News
February 24, 2025
Black Gold Exploration Corp. (BGX) has commenced drilling on the Fritz 2-30 oil and gas well in Clay County, Ind. BGX recently acquired a 10% working interest in the well and an option to participate in any offset developmental wells in a 210-acre area of mutual interest from the operator, Adler Energy.
News
February 21, 2025
Centrium Energy Solutions™, a newly launched oil & gas chemical supplier, is aiming to reduce supply chain risks and improve the reliability of upstream and midstream products with a domestic distribution model that solves critical challenges in sourcing, logistics and performance.
News
February 21, 2025
Bowman Consulting Group has entered into a definitive purchase agreement to acquire UP Engineering, a San Antonio, Texas-based firm specializing in civil engineering and surveying services. UP serves clients throughout Texas with a focus on oil and gas, industrial, commercial and residential projects.
News
February 21, 2025
ConocoPhillips will sell its interests in the Gulf of Mexico Ursa and Europa fields to Shell for $735 million, both companies confirmed today. ConocoPhillips continues to work towards a strategy of divesting noncore assets, while Shell looks to strengthen its deepwater portfolio.
News
February 20, 2025
The Railroad Commission of Texas assessed $1,346,019 in enforcement docket fines against operators and businesses at the Commissioners’ open meeting on Wednesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.
News
February 19, 2025
Sentinel's Texas GulfLink deepwater port has received approval from the U.S. DOT's Maritime Administration, marking a critical step forward for crude oil exports after a multi-year review process.
News
February 18, 2025
Halliburton today announced the launch of the new EcoStar® electric tubing-retrievable safety valve (eTRSV). This second-generation product builds on the success of the industry’s first electric TRSV, which won the OTC Spotlight on New Technology Award in 2017.
News
February 18, 2025
​Wood has been selected to provide operations and maintenance solutions for MTR Carbon Capture at the world’s largest membrane-based carbon capture plant in Gillette, Wyoming, the global consulting and engineering firm announced. 
News
February 14, 2025
U.S. President Trump ordered the creation of a White House council focused on steering the U.S. toward “energy dominance,” with the promise of action as soon as next week. The council will be led by Interior Secretary Doug Burgum, with Energy Secretary Chris Wright as its vice-chair.
News
February 14, 2025
Energy NL joins members of the energy sector in remembering the tragic sinking of the Ocean Ranger on Feb. 15, 1982. “Reflecting on the 43rd year since the tragic loss of 84 crew members of the Ocean Ranger, we are once again reminded of the harsh realities of working offshore," said Charlene Johnson, Energy NL CEO.
News
February 12, 2025
(Bloomberg) – Pemex (Petroleos Mexicanos) will split profits with private-sector partners in joint ventures that may account for as much as 10% of the state oil company’s output, said Mexico President Claudia Sheinbaum.
News
February 10, 2025
The Energy Workforce & Technology Council has released its monthly jobs report, analyzing employment trends within the U.S. energy services sector for January 2025.
News
February 07, 2025
Bayswater Exploration and Production has entered into an agreement to sell assets in the Denver Julesburg Basin (DJ Basin) to Prairie Operating Company in a cash and stock transaction valued at approximately $603 million.
News
February 07, 2025
(Bloomberg) – New terminal construction faces uncertainty after 2024 U.S. crude exports expanded at the slowest since the COVID pandemic, and U.S. oil-production growth slows as drillers prioritize returns to investors and capital discipline, Chevron said.
Article
January 2025
The Cane Creek play has unconventional tight oil potential but presents drilling challenges. This article revisits its viability in modern horizontal drilling techniques and proposes a redefined approach to hydraulic fracturing that prioritizes detailed characterization of stress states and fracture dynamics.  
News
February 05, 2025
The National Ocean Industries Association expressed its strong support for the series of Secretarial Orders signed by U.S. Secretary Doug Burgum to unleash America's energy potential. "American energy leadership is back," said President Erik Milito.
News
February 05, 2025
"We could not be more proud of Leslie's appointment as Assistant Secretary of Land and Minerals Management. Her unwavering commitment to the energy sector and her innate ability to bring stakeholders together will serve the Department of the Interior well," the EWTC stated.
News
February 04, 2025
"IPAA has always opposed the methane tax and believe it is a tax designed to hamper American oil and gas production. We encourage Congress to work with the Trump Administration to eliminate it as soon as possible," IPAA CEO Jeff Eshelman stated.
News
February 04, 2025
Argent LNG has selected Baker Hughes as the liquefaction solution and related services provider for its proposed LNG export facility in Port Fourchon, La. The facility is set to deliver approximately 24 million tonnes per annum (MTPA) of liquefied natural gas.
News
February 04, 2025
The American Petroleum Institute (API) and Energy Workforce & Technology Council (EWTC) have both issued statements of support following the U.S. Senate’s confirmation of Chris Wright to lead the U.S. Department of Energy.
Article
January 2025
A specially designed refrac system enables operators to re-enter vertical or horizontal wells by enabling exact placement of stimulation treatments in one continuous pumping operation, saving operators time and money.  
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.