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World Oil News
Oceaneering has secured a four-year contract from Petrobras to provide remotely operated vehicle (ROV) services offshore Brazil, supporting subsea intervention, installation and abandonment operations beginning in 2027. Source
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Offshore decommissioning technology developer rahd·AI has been selected for the Presight AI Accelerator, opening new commercial opportunities in the Middle East as the company expands its AI platform for well planning and regulatory compliance. Source
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Kosmos Energy reported strong first-half operational performance, with new wells boosting production at Ghana’s Jubilee field toward 90,000 bopd while the Greater Tortue Ahmeyim LNG project continued to deliver strong cargo volumes. Source
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Alberta has issued its highest number of drilling permits since 2014 as producers accelerate development of the Clearwater formation, a low-cost conventional oil play that is rapidly reshaping Canada’s upstream industry. Source
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Fulkrum reported 51% year-over-year revenue growth in the Middle East during the first quarter and plans to double its regional workforce over the next year as demand for inspection, asset integrity and technical staffing services continues to grow. Source
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Petralon Energy has appointed Augustine Ekeigwe as chief operating officer as the company builds on recent production gains at its Dawes Island Field and advances plans to expand its upstream portfolio in Nigeria. Source
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Worley has been selected as one of 11 contractors on Aramco’s five-year project management consultancy program, supporting engineering and project delivery across one of the world’s largest energy capital investment portfolios. Source
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Argent LNG has awarded GIS Engineering a contract to provide marine, environmental and site engineering services supporting FERC permitting for its proposed 25-MMtpa LNG export terminal at Port Fourchon, Louisiana. Source
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Superior Energy Services has agreed to acquire Sonic Holdings, adding electric feed-through technologies, production equipment and drilling wellheads to its Wellsite Solutions portfolio as it expands its production-focused oilfield services business. Source
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Indonesia Energy Corp. has begun operations on the K-29 well at its Kruh Block in Indonesia, marking the start of a two-well drilling campaign as the company advances plans to expand development across the block. Source
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