News

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

December 16, 2025

Partners led by ConocoPhillips and Vår Energi have sanctioned the Previously Produced Fields (PPF) redevelopment in Norway’s Greater Ekofisk area, approving up to $1.8 billion in investment to bring new subsea wells online from 2028 and extend production life at the mature hub.

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

December 16, 2025

Malaysia

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

December 16, 2025

Oil and Gas Prices

Brent crude falls below $60 as global surplus pressures prices

December 16, 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

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

Automation & Control

KROHNE advances ultrasonic flow meter verification to boost custody transfer accuracy

December 12, 2025

Nigeria approves 28 firms to capture gas lost to flaring, targets $2 billion investment

December 12, 2025

EIA projects slight drop in U.S. crude output for 2026 after years of growth

December 12, 2025

BW Energy makes strategic Angola entry with offshore block acquisitions

December 12, 2025

DeepOcean secures Equinor IMR contract extension through 2027

December 12, 2025

Regulatory

API praises House approval of bipartisan permitting reform bills

December 12, 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