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World Oil News
Eni has discovered an estimated 2 Tcf of gas offshore Egypt, with the Denise W-1 well located near existing infrastructure—positioning the project for fast-track development and reinforcing Eastern Mediterranean supply potential. Source
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U.S. shale producers are expected to increase output as oil prices surge above $100 following disruption in the Strait of Hormuz, with operators turning to DUC wells first. Source
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The Texas Railroad Commission marks 135 years overseeing oil and gas activity, highlighting its role in regulating drilling, pipelines and energy development across the state. Source
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Nikkiso will supply pumps for Germany’s largest land-based LNG import terminal, supporting expanded gas import capacity as Europe strengthens energy supply infrastructure. Source
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bp and ADNOC-backed Arcius Energy has sanctioned a $500 million offshore gas development in Egypt, advancing plans to boost supply from the Eastern Mediterranean. Source
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Halliburton partners with PETRONAS and Valaris to support offshore development in Suriname, aligning drilling and subsurface planning early in the project lifecycle. Source
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Qatar LNG tankers have diverted routes as transit through the Strait of Hormuz remains constrained, highlighting ongoing disruption to global energy flows. Source
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Valaris extends its DS-4 drillship contract with Petrobras offshore Brazil, adding $447 million in backlog and securing deepwater work into 2030. Source
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Masirah Oil plans to begin drilling three development wells at the offshore Yumna field in Oman’s Block 50, advancing production activity in the area. Source
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The U.S. Interior Department plans to merge key offshore regulators to streamline leasing, permitting and oversight of oil, gas and emerging offshore resources. Source
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