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World Oil News
Invictus Energy has completed the PSA process for its Cabora Bassa project in Zimbabwe, clearing the path for appraisal of the Mukuyu gas field and new exploration drilling. Source
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Kolibri Global Energy said production at its Tishomingo field in Oklahoma has exceeded 6,000 boed as new Barnes and Velin wells begin flowing back. Source
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Block Energy said its Phase 1 CCS pilot in Georgia achieved rapid CO₂ mineralization, confirming permanent storage and supporting plans for field-wide scale-up. Source
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Bourbon has completed its financial restructuring, bringing Davidson Kempner and Fortress in as majority shareholders and positioning the offshore services provider for renewed growth. Source
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Heirs Energies has secured a $750 million financing facility from Afreximbank to accelerate field development, boost production and support long-term growth in Nigeria. Source
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INEOS Energy has made its first oil discovery in the Gulf of America after confirming high-quality oil at Shell-operated Nashville well in the deepwater Norphlet play. Source
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CNOOC has started production at the Xijiang 24 offshore oil project in the Pearl River Mouth Basin, targeting peak output of 18,000 boed in 2026. Source
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OMV Petrom and NewMed Energy are preparing to drill two offshore wells at Bulgaria’s Han Asparuh block in the Black Sea, with first drilling expected by year-end. Source
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Baytex Energy has closed the sale of its U.S. Eagle Ford assets for $2.14 billion, exiting the play to strengthen its balance sheet and refocus on Canadian operations. Source
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Ukraine says it struck a Lukoil offshore drilling platform in the Caspian Sea, as Kyiv intensifies attacks on Russian energy infrastructure tied to wartime revenue. Source
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