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World Oil News
Odfjell Technology and ANT are partnering to deploy an advanced erosion tool for rigless P&A operations, targeting Southeast Asia’s growing well abandonment backlog. Source
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SLB has introduced AlphaSight to expand real-time subsurface insight, supporting more accurate geosteering and reservoir navigation. Source
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The UAE is set to exit OPEC after six decades, signaling a major shift in global oil markets as supply disruptions from the Iran war intensify. Source
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Petrodec has deployed its OBANA jackup to the North Sea, kicking off a new campaign to remove offshore platform jackets for Perenco UK. Source
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Canada has launched a $25 billion sovereign wealth fund to support energy, LNG and infrastructure projects, signaling increased federal backing for oil and gas development and export capacity. Source
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Two offshore wind leases have been scrapped as developers redirect nearly $900 million into U.S. oil, gas and LNG projects, signaling a policy-driven shift toward conventional energy investment. Source
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The U.S. is pushing back on Iran’s proposed terms to reopen the Strait of Hormuz, with Secretary of State Marco Rubio warning Washington cannot accept Tehran controlling access to the key oil chokepoint. Source
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Siemens Energy and TCS have expanded their partnership to deploy AI-driven solutions across energy operations, industrial systems and data center infrastructure to improve efficiency and reliability. Source
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ADNOC Logistics & Services has taken delivery of its sixth LNG carrier, expanding its fleet capacity to support global gas supply and long-term shipping contracts. Source
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Halliburton has been awarded a contract for Greenland Energy’s 2026 Arctic drilling campaign, advancing exploration in the frontier Jameson Land basin. Source
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