Industry News

A tanker that has previously carried Iranian oil suffered a fire in the Gulf of Oman, maritime security companies and local navies said.

The number of oil tankers crossing Egypt's Suez Canal surged by almost a third in April and drove revenue to the highest since early 2024.

Antares Nuclear achieved 'initial criticality' for a microreactor design that uses TRISO fuel, the first to reach that stage under a Trump administration program.

The 50:50 joint venture, which combines Petronas and Eni assets in Indonesia and Malaysia, launches with a production base of 300,000 boed and aims to grow to over 500,000 boed over the next 3 years.

'Cumulative losses have now reached one billion barrels and are on track to nearly double by year-end under our base case', Rystad Energy MENA Research Director Aditya Saraswat said.

Ksi Lisims LNG said it had executed 'benefits agreements' with Indigenous groups that help clear the path for investors to greenlight the Canadian west coast project by yearend.

Iran's Islamic Revolutionary Guard Corps launched missiles on four American targets, including shelters housing F-35 fighter jets and a command center for the U.S. military at Al-Azraq Air Base in Jordan, state-run IRIB News said.

Malaysia's national oil and gas company signed a deal to supply the Japanese integrated power company up to about 2 million metric tons per annum of liquefied natural gas for 20 years from 2028.

Crude markets swung lower despite ongoing supply disruptions.

Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started.

New BP Plc Chief Executive Officer Meg O'Neill reorganized the energy giant's leadership and reporting structures.

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

Another liquefied natural gas shipment from Qatar transited the Strait of Hormuz over the weekend, according to ship data.

Wood Mackenzie 'found no consensus' on when the Gulf 'crisis' will be 'resolved' at its latest annual gas and LNG conference held in London recently, a statement sent to Rigzone by the company revealed.

Oil gave back most of Monday's gains today, Saxo Bank highlighted.

The world's shipowners have placed orders for a record number of new oil supertankers.

Two extremes are currently playing out in the Permian Basin.

Oil price rise was stunted as Israel and Iran signaled they may avoid further escalation.

The Railroad Commission of Texas revealed its latest preliminary crude oil and natural gas production figures, which were for March this year.

Sempra Infrastructure expects to launch commercial operations at the 3.25-MMtpa project in a few months.