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World Oil News
Bridger Photonics has announced its Gas Mapping LiDAR™ technology has been approved by the Environmental Protection Agency (EPA) to be used for regulatory compliance in oil and gas operations. Source
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Talos Energy Inc. (Talos) has announced that the Katmai West #2 well located in the Ewing Bank area of the U.S Gulf of Mexico successfully encountered commercial quantities of oil and natural gas. Source
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Electromagnetic Geoservices ASA (EMGS) has received a Letter of Award for a CSEM survey in India. The survey is expected to have a contract value of approximately USD 10 million, subject to the issuance of a callout order. Source
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(Bloomberg) – BP and the Iraqi government agreed the majority of commercial terms toward reviving the Kirkuk oil field on Tuesday, further progress toward a final agreement that is expected early this year. Source
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“American energy was on the ballot, and American energy won,” said API executives on a media call prior to Tuesday’s 2025 State of American Energy event. API leaders shared insights into the industry and where they expect it to head under 2025’s incoming Trump administration. Source
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Tachyus has appointed Dr. Jeff Spath as Chairman of the Board to guide the company’s mission to transform reservoir management with AI. Dr. Spath is a former SLB executive and SPE President, and brings 40 years of experience in the energy sector. Source
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Indonesia Energy Corporation (IEC) announced that IEC senior management will hold an investor update conference call on Tuesday, Jan. 21 to provide an update on future drilling and development plans, including a new planned reserve report. Source
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DNO ASA announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 13 exploration licenses, of which four are operatorships, under Norway’s Awards in Predefined Areas (APA) 2024 licensing round. Source
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Affiliates of Langford Energy Partners (LEP) announced that they have closed on the acquisition of Midland basin assets from Murchison Oil and Gas, LLC. The acquisition includes approx. 8,000 net acres with net production of approx. 7,200 boed. Source
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(Bloomberg) – Global oil markets will face a widening glut in 2026 as OPEC brings back production and output from the US, Canada and Guyana continues to grow, the US government said in its first set of forecasts for next year. Source
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