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World Oil News
Spirit Energy’s Morecambe Net Zero CCS project has entered the North Sea Transition Authority’s Assess Phase, advancing plans to store up to 1 billion tonnes of CO₂ in depleted gas fields offshore the UK and support industrial decarbonization efforts. Source
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Zephyr Energy has completed a key pipeline integrity milestone at its Paradox Basin project in Utah, allowing the company to begin the regulatory approval process required for gas exports and moving the development closer to first production. Source
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Greenland Energy has signed a services agreement with Halliburton and continues preparations for its 2026 drilling campaign in the Jameson Land basin, targeting the first modern onshore exploration wells in East Greenland later this year. Source
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Pampa Energía has selected Halliburton to support a multi-year digital transformation program across its Vaca Muerta operations, deploying reservoir modeling, logistics optimization and AI-enabled workflows as the company targets production growth by 2027. Source
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A new report from the Permian Strategic Partnership highlights the Permian basin’s growing economic influence, supporting more than 940,000 U.S. jobs, contributing billions in economic activity and accounting for nearly half of projected U.S. oil production by 2027. Source
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ReconAfrica has begun production testing at its Kavango West 1X discovery in Namibia, evaluating six hydrocarbon-bearing intervals across the Huttenburg and Elandshoek formations as the company works to determine the commercial potential of the Damara Fold Belt play. Source
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U.S. energy services employment increased by 3,619 jobs in May, marking the third consecutive month of workforce growth as companies respond to improving activity levels while maintaining disciplined hiring strategies, according to Energy Workforce & Technology Council data. Source
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Sercel has completed the first commercial sale of its Accel land nodal seismic acquisition system, with 18,000 drop nodes deployed by Explor on a large-scale seismic survey in the United States, marking the technology’s first field deployment at scale. Source
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Aker BP has increased its ownership stake in the Johan Sverdrup field and will receive an additional 2.2 MMboe over the next two years following a redetermination of partner interests at one of Norway’s largest producing oil fields. Source
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IPAA has appointed Abigail Miller as vice president of communications and strategy, bringing experience from INGAA and the natural gas pipeline sector to the association’s advocacy and communications efforts. Source
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