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World Oil News
Chandler Engineering has introduced the 6700-M Mini Loop, a compact flow loop system engineered to deliver precise friction pressure testing for slickwater fracturing fluids, supporting laboratory and field optimization. Source
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Eco Atlantic’s new strategic partnership with Navitas Petroleum adds fresh momentum to South Africa’s Orange basin, signaling renewed upstream interest and potential drilling acceleration across one of Africa’s most closely watched offshore frontiers. Source
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Rystad Energy says digitalization could save oil and gas operators more than $320 billion in five years, as drilling optimization, robotics, predictive maintenance and new tech partnerships reshape the OFS sector. Source
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Equinor and Aker BP have uncovered new gas and condensate volumes in Norway’s North Sea, with early estimates pointing to up to 113 million boe and tie-in potential to nearby infrastructure. Source
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The American Petroleum Institute (API) is praising the Trump administration’s proposal to revise U.S. Corporate Average Fuel Economy (CAFE) standards, arguing the move will preserve consumer choice and support stable domestic energy demand. Source
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Chevron is continuing routine flights to Venezuelan oil sites despite U.S. airspace warning, with the company stressing full regulatory compliance and prioritizing worker safety amid heightened regional navigation risks. Source
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Chevron has unveiled a 2026 capex budget of $18–$19 billion, with major spending directed toward U.S. shale, offshore growth in Guyana and the Gulf, and lower-carbon investments. Source
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Congo is accelerating its upstream expansion, ramping LNG output and boosting oil production toward 500,000 bpd. New projects, fast-paced LNG development and pro-investment reforms are positioning the country as a rising hub in Central Africa’s energy future. Source
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Saudi Aramco has slashed its Arab Light crude price to the lowest level since 2021, signaling mounting global oversupply and softer demand as OPEC+ prepares for a slower start to 2026. Source
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Halliburton has promoted Shannon Slocum to executive vice president and COO, expanding his leadership role over global operations, technology, HSE and business development. The company also announced Rami Yassine as the new president of the Eastern Hemisphere. Source
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