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World Oil News
Mental health support is gaining traction as part of offshore HSE strategy, with new services expanding into the Middle East to support high-risk energy workforces. Source
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Sable Offshore is ramping production at its Santa Ynez Unit and targeting new output in 2026, while advancing refinancing plans and pursuing legal claims tied to its California operations. Source
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Operations on the Deepsea Atlantic rig have been suspended after a blowout preventer (BOP) was dropped to the seabed during drilling activities, with recovery and investigation underway. Source
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President Trump has invoked the Defense Production Act to accelerate U.S. oil, gas and infrastructure development, signaling a major push to boost domestic supply amid global disruption. Source
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Griffon Marine has sold its BHT-130 series hovercraft Solent Express to Caspian Offshore Construction (COC), where the vessel will support oil and gas operations in the North Caspian Sea. Source
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Ghana is advancing a $3.5 billion investment drive to boost offshore oil and gas development, alongside broader plans to expand renewables and explore nuclear power. Source
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Sable Offshore is ramping production at its Santa Ynez Unit and targeting new output in 2026, while advancing refinancing plans and pursuing legal claims tied to its California operations. Source
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TGS has secured a three-year extension for its ocean bottom node (OBN) seismic acquisition contract in the Gulf of America/Mexico, supporting ongoing offshore exploration and development activity. Source
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President Donald Trump said a ceasefire extension with Iran is unlikely, with the Strait of Hormuz set to remain blocked, raising concerns over global oil supply and market volatility. Source
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Eni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as production ramps up and sanctions ease. Source
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