World Oil
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World Oil, established in 1916 as The Oil Weekly, is published monthly by Gulf Energy Information. World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and offshore.
World Oil
5h ago
ReconAfrica has moved up drilling plans for its Prospect I exploration well in the Damara Ford Belt region of Namibia as a result of successful progress to date. Prospect I contains significant hydrocarbon and natural gas potential, the company announced ..read more
World Oil
5h ago
A flurry of oil projects from Brazil to Saudi Arabia are set to come online this year, providing the biggest infusion of new crude production in more than a decade, according to analysts from investment firm Raymond James ..read more
World Oil
1d ago
In a webinar hosted by the African Energy Chamber, Namibia's Ministry of Mines and Energy and Wood Mackenzie on March 20, Namibia announced new offshore licensing opportunities and plans to drill seven wells in 2025 ..read more
World Oil
1d ago
Elk Range Royalties has announced a landmark acquisition of a significant mineral and royalty position spanning approximately 250,000 net royalty acres (NRA) in the DJ Basin from affiliates of Occidental Petroleum (Oxy ..read more
World Oil
2d ago
Shell Brasil, a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin, offshore Brazil. The development plan includes the installation of a FPSO vessel and is designed to produce up to 120,000 bopd ..read more
World Oil
2d ago
Reelwell AS has secured a strategic equity investment by Odfjell Technology, the company announced today. The deal sees Odfjell Technology purchase a 10% stake in Reelwell for 40 million NOK. The investment will be used to grow and develop Reelwell’s industry-leading DualLink digital pipe technology ..read more
World Oil
3d ago
Odfjell Technology has successfully deployed a 36” x 38” conductor pipe in Kuwait's first offshore Jurassic well. The well received a custom-tailored solution to support the wellbore structure and prevent formations caving ..read more
World Oil
3d ago
The Trump administration is poised to extend Chevron Corp.’s deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said ..read more
World Oil
3d ago
Baker Hughes announced Thursday a major, multi-year fully integrated completions systems contract with Petrobras. The award followed an open tender and will leverage Baker Hughes’ innovative completions technology portfolio and extensive experience in Brazil to optimize production across multiple deepwater fields ..read more
World Oil
3d ago
EnerMech has appointed Jason Jeow as its new VP for the Asia Pacific region. With decades of extensive experience in the energy and infrastructure sectors, Jeow will confer with regulatory bodies and environmental agencies as well as collaborate with business lines and local leaders ..read more