OceanPact and CBO will combine to form a 73-vessel offshore support fleet in Brazil, strengthening oilfield services, subsea and decommissioning capabilities. SourceContinue Reading
Petro-Victory has started drilling the SJ-12 well at the São João field in Brazil’s Barreirinhas basin, targeting 50.1 Bcf of non-associated gas resources. SourceContinue Reading
As conflict in the Middle East disrupts oil and LNG flows, the ripple effects are reaching beyond fossil fuels. Qatar’s LNG shutdown, refinery suspensions and stalled Hormuz traffic are reshaping energy security debates — and complicating the outlook for renewables. SourceContinue Reading
Update: Oil prices jumped after U.S.–Israeli strikes on Iran — but gains have been more muted than feared. World Oil’s latest analysis examines why crude hasn’t spiked further, the role of OPEC+ output increases, and the evolving risk to Strait of Hormuz flows. SourceContinue Reading
WhiteHawk Energy has agreed to acquire 150,000 gross acres of Haynesville shale mineral and royalty interests, including 500 producing wells and 1,000 development locations. SourceContinue Reading
Qatar suspended production at its Ras Laffan LNG plant after a drone attack, disrupting roughly 20% of global LNG supply and tightening gas markets worldwide. SourceContinue Reading
Saudi Aramco halted operations at its 550,000-bpd Ras Tanura refinery after a drone strike, though crude exports from nearby terminals remain operational. SourceContinue Reading
Oil prices surged nearly 9% as traffic through the Strait of Hormuz slowed dramatically amid escalating Middle East conflict, raising supply disruption fears. SourceContinue Reading
Israel temporarily shut natural gas production at key offshore fields, including Karish, amid escalating conflict with Iran, raising concerns over regional gas exports. SourceContinue Reading
Unprecedented U.S.–Israeli strikes on Iran have jolted oil markets, with analysts warning that crude prices could spike sharply in the coming days. In this exclusive analysis, World Oil editor-in-chief Kurt Abraham examines the short-term surge risk, OPEC+’s response, the vulnerability of the Strait of Hormuz, and why longer-term fundamentals may ultimately temper the rally. SourceContinue Reading
