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World Oil News
Emerson has added combustible gas detection capabilities to its Rosemount 928 Wireless Gas Monitor, enabling real-time %LEL monitoring over WirelessHART networks and expanding safety coverage in remote and hard-to-wire oil and gas facilities. Source
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Longitude has launched a new real-time FPSO mooring line monitoring platform that combines predictive analytics and integrity management tools, securing its first deployment with a South American offshore operator. Source
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Oil prices moved lower Monday as traders assessed the U.S.-Iran agreement to reopen the Strait of Hormuz, with uncertainty remaining over how quickly shipping traffic and crude exports can return to normal. Source
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SLB has launched a digital marketplace designed to help energy companies discover, deploy and scale AI agents, domain models and digital applications, expanding its open platform strategy for energy-focused AI and digital workflows. Source
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AXP Energy has secured the right to earn a 25% interest in Syria’s Block 9 PSC, gaining exposure to a previously explored area of the Palmyride basin as exploration activity resumes in the country’s energy sector. Source
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Innovex has agreed to acquire Norway-based TCO Group for $95 million, adding intervention-free well technology and expanding its presence in key offshore markets including Norway and the UAE. Source
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BW Offshore has completed a key commissioning milestone for the BW Opal FPSO at the Barossa LNG project, advancing the vessel toward Practical Completion and long-term operations offshore Australia. Source
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VAALCO reported initial production exceeding 8,000 bopd its Ebouri-5H well offshore Gabon and continued drilling success in Egypt as the company advances its 2026 development program. Source
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Condor Energies has confirmed a 2.3-km extension of the Kumli NW gas field in Uzbekistan after the successful K-42 pilot well, supporting additional horizontal drilling and continued production growth. Source
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Global Energy Show Canada 2026 (GES) concluded last Thursday, June 12, after bringing together more than 38,000 attendees, 500 exhibitors and delegates from over 100 countries to discuss energy security, investment and the future of global energy development. Source
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