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World Oil News
Lion Energy awards a drilling contract for its Bula Karang-1 exploration well in Indonesia’s East Seram PSC, targeting new oil potential offshore. Source
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A coalition of groups has filed a lawsuit challenging the U.S. decision to exempt Gulf offshore oil and gas operations from Endangered Species Act requirements, adding new regulatory uncertainty for operators. Source
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ABL and Tidewater sign an agreement to provide marine assurance and DP services for offshore support vessels operating in Egypt and regional waters. Source
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A Brazil-based deepwater driller sees rising investment in Latin American offshore projects as geopolitical risks in the Middle East shift focus toward more stable regions. Source
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Sen. Ted Cruz receives TIPRO’s Hats Off Award for supporting policies aimed at boosting U.S. oil and gas production and energy independence. Source
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OMV Petrom completes drilling of the Krum-1 well offshore Bulgaria, finding no significant gas but advancing geological understanding of the Black Sea basin. Source
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Weatherford plans to relocate its legal domicile to Texas, aiming to simplify its structure, improve capital access and align more closely with its U.S.-focused operations. Source
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DroneQ Robotics and Mark Offshore partner to deploy the R/V Mintis for offshore inspection, subsea survey and robotics operations, combining ROV and drone technologies. Source
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Tamboran reports strong flow results from its SS-6H well in Australia’s Beetaloo basin, with normalized rates of 11.9 MMcf/d signaling competitive shale gas performance. Source
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Continental Resources plans to increase U.S. oil output as crude prices surge above $100 amid supply disruptions tied to the Iran conflict, signaling a potential shift in shale activity. Source
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