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World Oil News
Chevron has named upstream finance executive Uriel “Ose” Oseguera as its next treasurer, succeeding Navin Mahajan, who will retire after nearly 30 years with the company. Source
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Aurora Energy Services is targeting approximately $135 million in annual revenue from its Integrated Services division by 2028 as it expands engineering, EPC and fabrication capabilities to meet growing demand across oil and gas and the broader energy sector. Source
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The Interior Department’s third Gulf of America lease sale drew $82.7 million in high bids from 16 companies, as the U.S. advances a congressionally mandated series of 30 Gulf offshore sales aimed at providing long-term certainty for oil and gas investment. Source
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ABL and Baltic Maritime Broker have partnered to provide vessel assurance and marine risk services for offshore projects across the Baltic Sea, combining local brokerage expertise with ABL’s marine capabilities. Source
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Saudi Arabia told OPEC it increased crude production by more than 1 MMbpd in July to 8.2 MMbpd, although output remains below pre-conflict levels as key Middle East export routes face continued disruption. Source
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Oil prices rose for a fourth straight session as traders weighed conflicting signals over a potential U.S.-Iran agreement to restore shipping through the Strait of Hormuz amid continued global supply risks. Source
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Tenaris has deployed its third fracing fleet in Vaca Muerta following a $110 million investment, beginning an 18-month campaign for Tecpetrol as it expands its Argentina oilfield services business. Source
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SAR Gruppen and TWMA are expanding drilling waste services in Norway, with new RotoMill technology set to boost processing capacity by up to 50% amid sustained drilling activity on the Norwegian Continental Shelf. Source
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Baker Hughes has secured a multi-year contract with Kuwait Oil Company to develop and deploy AI, digital and production technologies through KOC’s Ahmadi Innovation Valley upstream innovation program. Source
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Petroseismic is conducting a large-scale, high-density land seismic survey for Chilean national energy company ENAP using Sercel seismic acquisition technologies and specialized survey services. Source
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