News

MOL Group to operate new onshore exploration block under SOCAR agreement in Azerbaijan

December 17, 2025

MOL Group and SOCAR have signed a new onshore exploration and production sharing agreement in Azerbaijan’s Shamakhi-Gobustan region, with MOL as operator. The deal strengthens their Caspian partnership and sets the stage for seismic work in 2026, followed by future exploration drilling.

Brazil, Guyana and Argentina drive non-OPEC crude growth into 2026, EIA says

December 17, 2025

Vår Energi selects DeepOcean for five-year subsea IMR services on NCS

December 17, 2025

$1.8-billion PPF project approved to revive previously produced fields at Ekofisk

December 16, 2025

Oil and Gas Prices

Brent crude falls below $60 as global surplus pressures prices

December 16, 2025

Vista signals new Vaca Muerta shale M&A as it seeks shareholder approval

December 17, 2025

Subsea7 wins Chevron installation contract for Gorgon Stage 3 offshore Australia

December 16, 2025

Texas Railroad Commission names Mark Evarts as oversight and safety director

December 16, 2025

Shell approves Kaikias waterflood to extend Ursa production in U.S. Gulf

December 16, 2025

Bonterra Energy reports strong Charlie Lake well results, acquisition and 2026 outlook

December 16, 2025

Malaysia

TotalEnergies divests 10% stake in Malaysia’s SK408 gas block to PTTEP

December 16, 2025

ReconAfrica sets 2026 milestones across Namibia, Angola and offshore Gabon

December 16, 2025

Middle East oil prices weaken as regional supply outpaces demand

December 15, 2025

MSGBC basin attracts rising interest as new deepwater prospects emerge

December 15, 2025

Permian Basin

Crescent finalizes Vital Energy deal, becoming top-ten liquids-weighted U.S. operator

December 15, 2025

Offshore

Kongsberg introduces new UUC PM thruster sizes to boost offshore vessel performance

December 15, 2025

Buccaneer Energy targets higher output at Pine Mills through new waterflood unit

December 15, 2025

Seadrill wins new offshore drilling contracts in the U.S. Gulf and Angola

December 15, 2025

Chevron cuts Venezuelan oil prices after U.S. seizes tanker

December 15, 2025

Harbour Energy expands North Sea footprint with $170 million Waldorf acquisition

December 12, 2025

©2025 World Oil, © 2025 Gulf Publishing Company LLC.
Copyright © 2022. All market data is provided by Barchart Solutions.
Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

All material subject to strictly enforced copyright laws
Please read our Terms & Conditions, Cookies Policy and Privacy Policy before using the site.
Do Not Sell or Share My Personal Information.

Connect with World Oil

Connect with World Oil, the upstream industry's most trusted source of forecast data, industry trends, and insights into operational and technological advances.

Subscribe Newsletter Sign Up