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World Oil News
Iran warned it could retaliate beyond the Middle East if the U.S. or Israel launches new attacks, as President Donald Trump again threatened strikes amid ongoing Strait of Hormuz shipping disruptions and elevated oil prices. Source
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Aquaterra Energy has moved its Recoverable Abandonment Frame system into fabrication for the Northern Endurance Partnership CCS project, targeting safer management of legacy offshore wells at future CO2 storage sites. Source
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Chord Energy has invested in MaverickX to support deployment of PetroX Boost, a shale production enhancement technology aimed at improving hydrocarbon recovery from unconventional wells in the Bakken and other U.S. shale basins. Source
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Former Cairn Energy CEO Simon Thomson has joined Alder as senior adviser, bringing more than two decades of leadership experience across the global oil and gas sector. Source
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bp has signed three production sharing contracts in Indonesia, expanding its upstream portfolio near the Tangguh LNG project in Papua Barat and adding participation in the Barong block offshore East Java. Source
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The U.S. Treasury has sanctioned 19 vessels tied to Iranian crude, LPG and petrochemical exports in a major escalation of Washington’s crackdown on Tehran’s shadow fleet and oil revenue networks amid ongoing Hormuz disruptions. Source
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Treasury targets tanker operators, exchange houses and shadow banking networks tied to Iranian crude, LPG and petrochemical trade amid escalating pressure on global energy flows. Source
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Vulcan Completion Products has launched the PROBE MAGMA-SEAL casing shoe system, an HPHT well construction technology designed for high-pressure fracturing and completion operations. Source
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Tecnofink and CorrosionRADAR have partnered to introduce corrosion under insulation monitoring technology to Brazil, targeting improved asset integrity and maintenance planning across industrial and energy infrastructure. Source
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The U.S. Senate has confirmed former Congressman Steve Pearce as director of the Bureau of Land Management, a move welcomed by oil and gas groups seeking expanded federal leasing and permitting activity. Source
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