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World Oil News
Moveout Data has launched Metaseis, a seismic data management software platform designed to streamline processing, improve data accessibility and support AI-driven analytics in upstream workflows. Source
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The U.S. Bureau of Land Management will hold a 2026 lease sale in Alaska’s Arctic Coastal Plain, advancing federal efforts to expand oil and gas development. Source
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Shipping in the Strait of Hormuz has stalled after Iran reversed course and threatened vessels, raising risks to global oil flows and complicating U.S.-Iran peace negotiations. Source
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Iran’s reopening of the Strait of Hormuz eased oil prices at the end of a volatile week, but markets remain on edge as shipping flows and ceasefire stability come into focus. Source
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Energy NL has appointed a new board of directors following its AGM, with leadership set to guide Newfoundland and Labrador’s offshore energy sector and local industry participation. Source
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Texas upstream employment slipped early this year, but hiring demand remains strong, with more than 8,500 job postings in February, according to TIPRO. Source
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Iran says the Strait of Hormuz is open again during a Lebanon ceasefire, sending oil prices sharply lower. The move could ease supply pressures—if the truce holds. Source
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Kazakhstan has upheld a $5 billion environmental fine against operators of the Kashagan oil field, intensifying a legal dispute over sulfur storage and project compliance. Source
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Talos Energy founder Tim Duncan is backing a new oil company that has entered the Gulf of Mexico with its first acquisition. The deal brings in former Goldman Sachs analyst Jeff Currie as the venture targets offshore production growth. Source
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The White House is pressing U.S. oil producers to increase output as a global supply shock unfolds. But with uncertainty over how long disruptions will last, companies remain cautious on new drilling. Source
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