Industry News

Indian oil refiners are hiring tankers to sail through the Strait of Hormuz to pick up crude from within the Persian Gulf.

Oil surged above $100 as renewed US-Iran tensions heightened concerns about Middle East supply disruptions.

The SLB joint venture received a contract from ExxonMobil to deliver subsea production systems for phase 1 of the planned Rovuma LNG project in Mozambique.

The South Korean government has agreed to continue working with the United States government on a potential investment in the Alaska LNG project by the major gas-importing country, as part of their trade deal.

Senators Mike Lee, Shelley Moore Capito, Martin Heinrich, and Sheldon Whitehouse have released the Bipartisan American Affordability and Jobs Act.

Key European nations are holding emergency talks on how to respond to U.S. pressure to release strategic fuel reserves.

To be developed using existing infrastructure, ECSP is expected to begin production 2028.

Rigzone talks to analysts from the PRICE Futures Group and B. Riley Wealth.

Eni and Ares completed a transaction to inject new capital into the business that holds the Italian oil and gas major's renewable energy assets.

The Middle East's oil export arteries are flowing again, analysts at J.P. Morgan said.

Chinese fuel exporters have canceled some oil-product cargoes slated for export in October, as Asia's top consumer prioritizes domestic supply during an extended period of upheaval in global energy markets.

Iraq's state oil marketer offered buyers contractual crude supplies for October at discounts of as much as $37 a barrel to regional benchmarks, according to a document obtained by Bloomberg.

Middle East oil flows are nearing pre-war levels as shipments through Hormuz and alternative routes rebound.

Eli Rubin, an energy analyst at EBW Analytics Group, flagged 'dizzying volatility into October final settlement'.

Earlier Sempra announced a 20-year agreement to also supply about 0.8 MMtpa of LNG to the Brazilian state-owned company.

A nascent recovery in Chinese oil demand has begun to falter.

'MidOcean's participation in phase 2 will increase associated LNG volumes, from 0.7 mtpa to 1.4 mtpa, and deepen its position across the integrated LNG value chain, spanning upstream gas production in the North Montney and liquefaction and export'.

The New York City-based asset manager committed 'a majority investment' in Cisternina Logistics, which is developing liquid and gas storage terminals in India.

'The spread is not just the result of Brent acquiring more geopolitical premium', Standard Chartered Bank Energy Research Head Emily Ashford said.

Chevron's local partners in Israel's Leviathan gas and condensate field binned a potential contract to supply natural gas from the Mediterranean project to two planned domestic power plants.