News
October 01, 2025
AXP Energy has confirmed oil and gas across multiple pay zones in its Charlie #1 well in Noble County, Oklahoma. Wireline logs identified hydrocarbons in the Oswego Lime, Mississippi Chat, Mississippi Lime and Woodford Shale intervals.
News
September 30, 2025
Tamboran Resources will acquire Falcon Oil & Gas in a $172 million deal, consolidating ~2.9 million net acres in Australia’s Beetaloo basin. The transaction strengthens Tamboran’s position as a leading shale gas operator in one of Australia’s most prospective plays.
News
September 29, 2025
BKV Corporation has closed its $370 million acquisition of Bedrock Energy Partners’ Barnett shale assets, adding 97,000 net acres, 108 MMcf/d of production, and expanded drilling inventory to solidify its role as the basin’s largest gas producer.
News
September 29, 2025
TAY Oil Services and Polaris have commissioned a major onshore seismic survey for AGOCO in Libya’s Concession 57, deploying 40,000 STRYDE seismic nodes across 1,480 km². The project marks North Africa’s largest nodal seismic acquisition to date.
News
September 25, 2025
GeoPark has acquired operated interests in the Loma Jarillosa Este and Puesto Silva Oeste blocks in Argentina’s Vaca Muerta shale from Pluspetrol, adding 12,300 acres, immediate production and growth to 20,000 boed by 2028.
News
September 30, 2025
Why pump uptime isn’t the real measure of frac efficiency. True performance requires autonomous pressure control—especially in simul-frac operations—to optimize transitions, reduce downtime and deliver smarter, more meaningful gains.
News
September 25, 2025
Nabors Industries and Caturus Energy have launched the PACE-X Ultra™ X33 rig, the most powerful onshore drilling system in the U.S. The rig enables complex well designs, including 4-mile laterals and 14,000+ ft depths, setting new benchmarks for efficiency, safety and lower-carbon operations.
News
September 24, 2025
Enverus has launched its Global Research platform, expanding oil and gas intelligence worldwide. The first report spotlights Argentina’s Vaca Muerta shale, revealing discounted M&A opportunities compared to U.S. shale assets, alongside production trends and inventory insights.
News
September 19, 2025
Colombia’s Ecopetrol is seeking oil and gas deals in Brazil, with a focus on Petrobras’s Bahia Terra onshore cluster and other exploration opportunities in the Potiguar and Reconcavo basins.
News
September 18, 2025
ARGAS has become the first company to deploy STRYDE’s nodal seismic technology in Egypt, acquiring 30,000 Range+ nodes and the Nimble system for a large 2D survey. The move marks a breakthrough in onshore seismic acquisition.
News
September 11, 2025
Production from the Bakken had been expected to rise heading into late 2025 and early 2026, but weaker oil prices and rising competition from Canada have contributed to slower drilling in the region, analysts said.
News
September 11, 2025
Argentina’s Vaca Muerta shale remains resilient despite political and economic risks, according to President Javier Milei’s top oil and gas official.
News
September 08, 2025
The Energy Workforce & Technology Council (EWTC) has published its Well Stimulation Surface Operations Industry Guidelines, providing operators with best practices for hazard identification, risk management, and execution of surface operations during fracture stimulation.
News
September 04, 2025
Angola’s crude output slipped below one million barrels a day in July, threatening state revenues that fund more than 90% of exports. Angola is finalizing a new licensing plan covering 2026 to 2030, which will include both offshore blocks and inland basins, said the head of ANPG.
News
September 02, 2025
Between 2020 and 2024, total crude oil and lease condensate production in the United States grew by 1.9 million barrels per day (bpd), 93% of which was produced from just 10 counties in Texas and New Mexico, according to a new report from the Energy Information Administration (EIA).
News
August 25, 2025
Crescent Energy today announced a definitive agreement to acquire shale rival Vital Energy in an all-stock transaction valued at approximately $3.1 billion. The merger positions Crescent as a top 10 independent producer, with a scaled and focused asset portfolio across the Eagle Ford, Permian and Uinta Basins.
News
August 19, 2025
"We’re active in the Permian, but we also look for opportunities in areas like the Barnett shale, where competition is lower, pricing can be more favorable, and the right deals can deliver strong, stable returns,” said Rising Phoenix's CEO.
News
August 18, 2025
ProFrac and Seismos have partnered to launch Closed Loop Fracturing, now available across all major U.S. basins. The collaboration marks the first large-scale deployment of an extensively operator-validated, real-time, automated quality control system.
News
August 15, 2025
Algeria is close to finalizing a deal with ExxonMobil and Chevron to tap the North African nation’s vast gas reserves, including shale, for the first time, a senior official said.
News
August 08, 2025
Shale oil producers added a single drill rig this week, staving off at least for now a pandemic-level downturn in U.S. activity. The reversal suggests drillers may be close to done releasing rigs after a 14% drop over past three months, analysts say.
News
August 08, 2025
Milbank LLP is advising YPF S.A. in connection with its definitive agreement with Total Austral S.A., an affiliate of TotalEnergies, to acquire a 45% interest in Rincón La Ceniza and La Escalonada, two unconventional oil and gas blocks located in Argentina, for $500 million.
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.