World Oil

Shell, Aker BP and Enbridge have all left the SBTi, the global standard setter for corporate climate targets, after being told that an accredited #NetZero emissions strategy would require them to stop developing new #OilandGas fields. Read more: ow.ly/9ZzL50Wtt9h

The U.S. Trump administration has restored @Chevron's ability to pump oil in Venezuela, according to a person familiar with the matter. Read more: ow.ly/5ict50Wv0ev

AquaTerra Group been awarded two separate contracts with bp and Ithaca Energy to support a number of their North Sea assets. Read more: ow.ly/BCrz50WuX4C

Global supply of LNG is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency says. Read more: ow.ly/NJn750WuRTm

Trendsetter Engineering has secured a contract award for the delivery of four 15K horizontal subsea tree systems, associated tooling and installation services to a major Gulf of America/Gulf of Mexico operator. Read more: ow.ly/LPB950WuMG3

Expro has launched its advanced BRUTE® High-Pressure, High Tensile Packer System, designed to help operators work more efficiently and confidently in the extreme #deepwater well conditions. Read more: ow.ly/4zVJ50Wurqr

Chevron is cutting almost 650 jobs in the Houston area and North Dakota after completing the $53 billion takeover of Hess. Read more: ow.ly/vayx50WurmP @Chevron @HessCorporation

Upstream M&A decelerated in the second quarter of 2025, with value falling 21% quarter-over-quarter to $13.5 billion, according to Enverus Intelligence Research (EIR). Read more: ow.ly/3wQ250Wun46

TotalEnergies has announced the start of production from the BEGONIA and CLOV Phase 3 offshore #Angola projects, which together will add a total of 60,000 bpd of new production. Read more: ow.ly/Isyq50WuiOQ

🚨🎙️NEW PODCAST ALERT: World Oil takes a deep dive into fluid systems with Barry Rowe Platts, Engineering Services Technical Lead, @Swagelok. Listen Now: ow.ly/9Su050WtKoN

TotalEnergies and Emerson’s AspenTech have announced a strategic collaboration to deploy advanced digital technologies for the continuous, real-time collection of data from industrial sites. @TotalEnergies Read more: ow.ly/Zm5l50WtKnh

OMV Petrom and NewMed Energy have awarded a drilling rig contract to @noblecorpplc for the drilling of two offshore exploration wells in the Black Sea, offshore Bulgaria. Read more: ow.ly/eE0750WtKlz

#Halliburton is forecasting shrinking margins in its biggest business line as weakening demand weighs on the prices it can charge, CEO Jeff Miller said Tuesday. The company plans to idle or retire some equipment. #oilfield #hydraulicfracturing Read more: ow.ly/bInz50WtKkK

ExxonMobil was recently denied a motion to dismiss a lawsuit that claims it breached a Contingent Resource Payment Agreement (CRPA) it held with InterOil, a company with #NaturalGas interests in #PapuaNewGuinea whom #Exxon acquired in 2017. Read more: ow.ly/2sAM50WtsTJ

The launch of Alvenco Advisory, a new strategic advisory firm to push global investments, comes as #Namibia accelerates the development of offshore oil and gas discoveries made in the #OrangeBasin. Read more: ow.ly/e7uN50WtsLF

Magnaflux non-destructive testing (NDT) solutions are trusted by Oil Country Tubular Goods (#OCTG) manufacturers, #oilfield and #pipeline inspection companies, power generation companies and #refineries. Read more: ow.ly/4FuO50Wtrs2 #Sponsored #nondestructivetesting

#Mozambique's President Daniel Chapo said he expects to soon conclude talks with @TotalEnergies over the restart of a $20 billion #LNG project that halted four years ago due to insurgency. Read more: ow.ly/iXCK50WtqNE

U.S. Treasury Secretary Scott Bessent said the next round of U.S.-China talks could include a discussion of China’s purchases of sanctioned Russian and Iranian oil #sanctions #traderelations #Russia #Iran #China #oilsupply Read more: ow.ly/flvt50Wt26K

CEPetroleum (CEP) has made a significant oil discovery in its WE1 well in the Baltic Sea, estimating it as the largest conventional field yet found in #Poland, and one of the largest conventional oil discoveries in Europe in the past decade. Read more: ow.ly/hlf450Wt251

Vår Energi has made a commercial gas and condensate discovery in the #Vidsyn exploration well, located close to the Vår Energi-operated Fenja field in the #NorwegianSea. #oildiscovery #naturalgas #offshoreexploration Read more: ow.ly/A8fA50WsUZ4