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World Oil News
EXCLUSIVE — Well, a few days have gone by, and SPE Offshore Europe (OE) in Aberdeen is now a collection of memories. But, what to make of what was seen and heard during the four-day conference and exhibition? There were many different viewpoints, and, honestly, many contradictions and hypocrisies. Source
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Monkey Island LNG has selected ConocoPhillips’ Optimized Cascade® Process liquefaction technology for its planned 26 MMtpa natural gas liquefaction and export facility in Cameron Parish, Louisiana. Source
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President Donald Trump’s energy chief said there are active discussions in the administration about the future of an offshore wind farm being constructed off the coast of Rhode Island by Denmark’s Orsted A/S, where work was recently halted. Source
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OPEC+ has agreed in principle to increase production again next month, according to delegates, as the group doubles down on its policy shift to pursue market share instead of defending prices. Source
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ADNOC is considering lining up more than $10 billion in debt financing from local and international banks as it moves forward with its roughly $19 billion pursuit of Australian fossil fuel producer Santos Ltd., according to people familiar with the matter. Source
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The Republic of the Congo has signed a $23 billion hydrocarbon deal with China’s Wing Wah to develop the Banga Kayo, Holmoni and Cayo permits, aiming to raise national oil output to 200,000 bpd by 2030. Source
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India’s Finance Minister Nirmala Sitharaman said the country will continue buying Russian oil, signaling its intent to defy U.S. President Donald Trump’s persistent demands to halt the purchases. Source
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OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said. Source
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Shell is testing the market for possible buyers of its 16.67% stake in the North West Shelf LNG export project in Western Australia, which could be worth more than $3 billion, according to people familiar with the matter. Source
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Unity Well Integrity has announced a strategic partnership with Clear Cut Interventions (CCI) Australia, marking a significant step forward in delivering advanced intervention and well integrity solutions to operators across the Asia-Pac region. Source
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