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World Oil News
Subsea7 secures a subsea installation contract for Chevron’s Aseng gas project offshore Equatorial Guinea, including flowlines, umbilicals and tieback infrastructure. Source
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Liberty Energy raises $525 million through a convertible notes offering, strengthening financial flexibility as the completion services provider continues supporting North American upstream activity. Source
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ABL and Maridive & Oil Services sign a two-year agreement to provide marine assurance and risk services supporting offshore vessel operations across key global energy regions. Source
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New Fortress Energy signs a long-term lease for its TGS LNG import terminal in Brazil, positioning the asset for steady cash flow and future gas-to-power growth. Source
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Chevron has taken final investment decision on the Aseng Gas Monetization Project offshore Equatorial Guinea, aiming to develop gas resources through existing infrastructure and support LNG supply to global markets into the mid-2030s. Source
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The Energy Workforce & Technology Council has named its 2026–2027 board of directors, with new leadership focused on strengthening the oilfield services workforce, advancing technology and supporting operational performance as the sector responds to rising energy demand. Source
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A federal panel has approved an exemption allowing oil and gas drilling in the Gulf of America/Gulf of Mexico to proceed without certain endangered species protections, citing national security concerns in a rare decision that could accelerate offshore activity and reshape regulatory oversight. Source
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Tensions in the Strait of Hormuz escalated after a tanker was struck and President Trump urged allies to secure the waterway, heightening risks to global oil and LNG flows as shipping disruptions threaten supply and energy markets. Source
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China’s state oil giants PetroChina, Sinopec and CNOOC are moderating spending and growth plans as market volatility, weaker prices and geopolitical risks reshape strategy, highlighting a growing divide between resilient upstream operations and increasingly pressured refining and chemicals segments. Source
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Golden Pass LNG has achieved first LNG from Train 1 at its Sabine Pass, Texas facility, marking a key milestone in one of the largest U.S. LNG export projects, as McDermott and Chiyoda complete construction and commissioning and advance work on remaining trains. Source
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