News
March 26, 2025
A conservation group is challenging Britain’s government in a London court over 31 North Sea oil and gas exploration licenses that it says could put marine protected areas and climate stability at risk.
News
March 26, 2025
In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil.
Article
March 2025
Perhaps we are witnessing the beginning of a complex negotiation between all GOM(A) production owners to improve, safely, all operations and open areas to new exploration, regardless of claims.
News
March 25, 2025
The North Sea Transition Authority raised its forecasts for investment and production in the coming years after 2024 figures were higher than expected. The NSTA said capex totaled £5.95 billion ($7.7 billion) last year, more than 50% above an October projection.
News
March 24, 2025
TechnipFMC has been awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. This latest phase will increase production by tying in additional wells to the current infrastructure, which is powered by low-emission resources onshore.
News
March 24, 2025
Veolia Water Technologies today announced the launch of ToroJet™, a robust nutshell filtration system designed to meet the toughest produced water polishing needs in the oil and gas industry.
News
March 24, 2025
Namibian President Netumbo Nandi-Ndaitwah’s weekend cabinet reshuffle will bring oil and gas more directly under her control, as international explorers look to increase offshore discoveries. Drilling activity has grown since TotalEnergies and Shell made initial finds in 2022.
News
March 24, 2025
Interocean Marine Services (Interocean), a leading specialist in offshore support services, has been named the winner of this year’s Associate Member’s Safety Award at the prestigious IADC North Sea Chapter (NSC) Annual Safety Awards.  
News
March 21, 2025
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.
News
March 21, 2025
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.
News
March 21, 2025
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.
News
March 20, 2025
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.
News
March 19, 2025
Vitol will acquire stakes in projects in Ivory Coast and the Republic of Congo for at least $1.65 billion, according to a statement on Wednesday. The deal deepens the company’s longstanding relationship with Eni in West Africa.
Article
February 2025
As a partner to the global energy industry, ATPI provides travel solutions to support organizations in effectively managing complex travel requirements and supporting the workforce to reach their destinations. This article examines how ATPI supports organizations to limit their travel and events-related environmental impact in conjunction with decarbonization efforts. 
News
March 17, 2025
Azerbaijan is set to sign agreements to explore for natural gas in Israeli waters, highlighting a key strategic alliance between the two countries amid turbulence in the region. A consortium of Azeri state company Socar, bp Plc and Israel’s NewMed Energy LP will get the right to explore in one offshore block.
News
March 14, 2025
Kistos, an independent energy company focused on generating value across the upstream and midstream markets, noted an announcement made today by Vår Energi, the operator of the Balder Area, regarding the tow-out of the Jotun FPSO from the Worley Rosenberg yard in Stavanger, Norway. 
News
March 14, 2025
Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels to the offshore energy industry, has secured three-year contract extensions with a major National Oil Company (NOC) in the Middle East for two of its vessels.
News
March 14, 2025
Fulkrum announced today the successful completion of its vendor surveillance work for Shell’s pioneering Penguins project. The six-figure contract, secured in March 2020, spanned five years and has now reached completion, with the project officially in production.
News
March 13, 2025
Cairn Oil & Gas and 2H Offshore announced the commencement of a significant offshore India development project. The partnership was signed in the presence of Vedanta Chairman Mr. Anil Agarwal, at this week's CERAWeek by S&P Global energy conference.
News
March 13, 2025
Murphy Oil Corporation has announced an agreement to acquire the BW Pioneer FPSO from BW Offshore. The FPSO will remain at its current location, supporting operations at the Cascade field and Chinook field in the Gulf of America.
News
March 13, 2025
Salunda has launched the Latch Hawk 2 fingerboard latch monitoring device, marking a significant step forward in preventing dropped objects and improving safety during pipe handling on offshore drilling rigs.
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.