Egyptian government for a five-well drilling program to boost natural gas production. The agreement comes as bp plans to increase production to 2.3-2.5 million boed in 2030 with the capacity to increase production out to 2035. Source
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McDermott has won a contract with Monkey Island LNG to provide FEED services for its planned facility in Cameron Parish, Louisiana. McDermott’s modular LNG train design enables delivery of up to 60% more LNG per acre than comparable projects.      Source
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U.S. oil producers have slashed $2 billion in spending and laid off thousands of workers amid falling prices and OPEC+ supply increases, threatening a slowdown in production growth. Source
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bp has signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth ranging from 300 to 1,500 m in the Mediterranean Sea. The program is designed to accelerate the development and production of national gas reserves. Source
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