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World Oil News
Halliburton and VoltaGrid have entered into a strategic collaboration to develop and deploy distributed power generation systems designed to meet the surging energy needs of the global data center industry, with the first projects planned for the Middle East. Source
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Forum Energy Technologies’ (FET) Subsea division has secured a contract to supply two of its new-generation XLX EVO III work-class remotely operated vehicles (ROVs) to Nigerian offshore operator Marine Platforms Ltd. (MPL). Source
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Halliburton reported $5.6 billion in Q3 2025 revenue, led by North America growth and steady international results. Adjusted earnings rose to $496 million as the company emphasized cost discipline, technology leadership and shareholder returns. Source
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Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030. Source
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RINA has secured the Front-End Engineering Design (FEED) contract for PETRONAS CCS Ventures’ Southern Onshore Facilities, part of Malaysia’s landmark carbon capture and storage (CCS) development. Source
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Rockwell Automation has released a new report highlighting artificial intelligence (AI), the Internet of Things (IoT), and cybersecurity as leading drivers of digital transformation across the global oil and gas sector. Source
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MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located in the Mari Development and Production Lease (Mari D&PL). MariEnergies operates Pakistan’s largest gas reservoir in the Mari D&PL area and is the nation’s second-largest gas producer. Source
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The UK’s remaining proven and probable oil and gas reserves were estimated at 2.9 billion barrels of oil equivalent (boe) at the end of 2024, according to the latest Reserves and Resources Report published by the North Sea Transition Authority (NSTA). Source
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MariEnergies has announced an oil discovery at its Shawal-1 exploration well, located in the Mari Development and Production Lease (Mari D&PL). MariEnergies operates Pakistan’s largest gas reservoir in the Mari D&PL area and is the nation’s second-largest gas producer. Source
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Inpex CEO Takayuki Ueda says Indonesia is pressing to accelerate the $20 billion Abadi LNG development as domestic and regional gas demand surges. The project, targeting 9.5 MMtpa of LNG capacity, remains on track for a 2027 FID despite cost and design challenges. Source
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