World Oil

10/13/2026

North American Blue Energy Partners is deploying 11 workover rigs, the first new ones in Venezuelan oil fields in more than 15 years, plus two 1,500-hp drilling rigs.

North American Blue Energy Partners is deploying 11 workover rigs, the first new ones in Venezuelan oil fields in more than 15 years, plus two 1,500-hp drilling rigs. The company is targeting more than 1 MMbpd from Lake Maracaibo and the Orinoco Belt.

10/13/2026

Murphy Oil has reported an offshore oil discovery in Vietnam, successful appraisal drilling in Côte d'Ivoire and first oil at Lac Da Vang, alongside new production from its Chinook #8 well in the U.S. Gulf.

Murphy Oil has reported an offshore oil discovery in Vietnam, successful appraisal drilling in Côte d'Ivoire and first oil at Lac Da Vang, alongside new production from its Chinook #8 well in the U.S. Gulf.

10/13/2026

Viking Completion Technology has opened an API-certified manufacturing and testing facility in Saudi Arabia, expanding local production of well completion equipment through a JV with Abdulrahman Algosaibi Holdings.

Viking Completion Technology has opened an API-certified manufacturing and testing facility in Dhahran, Saudi Arabia, expanding local production of well completion equipment through a joint venture with Abdulrahman Algosaibi Holdings.

10/12/2026

TotalEnergies plans additional diesel and heating fuel price cuts in France beginning Nov. 1, as the government releases strategic reserves to ease costs amid global supply disruptions.

TotalEnergies plans additional diesel and heating fuel price cuts in France beginning Nov. 1, as the government releases strategic reserves to ease costs amid global supply disruptions.

10/12/2026

KEO Energy has appointed Philippe Bize as COO to establish operations and advance redevelopment of the PetroUrdaneta oil fields in Venezuela's Maracaibo basin.

KEO Energy has appointed Philippe Bize as COO to establish operations and advance redevelopment of the PetroUrdaneta oil fields in Venezuela's Maracaibo basin.

10/12/2026

World Oil contributing editor Bill Head reflects on decades of offshore exploration in the Middle East, examining geopolitical risks, seismic imaging challenges and the potential—and limitations—of AI and passive seismic technology.

10/12/2026

Two categories at the Gulf Energy Information Excellence Awards® recognize the infrastructure that the broader energy industry runs on.

Technology Licensor of the Year honors the organizations whose intellectual property drives downstream and midstream operations at scale. This year's finalists: Lummus Technology and the Saudi Aramco Licensing Group.

Energy Legal Services Provider of the Year recognizes the firms that navigate the regulatory, transactional, and operational legal landscape of one of the world's most complex industries. This year's finalists: Bracewell LLP, Hunton Andrews Kurth LLP, King & Spalding, and White & Case LLP.

These are not peripheral categories. They recognize the ecosystem the industry depends on.

The gala is this Thursday. Register to attend or reserve your table: https://e2awards.com/register/

10/12/2026

Last call: individual seats for the Gulf Energy Information Excellence Awards® close tonight.

This Thursday, October 15, senior executives, technical leaders and decision makers from across upstream, midstream and downstream will gather at The Post Oak Hotel in Houston for the industry's premier evening of recognition.

Among the organizations up for recognition: Saudi Aramco, ADNOC, ExxonMobil Upstream Company, SLB, Halliburton, Baker Hughes, Kuwait Oil Company, Reliance Industries Limited, Lummus Technology, NOV, Topsoe, Honeywell Technologies and Aspen Technology (Emerson).

From the pre-gala reception to the final announcement, it is one evening with the leaders, operators and technology providers shaping global energy, all in one room.

This is the final opportunity to join them. Individual seat sales end tonight.

Secure your seat: e2awards.com/register/

10/12/2026

U.S. federal officials have proposed a March 2027 offshore oil and gas lease sale covering 1.05 million acres and 224 blocks in Alaska's Cook Inlet, with a proposed 12.5% royalty rate.

Federal officials have proposed a March 2027 offshore oil and gas lease sale covering 1.05 million acres and 224 blocks in Alaska's Cook Inlet, with a proposed 12.5% royalty rate.

10/12/2026

SLB has commissioned a new liquid mud plant in Pemba, Mozambique, adding 21,000 bbl of drilling and completion fluids storage capacity to support growing offshore activity.

SLB has commissioned a new liquid mud plant in Pemba, Mozambique, adding 21,000 bbl of drilling and completion fluids storage capacity to support growing offshore activity.