Thursday’s failure delayed more than a test flight. It stalls development of key energy infrastructure. Designing in-situ resource utilization on Mars using local CO? and water to produce methane demands gigawatt-scale power systems, including solar farms or nuclear reactors. The explosion sharpens focus on terrestrial fueling networks—from methane processing hubs to cryogenic pipelines at SpaceX’s Starbase in Texas.
Geopolitics could move Brent crude higher by around $10 per barrel, Goldman Sachs has estimated, from a starting point in the mid-$70s. However, the bank admitted oil could top $90 in case of Iranian supply disruption.
FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict.
BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran.
Argentina’s Vaca Muerta shale play posted significant first-quarter gains in 2025, building on last year’s strong performance, with oil output surging 26% and gas production rising 16% year-on-year, according to Rystad Energy estimates. This growth is shifting Argentina away from its historical dependence on gas imports, pushing the nation closer to energy self-sufficiency.
Singapore’s Seatrium has signed a letter of intent with specialist LPG and petrochemicals shipping company Solvang ASA for the installation and retrofitting of full-scale CCS systems on its VLGC fleet, Seatrium announced on Thursday.
Australia’s Santos Ltd. said the BW Opal floating production, storage, and offloading (FPSO) vessel arrived at the Barossa gas field. This is a critical milestone on the path to first gas in the third quarter of 2025, Santos said in a media release, adding that the FPSO has been hooked up with final commissioning already in progress.
The Railroad Commission of Texas (RRC) has recently imposed over $1.4 million in penalties on oil and gas operators for violations. These penalties were assessed during the June 2025 Commissioners’ Conference, with a total of $1,423,831.00 levied across various enforcement dockets according to The Railroad Commission of Texas.
Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict, with traders focused on flows through the region’s vital shipping chokepoint.
Subsea7 has secured a substantial contract offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation (EPCI) of pipeline bundles, spools, protection covers and tie-ins using key vessels from Subsea7’s fleet.
The PSC includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname.