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World Oil News
Tenaz Energy has completed a large-scale IT and data transition enabling full operational control of offshore platforms, pipelines and gas infrastructure in the Dutch North Sea following its acquisition of assets from NAM. Source
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Expand Energy will relocate its corporate headquarters to Houston in 2026 and appoint Chairman Michael Wichterich as interim CEO, positioning the company closer to global natural gas markets while reaffirming its capital, synergy and operating outlook. Source
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Can Venezuela rebuild its oil sector without repeating the mistakes of the past? In this exclusive Op-Ed, Texas Railroad Commissioner Wayne Christian argues that a transparent, market-driven regulatory model—not OPEC-style centralized control—offers the most credible path to restoring investment, stability and long-term production growth in the world’s largest resource base. Source
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Queensland has awarded new exploration acreage in the Taroom Trough and Cooper-Eromanga basin to boost domestic natural gas supply as east coast shortages loom later this decade. The move aims to support upstream investment and address declining production from aging fields. Source
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Tenaz Energy has completed a large-scale IT and data transition enabling full operational control of offshore platforms, pipelines and gas infrastructure in the Dutch North Sea following its acquisition of assets from NAM. Source
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Senegal’s national oil company Petrosen plans a $100-million onshore exploration campaign aimed at unlocking new crude discoveries and expanding the country’s upstream potential beyond recent offshore developments. Source
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bp has halted share buybacks and shifted capital toward debt reduction and core oil and gas operations as the company advances a broader turnaround strategy under incoming leadership and prepares for new upstream growth projects. Source
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Oilfield service and technology executives are heading to Washington in record numbers this week, urging lawmakers to accelerate permitting reform, stabilize trade policy and ensure regulatory certainty as operators weigh new drilling and infrastructure investments. Source
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Interoil has completed its exit from conventional operations in Argentina, divesting Santa Cruz Sur and La Brea assets as it shifts focus toward non-conventional opportunities and disciplined capital allocation. Source
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Namibia’s government says it was not notified of TotalEnergies’ planned acquisition of a major offshore exploration stake alongside Petrobras, complicating the latest deal in the fast-growing Orange basin and underscoring regulatory sensitivities as the country moves toward first oil. Source
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