Industry News

'The Klaipeda terminal deliveries complement existing LNG import routes and strengthen the resilience of Ukraine's gas supply, reducing dependence on individual routes and increasing the flexibility of the system'.

The war between the United States and Israel against Iran has the potential to be the largest oil supply disruption in history, S&P Global has warned.

The project has raised Leviathan's gas production capacity to about 494 billion cubic feet a year.

'Petronas is closely monitoring the developments in parts of the Middle East with concern'.

Oil prices surged as conflict disrupted Hormuz shipping and refinery operations.

Qatar shut down liquefied natural gas production at the world's largest export facility after it was targeted in an Iranian drone attack.

In a statement sent to Rigzone back in August last year, Wood Mackenzie said the Daenerys discovery is a 'game changer' for Talos in the Gulf of America.

'We benefitted from successful execution of several key offshore activities that kick-started life for Seplat as an offshore operator, while at the same time delivering onshore production performance that was the strongest in recent memory'.

Equinor made an oil discovery near the Snorre field, on Norway's side of the North Sea, that could be rapidly developed as a tieback to existing infrastructure in the area.

Shippers are once again avoiding the Suez Canal as the U.S. and Israel are locked in a war with Iran.

Malaysia's national oil and gas company reported around $11.6 billion in profit after tax for 2025, down from 2024 on lower sales volumes and prices.

'There is ... a risk that the OPEC+ decision is moot', Alan Gelder, SVP of Refining, Chemicals and Oil Markets at Wood Mackenzie, said.

Chevron declared force majeure at the Leviathan natural gas and condensate field offshore Israel on the order of the government.

Higher oil and gas prices are certain, Wood Mackenzie said.

An area housing the country's largest oil refinery suffered a drone strike and the kingdom reported intercepting multiple drones heading for Riyadh.

An area housing Saudi Arabia's largest oil refinery was hit by a drone strike, according to people familiar with the matter.

Talos reported an adjusted net result of -$76.48 million for Q4 2025, incurring more losses compared to the prior three-month period as operating expenses rose and oil production and prices fell.

Tankers are avoiding the Strait of Hormuz after joint US and Israeli strikes on Iran, with some vessels halting or reversing course amid warnings the waterway may be unsafe.

Equinor is looking to sell a number of Angolan fields, according to people familiar with the matter.

Oil prices surged as traders weighed escalating US-Iran tensions and strike risks.