Recent Posts
News•Mar 2, 2026
LNG Shutdowns and Refinery Halts Complicate Global Energy Outlook
Middle‑East hostilities have forced Qatar to shut its flagship LNG export plant and Saudi Arabia to pause operations at its largest oil refinery, while tanker traffic through the Strait of Hormuz has nearly stopped. The disruptions arrive amid a global oil‑and‑gas oversupply, creating immediate supply gaps for Asian importers and prompting a scramble for alternative deliveries. Analysts warn that prolonged conflict could reshape energy markets, accelerating both a turn to coal in some regions and a push for renewables elsewhere. Policy responses will hinge on how price volatility interacts with financing constraints for clean‑energy projects.
By World Oil – News
News•Feb 26, 2026
MCM Energy Grows Permian Position with Battalion Asset Purchase and New Financing
MCM Energy Partners completed the purchase of Battalion Oil’s crude oil and natural gas assets in the West Quito Draw area of Ward County, adding roughly 6,207 net acres to its Delaware‑basin portfolio. The deal expands MCM’s operated footprint in...
By World Oil – News
News•Feb 26, 2026
Hephae Energy Appoints Andy Bruce as President to Support Geothermal Drilling Commercialization
Hephae Energy Technology has appointed industry veteran Andy Bruce as president to drive the commercialization of its ultra‑high‑temperature geothermal drilling and robotics solutions. Bruce brings more than three decades of leadership in downhole drilling, energy services, and M&A across companies...
By World Oil – News
Deals•Feb 25, 2026
MCM Energy Completes Acquisition of Battalion Oil Assets in the Permian Basin
MCM Energy Partners completed the acquisition of crude oil and natural gas assets in the Delaware basin from Battalion Oil Corporation, adding over 6,200 net acres in the Permian basin. The transaction is supported by a new senior secured credit...
World Oil – News
News•Feb 24, 2026
Pertamina, Halliburton Target Unconventional Fracturing Expansion in Indonesia
Indonesia’s state oil company Pertamina and U.S. service firm Halliburton have signed an MOU to develop unconventional well construction and stimulation across onshore fields. The partnership will evaluate multi‑stage hydraulic fracturing, acid stimulation, advanced cementing and AI‑driven automation to improve...
By World Oil – News
News•Feb 24, 2026
Shale Giant Diamondback Says Global Oil Glut Fears Are Fading
Diamondback Energy says fears of a global oil glut are receding as resilient demand steadies the market. Recent price action shows U.S. crude futures up more than 15% year‑to‑date, erasing most of 2025’s 20% loss. The company will keep output...
By World Oil – News
News•Feb 24, 2026
ORLEN Builds 25-MMboe North Sea Portfolio in Ekofisk Area
Polish oil major ORLEN has bolstered its North Sea presence by acquiring a 7.6% interest in the Albuskjell and Vest Ekofisk fields, bringing its total stake in the Tommeliten Gamma field to 62.61%. The three assets, developed under the Previously Produced Fields...
By World Oil – News
News•Feb 22, 2026
ConocoPhillips Explores $2-Billion Sale of Permian Basin Assets
ConocoPhillips is weighing a $2 billion sale of Permian basin assets located in the Delaware basin, assets it acquired through deals with Concho Resources and Shell. The move is part of a broader portfolio streamlining that followed its $17 billion Marathon Oil...
By World Oil – News
News•Feb 21, 2026
Chariot to Raise $20 Million to Fund Offshore Angola Oil Production Stake
Chariot Plc announced a $20 million equity placing to help finance the acquisition of a producing oil interest offshore Angola. The deal, in partnership with Shell Trading and Etu Energias, targets Blocks 14 and 14K, which currently produce about 8,000 barrels per day....
By World Oil – News
Deals•Feb 20, 2026
Tullow Oil to Acquire TEN FPSO for $205M
Tullow Oil has signed a sale and purchase agreement to acquire the FPSO Prof. John Evans Atta Mills, which serves the TEN fields on Ghana’s Deepwater Tano block, for a gross consideration of $205 million. The acquisition, expected to close in Q1 2027,...
World Oil – News
Deals•Feb 18, 2026
SM Energy to Sell South Texas Assets to Caturus Energy for $950 Million
SM Energy announced it will sell its South Texas assets, including 61,000 net acres and 260 producing wells, to Caturus Energy for $950 million in cash. The transaction, effective Feb. 1, 2026, is expected to close in Q2 and will help SM...
World Oil – News
Deals•Feb 17, 2026
Ovintiv Agrees to $3 Billion Sale of Anadarko Basin Assets
Ovintiv Inc. announced it will sell its Anadarko basin assets in Oklahoma, comprising about 360,000 net acres and 90,000 boed, to an undisclosed buyer for $3 billion in cash. The transaction is slated to close early in Q2 2026, with Wells Fargo...
World Oil – News
Deals•Feb 12, 2026
JERA Completes $1.5B Haynesville Shale Acquisition From Williams and GeoSouthern Energy
JERA Co., Inc., via JERA Americas, closed its $1.5 billion acquisition of the South Mansfield upstream asset in Louisiana’s Haynesville shale, buying it from Williams and GeoSouthern Energy affiliates. The deal expands JERA’s U.S. upstream portfolio and supports its low‑carbon LNG...
World Oil – News
Deals•Feb 11, 2026
Elemental Energies Acquires Applied Petroleum Technology to Expand Subsurface and Basin Modeling Capabilities
Elemental Energies announced the acquisition of Applied Petroleum Technology AS (APT), a specialist geoscience and petroleum geochemistry firm, to strengthen its global subsurface, geochemistry and reservoir analysis capabilities. The deal adds roughly 10% to Elemental’s workforce, bringing total staff to...
World Oil – News
Deals•Feb 11, 2026
Harbour Energy Completes $3.2 Bn Acquisition of LLOG Exploration
Harbour Energy has completed its $3.2 bn acquisition of LLOG Exploration Company LLC, adding a deepwater oil portfolio in the U.S. Gulf. The deal, financed with $2.7 bn in cash and $0.5 bn in newly issued Harbour shares, expands Harbour’s offshore presence across...
World Oil – News