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World Oil News
INEOS and Shell are advancing new deepwater exploration and development opportunities near the Appomattox platform in the U.S. Gulf, targeting tieback projects to existing infrastructure. Source
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Weatherford has secured managed pressure drilling contracts and a global aftermarket agreement with Noble, including MPD system deployments for offshore operations in Guyana and Nigeria. Source
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Harbour Energy has cleared a key hurdle in its acquisition of Waldorf’s North Sea assets, with a UK court backing the restructuring needed to move the deal forward. Source
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Baker Hughes and Strohm are developing a hybrid flexible pipe for ultra-deepwater flowline and riser applications, targeting reduced weight and improved installation efficiency. Source
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Guyana’s President took the stage at OTC’s opening session—but instead of highlighting the country’s booming oil output, his wide-ranging remarks on energy transition, financing and “global energy balance” left attendees searching for a clearer message. Source
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Diamondback is ramping up Permian output, citing a “historic global deficit” as supply disruptions and rising prices push U.S. shale producers to respond. Source
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Iran launched missile and drone attacks on the UAE, targeting oil infrastructure in Fujairah and driving crude prices higher amid renewed regional tensions. Source
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Unique Group is expanding its subsea mechanical division with new systems for offshore decommissioning, installation and construction, including excavation, cutting and recovery technologies. Source
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South Sudan has declined to renew Oranto Petroleum’s Block B3 exploration license after a performance review found unmet seismic, drilling and financial obligations. Source
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Permian land firm EagleRock has launched an IPO that could raise nearly $400 million, underscoring continued investor interest in basin access and royalty assets. Source
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