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World Oil News
Woodside Energy has signed a suite of global frame agreements with ABL to deliver marine warranty, assurance, and consultancy services across its offshore operations in Australia, the U.S. and other international regions. Source
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A new survey shows UK offshore and underwater supply chain firms are weighing moves overseas as oil, gas and wind projects face mounting delays. Industry leaders warn that stalled timelines and policy uncertainty are eroding competitiveness and risking long-term capacity. Source
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DeepOcean is nearing completion of a fully diverless disconnection of TotalEnergies’ Gryphon Alpha FPSO—an industry first enabled by proprietary subsea tooling and a major milestone in North Sea decommissioning. Source
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Equinor is ramping up offshore activity next year with 26 planned exploration and appraisal wells across the North Sea, Norwegian Sea and Barents Sea—part of a decade-long push to keep Norwegian production strong. Source
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TotalEnergies has finalized the sale of its 12.5% non-operated interest in Nigeria’s deepwater Bonga field (OML 118 PSC) to Shell Nigeria Exploration and Production Company and Nigerian Agip Exploration for a combined $510 million, marking a major portfolio shift in one of its key hydrocarbon regions. Source
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FairWind has signed a strategic partnership with Japan’s Wind Energy Partners (WEP), accelerating its Asia Pacific expansion and enhancing onshore and offshore wind turbine installation and maintenance capabilities. Source
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African leaders are calling on the G20 to prioritize investment in the continent’s oil and gas resources, arguing that expanded upstream development is essential for industrial growth, energy security and lifting millions out of energy poverty. Source
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Diversified Energy has closed its $550 million acquisition of Canvas Energy, adding roughly 24,000 boed of production and expanding its acreage position in Oklahoma. The $550 million deal includes operated producing assets and approximately 1.6 million net acres across the state. Source
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Abu Dhabi’s ADNOC will maintain its $150 billion spending plan over the next five years as the company ramps up oil and gas capacity and accelerates global expansion through its fast-growing XRG investment arm. Source
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