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World Oil News
The Association of the Petroleum Industry of Kurdistan (APIKUR) applauds U.S. Secretary of State Marco Rubio’s efforts to restart oil exports from the Kurdistan Region of Iraq, including in a call with Iraqi Prime Minister Mohammed Shia al-Sudani on February 25, 2025. Source
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Kongsberg Maritime will supply the design and integrated equipment package for a new walk-to-work offshore service vessel (OSV), to be built by ST Engineering Marine in Singapore for a leading oil & gas company. Source
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The Texas Alliance of Energy Producers and the Independent Petroleum Association of America (IPAA) have both released statements applauding energy leaders in the U.S. House and Senate in eliminating a costly and harmful EPA rule put into place late last year.  Source
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Ghana’s government has decided to withdraw a 2020 directive requiring Eni SpA and partner Vitol Holding BV to merge its offshore oil field with a discovery made by neighboring Afina, potentially settling a five-year standoff. Source
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The Senate has voted to repeal a new U.S. fee on methane emissions from oil and gas producers, sending the measure to President Trump for signature. Trump previously criticized the Biden administration’s oil and gas regulations as too burdensome on the industry. Source
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ChampionX has launched a redesign of its LOOKOUT™ optimization services for electrical submersible pumping (ESP) systems. LOOKOUT leverages the full capabilities of ChampionX’s SMARTEN™ XE control system, delivering advanced automation for ESP operations. Source
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MODEC has entered into a Front-End Engineering and Design (FEED) contract with SAMSUNG E&A for an offshore carbon capture pilot project, selecting Carbon Clean’s modular CycloneCC technology. Source
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TWMA* has officially broken ground on its latest facility in Habshan, Abu Dhabi. The milestone marks the beginning of construction for the world’s most advanced, self-sustainable drilling waste management site. Source
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Energy services provider Expro has secured a contract to supply Tubular Running Services (TRS) as part of a major Carbon Capture and Storage (CCS) project in the Netherlands. Source
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Vermilion Energy Inc. has closed its previously announced acquisition of Westbrick Energy Ltd. The acquisition adds stable annual production of 50,000 boed (75% gas, 25% liquids) and approximately 770,000 net acres in Alberta’s Deep Basin. Source
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