Industry News

Market expectations are shifting towards a prolonged U.S.-Iran conflict, Standard Chartered Bank Energy Research Head Emily Ashford warned.

Aker BP discovered natural gas with preliminary estimates of about 5.3-84.8 million cubic feet on Norway's side of the North Sea, some 16 miles north of the producing Duva field.

Ukraine said it hit the Syzran refinery in Russia's Volga region, underlining that the two nations have not signed up to the energy truce claimed by U.S. President Donald Trump.

The current windfall tax, called the Energy Profits Levy, was introduced in 2022 by the previous Conservative government after Russia's invasion of Ukraine sent energy prices soaring.

Brent neared $109 as pipeline and oil field disruptions tightened supplies.

The French companies aim to develop frontier models using 'nearly a century of knowledge, know-how and expertise accumulated by TotalEnergies in geosciences and reservoir engineering'.

London-based Kistos consummated the purchase of Mitsui's stakes in Blocks 3 and 4 onshore Oman, marking its entry into the Middle East.

North America added six rigs week on week, according to Baker Hughes' latest North America rotary rig count.

Yuan-priced crude futures in China rallied to the highest level on record.

'As the first center of its kind in Southeast Asia, SEA METEC will support regional efforts to strengthen methane emissions measurement, monitoring, reporting and verification, technology research and development and capability building'.

There is a key question about how far we are from 'tank bottom', analysts at HSBC said.

The East-West Pipeline was subjected to multiple attacks and subsequently shut down, a statement posted on the official X page of Saudi Arabia's Ministry of Energy revealed.

The Australian company signed a preliminary agreement to supply liquefied natural gas to a South Korean industrial customer and another preliminary deal to offtake from the proposed Ksi Lisims LNG in Canada for the Asian market.

The U.S. president and his Ukrainian counterpart offered differing accounts of a supposed agreement with Russia to stop attacks on energy infrastructure, as strikes on oil refineries help drive diesel prices to record levels.

Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections.

Crude gained as the Saudi East-West pipeline closure heightened fears of tighter global supplies.

The transaction with creditors, processed under UK law, allowed the New York City-based integrated gas-to-power company to extinguish around $5.7 billion in debt by separating its Brazilian operations into two enterprises, one ceded to creditors.

The Malaysian state-owned company agreed to supply Metlen with liquefied natural gas to be sold by the Greek company at home and in neighboring countries.

Venezuela crude exports hit around 1.15 million barrels per day back in April, Wood Mackenzie revealed.

Ukraine's state-owned Naftogaz and Kino Aski LNG signed a memorandum of understanding for potential long-term supply of liquefied natural gas to Europe from the proposed Canadian project.