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World Oil News
Oil States International will transition leadership as CEO Cindy Taylor retires, with CFO Lloyd Hajdik set to take over in May 2026, marking a planned succession as the company continues focusing on operational performance and growth. Source
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Expro will deliver geothermal well testing services for Vulcan Energy’s Lionheart project in Germany, supporting reservoir evaluation and lithium extraction as Europe advances low-carbon energy and critical minerals development. Source
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U.S. President Donald Trump and Indian Prime Minister Narendra Modi discussed disruptions in the Strait of Hormuz as India faces tightening LNG and oil supplies, highlighting growing risks to global energy flows and industrial demand. Source
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Strohm has secured a contract to supply insulated thermoplastic composite pipe (TCP) production jumpers for a deepwater field extension offshore Malaysia, highlighting growing adoption of corrosion-resistant subsea infrastructure in Southeast Asia. Source
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Conflicting tracking signals around an Iraqi crude tanker highlight growing uncertainty in vessel movements near the Strait of Hormuz, as signal jamming and limited transits complicate visibility into global oil flows during ongoing regional conflict. Source
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On Day 1 of CERAWeek, U.S. Energy Secretary Chris Wright outlined a policy shift focused on expanding domestic production, accelerating LNG exports and deploying strategic reserves, as Washington moves to stabilize markets amid geopolitical tensions and rising global energy demand. Source
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CERAWeek opened with a clear message: meeting global energy demand will require a balanced mix of fuels, faster permitting and continued innovation. Industry leaders, including Chevron’s Mike Wirth, emphasized supply constraints, geopolitical risks and the growing role of AI in optimizing operations. Source
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TotalEnergies is exiting $1 billion in U.S. offshore wind leases and redirecting capital toward LNG and oil investments, signaling a policy-driven shift in energy priorities as Washington pushes for expanded fossil fuel development. Source
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At CERAWeek, ADNOC CEO Sultan Al Jaber warned that disrupting the Strait of Hormuz amounts to “economic terrorism,” as attacks on energy infrastructure and shipping lanes threaten global oil and gas flows and drive market volatility. Source
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Cognite and NVIDIA are deploying NV-Tesseract AI models with Aker BP to enhance anomaly detection and predictive maintenance across offshore operations, enabling earlier fault detection, reduced downtime and improved asset reliability in oil and gas. Source
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