Industry News

Brent jumped 11% in two days before Trump's escort pledge cooled the rally.

Falling debris from an intercepted drone caused a major fire at the United Arab Emirates oil trading hub of Fujairah.

'Oil is Iran's weapon of choice, and the U.S. gasoline pump is part of the battlefield', SEB Chief Commodities Analyst Bjarne Schieldrop warned.

Concurrently GEL also launched commercial-scale production of lithium carbonate, a raw material for rechargeable batteries, at the United Downs facility in Cornwall.

A decision to tap the Energy Department's Strategic Petroleum Reserve could help stanch prices spikes, at least temporarily.

The challenge concerns National Insurance contributions for offshore workers from October 1999 to April 2014.

OEUK and TXOGA have both issued statements on the ongoing conflict in the Middle East.

'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.