Saudi Arabia and Kuwait are attempting to press on with planned multibillion-dollar energy deals despite a widening conflict that’s seen Iran target oil and gas infrastructure across the Middle East over the past three weeks.
The Trump administration released TotalEnergies from $1 billion in offshore wind leases so the French energy giant can redirect those funds into oil and natural gas investments in the U.S.
Aker BP and Armada have agreed to deploy a modular offshore data center on the Norwegian Continental Shelf, aimed at enabling real-time processing of drilling and operational data directly at the rig site.
Brent crude is seen averaging $85 per barrel this year, and West Texas Intermediate could see an average price of $79, Goldman Sachs commodity analysts said in a note released Sunday. They added that the supply loss from the crisis is going to peak at 17 million barrels daily.
The Dangote Petroleum Refinery has exported 12 cargoes of refined petroleum products totalling 456,000 tonnes to five African countries, expanding its regional presence amid ongoing fuel supply challenges linked to geopolitical tensions in the Middle East.
Iran has said that United States and Israeli strikes hit its South Pars natural gas field and associated infrastructure, Bloomberg reported on Wednesday.
The analysis will evaluate the potential impacts of well stimulation treatments including hydraulic fracturing, as part of drilling activities.
Oil prices climbed sharply in early Asian trading on Thursday as the Middle East conflict continued to escalate and energy infrastructure was targeted across the Gulf.
The U.S.-Israeli war against Iran poses a fresh threat to Ghana’s inflation outlook through higher oil prices and tighter global financial conditions, even as the same geopolitical uncertainty is pushing up gold prices, the Bank of Ghana Governor said on Monday.
A pipeline leak at Libya’s largest oil field, Sharara, caused a fire on Thursday, prompting a redirection of the flow of oil, the National Oil Corporation said in a statement.