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World Oil News
Texas Railroad Commissioner Wayne Christian warned that rising federal debt, inflation and ongoing Strait of Hormuz tensions could threaten U.S. energy security and weaken the dollar’s dominance in global oil markets. Source
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Cognite has launched Cognite Flows, an AI-native industrial workflow platform designed to integrate operational data, applications and AI-driven insights into a unified interface for industrial and energy sector users. Source
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Senegal is advancing plans for the $7.5 billion Yakaar-Teranga gas project as the country seeks to reduce energy subsidies, expand domestic gas use and strengthen its position as an emerging West African energy producer. Source
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Sinopec has secured approval for 235.687 Bcm of proven reserves at the Ziyang Dongfeng field in the Sichuan basin, marking China’s first ultra-deep shale gas field with reserves exceeding 100 Bcm. Source
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TotalEnergies and EGAS have signed a memorandum of understanding covering offshore exploration cooperation in northwestern Egypt, supporting technical evaluation and assessment of the country’s deep offshore resource potential. Source
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ReconAfrica and partners NAMCOR and BW Energy are advancing production testing operations at the Kavango West 1X well in Namibia, with multi-zone downhole testing expected to begin before the end of May. Source
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bp has entered the North Ustyurt production sharing agreement in Uzbekistan, acquiring a 40% stake in six exploration blocks alongside SOCAR and Uzbekneftegaz as the company expands its upstream exploration portfolio in Central Asia. Source
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Indian Prime Minister Narendra Modi’s upcoming visit to the UAE is expected to focus heavily on energy security and stable Gulf oil supplies as rising Middle East tensions and the UAE’s recent exit from OPEC reshape global energy markets. Source
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The EIA will begin publishing new quarterly datasets tracking global petroleum reserves and key oil and LNG shipping chokepoints, as ongoing disruption in the Strait of Hormuz continues to pressure global energy markets. Source
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MODS has renewed its offshore digital project delivery agreement with CB&I Asset Solutions, extending deployment of the MODS Connect software suite across UK Continental Shelf assets to support workflow visibility and project execution. Source
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