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World Oil News
Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets. Source
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The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets. Source
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MODS has renewed its offshore digital project delivery agreement with CB&I Asset Solutions, extending deployment of the MODS Connect software suite across UK Continental Shelf assets to support workflow visibility and project execution. Source
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Block Energy is entering the offshore Gabon upstream sector through an investment tied to the Ndjila and Mpari PSCs, adding discovered oil resources and exploration upside while launching a $6.3 million fundraise to support the transaction. Source
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Petralon Energy has increased production at Nigeria’s Dawes Island field to approximately 4,800 bopd following startup of the DI-3 well, marking the company’s second consecutive production well since achieving first oil in late 2025. Source
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Ned Marine has launched drone and subsea ROV inspection services for offshore and marine assets, expanding its NDT capabilities with remote technologies designed to reduce downtime, improve safety and accelerate vessel and infrastructure inspections. Source
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An Iraqi oil supertanker reversed course near the U.S. naval blockade line in the Strait of Hormuz as commercial shipping traffic through the critical energy chokepoint remained severely restricted amid escalating tensions between Washington and Tehran. Source
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OEG has secured a multi-million-dollar long-term contract extension to support offshore drilling operations in Australia’s Bass Strait, including the supply, maintenance and servicing of certified offshore cargo carrying units through the expected end of field life in 2036. Source
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Etu Energias and partners successfully completed the Espadarte 7ST2 appraisal well in Angola’s Lower Congo basin, with initial testing delivering stabilized production rates between 2,000 and 2,500 bopd and confirming multiple productive reservoir intervals offshore. Source
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The Independent Petroleum Association of America praised the Trump administration’s decision to rescind the Bureau of Land Management’s public lands rule, arguing the rollback will improve regulatory certainty and protect access to federal lands for independent oil and gas producers. Source
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